General Contractors Overcome Triple Threat of Rising Costs, Supply Chain Issues and Labor Shortages

By Kristin Hiller The combination of a spike in material costs, disruptions in the supply chain and a lack of available workers has created a difficult building environment for general contractors. “It’s no secret that there are pressure points on our industry right now,” says Kinjal Patel, general manager and senior vice president for Lendlease Construction in Chicago. “The challenges we’ve faced the last couple years around supply chain disruption and rising materials and labor …

August 11, 2022Features, Heartland Feature Archive

Lee & Associates’ Second-Quarter 2022 Economic Rundown by Sector

Rising interest rates, inflation and general economic uncertainty altered the patterns and outlooks for the industrial, office, retail and multifamily sectors across the United States. As Lee & Associates’ recent Q2 2022 North America Market Report reveals, certain sectors like industrial and multifamily, that were white hot last year, have begun to cool slightly. Meanwhile, retail is making historic gains in the face of decreasing interest in ecommerce. The full Lee & Associates …

August 10, 2022Content Partner, Features, Industrial, Leasing Activity, Lee & Associates, Life Sciences, Midwest, Multifamily, Northeast, Office, Retail, Southeast, Texas, Western

Yardi Matrix Report: Institutions Will Own 40 Percent of All Single-Family Rentals by 2030

SANTA BARBARA, CALIF. — Institutional capital investment in single-family-rental (SFR) acquisitions and build-to-rent (BTR) projects is growing by leaps and bounds. Institutions funded $2.5 billion in SFR acquisitions in 2021 and committed more than $60 billion in capital to buying single-family rental homes over the past year, according to Yardi Matrix’s new report, "Build-to-Rent Fuels Growth in Institutional Single-Family Rental Market." By 2030, Institutions are expected to own about …

August 8, 2022Build-to-Rent, Features, Single-Family Rental

How to Design, Develop Mixed-Use Projects for the ‘Live-Work-Play’ Consumer

By Nicholas Haines, CEO, Bromley Cos. The desire to live close to everyday retail destinations — grocery stores, restaurants, gyms — isn’t new. But demand for this type of amenity has become increasingly popular with the rise of mixed-use developments. Think about when you go on vacation. You pick a hotel or rental property that’s close to activities you want to do, sights you want to see or places you want to eat. Now, people are beginning to crave that same convenience in …

August 4, 2022Features, Mixed-Use

The Cost of Creature Comforts: What Multifamily Amenities Are Renters Most Willing to Pay For?

By Sarah Yaussi, vice president of business strategy, National Multifamily Housing Council What do renters want now? You might think that the latest and greatest tech upgrades would be at the top of their wish lists, or that fancy fixtures and finishes would be a powerful differentiator when choosing among their rental options. In reality, however, the most valued apartment features and community amenities for the 250,000 or so renters surveyed in the 2022 NMHC/Grace Hill Renter Preferences …

August 2, 2022Features, Multifamily

Proptech Improves Employee, Asset Performance While Giving Residents the Autonomy They Demand

By Stacey Darden, senior director of innovation and compliance, New Standard Equities In the multifamily industry, we rely on technology to increase productivity and to help us make strategic decisions. Technology allows information and data from various sources to be collected and organized in a way that is easy to understand. Rather than looking at different reports to form an educated decision, technology can help synthesize data into predictive analytics based on historical activity …

July 29, 2022Features, Multifamily

Office Space Is Back in Demand — With a Wellness Component

By Michael Brumley, Project Executive, Kiewit Building Group AT The pandemic sent ripple effects throughout the construction industry. Along the way, it also heavily influenced and impacted the way employees in the workforce now operate and interact. With COVID prompting a shift in remote work, many are wondering if it’s beneficial to go back to the office full-time, adopt a hybrid approach or forgo investing in office space altogether. There are many justifications for investing in …

July 28, 2022Features, Office, Western Feature Archive

Universal Design Strategies Foster Intergenerational Living in Multifamily Communities

By Carol Cole, director of interior design, DAHLIN Group Architecture AT Intergenerational households are growing at a faster pace than they were pre-pandemic. Generations United, a nonprofit dedicated to supporting intergenerational programs and policies, estimates that 66.7 million U.S. adults live in a multigenerational household, with nearly 57 percent of this statistic spurred by COVID. Even after the immediate impacts of the pandemic subside, intergenerational living will remain …

July 26, 2022Features, Multifamily, Seniors Housing, Western Feature Archive

Retail Design Adapts to New Technology, Consumer Behavior, Supply Chain Issues

It’s a challenging world right now. Inflation, rising interest rates, persistent supply chain lags and labor shortages are affecting the retail industry. That’s to say nothing of the always changing retail environment. But there are also consumers who are ready to put COVID behind them — who are looking for a reason to venture out, be entertained and spend some money (though maybe not as much money, thanks to inflation). You also have shopping center owners who are quite eager to …

July 21, 2022Features, Retail

Streamlining Permits and Entitlements: How to Avoid Timeline Creep

Developers have seen permitting and entitlement timelines lengthen exponentially over the past few years. What is causing increased timelines and how do developers overcome challenges and avoid unnecessary delays? If expanded timelines are inevitable in some cases, how can developers ensure that slowdowns do not spread to other aspects of development? Many municipalities have been overwhelmed by an explosion in projects and applications in the development queue, and the issues are compounded …

July 19, 2022Bohler, Content Partner, Development, Features, Midwest, Northeast, Southeast, Texas, Western