Multifamily

Anaheim Resort Transportation and tech company Routematch partner to launch a mobile and entertainment app that will streamline transportation for tourists.

The investor makes its first opportunity zone investment with the placement of $29.4 million of qualified equity in a ground-up development in Las Vegas.

Estimating that every five new jobs creates demand for one new apartment unit, the region will require more than 40,000 new apartment units to maintain equilibrium with job creation and in-migration.

There's demand for apartments here but land use restrictions and a shortage of utility infrastructure make it challenging to build, resulting in few new multifamily communities on the ground or in the pipeline.

The group buys a 1.5-acre development site with plans to build a 36-story 422-unit multifamily high-rise.

The 931-unit luxury development will include 234 new affordable housing units.

The years-long tight market has hurt commercial real estate asset classes, with higher vacancy rents, lower asking rates and greater concessions, according to a report last year from JLL.

Despite significant real estate investment over the last decade, many cities both big and small are still missing inviting and energized spaces where people choose to spend time outside of home and work.