US Lost Over 500,000 Affordable Apartments During Pandemic
The United States has lost more than half a million affordable housing units since 2020, roughly 8 percent of the nation’s total, even as the nation’s affordable housing crisis continues to intensify, according to a report from Moody’s Analytics. Two primary factors led to this loss. First, many of these affordable properties were funded by Low Income […]
200 Apartments, 50 Hotel Rooms Set to Rise in LA’s Growing Warner Center District
The wave of commercial real estate investment and development continues to rise in the Warner Center district in Los Angeles’ San Fernando Valley. A joint venture of Lyon Living, Paloma Communities and Urban Stearns acquired a 1.2-acre mixed-use development site in Woodland Hills, with plans to demolish the existing 22,625-square-foot warehouse to make way for […]
How Much Does It Cost to Build a House?
It can be a rocky road to your dream home. You’ve got to navigate the ups and downs of the real estate market, keep your eyes peeled for new listings, zoom from one prospect to the next, evade escalating bids and all-cash offers, and—after all that—compromise on your list of must-haves. At some point, you […]
Commercial Real Estate’s Troubles Offer Opportunities for Investors: Panelists
It’s no secret that the commercial real estate industry is struggling. The Federal Reserve has hiked interest rates to their highest levels since 2007. The collapse of First Republic Bank last week represented the second-largest commercial bank failure in American history. SEE ALSO: Miami Developers Tout Celebrity Chefs, Private Dining in Crowded Luxury Market But, through all […]
New Reports Indicate Multifamily Sector Returning to Normal
A pair of research reports indicate that the multifamily sector is stabilizing and providing some level of normalcy for investors in the early months of 2023. New data from Yardi Matrix and CBRE (CBRE) highlights a slight increase in national rents over the last month and points to an ease in vacancy rates and an […]
Simon Property To Spend $1.5 Billion Building 2,000 Apartment Units, Hotel Rooms
Simon Property Group, the nation’s largest mall owner, expects to spend roughly $1.5 billion building 2,000 multifamily units and hotel rooms as it looks to add density and expand some of its retail properties in new ways. The Indianapolis-based landlord estimated it will have construction of the projects completed over a five-year span, CEO David Simon […]
LE: Marriott, Hilton dominate U.S. construction pipeline
In the recently released U.S. Construction Pipeline Trend Report from Lodging Econometrics (LE), analysts detailed the leading franchise companies and their brands in the construction pipeline at the close of the first quarter. Marriott International tops the charts with the greatest number of projects in the U.S. hotel construction pipeline with 1,499 projects/181,377 rooms, followed closely by […]
Hotelier Finds Market Challenging as It Tries To Refinance, Sell Off Properties
Ashford Hospitality Trust, a U.S. hotel owner that has been grappling with financial troubles since the onset of the pandemic, is seeking to hold debt on its portfolio as executives negotiate with lenders on two loan maturities this year. The commercial real estate industry faces a glut of loans coming due, and analysts have forecast a growing […]
LA’s Multifamily Market Takes Its Hits: Apartment Sales, Values Drop
Investors and developers are wary of Los Angeles County’s multifamily rental market — which includes 3.3 million households — as it sustains blows from the larger economic reset, high inflation and rising borrowing costs. The number of units sold in L.A. in the first quarter fell almost 11 percent compared to the final quarter of […]
