Looking ahead, developers must be even more disciplined when it comes to their approach to new development to ensure that their projects will create value for the communities and meet renter demand for many years to come. Developers/owners need to ask themselves, ‘How will this fit into the community at large, and what needs are Read more…
The desire of today’s renter for more space outside New York City has never been more keenly felt and Bayonne’s premier rental building is meeting the demand beautifully without sacrificing luxury or amenities. Lofts Two22 is a collection of 70 one- and two-bedroom residences ideally located in the heart of the Loft District immediately next Read more…
Ever since the pandemic began in earnest in March, we’ve heard a lot about New Yorkers exiting the city for distant places like Florida, or not-as-faraway spots like the Hamptons. With the city entering its latest reopening phase, emigres aren’t journeying nearly so far. Neither are renters. While intent on sidestepping apartments in Manhattan, the Read more…
The arrival of COVID-19 quarantines was ideally timed to put new proptech developments to the test. From video conferencing to virtual touring, tech-enabled advancements in real estate have experienced a workout, many coming through big-time in the clutch. Property managers and developers have grown to rely on virtual capabilities to stay up and running, as Read more…
Social distancing will have renters looking for locations that meet their need for more on-site open space while still providing the conveniences of urban living. The spaces we’ve dedicated to outdoor amenities on our properties, like fire pits and open courtyards, which some may have considered nice add-ons previously, are now on renters’ ‘must have Read more…
Lakewood-based LanTree Developments said Tuesday it hired industry veteran Jay McDermott as vice president of construction management. In his new role, McDermott will provide expert technical oversight for all projects in the LanTree portfolio, working closely with construction management firms and subcontractors to ensure the high quality of work that the company has come to Read more…
LanTree Developments has hired a veteran industry executive to help manage its growing construction pipeline of multifamily projects. The Lakewood-based developer on Tuesday announced the addition of Jay McDermott as vice president of construction management. In the new role, he will provide expert technical oversight for all projects in the LanTree portfolio, working closely with Read more…
Lakewood-based LanTree Developments said Tuesday it hired industry veteran Jay McDermott as vice president of construction management. In his new role, McDermott will provide expert technical oversight for all projects in the LanTree portfolio, working closely with construction management firms and subcontractors to ensure the high quality of work that the company has come to Read more…
Insurance premiums for apartment buildings have been rising faster than for the rest of commercial real estate, further squeezing landlord profits during a challenging period to collect rent. Renewal rates for multifamily insurance increased 33% on average over the past year, compared with 23% for the real-estate sector at large, according to insurance brokerage Marsh, Read more…
BAYONNE, NJ—Developer LanTree Developments reports that prior to the official launch of marketing of the property, the Lofts Two22 project has reached the 30% lease threshold. Due to the COVID-19 pandemic, Lakewood, NJ-based LanTree Developments has closed its property sale office and launched a virtual leasing campaign via YouTube for the property located in Bayonne’s Read more…