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InterFace Phoenix Multifamily 2019

Western Real Estate Business and the InterFace Conference Group are pleased to announce the annual InterFace Phoenix Multifamily Conference on September 10th at the Hilton Scottsdale Resort & Villas. The big event will include those who are buying, selling, developing, redeveloping, or financing multifamily properties in the Arizona area. The conference will explore the latest trends in leasing, management and operations, as well as economic and demographic trends that impact the …

Mixed-Use and Apartments: Is There Still Room for Growth in the Twin Cities?

As a team, we work heavily in mixed-use leasing and development sourcing. Our team handles the commercial leasing on many mixed-use projects within the Twin Cities market, where we also source and find locations for mixed-use apartment developers. This article will give a current snapshot of the mixed-use retail and apartment market within the Twin Cities. What types of projects? There are many three- to six-story, podium-style apartment buildings popping up all over the urban areas of …

InterFace Multifamily Texas 2019

The leading owners, investors, developers and operators of multifamily property in the great state of Texas will come together to network on September 5th, 2019. The 8th annual InterFace Multifamily Texas conference will cover the supply/demand balance as well as share information about who is buying, building and financing apartment properties in Dallas, Houston, San Antonio and Austin. Speakers will also discuss trends in multifamily leasing, management and operations as they give insight …

Philadelphia’s Multifamily Market Can Withstand A Broader Economic Downturn

As we look toward the end of 2019, multifamily investment sales and mortgage banking transactions in the greater Philadelphia market are at an all-time high. For lifelong Philadelphians, it’s  exciting to witness the area’s longstanding foundation successfully take shape through numerous real estate projects in the city and its suburbs. The Philadelphia multifamily market continues to capture interest from a variety of capital sources. Berkadia’s Philadelphia team alone has $4.3 billion …

Up To the Challenge: Dallas Apartment Market Absorbs Record Levels of New Supply

In 2019, Dallas/Fort Worth (DFW) once again represents the nation’s top metro for job creation and net migration. These market conditions are occurring at an opportune time as more than 26,000 multifamily units have been completed throughout the market this year, marking a record wave of annual deliveries. This influx of new apartments will increase the metro’s rental inventory by 3.3 percent, yet robust demand for new supply allows net absorption to match delivery volume, lowering overall …

Demand for Higher-End Markets in Southwest Florida Helps Class B Market

As job growth supports a healthy economy in Southwest Florida, the region is experiencing major population growth, causing a surge in new Class A multifamily construction. The number of new construction Class A units in Southwest Florida has increased by nearly 150 percent year-over-year. In first-quarter 2018, there were 257 Class A units completed, and in first-quarter 2019, that number rose to 622. With this increased supply of Class A properties, there is now more demand in Class B …

Job Growth Fuels Apartment Demand in Cleveland Market

For the year ending in March, multifamily vacancy in the Cleveland metro area tightened to the lowest level since 2016, keeping annual rent growth climbing. Measured supply gains amid increased renter demand over the past four quarters have resulted in steady vacancy and rent improvement. These trends should continue over the next several quarters, holding vacancy below the 5 percent threshold. Favorable apartment operations are capturing investor attention. Demand for apartments is coming …

InterFace Seattle Multifamily 2019

Western Real Estate Business and the InterFace Conference Group are pleased to announce the Annual InterFace Seattle Multifamily Conference on August 15th. The big event will include those who are buying, selling, developing, leasing, redeveloping, or financing multifamily properties throughout the Seattle market. The conference will explore the latest trends in leasing, management and operations, as well as economic and demographic trends that impact the multifamily market in …

NYC Multifamily Investors Pivot to Find New Opportunities After Rent Reform Laws

On June 14th, the New York State legislature passed a series of stringent rent regulation reforms. The laws damaged property owners’ means of making money by strengthening tenant protections, capping rent increases and keeping units permanently stabilized. A quick Google search will explain the specifics regarding IAIs, J51s, eviction, buyouts, vacancy bonus and decontrol. In short, landlords will face rising taxes, higher water and sewer bills and elevated construction costs with no …

Houston Multifamily Occupancy, Rent Growth Return to Normal After Setbacks

Houston’s multifamily market has endured battles from all fronts in recent years: the oil slump, hurricanes, flooding, overbuilding in select submarkets, sluggish rent growth of late and lavish concessions to new renters that have been mainstays during this period. But the market now appears to be moving in the right direction with a sense of normalcy. From late 2014, when the oil downturn began, through the price bottoming in early 2016, Houston’s energy economy consistently made …

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