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Freddie Mac’s record year of $28.8 billion in new multifamily loans was spread somewhat equally across the country.
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Popular in student housing communities for some time, luxury items such as Wi-Fi, HD TVs, and interactive fitness facilities are starting to take hold at market-rate properties, as well.
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Pinnacle Housing Group replaced a troubled development in Miami-Dade County using $17 million in Neighborhood Stabilization Program funds.
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The developer received more in six months than the state awarded in total in the previous three years.
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The Sun Belt still claims most of the states with the highest number of new residents, according to recently released Census data.
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With more than 80 proposed condominium projects in the early planning stages in South Florida, it’s hard to believe that developers learned anything from their mistakes during the recessionary years.
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The condominium market is slowly starting to build, but developers are being much more careful in how they assess the demand.
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Development is starting to pick up in those markets that fell the hardest, such as the southern region of the Sunshine State.
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A couple of years ago, distress was the buzzword in the apartment industry. Now, as the recovery strengthens, distress is falling even farther.
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Think back a couple of years. Supply soaked Florida dominated the real estate headlines with foreclosures, distress, and investors fleeing from their downpayments. Now, national multifamily firms such as Alliance Residential, Gables Residential, and Wood Partners are making big building bets on the...