MultifamilyExecutive: Condominium

Outboard Motor City: Shipping Crate Condo Project Sets Sail

Fri, 11 Jan 2013 12:28:30 EST

Ground will break on the innovative Exceptional Green Living on Rosa Parks mulifamily housing project in mid-December.

From Carriage House to Condos

Wed, 6 Jun 2012 10:48:04 EST

An early 20th-century carriage house/garage in New York's popular Chelsea neighborhood survives the Great Recession to become 24 swank condo units.

Third Community Rounds Out Latitude 33 in Southern California

Thu, 22 Dec 2011 11:37:19 EST

The third piece in a trio of stylish condos adds trilevel townhouse living in Southern California's hip Venice district.

Boston Boasts Steady and Strong Multifamily Demand

Tue, 27 Dec 2011 05:20:22 EST

All signs point to a profitable future for Boston’s multifamily sector.

What Recession? Young Developer Delivers First Project Despite the Odds.

Tue, 26 Jan 2010 01:51:24 EST

Fewer units are coming online these days, but one development newcomer in Southern California is determined to defy the odds. The 27-year-old just completed his first mixed-use deal and has begun work on a second.

A Steam Plant-Turned-Condominium Welcomes Residents in Queens, N.Y.

Tue, 27 Dec 2011 05:08:49 EST

A turn-of-the-century steam plant now houses upscale condos in an up-and-coming Queens, N.Y., neighborhood.

Condo Associations Face Financial Difficulties

Tue, 27 Dec 2011 05:10:55 EST

As more and more condo owners and developers across the country fall into bankruptcy, their associations are suffering right along with them.

Condo Associations Face Financial Stress

Thu, 10 Sep 2009 11:35:41 EST

The Maison-Grande Condominium in Miami Beach, Fla., kept getting fines from the local government for various code violations. Its garage, carpets, air conditioning system, sprinkler system, and roof all required attention, but the association said it couldn’t address any of these issues because it owed more than $110,000 a month to the building’s former developer, Coral Gables, Fla.-based Dorten and Robert Siegel. So, in June the condo association declared Chapter 11 bankruptcy.

South Florida Braces for Hurricane Season That May Cause Deeper Distress

Tue, 21 Jul 2009 02:24:23 EST

If the unprecedented number of real estate foreclosures didn’t hurt South Florida, the upcoming hurricane season likely will. A large Category 4 or 5 storm could wreak more than structural havoc on empty buildings; some believe the financial damage and related insurance, repair, and demolition costs could send Florida’s economy into an even deeper state of distress.

Luxe Condo Offers Amazing Atlanta Views

Fri, 29 May 2009 10:55:08 EST

Luxe, an Atlanta condo, capitalizes on its sweeping city views.

Quick & Quirky: March 12, 2009

Fri, 29 May 2009 12:00:07 EST

MULTIFAMILY EXECUTIVE Senior Editor Chris Wood rounds up interesting and intriguing news tidbits. This week: goodfellas, accidental evictions, and a street with no name.

Condo Absorption is Slow but Steady

Fri, 24 Apr 2009 05:22:54 EST

New condo players in Boston aren't exactly in the fast lane toward property stabilization. Absorption rates in the city are averaging out at approximately one per month. Still, that's a better rate than the one unit per two months seen in Boston's suburbs. And both are better than zero sales.

Condo Absorption is Slow but Steady

Fri, 24 Apr 2009 05:22:08 EST

Strong Future for Austin Multifamily Market

Tue, 21 Apr 2009 10:29:48 EST

Austin, Texas, apartment market attracts investors with a long-term outlook.

Occupancy, Rents Drop in Oversupplied Markets

Fri, 17 Apr 2009 03:01:40 EST

Oversupply is just one problem in bad markets such as Miami, Phoenix, Las Vegas, and Los Angeles.

Facelift: BellTell Lofts Renovation

Fri, 2 Oct 2009 09:44:11 EST

The timing couldn’t have been better for New York City-based development company Clipper Equity, which was in the market for a condo conversion project in Brooklyn. The NY Telephone Building immediately caught their eye.

Steep Fall: Multifamily Starts Hit Record Lows

Fri, 24 Apr 2009 05:20:23 EST

The National Association of Home Builders (NAHB) reported yesterday that multifamily starts fell nearly 28 percent to a rate of 119,000 units-the lowest number the trade association has ever recorded.

Miami-Area Properties Fall 43% in 2008

Fri, 24 Apr 2009 05:19:02 EST

Has the bottom hit the South Florida condo market? It's hard to imagine how much lower things can go.

A High Price

Tue, 21 Apr 2009 10:20:55 EST

In Volusia County, Fla., a developer of a 500-square-foot studio apartment pays the same in school impact fees as the developer of a 5,000-square-foot unit. Hardly seems fair, does it? That's what Arthur C. Nelson, a presidential professor in the College of Architecture + Planning at the University of Utah and director of the Metropolitan Institute at Virginia Tech, says.

A New Front Porch

Thu, 1 Oct 2009 04:12:31 EST

Phoenix, Ariz.-based JAG Development adopted a design style popular in Amsterdam to bring a sense of community and efficiency to its newly completed Portland 38 project.