Multifamily

New home sales have the biggest impact on the local economy, but with little new home construction, slowing home sales isn't a cause for concern.

While many buyers and sellers are still on the sidelines, strong market fundamentals and a stabilizing stock market point to a promising year ahead.

The deal for the 23-building complex calculates out to $280,978 per unit, according to Marcus & Millichap, which announced the transaction. The property, which was constructed in 2006, was sold free and clear of existing debt.

HomeShare says it is the first co-living company to have moved in 2,000+ residents nationwide.

Developers should focus less on the benefit from the opportunity zone incentives and more on the overall return from investing in the property, says Jeff Monge, managing partner of Monge Capital.

A SXSW panel pondered, in an age where medical diagnoses can be accessed on an app and vital signs monitored on a wristwatch, how can the industry innovate its way out of the affordable housing and homeless crisis?

Some of the major developments underway at the project include the 85% sold Paramount Miami condominium tower, which is on-track for completion in May 2019.

Investors have shown strong interest in Federal Way and the surrounding South King County locations, not only driven by the growth of the Seattle core but also Kent Valley, the Port of Seattle and Tacoma.