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Although there has been strong job and population growth resulting in a solid household formation rate, the cumulative effect of such rapid growth in stock is causing rents to slow substantially, says Fannie Mae.
The submarket stands in stark contrast to the broader Houston office market and is healthier in comparison; where it's on track to record a fourth consecutive year of positive net absorption.
GlobeSt.com caught up with executives from Hilton and First Hospitality Group here in Chicago to talk about the benefits, challenges and strategies when developing and running a multi-brand property.
There has been overall growth in the real estate crowdfunding space in the last few years, and other companies in the industry such as RealCrowd say that RealtyShares' issues are not the norm.
Office/residential towers, mixed-use projects, medical centers and transit-oriented developments are simultaneously creating a new Oakland, and the Union, a 110-unit multifamily development joins the fray.
“We want to make fire safety a priority in New Jersey to prevent against the vulnerabilities of combustible materials that can allow fires to spread rapidly,” said NJ Senate President Steve Sweeney.
The Dallas metro area economy continues to expand at a rapid rate, with more than 116,000 jobs added since August 2017, resulting in multifamily demand that easily exceeds new supply.
According to Jacob Gehl, senior managing director of Blueprint, the market fundamentals are excellent in the medium to long term but are challenged in the short-run.