Greystar Breaks Ground on First Portland Development Project
One of the leaders in multifamily development has broken ground on its first-ever residential Portland development project of 182 apartments and 8,000 square feet of retail space, according to a release.
The project in Goose...
National Average Rent Reaches $1,465 in June
As the peak rental season got into full swing, the national average rent reached $1,465 in June – that’s an extra $37 added to the average rent since the beginning of the year and $45...
Multifamily Rents Stay Robust; Average Rent Rose $12 in June
Multifamily rents rose robustly in the second quarter, and the market’s consistent growth once again shows no signs of waning, according to the June report from Yardi Matrix.
“After a $12 jump in June, average...
Seattle Sees Six Straight Months Of Rent Increases
Seattle rents have increased 0.4% during June, and are up slightly by 1.6% in comparison to the same time last year, according to the most recent monthly report from Apartment List.
Currently, median rents in...
Apartment Industry Jobs Continue Strong Growth in Second Quarter, NAA Report Says
Apartment industry jobs continued strong growth in the second quarter, amounting to 38 percent of available real estate jobs in the United States, well above recent averages and an increase from 2018, according to...
561-Unit Phoenix Apartment Complexes Sell For $56.7 Million
Phoenix apartment complexes Solano Ridge I and Solano Ridge II Apartments, a 561-unit multifamily housing community located near 35th Avenue and Northern, have sold for a combined price of $56.7 million, according to a...
Portland Rents Declined in June for Third Straight Month
Portland rents have declined 0.1% during June, but have remained steady at 0.4% in comparison to the same time last year, according to the latest report from Apartment List.
Currently, median rents in Portland stand...
Rental Housing Requests For Assistance Animal Accommodation Shows About 40% Approval
A new study of 8,600 assistance animal accommodation requests for rental housing shows that 39 percent of requests were recommended for approval, 43 percent did not continue with the review and 18 percent did...
How Does Rent Control Affect the Value of Multifamily Property?
By Gabe Johansen
SMI Commercial Real Estate
Over the last few months, you have undoubtedly read numerous articles about rent control.
With the passage of SB 608, Oregon has become the first state in the nation to...
Assistance Animals Are Not Pets, Repeat, Assistance Animals Are Not Pets
“I didn’t know” is not an acceptable defense if you face a discrimination charge, so the Grace Hill training tip of the week focuses on repeating advice that assistance animals are not pets when it comes to...