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Multifamily managers are gearing up to swoop in and save distressed assets as an increasing number of overleveraged owners realize they simply can’t hang on any longer. Here’s what you need to know to
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119th and Third in East Harlem, N.Y., was designed for upscale buyers but was switched to rentals this past May due to the tough economy.
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Thanks to digital technology, climate change concerns, and corporate layoffs, demand is rising for homes that accommodate today's entrepreneurs.
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Addison, Texas-based Behringer Harvard dominated the 2009 multifamily transaction arena by deploying capital from its Multifamily REIT free from legacy assets.
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No one knows how 2010 will play out, but as we head into the new year, industry watchers are eyeing a number of big trends. Here are the top five predictions for the coming year.
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Not surprisingly, a third-quarter Mortage Bankers Association (MBA) report says delinquencies rose in the multifamily business (and all of commercial real estate) from the second to third quarters. While the 90-day-plus delinquency rate on Freddie Mac remained unchanged, Fannie Mae’s 60-day-plus...
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All but 12 communities nationwide saw declines in construction employment between September 2008 and September 2009, according to a recent study.
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At long last, Las Vegas’ highly-anticipated CityCenter opened it doors this week to much fanfare. The $8.5 billion live/work/play mega-complex is billed as the largest privately-funded project in the country and considered an enormous gamble for a city that’s been struggling to stay afloat since...
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Some of the biggest public apartment owners in the country saw increases in move outs for homeownership in the third quarter. Add in the extension of the homebuyer tax credit and home prices continuing to decline, and it might make sense that a flood of renters move out for homeownership into 2010.
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Current multifamily starts by regional operators we’ll likely hit the market just ahead of stock getting ready to be developed by some of the industry’s major realestate investment trusts (REITs), who are seeking similar opportunities in delivering product to supply-constrained markets on the...