News

New Housing Models Emphasize Community And Amenities Over Unit Space

Article from Bisnow, LLC (www.bisnow.com). Posted September 28, 2017. By Alec Berkman With the number of single adults across the age spectrum growing each year, providing affordable housing options that cater to this demographic is an increasingly prominent priority for developers and policymakers. “One popular solution is ‘co-housing,’ which typically entails smaller dwelling units in…

One Way Millennials Are Having A Big Impact On Big Companies

Article from Yahoo Finance. Posted October 5, 2017, by Julia La Roche The millennial generation has a different attitude about where they’d like to work and live, and that’s having a significant impact on corporate America and subsequently commercial real estate. “I think millennials are having a big impact, particularly for big companies, companies in…

For Multifamily Developers, It Is All About The Dogs

Article post from Bisnow (www.bisnow.com). Posted October 2nd, 2017. By Kyle Hagerty. Multifamily has gone to the dogs. High-end pet facilities are becoming the must-have amenity, creating community and driving leasing. “It’s all about the dogs,” Woodbranch Management President Philip Schneidau told the crowd at Bisnow’s Future of Downtown Houston event last Wednesday. “Seriously, you…

The Evolution Of The Multifamily Fitness Center

Article posted by Bisnow, LLC (www.bisnow.com)  Posted July 13, 2017 by Alec Berkman. Fitness centers are still a must-have in any community, according to the National Apartment Association. They are the most upgraded community-wide amenity since 2014, and J Turner Research found that 46% of tenants are willing to pay a premium for centers with classes….

Fields Foods To Open In New Dogtown Apartments

Article from St. Louis Post-Dispatch. Posted September 7th, 2017. By Jacob Barker Fields Foods, the independent grocery store in Lafayette Square, will open a second location in a new apartment complex planned for the city’s Dogtown neighborhood. Jeff Tegethoff, a principal of Indianapolis-based Pearl Companies, said Thursday his company has closed on the nearly one-acre…

First Look: Hibernia, In The Heart of Dogtown, St. Louis

Article posted by Pearl Real Estate Managment (Pearl Companies).  Posted August 22nd, 2017.  Indianapolis-based real estate developer, Pearl Companies, has done it again…another multi-family residential complex is in the beginning stages of design, only this time from the ground up. Pearl Companies is teaming up with Klitzing Welsch Associates and Raineri Construction (both out of…

First Look: The Wyndham On Delaware Taking Shape for Pearl Companies

Article posted by Pearl Real Estate Managment (Pearl Companies).  Posted August 15th, 2017.  Indianapolis-based multi-family and mixed-use developer, Pearl Companies, is on their way to completing a 7-story, 37-unit residential apartment community called The Wyndham on Delaware. The building is located at 1040 N Delaware Street, right in the heart of the St. Joseph historic…

Keeping Your Residents, Losing Your Residents

Article from Units Magazine (National Apartment Association).  Posted in the August 2017 issue.  Following are the top 10 reasons why residents move in and move out, according to the 2017 SatisFacts Insite Move In/Move Out Survey. Why Residents Move In 1. Apartment’s appearance & condition 2. Apartment’s availability 3. Convenience—general location 4. Rent specials/value 5. Apartment’s space & design 6. Apartment…

Affordable Housing And Historic Preservation Go Hand-In-Hand

Article from Multifamily Executive (www.multifamilyexecutive.com). Posted June 21st, 2017. By Citylab and Stephanie Meeks. America has an affordability crisis, but young renters want to live in urban environments, even though they are much more expensive. Many think that putting up new high-rises over-developing is the answer, but Stephanie Meeks, president and CEO of the National…

Forget About Millennials – Experts Are Now Going After Marketing To Generation Z

Article from Business Insider. Posted July 16th, 2017. By Taylor Lorenz. No millennial attracts more mockery than the “thought leader.” These self-described experts, also known as brand consultants, travel the globe engaging in the debatable science of telling companies how a generation comprised of over 75 million people likes to eat, work, shop and live, all the while pulling in…

3 Myths About Starting A Company In The Midwest That Could Not Be Further From The Truth

Article from Business Insider (www.businessinsider.com).  Posted July 8th, 2017. By John Wechsler. Indianapolis has historically had trouble shaking the “sleepy manufacturing town” image, much like neighboring cities Cincinnati and Cleveland. But, when Salesforce announced the $2.5-billion acquisition of Indianapolis-based ExactTarget in 2013, the business community began to reconsider the stereotype. Was innovation possible between the coasts?…

