Omaha Converts Power Station Into New Apartments

Omaha Nebraska developers convert old power plant into 217 apartments many with beautiful river and casino views.

Old Hat Factory In Philadelphia Being Converted To 96 Apartments

The Heid Building at 323 N. 13th Street used to be the home of Frank P. Heid & Company, vacant for many years, will be bringing 96 market-rate one- and two-bedroom apartments to the site.

Here’s a shocker! Manhattan Has More Apartments Than Renters!

New apartment buildings and condo owner who are renting their units, has pushed the supply of Manhattan apartments to record highs.  As a result landlords are chasing tenants, not something you typically think of in the NY market.

Bloomberg News suggests prices may fall before winter….

StreetEasy: NYC Rents Hit All-Time Highs in July

Manhattan, Brooklyn and Queens rents reached record highs in July “rising to $2,980, $2,453, and $1,996, respectively.”

Real New Yorkers know how to multitask.

Another month, another report confirming that New York City is an insatiable money pit that will continue to suck you down until you actually find yourself wondering if life in Philadelphia or Denver or, I don’t know, Buffalo might be a “better fit.”

The latest warning comes courtesy of StreetEasy, which found that median rents across Manhattan, Brooklyn, and Queens reached an all-time high in July—rising to $2,980, $2,453, and $1,996, respectively.

The greatest increase happened in Queens, the report found, where median asking rent shot up to $1,996, a 1.3 percent increase from last July. While Manhattan’s median asking rents rose only .2 percent in that time span, rents in Upper Manhattan—the borough’s least expensive submarket—rose by 2.2 percent. Likewise, median rents in South and East Brooklyn shot up 1.8 and 1.5 percent since last July.

“A mix of rising rents and fewer discounts or concessions from landlords shows signs of stabilization after a weaker rental market last year,” said StreetEasy Senior Economist Grant Long, which sounds like it might be good news, but is actually just good news for landlords.

The report also noted that rental discounts and other concessions are down across the board this year.

San Diego Again Aims To Curb Short Term Rentals

San Diego will again consider a proposal to curb short term (read AirBNB) rentals, allowing homeowners to rent their residences for no more than 90 days per year.

Merger To Create Largest Single Family Home Rental Conglomerate

The merger of Invitation Homes and Starwood Waypoint Homes will eventually own and manage about 82,000 single family properties around the country.

New Apartments Proposed Near Mall of Georgia

Nearly 250 new apartments are proposed for a 22-acre tract on Laurel Crossing Parkway, near the Mall of Georgia.–politics/more-than-250-apartments-proposed-near-mall-georgia/M3EhYnLyszJ2S3AWuIaTUI/