Having lost three rentals she really wanted in New York to other apartment hunters who snatched them first, Lindsay Gabryszak said she knew she had to act fast when she found a condominium in Northwest Washington that checked all her boxes: new construction; cutting-edge design; and in the energetic Mount Vernon Triangle neighborhood with shopping, entertainment and her job at the Smithsonian Institution within walking distance.
April 28, 2016
In advance of next week’s Builder 100 release, we spotlight six builders one each day that stood out on important issues including lots, labor, and lending.
No. 172: The Bozzuto Group
The Bozzuto GroupYear Founded: 1988
2016 Builder 100 Rank: 172
Units Closed in 2015: 167
Percent Change YoY: +35%
Location: Greenbelt, Md.
When it comes to knowing what young home buyers want, The Bozzuto Group has a leg up on most of the companies on the Builder 100/Next 100 list.
April 22, 2016
Opening the door to the next stage in life means choosing the right housing option.
By Rebecca Kirkman | Photography by Mitro Hood - April 2016
’ve all seen the demographic bubble coming: The last of the baby-boomer generation turned 50 in 2014, meaning there’s now a large group of people nearing retirement or, at the very least, thinking about how they would like to live the next decade or two. But this isn't a group that's going to go quietly to the old folks’ home.
The good news? Baltimore was ranked the… Continue reading
April 02, 2016
Jason and Rebecca Petersen’s lives are in flux, just as they are for many young families. They like life as renters in the urban neighborhood in Denver called LoHi, where apartments are steadily replacing single-family houses, and crowds of millennials flock to trendy shops and restaurants.
But will they buy a house in the suburbs as their son, 3-year-old Lucas, nears school age? It’s a possibility, if jobs lead them there, or they go in search of better schools. But… Continue reading
March 20, 2016
The City of Chicago publishes a list of problem landlords, and updates it twice a year. The list has no properties in the prime near-lakefront neighborhoods where YoChicago concentrates its coverage.
A list of bad landlords isn't very helpful to renters, who are typically far more interested in finding a good one than in avoiding a bad one.
February 23, 2016
When Kellie Falk, managing director at Drucker & Falk Real Estate, received a letter from a longtime resident at one of the company’s properties, she hadn’t realized the lengths renters would go to to turn their apartment units into a permanent home.
The letter… Continue reading
February 11, 2016
By Scott Sowers February 11
January 22, 2016
Not long after Gilbert Winn learned to walk, he was visiting construction sites with his father, Arthur Winn. It was there that Gilbert’s interest in development originated, but it was at the kitchen table, hearing Arthur, who founded Boston-based WinnCompanies in 1971, discussing upcoming deals and projects, where his interest became a passion.
Now, Gilbert runs the company of 2,700 employees and its entities, which manage close to 100,000 multifamily units (fifth on the 2015 NMHC 50 Managers list)… Continue reading
January 12, 2016
Average rents nationwide rose 4.6% in 2015, the biggest gain since before the recession
After six years of rising apartment rents in U.S. cities, investors from all corners of the real-estate industry are piling into new projects in a bet the boom still has a long way to run.
Over the next three years, developers are expected to build almost 1 million apartments in the U.S., more than the nearly 900,000… Continue reading
January 11, 2016
Sky-high rents and falling vacancies have characterized the U.S. apartment market for the past six years, but that is suddenly changing. The share of apartments available for rent rose for the second straight quarter at the end of last year, the first time that has happened since 2009, according to real estate data firm Reis.
"This truly represents a turning point in the apartment market. With construction outpacing demand, the… Continue reading
December 23, 2015
A trio partnership is bringing the first multifamily building of a mixed-use development to the Shady Grove Metro in Rockville, Md., announcing that it has secured financing and begun construction on the 45-acre development. Bozzuto, EYA and Carlyle Realty Partners provided equity while Citizens Bank provided debt for the project. HFF arranged the joint venture and assisted in placement of the debt.
As MHN previously… Continue reading