Michael Lynd Talks To Bisnow About The Ever-Widening Gulf Between Class-A & Class-B
While high-end multifamily is facing a slowdown, Class-B properties are experiencing real growth. Lynd CEO Mike Lynd tells us the gulf between the profitability of Class-A and Class-B multifamily is growing. Before he speaks at Bisnow's Multifamily Annual Conference – South on July 21, we sat down with Mike for a peek into multifamily fundamentals.
Mike (shown here on the left) says this is the widest rent gap he's ever seen between Class-A, B and C. To attract more renters, the top end typically offers concessions and grows by pulling people up from Class-B. A…
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Campus Advantage Says The End Of The Amenity War Is In Sight
Campus Advantage is having a very good year. SVP of investments Michael Orsak (who's speaking at Bisnow's annual student housing forum on June 14 in Philadelphia) tells us the company has signed over 2,000 more leases at this point in the…
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Three Tracts Sold At 1400 Sonterra
San Antonio Commercial Advisors' Paul Fagan repped CLDC Texas in its sale of three land tracts at the 1400 Sonterra development in far north central San Antonio.
CLDC originally owned almost 300 acres, most of which is occupied by…
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Virtus' Kevin White Talks Student Housing Strategy
The student housing industry has proven a lack of discipline in overbuilding markets, so Virtus Real Estate Capital acquisitions director Kevin White (our BASH speaker is shown here with his wife in Rome in front of the Trevi Fountain) spends a lot…
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Everything You Need To Know About Affordable Austin
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5 New Transportation Projects In Commercial Real Estate's Biggest Markets
Public transit is a key to drive development in cities, which is becoming more important with Millennials spurring urban migration—78% of respondents to a recent poll of Boston Millennials said workplace proximity to public transit is "very important." Which cities are trying to meet that demand? Here's a rundown of five new urban transportation projects in major markets.
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Blackstone Begins: The Formation Story Of The World's Largest Landlord
Fast Facts:
- Blackstone was founded in 1985 by two Lehman Bros vets, Steve Schwarzman and Peter G. Peterson.
- It was originally founded as a boutique M&A advisory firm.
- The firm first dove into real estate investment in 1991.
- Its $4B IPO in 2007 was one of the largest in the decade—but consisted of only 12% of company ownership.
- Blackstone now boasts the title of the world's largest alternative asset manager.
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We're Hiring!
Could you wrangle this crowd? Bisnow is looking for a part-time on-site event coordinator to handle our Texas events. We need somebody with a lot of energy, who's willing to roll up their sleeves and wake up bright and early…
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Want To Host A Bisnow Event At Your Raw Space?
Are you a developer or broker with office space to lease? How about a property manager managing some empty floors? Are you stressing out about having to hold broker parties in your space? Why not become a Bisnow Raw Space…
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