Tags: Multifamily

California gives BART control over development at its stations

California gives BART control over development at its stations

BART can draft plans to fill empty station parking lots with dense housing and shops, under a state law that Gov. Jerry Brown signed late Sunday. The bill empowers the transit agency to zone its properties — an estimated 250 acres of blank asphalt — and limits cities’ ability to delay or obstruct development. “We… READ MORE

Millennials are so last year: commercial real estate developers build with Gen Z in mind

Millennials are so last year: commercial real estate developers build with Gen Z in mind

Apartment rental ad of the future: one-bedroom, one-bath available. Materials sustainably sourced and eco-friendly. Construction workers were treated humanely while on job site. Welcome to Generation Z’s influence on commercial real estate. Multifamily and co-working locations will be earth-friendly. Increased food delivery demands will require larger commercial kitchens. Retail spots will become a place to do… READ MORE

Bay Area’s Housing Crisis Could Chase Facebook, Others Away

Bay Area’s Housing Crisis Could Chase Facebook, Others Away

High housing costs in Silicon Valley have at least one major tech company threatening to move elsewhere. Facebook Vice President of Communications and Policy Officer Elliot Schrage told investors during the company’s annual shareholders meeting that Bay Area housing costs need to be addressed if tech firms, such as Facebook, want to remain in Silicon Valley, Realty… READ MORE

The changing face of retirement: Apartment living, active lifestyles, and rural homes

The changing face of retirement: Apartment living, active lifestyles, and rural homes

How a “silver tsunami” of aging boomers will reshape the senior housing market Trend forecasters rightfully focus on the housing needs of millennials when predicting the future of the U.S. real estate market. But the rising senior population, sometimes referred to as a “silver tsunami,” suggests baby boomers shouldn’t be written out of the story just yet…. READ MORE

City Hall promises to scale back price of affordable housing

City Hall promises to scale back price of affordable housing

“We cannot provide affordable homes for our families if we cannot afford to build these homes to begin with,” says mayor Soon to be outgoing Mayor of San Francisco Mark Farrell announced ambitions this week to combat the rising cost of affordable housing construction in San Francisco. Via a Tuesday press release, the mayor’s office… READ MORE

Faith Organizations Partner with Private Developers to Build Affordable Housing

Faith Organizations Partner with Private Developers to Build Affordable Housing

Increasingly, faith-based institutions are partnering with private developers to develop vacant or underutilized parcels—more specifically, to help bridge the affordable housing divide. Since the 1970s, St. John’s Global Ministries of the Kingdom, a 93-year-old Baptist church in Queens, has sought to build a new church and develop an unused lot. Now, with the help of the… READ MORE

Could a single dollar transform a south Stockton neighborhood?

Could a single dollar transform a south Stockton neighborhood?

A dollar these days might buy you half a cup of coffee, one-third of a gallon of gas or one-quarter of a McDonald’s Quarter Pounder. But there is at least one exception to the vanishing buying power of a $1 bill. Consider the city-owned 1.6-acre vacant lot on the east side of Airport Way bordered… READ MORE

3D-Printed Buildings — A Fad Or A Viable Cost-Saving Solution For Developers?

3D-Printed Buildings — A Fad Or A Viable Cost-Saving Solution For Developers?

In the past decade, the ability to 3D-print buildings has become one of the latest, though still controversial, technological advancements in the construction industry. In the past decade, the ability to 3D-print buildings has become one of the latest, though still controversial, technological advancements in the construction industry. Developers across the globe are experimenting with the cutting-edge technology, using massive 3D… READ MORE

Congress Helps Affordable Housing Developers

Congress Helps Affordable Housing Developers

The new federal budget just passed by Congress includes a few changes that will strengthen the LIHTC program. Affordable housing developers got a nice surprise when Congress passed its federal budget for 2019, which became law in March 2018. “The recently enacted omnibus contains some welcome increases that will help affordable housing production,” says Scott Hoekman,… READ MORE

Modular Construction Going Mainstream?

Modular Construction Going Mainstream?

Multifamily developers may finally be about to embrace modular construction. “Something of a perfect storm may be forming that changes the equation for modular construction,” says Rick Haughey, vice president of industry technology initiatives for the National Multifamily Housing Council (NMHC). For years, modular construction has only been used to build a fraction of the… READ MORE

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