Posts Tagged: apartments

More Housing = Lower Rents

Washgton DC - Michael Key - The Washington Blade

It’s not rocket science: The more housing there is, the more affordable housing will be. In cities with growing populations, the degree to which the creation of new apartment units track with the increased need for additional rental housing is the difference between soaring prices and a stable market. D.C. has begun to prove this… Read more »

Average Manhattan Apartment Now Costs Over $1 Million

The price of an average Manhattan apartment has passed the $1.9million mark after surging 60 per cent in the past 10 years. Remarkably, total real estate sales this year alone are expected to reach $24billion, and 190 apartments have sold for more than $10million each. The Manhattan market is traditionally composed of co-ops, in which… Read more »

Downtown Phoenix Housing Boom Finally Underway

Downtown Phoenixs long-awaiting housing boom is finally here. More than 20 apartment and condominium developments are going up across the city’s core. The urban projects range from penthouse condos at Portland on the Park next to Margaret T. Hance Park to 500-square-foot micro apartments near Roosevelt Row. The old Quality Inn next to the Phoenix… Read more »

Why Developers in Minneapolis Hate Condos

Four Minneapolis developers walk into a room at St. Thomas School of Law … and mostly agree about the current state of multi-family residential real estate. The market, they all say, is hot, with projects being announced with a regularity not seen since before the Great Recession. But those projects are mostly apartment buildings —… Read more »

Record High Apartment Prices in Manhattan

The average apartment price in Manhattan hit a record $1.72 million in 2014, as the New York wealthy and overseas rich continue to seek safety in the New York skyline. While sales volume is slowing, prices continue to rise in New York as strong demand competes for historically low supply. The average sale price for… Read more »

Nano Housing – The Next Big Thing?

In Seattle, developers are racing to build what has become a wildly popular new type of apartment complex: “congregate housing.” Miniature studios averaging 150 square feet are so tightly packed that foldaway beds must be stowed during the day. Instead of an eat-in kitchen, residents can sometimes share cooking space with 30 other people down… Read more »

Four New Residential Towers Planned in Seattle’s South Lake Union Neighborhood

As we previously posted in November, Onni Group out of Vancouver BC is planning to construct 4 new towers in South Lake Union. They have released some new information on what will be built on the site, which is between Boren Ave N and Fairview Ave N and from Denny Way to Thomas Street. According… Read more »

Portland’s North Pearl Gearing Up

The northern part of the popular, gay friendly Pearl District is starting to be built out – but it’s almost all apartments. Portland Monthly reports: Even if all eight residential buildings planned for the area known as the North Pearl are built, longtime neighborhood advocate Patricia Gardner thinks the neighborhood still won’t add enough units…. Read more »

Ten Huge Apartments For Sale in New York City

Time for a little fantasy living – Jeremiah Budin has compiled a list of the ten largest apartments for sale in NYC. Curbed reports: One of the biggest concessions of living in New York City is giving up the dream of having what most people would call “a reasonable amount of space,” and instead squeezing… Read more »

Are Condo Conversions on the Horizon for Seattle?

style=”margin: 6px;”Apartment developers in Seattle will start looking at converting for-rent units to condominiums this year, a new report states. Commercial real estate brokerage Marcus & Millichap, a national company with a Seattle office, issued its 2014 apartment report Monday. The report paints a generally rosy picture of the market for apartment landlords, forecasting rental… Read more »

Are Parking-Free Apartment Buildings the Wave of the Future?

A wave of new residential construction projects in places like Seattle, Boston, and Miami are showing that, yes, modern American cities can build housing without any car parking on site. Officials in Boston gave their approval last week to what Curbed called the city’s “first big-time parking-less condo,” a 175-unit project named Lovejoy Wharf. The… Read more »

New LGBT Senior Apartments Opening in Minnesota

As rapidly as times are changing, the age group with the lowest acceptance for the LGBT community is inevitably seniors–which is especially difficult for those LGBT senior citizens in need of affordable housing. However, as of September 1, LGBT seniors now have an option custom-made for them: the newly opened Spirit on Lake apartments in… Read more »

What Does an Apartment in Portland, Oregon Cost?

If you thought Portland’s rental market was hot before, wait until you see the latest data from Zillow. The online real estate company reports that the median rental price for a Portland property in July was $1,427. That number is based on prices for single-family residences, condominiums, co-ops and apartments in Zillow’s database, regardless of… Read more »

Boise Apartments Filling Up Fast

Aidan Hill moved into her first apartment Wednesday, a sunny, small one-bedroom in a new six-unit complex at 517 N. 13th St. “It’s difficult to find something that’s clean, in the right location, for the right price,” she said. Hill, 22, said she’ll bike to her job as a customer-service representative at a Downtown bank… Read more »