Metro Detroit home sales end 2017 on high note

The metro Detroit housing market closed out 2017 singing the same tune: it’s a sellers world. And the market factors indicate home sellers will be in the driver’s seat again in 2018, according to data released Tuesday morning by Farmington

As Rents Rise, Advocates in Multiple Markets Push for New Rent Control Laws

In November 2018, voting ballots in California might include a question on rent control. Right now, California law restricts the spread of rent regulations on housing built after 1995, in addition to many older properties. Some housing advocates want to

Seven Predictions for the Multifamily Sector in 2018

“Stable.” That’s the one word that encapsulates the anticipated state of the multifamily sector this year, according to Greg Willett, chief economist at RealPage, a Richardson, Texas-based firm which provides property management software solutions.

Crowne Plaza hotel owners plan 28-story second tower downtown

The owners of the Crowne Plaza Downtown Detroit Riverfront hotel are planning a 28-story second tower that would rise about 338 feet, taller than the existing 25-story building. The owner, a Mexican and European investor group called Operadora de Servicio

Value-Add Opportunities in the Multifamily Sector Getting Harder to Find

Investors are still looking for apartment properties that can be renovated to earn more rental income. But properties with value-add potential are becoming more difficult to find. “There are very few properties left that are easily diagnosed as value-add

The U.S. Cities Left Behind Now Get Their Turn

The past decade has divided U.S. geography into haves and have nots. The haves: educated, wealthy communities in large metro areas like New York and San Francisco. The have nots: places with structural problems like cities in the Rust Belt; communities that

Smart Building Tech Can Reap Utility Savings of 8% to 18% in Commercial Buildings

Smart building technology is producing energy savings of 8% to 18% in the commercial building sector, according to a new report by the American Council for an Energy Efficient Economy. While large showcase buildings have been the first to deploy smart

Investors Expect 2018 to be Another Solid Year for Apartment Sales

Investors are looking forward to another strong year for apartment sales. “Going forward, there is a bit of renewed optimism… and we are still at an elevated level when it comes to transaction volume,” says John Sebree, first vice president and