City living comes with cons—and for many, it’s sacrificing square feet. Fortunately for the self-storage sector, less space in the home means more is needed outside of ii, causing an increase in storage units near multifamily hotspots.
Aurora is forming a tax increment financing district to help pay for $50 million in benefits for the development of a new complex for the Hollywood Casino.
For months, mortgage rates rose with no end in sight, and potential homebuyers backed off. Now the reverse is happening.
Much has been made about rising rents in recent months, often with the implication that they are the result of price gouging. In fact, the explanation is much simpler. It’s simple Econ 101—the U.S. does not have enough housing to meet demand.
We have to change the perceptions of the industry,” Avanath Capital CEO Daryl Carter said. Avanath owns and operates about 16,000 apartments across 14 states. More than 80% of their units are affordable in the traditional sense, including tax-credit or Section 8 properties.
Join us live at our 2023 Commercial Economic Outlook Breakfast for two dynamic speakers. Dr. Anthony Chan will join us again back again by popular demand, along with Dan Seals, CEO of Intersect Illinois. Both speakers bring data to life through a national and state-wide lens. Join Mainstreet and CCIM Illinois for this powerhouse presentation that is sure to provide informational content to use through out the year.