The push for rent control
In November 2018, election ballots in California might include a question on rent control. Right now, California law restricts the spread of rent regulations on housing built after 1995, in addition to many older...
Meridian Capital Group arranges $3.7 million in financing for a multifamily property in New...
Meridian Capital Group, America’s most active dealmaker, arranged $3.7 million in financing for the refinance of a multifamily property in New Haven, CT.
The seven-year, floating-rate loan is swapped at 190 basis points over LIBOR...
Private vs. public property rights
Controlling housing rental rates is a classic example of the erosion of private property rights. Traditional rent controls specify a maximum rent that property owners legally may charge for use of their dwelling. Further,...
Meridian Capital Group arranges $110 million in financing for the 251DEKALB multifamily property located...
Meridian Capital Group, America’s most active dealmaker, arranged $110 million in balance sheet financing for 251DEKALB, a five-building multifamily apartment complex located in King of Prussia, PA on behalf of a venture sponsored by...
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...
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...
Paradigm shift
The partners, who come from family-owned multifamily businesses with a combined 150 years of experience, plan to redefine the future of urban rental living by developing and managing apartment communities based on five principles:...
Uptown living, downtown budget
“I would say it’s the most social building I’ve ever seen,” said Daniel Ellch, a tenant. That’s by design: The developer, Property Markets Group (PMG), is entering the co-living market, offering slightly smaller private...
In Baltimore, Under Armour’s owner makes a $5.5 billion bet on his city
It wasn’t just the luxurious look of the 128-room hotel that made news. The building, once featured on the television show Homicide, part of the string of true-crime dramas that have given many an...
New York’s self-inflicted housing crunch
But there’s also the anxiety from New York’s crazy-quilt pattern of land use regulation, which a New York Times editorial recently labeled “High-Rise Anxiety.” The unease stems from the many overlapping restrictions both on...
Multifamily’s great reno invasion
Among those speakers was Chip Gaines, who recounted his experience doing facelifts on single-family homes in Waco, Texas, during his presentation at the conference. Chip, who shares the spotlight with his wife Joanna on...
$20 billion skyline
Employers, and by extension, cities seeking growth and tax dollars, are competing more fiercely than ever to become centers of innovation and attract top talent. In New York City, that thinking applies to the...
Leading beyond LEED
When the innovative foam-and-stucco structure at 803 Knickerbocker Avenue in Brooklyn couldn't hold up to the blower door test that's a standard trial of airtightness, the architect sent her staff scrambling throughout the six-story,...
Buildings with a past
New York has always been a place where people could start over, reinvent, try something new.
Buildings have been no different.
Perhaps from the moment somebody turned a stable in colonial Manhattan into a crash pad,...
Start spreading the news
De Blasio unveiled his administration’s ambitious plan to build and preserve 200,000 units of affordable housing, one that he says will house half a million people at a cost of more than $41 billion...
