From mall to ecosystem
Construction has started on a 23-story upscale apartment tower at Westfield UTC, a one-million-sq.-ft. outdoor center in San Diego, but the project is much more than the redevelopment of an upscale retail center owned...
The cost of inaction
Most of us share a common trait: We are “housers.” We understand the foundational importance of the home. Our homes, of course, meet a basic need—shelter. But our homes can and should also provide stability...
Home smarts
And, if speed of lease-up and the ability to charge higher rents at the newly built 70-unit Excelsior Park apartments in Saratoga Springs, N.Y., is an indicator that smart technology is part of multihousing’s...
History repeats itself
It’s happening again. Once, knowledge was sequestered away on manuscripts in Monasteries only to be set free by the printing press. Suddenly, the Renaissance. The Reformation. The Industrial Revolution. Men read, collaborated and created. Our modern...
Cool new lockers hit the market
Refrigerated package lockers have recently been introduced to the market, spurred by the increase in deliveries of meals from companies like Blue Apron and Hello Fresh, and produce and refrigerated items ordered through Amazon’s...
Investor’s latest sweetheart: workforce housing
There is expected demand for an additional 4.5 million new apartments in the U.S. by 2030, according to data from the Workforce Housing Committee of the National Multifamily Housing Council, Washington. What’s more, deal activity...
Three-comma deal
Willy Walker, Walker & Dunlop Chairman and CEO, commented, “It is a true honor to have been selected by Greystar to finance the largest transaction in its illustrious history. The Walker & Dunlop team,...
Why shuttered hospitals are hot property
Then she heard the rumors that the old Linda Vista Community Hospital building was haunted. “I was a little scared,” said Monroy, 60. But she hasn’t seen a ghost yet, and now she loves living...
After effect
Complexes that stayed dry in heavily flooded areas like west Houston, Kingwood and Spring have been slammed with new tenants. Landlords there are finding their apartments are worth much more than they were before...
On the horizon
Here are a few of the top worries for today’s multifamily investors: Wave of new luxury apartments Luxury apartment building owners worry about competition from new class-A developments. “The delivery volume is the biggest concern in the...
Making procurement pay
Cutting costs never loses appeal, even in a robust industry and a thriving economy. Inescapable expenses such as insurance and taxes, along with competitive pressures, have forced property owners to become increasingly creative in...
Room to chill
Luxer One has been in the locker-based delivery business since 2005 and introduced its electronic smart lockers in 2013. The company created the Luxer Room two years later in response to a challenge by...
Is rising rent a myth? For many, incomes seem to be keeping up.
Most people paying attention to the cost of renting an apartment in the U.S. would tell you that prices have gotten out of hand. That’s certainly true at the extremes where, say, the typical two-bedroom...
A new blueprint for America’s construction trades
It’s been weeks since Hurricane Harvey devastated the city of Houston and Southeast Texas. Damage estimates go up to $190 billion. The cleanup has begun, but a major shortage is looming for the rebuilding...
Affordable housing developers face new challenges
Affordable housing developers are facing more obstacles to building new projects, even though the need for affordable housing seems to grow stronger every year. “We believe affordable housing production, that is, the development or preservation...