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Self-Storage Facilities | Jan 25, 2024

One-quarter of self-storage renters are Millennials

Interest in self-storage has increased in over 75% of the top metros according to the latest StorageCafe survey of self-storage preferences. Today, Millennials make up 25% of all self-storage renters.

Senior Living Design | Jan 24, 2024

Former Walgreens becomes affordable senior living community

Evergreen Real Estate Group has announced the completion of Bellwood Senior Apartments. The 80-unit senior living community at 542 25th Ave. in Bellwood, Ill., provides independent living options for low-income seniors.

Adaptive Reuse | Jan 23, 2024

Adaptive reuse report shows 55K impact of office-to-residential conversions

The latest RentCafe annual Adaptive Reuse report shows that there are 55,300 office-to-residential units in the pipeline as of 2024—four times as much compared to 2021.

Modular Building | Jan 19, 2024

Virginia is first state to adopt ICC/MBI offsite construction standards

Virginia recently became the first state to adopt International Code Council/Modular Building Institute off-site construction standards.

Mixed-Use | Jan 19, 2024

Trademark secures financing to develop Fort Worth multifamily community

National real estate developer, investor, and operator, Trademark Property Company, has closed on the land and secured the financing for The Vickery, a multifamily-led mixed-use community located on five acres at W. Vickery Boulevard and Hemphill Street overlooking Downtown Fort Worth.

Affordable Housing | Jan 18, 2024

Habitat tops off second apartment building at 43 Green

The co-developers of 43 Green celebrate the latest milestone for the $100 million, mixed-income, mixed-use project in Bronzeville: topping off Phase 2 while reaching full lease-up of the Phase 1 apartment building.

Adaptive Reuse | Jan 12, 2024

Office-to-residential conversions put pressure on curbside management and parking

With many office and commercial buildings being converted to residential use, two important issues—curbside management and parking—are sometimes not given their due attention. Cities need to assess how vehicle storage, bike and bus lanes, and drop-off zones in front of buildings may need to change because of office-to-residential conversions.

MFPRO+ News | Jan 12, 2024

Detroit may tax land more than buildings to spur development of vacant sites

The City of Detroit is considering a revamp of how it taxes property to encourage development of more vacant lots. The land-value tax has rarely been tried in the U.S., but versions of it have been adopted in many other countries. 

MFPRO+ News | Jan 12, 2024

As demand rises for EV chargers at multifamily housing properties, options and incentives multiply

As electric vehicle sales continue to increase, more renters are looking for apartments that offer charging options.

Student Housing | Jan 12, 2024

UC Berkeley uses shipping containers to block protestors of student housing project

The University of California at Berkeley took the drastic step of erecting a wall of shipping containers to keep protestors out of a site of a planned student housing complex. The $312 million project would provide badly needed housing at the site of People’s Park. 

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