Multifamily
After a quiet first half of 2024, CMBS originations increased 59 percent in Q3 on a year-over-year basis, according to the Mortgage Bankers Association’s Quarterly Survey.
Conversions of office buildings for residential uses are becoming increasingly viable in some regions. According to Steven Paynter, a principal at Gensler who leads the firm’s global building transformation and adaptive use practice, office-to-residential conversions are viable in 25–30 percent of the buildings his team analyzes.
The ULI Terwilliger Center for Housing has announced two winners for this year’s Jack Kemp Excellence in Affordable and Workforce Housing Award, as well as two winners for the Terwilliger Center Award for Innovation in Attainable Housing.
The Institute’s Terwilliger Center for Housing has selected the state of Florida’s ‘Live Local Act’ as the winner of the 2024 ULI Robert C. Larson Housing Policy Leadership Award
As the Fed began a series of rate hikes in 2022, the apartment market went from one of frenzied growth and optimism to a market characterized by decline, be it declining sales volume, declining occupancy, or declining values. As we near year’s end, stability and even positive momentum have begun to take hold, and there is good reason to expect them to carry into 2025 with the return of large, open-ended funds and an improved debt environment.
The U.S. multifamily market was on fire in 2021 and 2022, a time when rent growth hit record highs due to soaring demand. But the market has since come back down to Earth as fundamentals stabilized. Now, amid ongoing high interest rates, heightened deliveries of supply, and deceleration of job growth, many multifamily investors are exploring different strategies to diversify their portfolios, add revenue, take advantage of opportunities, and maintain a competitive edge.
Surge: Coastal Resilience and Real Estate, a ULI research report, documents the challenges associated with coastal hazards such as sea level rise, coastal storms, flooding, erosion, and subsidence, and provides best practices for real estate and land use professionals, as well as public officials, to address them.
Northern Mexico has experienced a significant expansion in the Mexican industrial real estate sector since its major decline from the late 1990s to the early 2000s, due, in part, to low-cost production in China. During the pandemic, that trend began to shift.
Amblebrook, an innovative retirement community in the historic setting of Gettysburg, Pennsylvania, was specifically designed to remedy this social disease. It shatters the mold of the conventional 55-plus community.
Spanning 80 acres (32.4 ha) and 1 million square feet (93,000 sq m) of industrial space, The Works is located off Chattahoochee Avenue, a once-quiet industrial corridor on the west side of Atlanta. This pocket of the city—now known as the Upper Westside with a new CID to prove it—has seen explosive growth since plans for The Works were announced in 2017.