In Case You Missed It: Week Ending Jan. 27

Apartment deal volume in 2016 sets new record; looking past gateway multifamily markets;  construction rounds out 2016 on a high note; and more in this week’s roundup of apartment news.

2016 a Record-Breaking Year for Apartment Deal Volume

Multifamily Executive – January 26, 2017
“Apartment deal volume reached record levels last year, with 3% year-over-year (YOY) sales growth for 2016 on a volume of $158.4 billion nationwide, according to the year-end U.S. Capital Trends Apartment Report from real estate data firm Real Capital Analytics (RCA).”

Looking Beyond the Gateway Markets

National Real Estate Investor – January 26, 2017
“The evidence for pivoting investment toward non-gateway markets is substantial, but you don’t have to consider tertiary markets when seeking the greatest growth potential. Metropolitan areas such as Phoenix, Denver and Philadelphia are ripe for higher risk-adjusted returns through prime quality, cash-flowing assets.”

Multifamily Housing Construction Finished the Year on a Strong Note with 26% Rise in New Starts

MultifamilyBiz – January 26, 2017
“Single family housing showed moderate improvement, while multifamily housing witnessed growth in numerous markets with the notable exception of New York NY, which retreated after the robust activity reported in 2015.”

Perfecting public transportation: 10 U.S. cities with progressive plans

Curbed – January 26, 2017
“All cities are connected, both literally and figuratively, through transportation. Whether it’s by car, bike, bus, rail, or our own two feet, urban dwellers share the common problem of navigating quickly and easily, and cities share the burden of putting systems in place to make that possible.”

Peak Millennial? Cities Can’t Assume a Continued Boost From the Young

The New York Times/The Upshot – January 23, 2017
“Over the past decade, many American cities have been transformed by young professionals of the millennial generation, with downtowns turning into bustling neighborhoods full of new apartments and pricey coffee bars. But soon, cities may start running out of millennials.”

Smog-Eating Mega Skyscrapers Are Coming

Wall Street Pit – January 17, 2017
“Staying true to their promise of being ‘where the future takes shape’, Arconic, a company formed from the split of Alcoa Corp (NYSE:AA) in 2016, has recently released a video (posted below) showing their vision of what the future might look like in 45 years.”