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The Outlook: Residential Development in Portland and San Francisco
West Coast Development Updates: Cap rates, interest rates, and construction costs are on the rise, and these economic trends have impacted developers’ willingness to push ahead on projects this year. However, despite market headwinds, exciting affordable and luxury residential projects are slated to commence in 2024, bringing new options to Portland’s residential market and offering…
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Large Projects and Pending Approvals Signal Promising Legislative Trends in California
Development Updates in California: 2023 was a turbulent year for real estate nationwide, and California is no stranger to the hurdles developers faced when trying to pencil deals in the last year. Luckily, the changes voted on last year are beginning to take effect, leading the efforts to address the housing crisis and with permitting…
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Portland Real Estate: Positive Trends Ease Inclusionary Zoning Worries
What’s New in Portland: Since its inception in February 2017, Inclusionary Zoning regulations in the Portland Metropolitan have significantly impacted developers’ ability to pencil projects. However, an uptick in major developments in Portland and surrounding tertiary markets provides hope that the hurdles placed by this legislature may be easier to clear than once assumed. Here…
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Salt Lake City Finances Affordable Housing Development
What’s New in Utah: Despite ongoing economic headwinds, Salt Lake City incentivizes affordable housing development with low-interest gap financing. The capitalization has helped developers push forward on several exciting, affordable development projects. Here are the latest updates.
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Boise Real Estate Market Welcomes Affordable Housing Development
What’s New in Boise, Idaho: Idaho real estate developers are working hard on multifamily and affordable housing development this month – both experiencing an uptick across the Boise real estate market and beyond. Boise’s Housing Land Trust program is slated to turn city-owned land into affordable housing, and the city intends to introduce 1,250 affordable…
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Seattle’s Affordable Housing Developers Are Hard at Work This Summer
What’s New in Seattle: Seattle residents will soon welcome a number of newly opened apartment complexes, while other affordable housing developments are just kicking off. The projects will satisfy the growing demand for affordable housing in the area and address the larger housing crisis spreading across the United States. Amazon has backed another affordable housing…
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Real Estate Developers in Los Angeles Expand Housing Stock This Summer
Development Updates in Los Angeles: Los Angeles has long been considered a top market for real estate investors and homeowners, yet the city tops the charts as one of the nation’s least affordable housing markets. Developers are taking advantage of the demand for affordable and market-rate housing this year with exciting new projects in LA,…
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Salt Lake City Developers Work on Build-To-Rent Communities and More
Development Updates in Utah: Despite economic headwinds, Utah real estate developers are pushing forward on several exciting residential projects in Salt Lake City this month. From build-to-rent townhome communities to affordable housing developments, here are the latest development updates in the city.
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Real Estate Developers in Los Angeles Remain Hard at Work This Summer
Development Updates in Los Angeles: This month, Los Angeles developers are working hard on new affordable rental complexes, hotel renovations, and mixed-use residential developments. The developments promise to breathe new life into the city’s already vibrant real estate landscape and aim to meet housing demand and attract visitors. Here are the development updates on several…