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March 11, 2019

EXCLUSIVE: Quarters, 'The WeWork Of Co-Living,' Details First Philadelphia Location

The fastest-growing co-living company is coming to one of Philadelphia's hottest development spots.

EXCLUSIVE: Quarters, 'The WeWork Of Co-Living,' Details First Philadelphia Location

Quarters, the co-living subsidiary of German firm Medici Living Group, announced on Monday that the second project in its latest expansion phase, and first outside of New York and Chicago, is coming to 1150 North American St. on the northwest edge of

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Flexible-Stay Apartment Company Makes Big Entrance Into Philly Market

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A flexible-stay apartment company has snatched up over 500 apartments in Philadelphia in a few months' time. Sonder leases blocks of apartments from building owners, furnishes and designs them, services them like hotel rooms and rents them out to tenants for as little as one day and as long as…

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As Construction Costs Rise, Some Developers Are Saving By Cutting Out The Middleman

PRESENTED BY:   Mega Supply Pro
 
As Construction Costs Rise, Some Developers Are Saving By Cutting Out The Middleman

Two of the biggest obstacles for developers today are a shortage of labor and the rising cost of construction materials. Many developers are finding that taking the intermediaries out of construction purchasing can address both challenges. The familiar sourcing model for getting materials from a manufacturer to the job site is a…

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CRE's End-Of-Cycle Investment Strategy Looks Very Different Than It Did Before The Recession

The global economy is widely predicted to be approaching its first downturn since the Great Recession over the next two years, but the commercial real estate investment environment looks completely different than it did at the end of the last cycle.

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'Don't Freak Out': Economists React To February Jobs Report On Twitter

Nonfarm payroll employment increased by 20,000 jobs in February, the U.S. Bureau of Labor Statistics reported Friday, marking the country's 101st straight month of employment gains. 

The unemployment rate fell to 3.8% after rising to 4% in January.

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Women In Construction Week: 5 Questions With Morgan's Helena Finley
 

Morgan Vice President of Central Region Construction Helena Finley never has the same type of day. Some days she is in the field helping the team resolve problems. Other days she is in meetings discussing, planning and designing future projects.

She is responsible for all of Morgan's projects in Texas and Colorado. In the last 14 years, she has managed 23 major multifamily projects totaling close to 5,500 units valued at $578M. Projects include Pearl Midtown Residences and Whole Foods, the Pearl CityCentre projects, Gables Memorial Hills, Gables Park Plaza in Austin and Post 510 Richmond.

Finley said none of this would have been possible if her previous employer, a Houston-based construction company, did not intentionally focus on her skill set and previous experience as a leader, planner and budgeter and not her gender or her interest in the construction field. 

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Multifamily Still The King Of Investment Volume, But This Year Could Be Different

Investors haven't lost their appetite for U.S. apartment properties, with investment sales up 15.1% to $167.5B in 2018 compared with the year before, according to a new report by JLL. 

Multifamily was the most actively traded U.S. real estate asset class for the third consecutive year, as investors continue to be wooed by multifamily's strong performance in occupancy and rent growth.

But 2019 might be different. 

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