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The Multifamily Market Finally Shows Signs of Recovery
The multifamily market is undeniably the darling of the commercial real estate sector. Through the turbulence of the post-pandemic era, multifamily has outperformed other asset classes, with 95% occupancy and 4% rent growth in 2023. Still, the sector has also experienced its fair share of dislocation. Investment volumes fell 60% last year, new construction starts
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Inside the Guessing Game: Interest Rate Predictions for 2024
In commercial real estate, interest rates are always a hot topic. In the many years leading up to the pandemic, investors and developers were absorbed with trying to guess when interest rates—which at that time had been at historical lows for an extended period —would increase. Today, everyone is trying to guess when they will
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What Developers Should Know About Live Work Play Communities
The benefits and challenges of incorporating these communities into your portfolio.
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Understanding the Pros and Cons of Office-to-Residential Conversion
The COVID-19 pandemic and the ongoing popularity of remote work has put office building owners in a difficult position. While certain assets have proved resilient – such as Class A office space rich in amenities – Class B and Class C office buildings remain in decline. As a result, many developers are looking for ways
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Unpacking the Net Zero Building: What Developers Need to Know
Net zero buildings, or properties that produce as much energy as is consumed over the year, may soon become an important part of your firm’s efforts to meet Environmental, Social, and Governance (ESG) targets. The White House set a goal to make zero emissions new construction and retrofit common practice by 2030. To help public
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5 Ways to Manage Mixed-Use Development Costs
Mixed-use development has quickly stolen the CRE spotlight. The multi-use asset class is an opportunity for real estate developers to maximize the value of land sites and create dense, urban, and walkable communities for residents. Mixed-use projects also generate higher incomes than single-use assets — JLL estimates mixed-use developments pay nearly 25% more — and
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Everything You Need to Know About Cap Rate in Commercial Real Estate
The capitalization rate (cap rate) is used to determine the expected return on investment on a rental property. Cap rate is considered the most important and popular metric for determining a project’s profitability and is widely used throughout the real estate industry. Cap rates, a measure of the income produced by a property relative to its
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A Real Estate Developer’s Inflation Reduction Act Guidebook
The Biden Administration signed the Inflation Reduction Act into law in August of 2023, and the legislation is intended to strengthen the economy, invest in energy security, promote climate resilience, and lower healthcare costs for consumers. The United States Department of Treasury will be responsible for implementing major components of the law, such as tax
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How Shifting Parking Minimums Impact CRE Development
Parking minimums, which mandate a fixed number of off-street parking spots owners must provide for every residential, commercial, or office building, have been a part of state and local policy in the United States since the post-war era. Zoning codes started to include parking requirements to address concerns around congestion, ensure businesses could succeed, and