As Chicago considers expanding its Accessory Dwelling Unit (ADU) program citywide, the question remains: can this housing strategy make a meaningful impact in one of America’s densest urban environments? While cities like Los Angeles have embraced ADUs aggressively, permitting over 7,000 in 2022 alone, Chicago’s more cautious pilot program has yielded just 109 approvals during ...
More homebuyers are turning their attention to western Colorado, drawn by its scenic beauty, slower pace, and growing communities that offer space without sacrificing convenience. Spirit Bear Realty’s new office in historic downtown Montrose positions the firm to meet rising demand from buyers looking beyond the state’s more developed regions. “Western Colorado offers what many ...
With office vacancy rates nearing 20% and many older buildings failing to draw tenants, Washington, D.C. is confronting a major commercial real estate challenge. At the same time, city officials and developers see potential to rethink and repurpose parts of the nation’s capital. “Real estate evolves over time. It changes. It shouldn’t be something that ...
Home values in Stamford, Connecticut, have climbed sharply in recent years, reshaping the market for both buyers and sellers. Properties that once sold for under $700,000 are now approaching or surpassing the million-dollar mark. “A house that sold for $650,000 in 2019 is now listing at $899,000 and selling for close to a million,” says ...
The palm-lined streets of Bel Air, Pacific Palisades, and other prestigious neighborhoods north of Sunset Boulevard have long represented the pinnacle of California luxury living. But a combination of climate change, devastating wildfires, and insurance industry upheaval is significantly altering the economics of high-end real estate in these coveted areas. “When you’re buying a house ...
For over a century, the Multiple Listing Service (MLS) has served as the backbone of residential real estate transactions in America. Now, that foundation is showing signs of stress as multiple forces—from technology platforms to policy changes to the strategies of large brokerages—challenge this long-established centralized system. Courtney Poulos, founder of ACME Real Estate and ...
“We’re seeing renewed activity both on the buyer side and on the development side this year. There’s been a strong appetite for development projects and the market seems to be trending upwards,” explains Shaun Pappas, Partner at Starr Associates. After years of volatility following the pandemic, New York’s real estate market is showing promising signs ...
“Home is not just a box you live in, and the way you find a home shouldn’t be boxes you have to check or filters to select,” explains Jackson Reiter, Co-Founder and COO of Relm AI, a startup rethinking how people search for properties. In a market where most platforms still rely on search technology ...
“We get a lot of calls where homeowners say, ‘You sent me a letter, but this is not possible.’ And we’re like, ‘Actually it is.’ Some people just don’t even see the opportunity. We’re blowing minds left and right,” says Gloria Riechers, co-founder of Riechers Engineering, a firm specializing in lot splits under California’s Senate ...
LOS ANGELES, Aug. 27, 2024 (GLOBE NEWSWIRE) — Affirmed Housing, a leading provider of affordable housing throughout California, announces the completion of The Iris, a new, affordable and supportive housing development serving low-income and formerly unhoused Angelenos in West Los Angeles. A special ceremony was held to commemorate the project’s grand opening and attended by ...
EL CAJON, Calif., Aug. 27, 2024 (GLOBE NEWSWIRE) — CPP (Community Preservation Partners), a mission-driven affordable housing preservation developer, has announced the acquisition and planned renovation of Lexington Green Apartments, an affordable housing complex in El Cajon, Calif. CPP partnered with co-developer The Hampstead Companies on the deal. This is the second community in El Cajon ...
CAMPBELL RIVER, British Columbia, July 18, 2024 (GLOBE NEWSWIRE) — Today, the Rental Protection Fund (the Fund) announces the acquisition of nine properties across Vancouver Island by Connective Support Society. This marks the transfer of 334 rental homes in Campbell River, Port Hardy, and Duncan to Connective’s ownership. The acquisition safeguards a wide range of ...
PARKSVILLE, British Columbia, July 17, 2024 (GLOBE NEWSWIRE) — Today, the Rental Protection Fund (the Fund) and the Province of British Columbia announces the acquisition of 50 affordable rental homes in Parksville, B.C. This marks the transfer of ownership of 211 Moilliet St., “Moilliet Manor,” to Ballenas Housing Society (Ballenas), securing much-needed affordable housing in ...
Managing a multi-family property can come with a slew of benefits that you can capitalize on. Sure, the perks are tempting—you’re not just collecting rent; you’re building an empire. But with great power comes great responsibility, and sometimes, a headache or two. Before delving into property management for multi-family housing, it’s important to know what ...
