Multifamily

Challenges will likely increase as interest rates rise and investors grow more concerned about a downward turn in the economic cycle.

Now that Akron, Ohio, has named the buyer, the estimated $20 million redevelopment of the CitiCenter Building joins a glut of downtown projects competing for private funding, public tax breaks and future tenants.

Minnesota Housing will invest $87.5 million in 1,700 new and existing housing units for low-income Minnesotans this year.

Real estate and mortgage industry groups outspent proponents 3-to-1 to defeat Proposition 10, a measure to allow California municipalities to set local rent control laws.

The Federal Housing Finance Agency is leaving the government-sponsored enterprises' multifamily caps for 2019 unchanged at $35 billion per agency, but is making other changes to prerequisites for excluded loans.

More affordable housing options are on the way for Coney Island residents.

New York's Department of Housing Preservation and Development has released a "Speculation Watch List" of rent-regulated homes sold that the agency said could potentially put tenants at risk.

After a massive fire gutted the Ice House townhome project in West Oakland recently — the latest in a series of suspicious blazes targeting residential construction projects — developers and housing experts say the fallout could ultimately hit the pockets of Oaklanders already struggling to rent or own homes in the city.

High property values and low mortgage rates pushed commercial and multifamily originations beyond their projected totals in 2017 to a new market peak, according to the Mortgage Bankers Association.

High-rise living, once a rarity in Southern California, is gaining new favor as reviving urban centers such as downtown L.A. and Hollywood attract thousands of new residents in search of neighborhoods with a big-city feel.