Leaning tower of San Francisco
A luxury high-rise in the heart of San Francisco City has been dubbed the “leaning tower of San Francisco” after the building began to sink—and satellite images have now revealed just how bad the...
15 Years in the pipeline
Cranes are on the horizon in San Francisco in a most unlikely place, South of Market’s (SoMa) Harrison Street. The area with a most lively history is one of the last to relent to...
Gunfight at the Airbnb coral
That means Airbnb and others must stick to advertising San Francisco hosts who have registered with the city and haven’t exceeded the number of nights they’re allowed to rent. The penalty? Platforms can be...
When will affordable housing advocates push for more supply and fewer rules?
The lack of market rate supply contributes to high prices that puts market rate housing out of reach, and as long as that problem goes unaddressed, more and more subsidies will need to be...
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...
The camel that had no hump
This especially irritates Rob Pressman, the principal of Burbank, Calif.-based TGP, Inc. Landscape Architecture, who believes that aesthetics do not have to be discarded for the sake of sustainability. Multifamily developers employ landscape architects like...
An apartment that knows your next move
That’s the vision some technologists have for the future of domestic living, and a startup named Brain of Things says that it is developing what the company’s founder refers to as “robot homes” in...
Paradise lost
San Francisco has topped the list of every national rental report since Zumper began publishing them in August 2014, and was named the most expensive city in the U.S. years before that. The rapid...
The next target in California’s drought? Renters.
The result amounted to a savings in water use in June of 23 percent, just below the mandate required by the governor. But while single-family homeowners sacrifice their lawns and are saving water, multifamily residents...
Utility costs rising
It isn’t just the additional cost that’s irking California residents—it’s the growing suspicion among neighbors suddenly stuck splitting one big water bill. A vast majority of California’s apartment communities have one master water meter,...
Betting on the City of Angels
Developers are seeing a diverse group of residents and buyers who want to occupy amenity-rich complexes of varying types—lofts, mid-rises and high-rises—and have worry-free, beautiful urban living in environmentally-conscious, yet luxurious settings. Although price escalation...
West coast story
“It’s a great time to own apartments on the West Coast,” said Essex President and CEO Michael Schall during his company’s presentation at the Citiglobal Property CEO conference held this March in Hollywood, Fla.,...
California offers energy efficiency financing for multifamily
In January, the state of California and the U.S. Department of Housing and Urban Development announced an initiative that would allow PACE financing to fit in with the existing financing for properties that had...
Prometheus exits fee business
San Mateo-based Prometheus is exiting the sector to focus its energy more on its growing development pipeline, said Darren Carrington, senior vice president of portfolio management for Prometheus. Prometheus will continue to manage its...
Sares Regis expands portfolio
The new acquisitions total 300 apartments in Portland and North County San Diego, and for a portfolio of eight properties totaling 1,220 apartments out of the fund formed last year. The fund was initially...
