Development: Page 7

  • Five-story brown, modern apartment building with balconies on the corner.
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    Permission granted by JPI
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    JPI-Sumitomo deal closes

    Sumitomo’s projects would make it the No. 6 developer in the country.

    By • Dec. 11, 2023
  • Van Nuys sign
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    Laser1987 via Getty Images
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    Developer files for bankruptcy on California project

    In addition to the 180-unit deal in Van Nuys, FMB Development defaulted on a Los Angeles project in October.

    By • Dec. 6, 2023
  • A block of apartment complexes Explore the Trendlineâž”
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    Arturo Rosenow via Getty Images
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    Trendline

    Top 5 stories from Multifamily Dive

    A roundup of some of Multifamily Dive’s top stories of 2024.

    By Multifamily Dive staff
  • An outdoor pool and lounge area.
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    Permission granted by The Bainbridge Cos.
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    PROJECT SPOTLIGHT

    Bainbridge opens 252 units near Orlando’s Lake Nona

    Bainbridge Nona North is located next to the Orlando International Airport.

    By • Dec. 5, 2023
  • Orange apartments leasing sign
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    Michael Vi via Getty Images
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    Deep Dive

    Heavy concessions are helping renters move up

    In what has been a surprise to both executives and analysts, effective class B rents have been falling in high-supply markets.

    By • Dec. 5, 2023
  • Headshot of Linda Zarifi
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    Permission granted by Zarifi Design
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    Thought Leaders: November 2023

    An apartment owner, a CRE expert, a design pro and more talk about their latest challenges and successes.

    By Multifamily Dive Staff • Nov. 30, 2023
  • A render of a new building, covered in brown brick, amid a blue sky. People walk around it.
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    Retrieved from Colman Yards project site on November 22, 2023
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    DEALS + STARTS

    Work begins on $430M Colman Yards mixed-use project in Illinois

    The 10-year plan from developer J. Jeffers & Co. includes 900 multifamily units and 130,000 square feet of commercial space.

    By Matthew Thibault • Nov. 30, 2023
  • A red construction frame in front of a high-rise building under construction.
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    JARAMA via Getty Images
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    Apartment starts plummet nearly 32%

    Completions of new buildings rose 14.3% as supply became a bigger issue in some markets.

    By • Nov. 27, 2023
  • A woman putting laundry into the dryer
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    Goodboy Picture Co. via Getty Images
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    Opinion

    NMHC survey reveals renters’ top preferences

    Prospects are most drawn to practical features such as air conditioning and in-unit washers and dryers, according to a new report.

    By Sarah Yaussi • Nov. 27, 2023
  • Two mid-rise apartment buildings separated by a parking area.
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    Permission granted by Ascendant Development
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    PROJECT SPOTLIGHT

    Ascendant Development expands its Dallas-area footprint

    Haven at Mansfield adds 257 units to a strong, high-growth submarket.

    By • Nov. 21, 2023
  • A city skyline with apartments.
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    Mlenny via Getty Images
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    Rents continue falling amid recession concerns

    Northeast and Midwest markets are growing, while the West and Sun Belt see rent declines related to new supply.

    By • Nov. 20, 2023
  • A two-story apartment property at dusk, surrounded by roads and cars.
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    Courtesy of Toll Brothers Apartment Living
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    DEALS + STARTS

    2 Toll properties break ground a week apart in Arizona

    With Navona and Lumara underway, the firm’s multifamily division now has four properties and 1,317 units in its Phoenix metro pipeline.

    By • Nov. 17, 2023
  • Photo looking up at high rises and Wall Street sign.
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    franckreporter via Getty Images
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    REIT Report

    EQR reports strength on the East Coast

    Washington, New York City and Boston thrive, while Seattle and San Francisco struggle. 

    By • Nov. 16, 2023
  • Downtown skyline view of high-rise buildings in Phoenix, Arizona.
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    4kodiak via Getty Images
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    Phoenix office-to-apartment conversion goes to foreclosure

    The former BMO Harris bank tower could be auctioned later this month after the owner defaulted on a $71.3 million loan.

    By • Nov. 15, 2023
  • Concept rendering of the proposed City of Telosa.
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    Permission granted by BIG and Bucharest Studio
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    Billionaire-planned smart cities in the US: What’s the latest?

    To date, most of these grand plans have made little progress and face scrutiny from residents, local governments and states.

    By Adina Solomon • Nov. 14, 2023
  • Wood-framed apartment building under construction.
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    Maudib via Getty Images
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    ‘Mild recession’ expected to dampen future multifamily deliveries

    Tight financing, economic weakness and record levels of new supply are taking a toll on construction estimates, Yardi says.

    By • Nov. 14, 2023
  • A lobby area with white chairs. Someone is behind the front desk and another person is walking a dog.
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    Tom Harris

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    How to integrate the arts into new multifamily projects

    Developers are engaging current and potential residents by featuring original work from local artists and offering creative amenities.

    By • Nov. 13, 2023
  • A view of the buildings at Florida State University from the observation deck of the Florida Capitol building.
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    Michael Warren via Getty Images
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    DEALS + STARTS

    Landmark assembles 20 parcels for Florida project

    The developer is building an 859-unit luxury student housing project in Tallahassee.

    By • Nov. 13, 2023
  • A three story apartments with palm trees outside on a blue sky sunny day.
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    rgaydos via Getty Images
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    Sponsored by Apartments.com

    Mid-priced apartments drive a potential multifamily recovery

    The multifamily market has begun to approach stabilization in the third quarter. However this normalization trend has shown stark divides among property classes. 

    Nov. 13, 2023
  • A rendering of a four-story new apartment building next to a river.
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    Permission granted by Flaherty & Collins
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    Q&A

    Public-private partnerships help fill Indianapolis developer’s pipeline

    Flaherty & Collins Properties has carved out a niche as a company that helps Midwestern towns attract new residents.

    By • Nov. 10, 2023
  • An apartment building with a wide base.
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    Permission granted by Lawrence Group
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    DEALS + STARTS

    St. Louis mixed-use development adds 270 units in second phase

    The $125 million Vande East at City Foundry adds to a retail property completed in 2021.

    By • Nov. 10, 2023
  • Aerial view of white apartment building.
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    Permission granted by Eden Multifamily
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    DEALS + STARTS

    Eden sells new Florida property for $73M

    The developer was able to move the asset ahead of schedule without advertising widely.

    By • Nov. 9, 2023
  • A rendering of a large dormitory.
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    Permission granted by University of California at Santa Barbara
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    UC Santa Barbara cancels ‘Dormzilla’

    A separate 2,250-bed project is now planned for the site originally intended for the controversial Munger Hall.

    By • Nov. 8, 2023
  • A tall building with "Fiat House" written on the side.
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    Permission granted by Unlmtd Real Estate
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    Automaker Fiat lends name to New Jersey apartments

    Fiat House, located across the Hudson River from Manhattan, will offer electric vehicles for resident use.

    By • Nov. 8, 2023
  • A living room with a couch and a bedroom behind a partition.
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    Permission granted by Mary Cook Associates
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    For model units, demographic appeal is key

    Here’s how apartment owners can zero in on the look that best fits their property.

    By • Nov. 6, 2023
  • A rendering of a 47-story tower as seen from above.
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    Retrieved from Lendlease on August 15, 2023
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    Lendlease, Google kill $15B Bay Area project

    Citing current market conditions, the Australian construction giant said both companies agreed the development was no longer mutually beneficial.

    By Joe Bousquin • Nov. 6, 2023