Friday, March 29, 2024

Cover story

Rent control laws seize New York apartments

Last ditch attempts by real estate developers to thwart final approval of rent control legislation was just too late, reported the New York Times. “There was some arrogance on the part of the real estate...

Supreme Court takes up key housing discrimination case

There may be many reasons for a racial disparity in home loans—for example, financial qualifications—that have nothing to do with discrimination. Yet businesses routinely settle when hit by disparate-impact claims because the reputational cost...
Toronto’s Cloverdale Square Shopping Mall rehab

Empty offices, troubled malls become new “15-Minute Cities”

At ULI’s Spring Meeting apartment experts found new solutions and opportunities to build—even in uncertain times. A questionable economy and high-interest rates are not stopping apartment developers from making new plans to transform communities. “We keep...

Market smarts

Good data lies at the heart of every successful operation, but data, in itself, is just the proverbial stack of lumber. Without an understanding, or a plan for construction, it has no context and...

Freddie and Fannie, how low can you go?

"The Congress really took a hard look at our industry's lobbying efforts to create a more balanced housing policy," Camden Property Trust CEO Ric Campo told analysts during the apartment REIT's Q2 earnings call,...

And the winners are…

The 466-unit first phase of Columbia Parc at the Bayou District in New Orleans, La., winner of both the Community of the Year and Best Affordable Community awards, was honored by a visit from...
Elevation Lofts

Interra Realty brokers $9.2 million sale of mixed-use multifamily property in Chicago’s Rogers Park...

Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the $9.2 million sale of Elevation Lofts, a 40-unit apartment and retail building at 1531 W. Howard St. in Chicago. The...

The work in hand

The rapid advance of cyber technology is rendering what was new yesterday old hat tomorrow. Internet listing services that were cutting edge a decade ago are considered outdated as potential renters go directly to...

The great migration

The future of the apartment industry looks bright. Demand for rental homes is strong, rent growth has returned to pre-pandemic levels and renters who fled major cities in 2020 are showing renewed interest in...

Landlords rule

"We are riding a monster wave that has a long way to go before getting to shore," said Camden Property Trust CEO Ric Campo in his introduction to the apartment REIT's Q1 2012 conference...

Cheaper by the dozen

In mid-January, the apartment REIT announced the exercise of an option to purchase the 80 percent interest not currently owned by Camden in 12 related joint ventures for $99.5 million. Camden originally owned 100 percent...

Suburban rise

Desperate landlords now offer as much as three months free rent to potential renters at new, Manhattan apartment towers. “There is a considerable amount of pain—20 to 25 percent declines in effective rents,” according to...

Who will save us?

One is H.R. 1935, introduced by Rep. Sander Levin (D-Mich.) that would change the tax treatment of carried interest, or what is known in real estate as "the promote," to regular income from capital...
Adams and Central

In it to win it

Honoring the historic nature of their surroundings while giving them facelifts, from mixed-use to student housing, the vast majority of those recognized for excellence in multifamily development sought to increase connectivity between urban neighborhoods,...

Making hay while the sun shines

"The economy appears to be on a path of sustainable growth. U.S. businesses have healthy balance sheets and plenty of liquidity-consumer debt has declined to levels not seen since the early 90s," said AvalonBay...
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