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Builder Activity Drops 15% as Single-Family Recovery Stalls

Housing starts fell 15.4% in May to 1.177 million, far below forecasts, as builders pull back on single-family projects amid affordability pressures. The post Builder Activity Drops 15% as Single-Family Recovery Stalls appeared first on Propmodo.

California Aviation Startup Brings $4.7 Billion Factory to Greensboro

JetZero breaks ground on $4.7 billion aircraft plant in Greensboro, targeting 14,500 jobs and production of fuel-efficient blended-wing commercial jets by 2029. The post California Aviation Startup Brings $4.7 Billion Factory to Greensboro appeared f...

Student Housing Is Becoming the Test Lab for Multifamily Tech

Student housing is evolving into tech-driven, lifestyle-focused communities where mobile access, smart features, and data insights redefine modern living. The post Student Housing Is Becoming the Test Lab for Multifamily Tech appeared first on Propmo...

Builder Confidence Stuck Below 40 for 14 Consecutive Months

Homebuilder sentiment fell to 35 in June, marking 14 months below 40 as the South region posted its steepest drop since late 2023. The post Builder Confidence Stuck Below 40 for 14 Consecutive Months appeared first on Propmodo.

Corporate Office Relocations Make Nashville and Orlando Innovation Centers

Nashville and Orlando attract corporate relocations and Gen Z talent as office costs and migration patterns shift away from San Francisco and New York. The post Corporate Office Relocations Make Nashville and Orlando Innovation Centers appeared first...

The Digital Experience Renters Expect Now Requires a Different Kind of Wi-Fi Strategy

Next-gen connectivity is transforming multifamily living, redefining resident experiences, and setting new standards for digital infrastructure. The post The Digital Experience Renters Expect Now Requires a Different Kind of Wi-Fi Strategy appeared f...

WeHo developer seeks extra floor as density bonus for one affordable unit

A developer wants to build a four-story apartment building near West Hollywood’s city limits. Property owner Dariush Lamy submitted plans to the West Hollywood Planning Commission’s Design Review Subcommittee for a four-story building with ...

Onni scores city planner approval for twin resi towers in Arts District

Onni Group has gotten the green light from Los Angeles city planners for a mixed-use project in the Arts District. The Los Angeles City Planning Commission approved a proposal from the developer for twin residential towers at 2143 East Violet Street,...

Beverly Hills’ largest resi project lands $85M construction financing

Abraham Assil’s persistence is closer to paying off. His firm Westland Development Group’s Beverly Hills development site that spent more than a decade in the entitlement pipeline is moving into construction after an $85 million funding injec...

Lender claims Elk Development owes $60M on Hollywood apartments

Elk Development owes about $60 million on Hollywood apartments, according to two notices of default dated early June. Acres Capital loaned Elk around $41 million via a construction note five years ago. The note was amended and increased to $44 ...

Meg Ryan’s former Montecito estate re-lists for nearly $20M a year after flip

Meg Ryan’s former Montecito estate is back on the market a year after the actress flipped the property. The oceanview compound at 857 Picacho Lane has returned to the market asking $19.9 million, roughly $3.1 million more than the $16.8 milli...

HVN Development plots another affordable housing play near LAX

HVN Development is doubling down in Westchester with latest affordable housing push. Irvine-based HVN filed an application with the City of Los Angeles to build a five-story, 77-unit affordable housing development at 8811 South Reading Avenue just no...