Multifamily Operators Battle Fraud, Labor Shortages on the Front Lines, Say InterFace Panelists

CHARLOTTE, N.C. — Property managers are navigating a minefield of issues in today’s apartment market. Analyzing renter applications for fraud, collecting overdue rent and turning over units from freeloading tenants are all in a day’s work for savvy apartment operators.Amanda Kitts, senior vice president of property management at Northwood Ravin, a multifamily owner and operator based in North Carolina, said that part of the role of an operations professional today entails poring over …

Amid Increased Demand, Many Multifamily Owners Turn to Third-Party Operators

In 2020, the multifamily marketplace took an unprecedented hit thanks to the global pandemic. Unemployment and layoffs were rife, rent moratoriums were put in place to safeguard against mass evictions, and multifamily investment and new builds took a nosedive. However, as the country has started to emerge from the throes of COVID-19, the marketplace has entered a banner period of growth with forecasts indicating that the number of apartments nationwide will grow by an additional 4.5 million by …

Retail Concepts Have to Reinvent Themselves to Stand Out, Say EEE Panelists

LOS ANGELES — After a two-year slog through COVID-19, consumer demand for shopping, dining and entertainment experiences has become a cresting tidal wave ready to descend upon the shore.The term “pent-up” is frequently used to describe this mentality, but industry professionals know that cliché doesn’t really do justice to the degree of concentrated demand for just about any form of dining out, barhopping, gaming and fraternizing. To this end, the National Retail Federation (NRF) …

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

Lee & Associates’ newly released Q1 2022 North America Market Report scrutinizes first-quarter 2022 industrial, office, retail and multifamily outlooks throughout the United States. This class-by-class review of commercial real estate trends for the first quarter of the year focuses on how real estate is adjusting to long-term post-COVID attitudes.Lee & Associates has made the full market report available here (with further breakdowns of factors like vacancy rates, market …

Electric Vehicle Manufacturing Powers Real Estate Activity Along I-85 Industrial Corridor, Say InterFace Panelists

CHARLOTTE, N.C. — The Southeast has long been home to automotive giants such as Honda, Hyundai, Toyota and Mercedes-Benz, as well as their large network of suppliers. In 2021, BMW led the nation in automotive exports by value, the eighth consecutive year the German automaker held that distinction.BMW produced and exported $10.1 billion worth of cars and SUVs from its mega campus in Spartanburg, S.C., last year, and the company recently announced two new facilities — one on its campus …

How to Dispute Unfair Multifamily Property Assessments in Six Steps

Property tax systems vary from state to state across the country, with differing procedures in each assessor’s jurisdiction. Complicating things further, the personalities of assessors and their staff influence the way they interact with property owners or their agents.It is the responsibility of the property owner or their agent to learn and adapt to the procedures and behaviors at work in their assessor’s offices. However, there are universal pre-emptive steps that property owners in …

Utilizing Tax Credits to Create Affordable Housing in High-Opportunity Communities

  The Section 42 Low-Income Housing Credit program has been America’s primary tool in the effort to construct affordable homes for low- and moderate- income households and ease renter cost burdens since 1986. This public-private partnership has created or preserved more than 3.1 million rental units, accounting for over 30 percent of the nation’s affordable housing stock.Congress is considering legislation that would materially expand and strengthen the tax credit …

I-85 Corridor Markets See Explosion of Industrial Development, But InterFace Panelists Wonder if Housing Will Follow

CHARLOTTE, N.C. — During the closing panel at France Media’s InterFace I-85 Industrial Corridor conference, brokers from the major markets along the 666-mile interstate gave updates about developments and opportunities in their territories.Brockton Hall, vice president of Colliers’ Upstate South Carolina office, said that the Greenville-Spartanburg industrial market in South Carolina had 16 million square feet of industrial space under construction, which represents an inventory …

Los Angeles Industrial, Retail: Overlapping Industries Adapting to Post-Pandemic Change

As the pandemic recedes, unusual supply and demand trends have taken root in retail and industrial markets throughout the nation. Factors that caused upheaval even before the arrival of COVID — the changing face of retail due to e-commerce and the growing demand for industrial real estate — continue unabated two years past the pandemic lockdowns. Los Angeles County may act as a bellwether for the rest of the country in retail and industrial trends, especially in high-cost, high-density …

Retail Done Right: Meeting the Demands of Pandemic-Induced Population Migration

By Kenneth Katz, co-founder and principal, Baker-KatzThe COVID-19 pandemic has reshaped the commercial real estate landscape, and retail has been no exception.Over the past two years, Americans have flocked to rural and suburban communities on the outskirts of major cities, seeking lower living costs and a better quality of life. An uptick in demand for residential real estate followed, and hot on its heels came increased demand for new retail and restaurant spaces to serve growing …

Content Partners
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‣ Bohler
‣ Lee & Associates
‣ Lument
‣ NAI Global
‣ Northmarq
‣ Walker & Dunlop

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