Amherst Holdings LLC, which owns or manages about 20,000 single-family rentals, is launching a subsidiary to purchase, renovate and resell properties, combining the home-flipping business with new features to simplify the consumer experience of...
Although more consumers are shopping online and many retailers are spending big bucks to beef up their e-commerce strategies, off-price retailers are aggressively expanding and proving to be resilient.
The national occupancy rate dropped to 81.7 percent during the months of April to June, a 79 basis point drop from the quarter before, according to a quarterly report from the NIC.
The firm sees the 1,300-unit property, known as Parker Towers, as an affordable option for renters seeking alternatives outside of Manhattan and in parts of Queens, such as Long Island City, where new construction and sky-high prices are rife.
Overall, CBRE pegs the overall development pipeline as containing 474 MW of capacity in the primary U.S. markets, nearly 55 percent of which is preleased.