Bringing efficiencies to all aspects of future developments, Multifamily Executive
With all the new products coming to market these days, it can be difficult to stay abreast of important changes that could affect your business—and the decisions you make about which products are best for your developments. Tracking trends in product performance and perceptions can help. By remaining current with independent product research, multifamily pros not only can put themselves in a better place to quantify overall project performance, but, in so doing, help improve product development, as well.
Though optimism has decreased, more than half see continued strength in U.S. real estate, By Brett Widness, Urban Land Institute
Respondents to RCLCO’s latest Market Sentiment Survey are feeling less optimistic than they were six months ago, but most still see continued stability in market conditions for the near to medium term. Nearly two-thirds (65 percent) of respondents believe the next U.S. real estate market downturn will not begin until at least 2019, and current sentiment remains more positive than it was 12 months ago.
E-Commerce comes to food shopping: Growing competition for grocery sales altering outlook for retail real estate, By Mark Heschmeyer, CoStar
“Cushman & Wakefield’s Brown pointed out that what Amazon is essentially doing in the Whole Foods deal is purchasing roughly 460 distribution centers (its stores), most of which are concentrated in densely populated urban areas. Nearly every single location is situated in either an urban or densely populated suburban environment where there are less than 200,000 people within a 10-mile radius.”
Third & Urban reveals BeltLine project vision, By Jarred Schenke, Bisnow
“Called Common Ground, Third & Urban plans to redevelop the property at 550 Somerset Terrace that will include a New Realm Brewing Co. brewery along with two restaurant concepts by The Diligence Co. Diligence plans to open a European and Latin-inspired brasserie called Bazati Hall and a 3K SF rooftop champagne and cocktail bar called Estrella. New Realm — founded by former Stone Brewing brewmaster Mitch Steele and partners — will operate a 20K SF brewhouse with a 3K SF rooftop patio and restaurant.”
BeltLine, AHA partnering to push for more housing affordability, By Jarred Schenke, Bisnow
“The agency announced a memorandum of understanding with the Atlanta Housing Authority to leverage resources in both agencies to boost affordable housing in various housing projects along the BeltLine trails. The partnership creates a land acquisition partnership and a vehicle to finance the development of affordable housing, officials said.”