Violent downtown protesters are beginning to make their mark on apartment operations in Portland. Wood Partners has one community two blocks from the main protesting area near a federal building and its Managing Director Steve Hallsey says many of the homeless who had lived in that area have relocated to his apartment buildings neighborhood. “We…
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As jobs recover, the fraction of purchase contract terminations has started to decline again.
DALLAS, TX – Gardner Capital, a family-owned private equity firm specializing in multifamily housing and renewable energy development and investment, recently completed an upscale senior living community in the heart of Sugar Land. With 93 brand-new units, Gala at Four Corners was designed for active seniors ages 55 and up. Gardner Capital developed Provision at…
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The coronavirus pandemic has heavily hit the demand for commercial real estate: multifamily, office, retail, and hospitality/lodging. The long-term effect on the demand for commercial space is still unraveling. This survey is intended to gather information on the impact of the pandemic on renters and landlords alike on key indicators such as rent payment received,…
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Layoffs are still happening, with 1.4 million new filers for unemployment insurance, an increase of 110,000 from the prior week. This seems to be because of the re-closing of business activity in some states (such as no indoor dining).
CLEARWATER, FL – McShane Construction Company recently completed the construction of 1100 Apex, an adaptive reuse, mixed-use apartment residence in downtown Clearwater, Florida for GSP Development. Positioned on a 2.1-acre site at 1100 Cleveland Street, the development was originally constructed as an office building in 1972. After several failed redevelopment attempts in the early 2000…
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I am a whole-hearted believer in the power of employee feedback to help companies understand their team members’ collective experience. It allows leaders to gain clarity on what’s working well and what is getting in the way of employee engagement and overall business performance. Employee feedback is only valuable, however,…
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Interest rates inched up slightly, to 3.02% on a 30-year fixed-rate mortgage, but they are essentially at near-record-low levels. The housing market is hot because of the lower mortgage rates, but the luxury market may remain soft due to jumbo loan issues.
DALLAS, TX – Gardner Capital, a family-owned private equity firm specializing in multifamily housing and renewable energy development and investment, recently completed a $25 million mixed-income multifamily apartment community in southwest Houston. Provision at West Bellfort, a 144-unit gated community created as part of the Hurricane Harvey recovery effort, is located in the Alief neighborhood…
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The evolving economy makes it tricky for property managers to consistently meet occupancy and meet revenue expectations. Digital tenant screening tools can save time and money by improving the application process and decisioning strategies, which benefits applicants and property owners. Establishing digital methods to rate relative risk of your applicants, maintain occupancy, and increase…
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