A former insurance salesman and his partners plan to transform a boarded-up apartment house they bought last year near Staples Center into a hotel with as many as 60 rooms. A century-old brick apartment house and former drug den near Staples … Continue reading
What to Build Now
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Rumor has it that the first apartment community featuring wood podium construction was completed somewhere in Arizona last December. Design-wise, it’s still under investigation, but wood podiums may represent a large paradigm shift in the way rental properties are built … Continue reading
Challenges to Multifamily Investment and Development on the Global Stage
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In the United States, the multifamily sector of commercial real estate has been hot, fairing extremely well coming out of the global economic meltdown and looking promising for the foreseeable future. There are more people ready to rent than there … Continue reading
MARKET SNAPSHOT: Multifamily Construction Takes Off in New Orleans, Aided by Boosts in Tourism and Job Growth
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New Orleans—The Big Easy witnessed solid economic recovery and population growth in 2011, as 10,500 new jobs were added and the overall population grew by 2 percent. The local unemployment rate currently stands at 7 percent, 130 bps below the … Continue reading
King County homes reach record affordability
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King County homes reached record affordability at the end of last year, as increased sales failed to buoy prices. Sales of existing homes in the fourth quarter were up by a seasonally adjusted 6.5 percent from the third quarter and 10.6 … Continue reading
Amazon to buy Denny Triangle property; plans 3 big office towers
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In one of Seattle’s biggest real-estate deals in years, Amazon.com has agreed to buy three blocks from Clise Properties and plans to build a 1 million-square-foot office tower on each. In one of Seattle’s biggest real-estate deals in years, fast-growing Amazon.com has … Continue reading
Knight Frank Predicts Even Split of Global Prime Residential Market Growth in 2012
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According to London-based real estate firm Knight Frank, prime global city markets in 2012 are likely to outperform their mainstream national counterparts, but don’t expect all prime residential markets to deliver positive growth. Knight Frank tells the World Property Channel that before … Continue reading
Paladin Realty Partners Enters Colombian Real Estate Market With Multi-Million Dollar Investment
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One of Latin Americas’ leading real estate investors and developer, Paladin Realty Partners, announced this week that their Paladin Realty Latin America Investors III, LP fund has finalized its first investment in Colombia. Paladin Realty Partners (USD) $18 million initial … Continue reading
Apartment Projects Ramp Up in N.J., Aimed at Rentals
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Rental apartment construction in New Jersey is poised for a resurgence in 2012 with more than 2,000 apartments expected to hit the market by the end of the year. During the past decade, New Jersey’s coastline was transformed by a … Continue reading
Secrets of a Post-Recession Redesign Success
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Playa Vista, Calif.—The design plan for KB Homes’ Primera Terra, a 52-residence luxury condominium property that made its debut several months ago in the West Los Angeles neighborhood of Playa Vista, was forced to change with the times and now … Continue reading