Multifamily development is currently an extremely profitable CRE sector, with apartment demand strengthened by an improving economy and shortage of residential homes for sale. Rents for the third quarter of 2018 are up 2.9% compared to a year ago, and occupancy rates are hovering around 95.8%. A lack of affordable housing, particularly in large urban markets, also continues to be a challenge. One of the biggest uncertainties developers face in their multifamily investments is how much parking to invest in, with parking logistics sometimes being the difference between a deal working out and falling through.
To read the full GlobeSt blog about what considerations developers should take into account before embarking on a multifamily project, click here.
November 19, 2024
A Practical Guide to PFAS: From Phase I ESAs to Remediation Following the EPA’s 2024 ruling designating PFOA and PFOS as hazardous substances under CERCLA, managing PFAS risks in environmental […]
September 23, 2024
When it comes to PFAS risk and liability, assembling a team of experts is crucial. It is advisable that you rely on the expertise, guidance, and insights of an experienced environmental consultant, a knowledgeable environmental attorney, and a skilled insurance broker familiar with emerging contaminants.
September 27, 2024
In commercial real estate transactions, particularly convenience stores (C-stores) with gas stations, conducting the Phase I Environmental Site Assessment (ESA) is traditionally considered to be the buyer's responsibility. However, sellers can also benefit significantly from conducting a Phase I ESA before listing their property for sale.
