Follow this tag to curate your own personalized Activity Stream and email alerts.
Manhattan is glutted with even more luxury condos than most apartment-shoppers realize. [...]
The secret supply is a heavy weight on a market in which sales, especially of higher-end properties, have slowed to a crawl. It would take take 74 months -- more than 6 years -- to clear all of Manhattan’s unsold units at the pace of contracts in 2019, the report shows.
— Bloomberg
Bloomberg on how a vast "shadow inventory" of nearly 6,000 recently completed units puts added stress on Manhattan's slowing real estate market, especially in the higher-end segment. Related: Condo-boom hangover: More than a quarter of NYC's new units remain unsold View full entry
An Oakland City Council member’s plan to house up to 1,000 homeless people on a cruise ship in the bay could actually set sail.
Because the International Maritime Organization is imposing more stringent emissions regulations in 2020, and some ships won’t be able to upgrade their engines to the new standards in time...Instead, they could dock them at the Port of Oakland or a private dock and plug into electricity...
— East Bay Times
Led by City Council president Rebecca Kaplan, the plan seeks to create affordable housing through a creative approach grounded in history. According to the East Bay Times, ships were used to house relief workers responding to Hurricane Dorian in the Bahamas this past September; FEMA chartered... View full entry
In London, where it is often difficult, if not nearly impossible, to build new ground-up residences, many architectural firms specialize in helping families give their "traditional"-looking homes contemporary updates. Initiatives like New London Architecture (NLA)'s annual "Don't Move... View full entry
In case you haven't checked out Archinect's Pinterest boards in a while, we have compiled ten recently pinned images from outstanding projects on various Archinect Firm and People profiles. (Tip: use the handy FOLLOW feature to easily keep up-to-date with all your favorite Archinect profiles!)... View full entry
Some know it as “The Beverly Hillbillies” mansion, others as Chartwell. Now, it has a new name: California’s chart-topper.
The Bel-Air residence of late media mogul A. Jerrold Perenchio has sold for the highest price in California history, about $150 million. The buyer is Lachlan Murdoch, son of Rupert Murdoch and co-chairman of publishing company News Corp., The Times has confirmed.
— Los Angeles Times
The spacious estate at 875 Nimes Road in Bel Air, also known as "The Beverly Hillbillies" mansion from the 1960s TV show, finally changed owners for an undisclosed amount, which sources familiar with the deal told the LA Times, was around $150 million. While the deal would easily beat the previous... View full entry
Famed French architect Odile Decq reveals images of her first residential project in Barcelona. The studio is responsible for designing the interiors as well as the architecture for the luxury residential tower that is located along the Mediterranean Sea. According to Decq and her team each... View full entry
Columbia University plans to bring a 34-story residential tower to West Harlem amid its massive campus expansion.
The project at 600 West 125th Street will span just over 175,000 square feet and have 142 units for students and faculty, according to an application with the city Department of Buildings. It will replace a decades-old McDonald’s that closed a few months ago.
— The Real Deal
The tower, slated for completion in 2022, aims to "reduce demand on the local housing market," The Real Deal quotes a Columbia University spokesperson. View full entry
The red-hot housing market has made it difficult for adults, especially Millennials and single families, to afford decent accommodations. With the increasingly popular tiny home movement, it's become clear that this appealing lifestyle trend is turning into a viable solution to the looming housing... View full entry
In New York, hope sometimes comes at the price of the sun.
The city welcomes poor immigrants, but its housing does not. Most rents are far beyond the means of people like Amado, who arrive looking for a better life or to make money to send back home.
So they turn to the basements of Queens.
— The New York Times
The New York Times has produced an interactive photo essay profiling New York City residents in the borough of Queens who live in some of the city's windowless basement apartments. The arrangement, derived out of economic necessity and rooted in a desire to stay out of sight, provides newly... View full entry
Every year the International Union of Architects (UIA) reminds the globe to celebrate World Architecture Day (WAD). However, like most annual holidays that generate a large amount of interest within a 24-hour period, but quickly fade away as the day ends, there's hope that this year's festivities... View full entry
Representative Alexandria Ocasio-Cortez has unveiled a series of sweeping legislative proposals that could, among other things, reshape access to housing in America. The so-called A Just Society: Uplift Our Workers Act plan is made up of six separate legislative proposals that each... View full entry
Are you interested in designing housing? If so, we've got you covered. Ranging from high-end residential projects to mixed-use housing and community-focused housing initiatives, these nine firms are seeking the right candidates to join their team. Guggenheim Architecture + Design... View full entry
Microsoft, King County and the King County Housing Authority will invest $245 million to provide affordable rents for more than 3,000 low- and middle-income residents through the purchase of five apartment complexes.
King County housing authority will buy apartment complexes in Kirkland, Bellevue and Federal Way to ensure that the residents aren’t faced with skyrocketing rental costs seen across the region, the organizations announced Thursday morning.
— The Seattle Times
The 1,029 units purchased in the deal are, according to The Seattle Times, located in areas rich in "naturally occurring affordable housing" that are also particularly vulnerable to displacement. Microsoft loaned the King County Housing Authority. $60 million for the effort; The... View full entry
The rise of micro-homes and micro-apartments has created debate over how much space is needed to live comfortably and happily. A recent report conducted by researchers from Brigham Young University explores how individuals perceive space in their homes and how that influences personal... View full entry
Among the more than 16,200 condo units across 682 new buildings completed in New York City since 2013, one in four remain unsold, or roughly 4,100 apartments — most of them in luxury buildings, according to a new analysis by the listing website StreetEasy. [...]
Already the prices at several new towers have been reduced, either directly or through concessions like waived common charges and transfer taxes, and some may soon be forced to cut deeper.
— The New York Times
Despite record-breaking residential construction in New York City, sales of apartments have slowed steadily in recent years. NYT real estate reporter Stefanos Chen has analyzed the latest numbers of unsold units, especially in the higher price ranges, following a glut of inventory in newly... View full entry