Yardi: Rents Rise By 1.5% Nationwide In May

Article from Multifamily Executive (MFE). Article Posted June 5th, 2017. By Mary Salmonsen The average U.S. monthly rent rose in May for the third month in a row, up by $4, to $1,316, according to the latest Matrix Monthly survey by Yardi Matrix. These increases belie the long-standing rent-growth deceleration trend, which has continued unbroken…

The Coliving Trend: Sharing An Apartment With Strangers

Article from The New York Times, posted May 5th, 2017. By Kim Velsey. Over the last decade, Long Island City, Queens, has become a refuge for Manhattan professionals who want a short commute and an apartment in an amenity-laden high-rise, but don’t want to split a Murray Hill two-bedroom three ways to get it. But as…

6 Reasons Why More Millennials Aren’t Buying Homes

Article from Business Insider (www.businessinsider.com). Posted June 5th, 2017. By Akin Oyedele Millennial home-ownership in the US is at a record low. The age range of millennials — Bank of America Merrill Lynch economists used 25 to 34 — is usually prime time for purchasing a first family home. That demographic factor is one reason why some…

Pearl Companies: Dogtown Apartments, Grocery Store Move Ahead

Article from the St. Louis Post-Dispatch. Posted May 31, 2017.  By Jacob Barker A $26 million mixed-use project in St. Louis’ Dogtown neighborhood advanced Wednesday after winning an endorsement from a city commission tasked with reviewing development incentives. Pearl Companies of Indianapolis has been working for months on a proposal to build a 100-unit apartment…

Nearby Gyms Attract Renters, Buyers

From Multifamily Executive (MFE) Magazine. Article posted March 17th, 2017. By MFE staff writers.   Much like people seek out apartments and condos near good schools and restaurants, it seems a new community staple is garnering attention of would-be renters and buyers: gyms and workout studios. MarketWatch staffer Sally French reports that the percentage of…

Benioff: Why Salesforce Is Investing In Indy

From The Indianapolis Star (IndyStar). Article Posted May 20th, 2017.  By Marc Benioff – Chairman and CEO of Salesforce Indianapolis is a national leader in creating jobs requiring science, technology, engineering and math skills. The region’s universities and community colleges produce a pipeline of graduates with high-tech know-how.   In today’s global economy where everyone…

Indianapolis Named City To Watch By Conde Nast Traveler

From The Indianapolis Star (IndyStar). Article posted April 20, 2017.  By Holly V. Hays The magazine cites — you guessed it — Indy’s growing food scene as a reason why the city made the list. Take that, Carmel. Just when you thought you had something over Indianapolis by being named the best place to live,…

Freddie Mac: More Renters Financially Confident, Plan To Stay Put

From Multifamily Executive (MFE) Magazine. Article posted April 10, 2017. By Brian Croce The latest renter survey from Freddie Mac is packed with good news for the apartment industry. A growing number of renters are optimistic about their financial situation and expect to stay where they are even if their rents increase, the research findings,…

India-Based Tech Firm Plans 2,000 Jobs In Indianapolis Area

From the Indiana Business Journal (IBJ) – Article posted May 2nd, 2017.  Written by IBJ staff In the biggest economic development agreement Indiana has reached in more than a decade, India-based technology consulting firm Infosys Ltd. on Tuesday announced plans to open an $8.7 million tech and innovation hub in the Indianapolis area that could employ as…

Indianapolis Is America’s Best City For Renters In 2017

From Forbes Magazine – Article posted March 8th, 2017.  Samantha Sharf, Forbes Staff Indianapolis tops our list of the best cities for renters this year thanks to astonishingly low average monthly rents and astonishingly high levels of affordability. The average Indianapolis rent is just $806, eating up a mere 17% of the median household income for the…

Dogtown Apartment Developers In Talks With Local St. Louis Grocer

From the St. Louis Post-Dispatch – Article posted April 11, 2017.  By Jacob Barker Developers of an apartment project in St. Louis’ Dogtown neighborhood say they’re in talks to open a grocery on the ground floor of the proposed building. Pearl Companies of Indianapolis has already won neighborhood backing for the 100-unit apartment building at…

Pearl Companies Brings High-End Condos To Downtown Cincinnati

From the Cincinnati Business Courier – Article posted January 4th, 2017.  Tom Demeropolis, Senior Staff Reporter An Indianapolis development company is working to convert a downtown Cincinnati office building into residential condominiums. Pearl Companies has purchased the office building at 813 Broadway St. and will start converting it into condos in February. The project will transform the more-than-19,000-square-foot…