Multifamily Developers See Competition Stiffen
Though buyers have returned with some significant in 2010, it's important to allow sense to reign.
After nearly two years of stagnation, multifamily REITs and private firms began to eye opportunities in the land market.
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In another sign that their could be life in the long dormant land market, San Francisco-based BRE Properties announced Tuesday that it had acquired 2.4 acres of land in downtown Sunnyvale, Calif., for approximately $19 million. It plans to build 280 units on the site.
Multifamily Developers Struggle With Land Values in Nascent Stages of Market Recovery
Alliance Residential Co. isn't in the property management business to make money. The company's president, Bruce Ward, a self-described developer at heart, is adamant about that. That's right: The former fee-management arm of Trammell Crow Residential West—which found a three-year home at San...
Dirt, dirt everywhere, but not a piece of land for a multifamily project. For Las Vegas, this is a major factor affecting the multifamily market, and the effects have multifamily developers frustrated, multifamily owners thrilled, and investors ready to act as soon as opportunities become available.
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Adding a building to a college campus is never easy. Between the limited space on-campus and the usual town-gown challenges, colleges and universities must be both creative and persistent if they want to expand.
From street corners to skylines, American cities have changed a great deal in recent years. So has the image of these formerly downtrodden downtowns. Today, everyone from the echo boomers to their retiring parents wants a pied-a-terre in the city, and they're willing to pay for the privilege. But...
Gerald Ogier has found that in every business cycle there is a development cycle, and within that there is a boom and bust period in which companies stop and start building new product.