A towering trend of supertall buildings
On a clear day, Tal Alexander can see for nine miles all the way to LaGuardia Airport from his apartment at Manhattan’s 432 Park Avenue, the tallest residential-only tower in the world, at 1,396...
Apartment cleaning service expands business model
Lapa Lopa is a cleaning service that leverages technology to deliver an improved experience for apartment residents. Headquartered in Bellevue, Wash., the company recently launched a new app for cleaners, targeting prospective employees, contractors...
Getting inside multifamily’s utility management operation
“In many states we’re seeing an increase in the trend to mandate submetering for any residential and commercial new building construction. Around eight states already have the law in place, up from around three...
LED lights the way to savings
The price for LED (light emitting diode) bulbs has plummeted more than 90 percent since 2008 and today’s bulbs use 70 to 90 percent less energy and last 15 times longer than the old...
From housekeeper to the C-suite: A multifamily success story
The hotel that was managed by Consolidated Management, Inc., (CMI) asked Tony to move in to provide security on the weekends and the couple was happy to leave the apartment where they were behind...
Unintended consequences of public housing
My grandfather was the first landlord I ever met. It was he who taught me about the business of rental housing, starting and running companies, and the intrinsic value of hard work—all without ever...
Can’t fight that feeling
But the apartment industry is catching on with the help of partners like software provider Yardi, which tapped the hotel sector for cutting edge solutions to repeat business and extended leases during its 2017...
Same assets. Better performance.
Revenue management has been an indispensable price optimization tool in multifamily since the launch of Lease Rent Optimizer (LRO) and YieldStar 15 years ago, both developed in conjunction with large multifamily property REITs and...
Turning point for public housing
In New York City, hundreds of public housing residents live in buildings where the elevators don’t work—like Building Four at The Bay View Houses, a public housing project in the Canarsie neighborhood of Brooklyn....
Knocking the rust off the Rust Belt
Investments into one of the nation’s poorest zip codes in the Rust Belt are fueling an historic preservation and mixed-use redevelopment project on three blocks in Erie, Pa.’s downtown core, setting a national standard...
How deregulating real estate markets can solve America’s shortage of affordable housing
The deregulation of real estate markets doesn’t just make economic sense. It is also a moral imperative.
In the early twentieth century, known as the “progressive era,” the United States embarked on a spree of...
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...
Top multifamily operators band together, plan massive investment in real estate tech
The companies have invested $108 million in the fund, Real Estate Technology Ventures I, which will be used to invest in “disruptive real estate technology companies” in the multifamily industry.
According to the companies, the...
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...
