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Multifamily

Five Steps to Smart Multifamily Investments

October 12, 2018 |

Home ownership rates have fallen in recent years due to rising home values and stricter underwriting standards. As a result of this and the increase in the number of people 34 and under—the prime rental age—more U.S. households are renting than at any … Read More

Bankers Are Worried About Sky- High Commercial Real Estate Prices

October 12, 2018 |

Janet Yellen recorded the warning a day before stepping down as Federal Reserve chair in February: Commercial real estate prices look strikingly high. Her successor, Jerome Powell, flagged it again a month later.

Analysts at Goldman Sachs Group Inc. tried … Read More

Detroit, Grand Rapids named among 100 best places to retire in the U.S.

October 11, 2018 |

Detroit and Grand Rapids were named in a list of the 100 best places to retire in the U.S.A. by U.S. News & World Report.

Grand Rapids was ranked number 6 and Detroit was ranked number 64.

Ranking criteria included … Read More

Average U.S. Rent Dropped $1 in September, According to Yardi Matrix Report

October 11, 2018 |

September 2018 marked the first time in eight months that U.S. multifamily rents did not increase. The $1,412 national average for the month represented a $1 drop from August and a 3.1% year-to-date increase; year-over-year rent growth remained unchanged at … Read More

Project with 360 apartments, 120-room hotel planned for east Detroit riverfront

October 9, 2018 |

A $136 million development on the east Detroit riverfront would bring 360 apartments and a 120-room hotel to the area.

It’s one of the latest in a string of waterfront investments attempting to capitalize on tens of millions of dollars … Read More

Hollywood reaches for the skies as building boom transforms downtown skyline

October 9, 2018 |

The building boom long courted by downtown Hollywood is finally here, reshaping the skyline in waves as developers line up with plans in hand.

The next wave: Parc Place, a three-tower luxury apartment project geared at the younger set, will … Read More

Southfield reissues RFQ for downtown development

October 5, 2018 |

The city of Southfield is looking for qualified developers to build a mixed-use development at its vacant 8.15-acre “EverCentre” property.

This is the second time a request was issued by the city to build a downtown at the corner of … Read More

Almost Every Apartment Being Built In DFW And Houston Today Is Luxury

October 4, 2018 |

Luxury living is flourishing in Texas. Only two places in the nation — the St. Louis and Las Vegas metros — were more active in high-end apartment construction last year than Dallas/Fort Worth and Houston. Nearly all — 98% in … Read More