Free rent and covered brokers fees fell for new Manhattan apartment renters in January as demand strengthened. (Bloomberg Article ) — Manhattan landlords got a glimpse of light at the end of a long, dark tunnel in January as demand from frustrated buyers allowed them to raise rents and give away fewer freebies to attract tenants. The share of new leases...Continue reading »
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The current construction boom is skewed toward big, multi-unit, boxy apartment buildings that use lightweight wood frames. (Bloomberg Opinion) — The U.S. is in the midst of (and may be just passing the peak of) a record-setting large-apartment-building construction boom. Not a record-setting apartment construction boom, mind you. Apartments — to...Continue reading »
Co-living developers in New York and Washington, D.C. report strong demand from renters. By Bendix Anderson (NREI Online Article) — Hundreds of co-living suites are renting quickly at ALTA LIC, a new high-rise apartment building in Long Island City, Queens. “We are now about four months ahead of our expected pace,” says Christopher Bledsoe,...Continue reading »
Metros across the Southeast and Midwest, in particular, are seeing strong employment growth and housing demand. By Lauren Shanesy (MutliFamilyExecutive.com Article) — Despite worries over labor force shortages and oversupply in many markets, the apartment industry is expected to remain strong throughout 2019, according to Marcus & Millichap’s...Continue reading »
Getting clarity in where you want to be, your Vision, is absolutely critical to being effective when it comes to being Time-Wealthy. Getting clarity on where you want to be isn’t always easy, it’s often the typical problem of “not seeing the forest for the trees.” Another one is not being able to identify your “Anticipated Joy” as outlined in Chapter...Continue reading »
New program enables small investors, family offices to profit from deals traditionally reserved for institutional investors. By Sean Burton (MultiFamilyExecutive.com Article) — A year ago, the Trump administration rolled out its new Opportunity Zones program, which aims to spur economic development and job creation in designated distressed communities....Continue reading »
Commercial real estate does not operate in a vacuum. How will current economic and demographic trends shape investment and finance in the industry’s four main asset classes this year? By Gregg Gerken (MultiHousingNews.com Article) — The commercial real estate industry has displayed signs of continued health so far this year, but a number of...Continue reading »
