LCOR Residential does condos in GothamA regional developer gets nearly $160 million in financing forluxury condos in Manhattan.
New York – At a time of steeply rising materials costs, condominiums may be the only product type to pencil out when it comes to building multifamily projects in some markets.
Why some apartments earn top rents The most expensive new rental buildings in the country are often not the fanciest places to live.
To find the best finishes in a rental unit, you shouldn’t try one of Manhattan’s new apartment buildings – the units may be nicer at a top project in an up-and-coming market like Philadelphia. And to find the best services in a rental community, you might
Apartments, condos transform historic buildings in St. Louis A new baseball park ignites a spark in this city’s central core, encouraging mixed-use projects andluxury conversions.
St. Louis – On a sunny spring day here recently, more than 50,000 people packed the brand-new $365 million Busch Stadium, kicking off the baseball season and ushering in a new era for the city’s long-neglected downtown.
Apartment outlook bright for 2006
In a lively discussion before an audience of more than 100 developers and owners from around the nation, Apartment Finance Today magazine’s Editorial Advisory Board painted a positive picture of the outlook for multifamily housing in 2006.
Condos come to Stamford One successful project led to another for developers who worked carefully with local government.
Stamford, Conn. – Developers did so well with the first condominium project in decades in this old mill town that they’ve already started work on a “sister project” almost exactly like the first.
Sunny outlook for apartment owners Strong demand and constrained supply should help multifamily housing owners raise occupancy rates and rents in many major U.S. cities.
Favorable economic factors, strong demand for rental housing and sluggish construction of new apartment units are among the positive factors apartment owners and investors can bet on this year.
Apartments, condos join downtown L.A. revival Huge entertainment and mixed-use projects as well as new housing opportunities are changing the way people see the central business district.
Los Angeles – This sprawling city is beginning to find its heart.
Parkchester saved from decayOnce nearly bankrupt, this Bronxdevelopment is back in sound financial shape and looking better allthe time.
The 12,271 units at the Parkchester are fully occupied for what may be the first time in decades.
Sky-high home appreciation entices condo converters to Inland Empire Investment expected to stay strong despite glut of new units and weakening fundamentals.
Although the Inland Empire is well-known as a low-cost locale in Southern California, the region’s growing employment base and new retail offerings are luring condo converters and residents away from the coastal areas.
Baby boomers buy up condos as second homesExperts have spent a lot of time planning waysto lure baby boomers into multifamily housing projects.
The best way to bring some of the approximately 77 million baby boomers into your multifamily project may be to sell them condominiums to use as second homes.