Trends in Real Estate Development

Green Light: Environmentally Friendly Building Becoming The Norm

Source: Traverse City Business News (April 1, 2020) – When it comes to building, it’s now easy being green. According to the United States Green Building Council, roughly 40% of the single-family house market is made up of green homes and 84% of new residential construction projects incorporate “sustainable features.” The Traverse City Business News spoke to…

A Sustainable Building surrounded by greenery

Multifamily Developers Embrace Green Building

Benefits like increased energy efficiency and cost savings, combined with heightened resident demand for sustainable features, are driving multifamily developers to go green. Source: Multi-Housing News (May 2, 2018) – Alongside the development boom that Marcus & Millichap estimates will add 335,000 new multifamily units to the nation’s inventory this year, another phenomenon is emerging.…