L.A. homeless tower building cost rings bells
Gym, balconies, restaurant, soundproof music studio, business center, located in downtown Los Angeles, and it’s pet friendly.
Sounds like a pretty good hotel, four-stars at least.
Sounds like it, but it isn’t. It’s the new Weingart...
Dominium Acquires Land for Sandoval Flats, Plans to Develop 216 Affordable Apartment Homes in...
Dominium, a leading housing owner, developer, and manager announced that it has closed a deal to acquire land for the development of Sandoval Flats, a new affordable housing community in Rio Rancho, New Mexico.
Dominium...
Seven trends reshaping the workplace
Where and how we work has changed a lot in the past several years.
Collectively, we’ve experienced some of the most significant and far-reaching changes in the world of work since the Industrial Revolution. Zoom...
Class A apartments in high-supply markets outpace Class B on year-over-year rent growth
Although it might defy conventional wisdom, Class A apartments in high-supply markets are outperforming upper tier Class B assets on year-over-year rent growth, according to RealPage Analytics. New apartment supply is at...
Fannie Mae predicts instability and cloudy skies in 2024
Fannie Mae issued a multifamily market forecast this month predicting instability and cloudy skies in 2024.
“Our prediction of turbulence in the multifamily market last year was correct, and it appears that it...
HUD gets its first chief with real-world housing experience
On February 5, the U.S. Senate confirmed Scott Turner as secretary of Housing and Urban Development (HUD). Turner takes over the position from Marcia L. Fudge, who announced her retirement last year.
Turner...
Class B is the place to be, say analysts
Class B apartment properties outperformed their luxury siblings in 2023, and most analysts expect they will continue outperforming in 2024. Berkadia concluded that data published in a December 2023 report entitled, “Is...
Building more luxury apartments lowers rent for all classes
One of ten unintended consequences of rent control, according to the National Apartment Association, is that it reduces developers’ incentives to build new rental housing. Rent control has proven to backfire on...
Office-to-apartment conversions gather steam
Office-to-apartment conversions gather steam as developers seek adaptive reuse as a way to fix pandemic-related problems in the office market. Adaptive reuse of office buildings has become so popular, CoStar dubbed 2023...
NMHC survey reveals rise in rental fraud
A recent survey of rental housing providers by the National Multifamily Housing Council found that rental application, financial and identity fraud are increasing throughout the nation, fueled by social media platforms that...
SFR industry unjustly targeted in the housing affordability crisis
Hedge funds and private equity investors are the latest culprits in the nation's lack of affordable housing, say lawmakers. But housing experts provide evidence that the SFR industry is being unjustly targeted...
Affordability is re-emerging as a tailwind for market-rate apartments.
Affordability is re-emerging as a tailwind for market-rate apartments. One takeaway from data discussed on a RealPage podcast this week is that rent-to-income ratios have returned to pre-pandemic levels, suggesting affordability issues...
Renewed consumer confidence boosts apartment demand
As 2023 comes to a close and inflation eases a bit, consumer confidence has rebounded, according to two December surveys. Renewed consumer confidence is boosting apartment demand in markets across the nation....
Multifamily distress logs largest increase in 18 months
The multifamily distress anticipated last year is finally starting to materialize. Although multifamily loan defaults remain relatively low, the multifamily distress rate rose as lenders push maturities forward, wrote Yardi Matrix in...
Yardi matrix reports strong student housing preleasing activity
Yardi Matrix reports strong student housing preleasing in its most recent Yardi Matrix National Student Housing Report.
The off-campus student housing sector continues to post solid fundamentals, beating out last year’s preleasing rate...
