First state law banning gas in new buildings likely to pass in New York

Environmental and social justice advocates worry it will include a poison pill provision backed by the oil and gas industry.

By Ysabelle Kempe • May 1, 2023

Equity Residential’s same-store revenue is better than anticipated

New York posts 19% growth, but California floods drive up expenses and San Francisco and Seattle struggle with concessions.

By Leslie Shaver • April 28, 2023

Impact Council releases finalized investing guidance

The Multifamily Impact Framework creates a roadmap for socially motivated private capital to invest in affordable and sustainable rental housing.

By Jennifer Goodman • Updated Sept. 20, 2023

Deals + Starts: April 2023

Beacon, Bonaventure, Lendlease and more were in the news.

By Multifamily Dive Staff • April 27, 2023

Milwaukee mall-to-multifamily conversion goes viral on TikTok

The Plankinton Clover apartments have caught the attention of over 1.5 million viewers.

By Mary Salmonsen • April 26, 2023

Lendlease breaks ground on Brooklyn residential development

As the Australian contractor starts its first for-rent multifamily complex in New York City, Google has hit pause on another of its major U.S. projects.

By Zachary Phillips • April 26, 2023

Size, location matter most to wealthy renters

Affluent tenants expect that their larger rent payments will translate into larger units, multifamily developers say.

By Robyn Griggs Lawrence • April 24, 2023

Arizona build-to-rent breaks ground near new semiconductor plant

Village at Pleasant River is expected to attract residents who work at the nearby Taiwan Semiconductor Manufacturing Co. facility in Peoria.

By Mary Salmonsen • Updated May 31, 2023

New hurricane-focused codes on the horizon for Florida

Developers in the Sunshine State can expect much stronger building and land use regulations in the wake of Hurricane Ian, according to a construction expert. 

By Don Neff • April 20, 2023

Oceanfront condo project halted by Daytona Beach officials

The city expressed concerns about progress and safety issues at Protogroup’s 31-story condominium project, which has been under construction since 2018.

By Leslie Shaver • April 18, 2023

Most firms on NMHC Top 25 Builders list saw increases last year

Summit topped the ranking, reflecting both the company's growth and an active multifamily cycle, said President Marc Padgett.

By Leslie Shaver • April 17, 2023

How to rent to a millionaire

High earners are flooding the rental market, and they never settle for less.

By Robyn Griggs Lawrence • April 17, 2023

Total crane count rises but commercial work dips

The number of cranes in North American cities grew by 7%, according to the most recent report by Rider Levett Bucknall, but the increase was concentrated in the multifamily sector.

By Zachary Phillips • April 17, 2023

Alliance grabs the country’s top development spot from Greystar

Only two developers on the NMHC Top 25 saw their starts decrease in 2022.

By Leslie Shaver • April 17, 2023

Mortenson JV breaks ground on Denver apartment complex

The project is part of a $120 million, four-project fund portfolio assembled by Pinnacle Partners.

By Zachary Phillips • April 17, 2023

Madison Avenue tower’s quadruplex penthouse sells for $67.8M

The Bellemont, designed by Robert A.M. Stern Architects, comprises 11 sold-out units on New York’s Upper East Side.

By Mary Salmonsen • April 13, 2023

4 ways that recent banking failures will impact the multifamily sector

After the collapse of Silicon Valley Bank and Signature, multifamily borrowers could face challenges finding construction debt and loans from smaller lenders.

By Leslie Shaver • April 12, 2023

Curved condo tower opens in Brooklyn’s Dumbo neighborhood

Thanks to the tower’s twisting sailboat shape, no two floors at Olympia have the same layout.

By Mary Salmonsen • April 11, 2023

First residential phase breaks ground at Parks at Delray mixed-use development

13th Floor Investments and Key International are set to build out 747 units across two phases at the 50-acre project in Delray Beach, Florida.

By Mary Salmonsen • April 10, 2023

Real estate GPs need to get out their defensive playbooks

A few simple moves can help multifamily and commercial real estate GPs run leaner while positioning them to pounce on emerging opportunities.

By Michael Harris • April 6, 2023

Development underway next to medical campus in Kansas City

The Hudson will replace an older multifamily structure with 228 luxury residential units.

By Mary Salmonsen • April 5, 2023

Lendlease development to feature New York’s largest multifamily geothermal system

The 1 Java Street project will be entirely heated and cooled by a vertical closed-loop structure.

By Mary Salmonsen • April 5, 2023

NYC’s McGraw-Hill building slated for residential conversion

The $100 million project will transform the office tower’s upper floors into 224 luxury units, among other improvements.

By Mary Salmonsen • April 4, 2023

Uncertainty, financing issues causing construction delays

Material prices are also a problem for multifamily developers but are growing at a much slower pace than a year ago, according to a new NMHC survey.

By Mary Salmonsen • April 3, 2023

Abandoned mall from ‘The Last of Us’ to gain new life as mixed-use destination

Northland Village Mall in Calgary, Alberta, will be converted into an open-air shopping center and 229-unit multifamily development.

By Mary Salmonsen • March 31, 2023