Development: Page 3
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Shoreham Capital sells SFR community near Orlando, Florida
The developer went under contract over two years ago with a state pension fund for the 175-home community.
By Leslie Shaver • March 12, 2024 -
PROJECT SPOTLIGHT
New Florida apartment designed as a ‘neighborhood social hub’
Society Orlando’s common areas include a 50,000-square-foot pool deck and a lobby with a public bar.
By Mary Salmonsen • March 7, 2024 -
Trendline
Multifamily Legislation
Apartment pros are keeping an eye on potential regulations such as the Choice in Affordable Housing Act, the YIMBY Act and state and local rent control measures.
By Dtmliving staff -
Multifamily developer confidence remains negative
Tight lending standards and high loan costs have put pressure on the industry.
By Mary Salmonsen • March 4, 2024 -
DEALS + STARTS
Landmark breaks ground on 1,286 beds near University of Southern California
The Standard at Los Angeles is the developer’s second student housing project in the city.
By Mary Salmonsen • March 1, 2024 -
PROJECT SPOTLIGHT
Structured Development completes multiphase project in Chicago’s Lincoln Park
Wendelin Park encompasses three types of properties: co-living, affordable-rate for-sale condos and market-rate rentals.
By Mary Salmonsen • March 1, 2024 -
Deals + Starts: February 2024
Fifield, Universe Holdings, Moinian Group, JPI and others were in the news this month.
By Dtmliving Staff • March 1, 2024 -
REIT Report
MAA sees new lease pricing improve after 7% fall
The REIT’s blended pricing rose 130 basis points in January, and the firm expects fundamentals to improve as the year plays out.
By Leslie Shaver • Feb. 26, 2024 -
Apartment starts fall 38%
Developers completed 538,000 units during January, a 53.7% YOY jump.
By Leslie Shaver • Feb. 22, 2024 -
5 of the largest office conversions underway across the US
Over 55,000 residential units are in the pipeline, concentrated in major metros.
By Mary Salmonsen • Feb. 21, 2024 -
DEALS + STARTS
210 units go vertical next to future light rail stop in Miami
Wynwood Station by Fifield Cos. will feature an industrial-style exterior inspired by its location.
By Mary Salmonsen • Feb. 20, 2024 -
Faith-based institutions take on the affordable housing crisis
“Land-rich and cash-poor” religious institutions are among those looking at how they can meet their communities’ low-income housing needs while shoring up their finances.
By Karen Kroll • Feb. 20, 2024 -
PROJECT SPOTLIGHT
Quarterra starts leasing 224 units in Denver’s Golden Triangle
Kindred Apartments is the 11th Denver development for Lennar’s multifamily subsidiary.
By Mary Salmonsen • Feb. 20, 2024 -
Weak rent growth on the horizon for 2024
The national average rent was unchanged last month as new supply dampened prices, according to Yardi Matrix.
By Mary Salmonsen • Feb. 15, 2024 -
UDR assumes ownership of Mill Creek lease-up development in Oakland
The REIT had provided $45.2 million in preferred equity for the 173-unit asset.
By Leslie Shaver • Feb. 15, 2024 -
REIT Report
Camden expects a ‘transition year’ for supply, with the highest concessions in Nashville and Austin
Overall, the firm predicts property revenues to fall between 0.5% to 2.5%, with Southern California leading the way.
By Leslie Shaver • Feb. 14, 2024 -
Lender forecloses on Greystar tower in Dallas
Areeif Lender W LLC, an affiliate of Ares Commercial Real Estate, has taken control of The Gabriella.
By Leslie Shaver • Feb. 13, 2024 -
PROJECT SPOTLIGHT
Leasing opens for 108 BTR homes in Charlotte, North Carolina
The Zora University community is located near the University of North Carolina at Charlotte campus, plus other employment centers.
By Mary Salmonsen • Updated Feb. 13, 2024 -
REIT Report
AVB generated $10M from its AvalonConnect rollout in 2023
Like EQR, the REIT expects a slower year in 2024 with NOI growth of 1.25%.
By Leslie Shaver • Feb. 12, 2024 -
DEALS + STARTS
One of New York City’s last 421-a properties goes vertical
The 7 Platt Street tower will add 250 units in the Financial District.
By Mary Salmonsen • Feb. 8, 2024 -
DEALS + STARTS
Developer buys 3,000+ acres for $6B community, Margaritaville resort near Dallas
With 7,500 homes planned, Preston Harbor is expected to double the size of Denison, Texas.
By Mary Salmonsen • Feb. 6, 2024 -
4 takeaways from the NMHC conference
The association’s packed event in San Diego last week featured lots of commentary about housing supply.
By Leslie Shaver • Feb. 6, 2024 -
Opinion
Renters weigh in on their favorite workout room features
As the Peloton bike wanes in demand, fitness equipment like CrossFit and TRX are tops with apartment residents, according to a new NMHC report.
By Sarah Yaussi • Feb. 5, 2024 -
DEALS + STARTS
San Antonio developer plans 318 BTR townhomes next to retail
The Schertz, Texas, development will include EV chargers in its resident garages and throughout the property.
By Mary Salmonsen • Feb. 1, 2024 -
Is the EV revolution over?
Despite a sales slowdown, apartment owners and developers should charge ahead with electric vehicle infrastructure, experts say.
By Amanda Loudin • Jan. 31, 2024 -
DEALS + STARTS
JPI partners with Kroger for a project in Lewisville, Texas
In another deal, the developer will build a workforce project in Ft. Worth.
By Leslie Shaver • Jan. 31, 2024