Two nonprofits have started a $54 million development on church-owned land in the latest move to build income-restricted housing in Seattle, a city with some of the nation's highest rents and housing costs.
A move by Los Angeles to enact some of the most sweeping rent stabilization rules in the United States will limit increases most landlords can impose, a step some property professionals say adds another development headwind to a region trying to build housing.
A 43-story office tower in Chicago’s Loop business district has been granted preliminary landmark status, an important step toward funding a conversion of much of the property into 349 apartments — while touching off a debate about the city’s preservation process and the merits of the building that replaced a Louis Sullivan-designed gem in the 1970s.
Some developers are saying municipal development charges have put a stick in the spokes of their real estate projects in Canada, just as Ottawa pushes for a surge in construction, and a new federal research study shows how such fees can vary widely across the country.
In a quick pivot, SL Green Realty is now looking at transforming its trophy Times Square office tower into a roughly 1,000-room hotel and entertainment venue after its bid to open a casino there was rejected.
Multifamily rent growth in the Dallas-Fort Worth metropolitan area continued its downward trend in November, falling 0.4%, according to CoStar’s Daily Asking Rent series. This marks the 27th consecutive month of negative annual performance, with annual rent growth now at 1.6%, down 40 basis points from November 2024.
Washington, D.C.'s multifamily sector is entering 2026 with a mix of resilience and restraint. While fundamentals like occupancy remain stable, developers and investors are contending with persistent regulatory hurdles, a sharp slowdown in new construction and a cautious capital environment that is reshaping strategies across the region.
This year's hotel performance through October highlights a widening divide between luxury-heavy outer islands, which are regaining traction, and Oahu’s convention- and lower-rated international-dependent hotel base, which continues to sag.
Phoenix apartment rents slipped another 0.4% in November, extending the market’s losing streak to 10 consecutive months. Asking rents are now down 3.2% year-to-date, double the 1.6% decline recorded during the same period in 2024.
InTrust Property Group acquired a 337-unit multifamily community at 2343 W. Main St. in Mesa, Arizona, from Sheiner Group/Living Well Homes for $59.6 million.
Monthly apartment rent growth in the United States declined last month in its largest November drop in more than 15 years as an oversupply of units affects all parts of the country.
