Apartment boom boosts adaptive re-use
New renters are signing leases and moving into 109 luxury apartments at The Arden, an old office building that re-opened as a new multifamily community in the Koreatown neighborhood of Los Angeles, in August...
The great setting of expectations
Good customer service begins with onboarding. Studies have shown that residents who are satisfied at move-in tend to remain satisfied through renewal and those who are unsatisfied tend not to renew.
But resident onboarding is...
It’s good to be king
I sometimes wonder if landlords aren't single-handedly holding this economy together. And after reading Peggy Shaw's cover story, "Landlords Rule," I would almost bet the farm that we do.
Except that the farm isn't worth...
Home Builders urge Fannie, Freddie to get behind mixed-use
The mortgage giants currently require that projects they finance be no more than 25 percent commercial (20 percent for Fannie and for multifamily HUD projects.) The intention is that these lenders remain true to...
The hottest U.S. real estate market: Washington, D.C
"Our spring market has taken off quite early," said Schwartz. "We've reached that stable point where we're out of a buyer's market."
The nation's capital has been a leader when it comes to real estate.
While...
Positivity
I felt completely overpowered by his dismay. We're both Catholic, so many of our discussions circled around our faith-in-common, but it felt as though he had already given up the ship. It seemed that...
Game changer
With Greystar Real Estate Partners' acquisition of Riverstone Residential in June, the nation's two largest privately owned apartment management companies are now one mega-firm with almost double the number of managed units than that...
Multifamily rentals are still alive and kickin’
Brace yourself. I’m about to unleash a tsunami of data to make the argument that the multifamily market is going strong, despite the sturm und drang about the coming global economic slowdown and its...
A gem regains its luster and a city gains apartments
On a plot of land between Immanuel Presbyterian Church, now listed as a Los Angeles Historic-Cultural Monument, and the Ambassador Hotel, home of the Coconut Grove nightclub and host of the 1930 Academy Awards,...
Artful amenities
While dog parks, pool decks, community-wide WiFi, granite countertops, bike storage and repair areas and package delivery centers are becoming commonplace, apartment and condominium developers are challenged to add ever more innovative amenities to...
Repurposing hotels helps with housing shortage
The pandemic in 2020 slowed tourism throughout the nation, leaving the hospitality industry economically devastated, with hotels and lodging among the hardest hit. After a year of record-breaking occupancy for hotels, many were forced...
Multifamily to multi-billions
Donald Trump was born and raised in multifamily. His father, Fred Trump, was the largest middle-income apartment builder and owner in New York state. Today The Donald is the world's most famous multifamily professional.
With...
Even more shades of grey
The number of centenarians worldwide will double by 2023, and double again by 2035. Projections suggest life expectancy will surpass 100 in some industrialized countries by the second half of this century-roughly triple the...
Strong tail wind
Apartment rents grew more quickly in April than in any other month since the recovery from the financial crisis, according to data released by MPF Research on May 11. “Rent growth in April 2015...
The end of white picket fences
Wanda Rapp doesn't own her home, and doesn't want to. Her job makes her painfully aware of why she doesn't. Rapp manages repossessed and foreclosed assets for a bank in Los Angeles. Assets. Not...
