Tag: multifamily

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…
Read more

          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,…
Read more

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…
Read more

    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…
Read more

Housing market activity this June jumped 20.7% from May 2020, and June’s sales of existing homes dropped 11.3 % from June 2019.

Each of the four major regions achieved month-over-month growth, with the West experiencing the greatest sales recovery.

EL SEGUNDO, CA – Griffin Capital Company, a leading private alternative asset manager, announced the closing of its fourth land acquisition in a qualified opportunity zone. Legacy at Encore is the second joint venture multifamily community Griffin Capital is developing in partnership with Legacy Partners. Griffin Capital has identified nine multifamily properties partnering with five…
Read more

As an industry, multifamily runs one of the biggest sales teams in the country. This means that we must regularly evaluate our marketing and operations strategies to ensure that we’re investing in our leasing teams’ success in meaningful, technology- and data-driven ways.  The key to building a strong sales team in any industry will often…
Read more

HAMILTON, NJ – Total construction starts increased 6% in June to a seasonally adjusted annual rate of $641.4 billion. This marks the second consecutive monthly gain in construction starts following the COVID-19 induced declines in March and April. In June nonresidential building starts gained 6% and starts in the nonbuilding sector moved 27% higher. Residential…
Read more