Multifamily

Crescent Heights multifamily properties have a new technology and workplace series with the goal of creating a natural forum for people in technology to connect, foster collaboration and birth new ideas, GlobeSt.com learns in this <b>EXCLUSIVE</b>.

“This year, and next year, are going to be banner years for supply growth,” says Victor Calanog, chief economist with Reis.

The recovery process will bolster the Houston employment market, creating a short-term jolt in hiring and economic growth, apartment demand is likely to surge and hotels are providing short-term housing needs.

However, the National Association of Realtors' Lawrence Yun says sales are still below year-ago levels due mainly to limited inventory.

While construction lending is tight, middle-market and boutique developers are still finding ways to secure construction financing.

Multifamily sales activity has declined slightly in the Pasadena market, but experts say interest remains strong and cap rates are expected to increase next year.

A $288.8 million construction loan was recently obtained for MIRO, a pair of 28-story luxury apartment towers comprising more than 600 residences and 20,000 square feet of retail and commercial space in San Jose, due for completion in 2020.

As Los Angeles multifamily prices continue to increase, investors are finding better yields and strong demand in Central Valley markets.