Property Management News
George Oliver’s CASA project in Phoenix signed more new leases during COVID than any other building in Arizona. Wellness real estate is well on its way in moving from elective to essential, according to New Global Wellness Institute (GWI) research that revealed the sector grew 22% during the pandemic year, particularly as it relates to residential projects. Three years ago, “wellness real estate was a concept not well understood by consumers, builders, developers or investors,” according to GWI senior research fellow Ophelia Yeung. Wellness residential projects have since quickly tripled, from 740 worldwide in 2017 to over 2,300 today; while overall construction projects shrank... Read more
Extreme weather events — including heat waves, droughts and floods — have unfolded all over the world this summer. The grave impact of climate change is upon us and...
Q: In 2016, I leased a one-bedroom apartment. The lease had a provision that I was not to engage in any “illegal activities” on the premises. After recreational use...
In April, a 507-unit, Class-A multifamily building in Glendale called the Altana sold for $300M — a record for the largest multifamily transactions in California...
Fort Lauderdale-based Affiliated Development, which specializes in mixed-use multifamily developments, announced Monday that it has started construction on an $81M...
Basement dwellings have been eyed as a relief valve for Boston’s housing crisis, but a summer with record rain and fatal storms down the East Coast shows they may come with dangerous risks. Hurricane Ida killed 11 New Yorkers earlier this month in basement units, some in illegally converted residences. Basement residence owners in Boston, fewer in number than New York City, weren’t hit with the same severe flooding but experts say they could be vulnerable to future storms. Boston’s Accessory Dwelling Unit program, launched in 2017, aims to ease the city’s housing shortage by adjusting zoning to allow for the conversion of basements to apartment units. The program also... Read more
Affordable housing developers have a front-row seat to the pushback, red tape and other hurdles that new multifamily projects can face. Conversely, they see the speed...
At $15.5 million, the deal is the largest multifamily transaction in the market in the last 11 months. A local family office has acquired the trophy multifamily...
Asking rents hit an average of $986, while the national vacancy rate declined by 0.1% in the second quarter to reach 2.5%. The affordable housing sector posted the...
With demand heating up and institutional capital entering the arena, the single-family rental market is booming. The single-family rental market was already heating up...
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