The influx of people moving to Texas is strongly related to statewide housing affordability, according to a new report from RentCafé. A housing-related concern is the No. 1 reason people move, with more than half of those who relocated last year naming that as the impetus to RentCafé. A work-related relocation came in second, at 18%.
Locally-based Cronin Development secured $371 million in construction financingjoint venture equity for the development of the St. Regis Residences, a 22-story condominium tower thats being built on one of the last developable waterfront parcels in downtown Boston.
A planned Seaport luxury residential tower that has been criticized for its impact on Bostons waterfront accessibility moved closer to reality Monday at its groundbreaking.
Texas is at the heart of car country,Dallas-Fort Worth is no exception. Due to the spread-out nature of the metroplex, getting around via automobile is more a necessity than a choice, even for apartment renters. While in many cities it is advantageous for developers to build near new or existing public transit lines such as in Washington, D.C. or Boston, developers in D-FW look to build adjacent to new or expanded commuter routes.
The first tower at one of Boston’s largest residential developments topped off Tuesday morning,the developer hinted at how his design ethos differed from that of the real estate developer who currently occupies the White House.
Blackstone is set to swallow up another massive New York apartment complex in a deal that, once completed, would stand as the second largest single multifamily sale in the state this year.
Brookfield Asset Management Inc. & Fairfield Residential marked the final closing on their Brookfield Fairfield U.S. Multifamily Value Add Fund III with total equity commitments raised of $1 billion, another sign of investor demand for U.S. apartments that can be refurbished to boost returns.
More than 45,000 apartment units have been added to the greater New York market since 2016, and multifamily vacancies remain below 3 percent, suggesting a healthy appetite for more. And another supply wave is coming, as more than 60,000 units are under construction in metropolitan New York, with about 7,000 of those concentrated in Long Island City.
