A report from the Idaho Statesman. "Downtown Boise has become a popular residential neighborhood, with more than 300 new apartments, townhouses and condominiums opening in the past two years. Amid a virtual stampede of developers rushing to put up Downtown housing, there will soon be even more choices. More than 1,000 units are in the planning stages Downtown and just south of it across the Boise River."

"Veteran Boise developer Clay Carley plans to join the frenzy. He wants to build a six-story apartment building with ground-floor retail stores at 5th and Grove streets. It’s too early to know what tenants will pay, he said. But here’s what 'market rate' means in other new apartment buildings: high enough to make even costly-to-build Downtown housing profitable in a hot market. Carley said he’s not worried about the fast-rising number of Downtown residences."

"'If we were more like other urban areas, Denver and Salt Lake City and others, I think we’d have almost twice as many apartments and condos Downtown as we do today,' he said. 'We’re still behind.'"

From Bisnow on New York. "New York's multifamily investors are lamenting the upcoming rent regulation that has frozen sales this year, and the city's condo developers are equally frustrated with the sluggish condo market. Money isn't changing hands very often on any level in the residential sector. Even though prices are dropping marketwide, they have not yet reached the point where buyers have started taking advantage of opportunities."

"Meridian Capital Group Senior Managing Director Morris Betesh pointed out that prices could be decreasing more, but developers of the tens of thousands of condo units on the market can only lower asking prices so much — they are legally required by lending agreements to get a certain price on their units. 'There’s definitely a tension between developers, investors and lenders about what to do with these condos that are sitting on the market,' Betesh said. 'For developers, there’s tremendous liquidity in the market from the debt capital markets to delay that through inventory loans or other means. So their hands haven’t been forced yet to drop pricing.'"

"Instead, developers are increasingly offering buyers other incentives. Hornig Capital Partners Managing Partner Daren Hornig cited Tishman Speyer and Extell Development — which has offered to pay 10 years of common charges on one of its Lower Manhattan projects, he said — as some of the city's biggest developers being the most aggressive with these tactics. 'It's the developers negotiating against other developers,' he said. 'Per-square-foot [price], that doesn't matter. It's these other incentives that are driving the market.'"

The Times Picayune in Louisiana. "Average rent in New Orleans fell in 2018 and the city saw the largest dip in rates for one- and two-bedroom apartments among major U.S. cities, according to a new online analysis. The city saw the sharpest decrease in one-bedroom rent in the nation, down 11.4 percent from the year before. Similarly, rent for local two-bedroom units fell at a nation-leading pace."

"At the same time, New Orleans has seen an uptick in multifamily construction, including new apartment high-rises in the Warehouse District and developments in Mid-City and the Lower Garden District."

From Senior Housing News. "Senior Living Communities CEO Donald Thompson foresees that current market pressures will last longer than many in the industry expect, and that there will be fruitful investment opportunities on the horizon. 'I don’t think this overbuilding is going to go away as fast as people think,' Thompson told Senior Housing News."

"'I had a bank the other day tell me, ‘We can help our developers live through this for a couple years, and it will be fine,' Thompson said. 'I’m thinking, ‘What if your move-in age moves a whole year in that phase? You’ve got three years to catch up, not two.'"

From McKnights Senior Living. "LTC Properties issued a notice of default to Thrive Senior Living on April 5, as well as a demand for payment of $2.6 million, the Westlake Village, CA-based real estate investment trust’s CEO Wendy Simpson, said. When asked why the company hasn’t paid 2019 rent, Clint Malin, executive vice president and chief investment officer, said, 'It’s a function of cash flow at the communities.'"

"Thrive operates a total of 20 communities, according to its website. Simpson said LTC continues to build a pipeline and evaluate opportunities — mostly private-pay assets, Malin added — but that 'closing transactions has been slower than we would like, as a pricing disconnect remains between buyers and sellers.' 'As long as private equity continues to pour money into the marketplace at what we believe are unreasonable valuation and risk, this discount is likely to continue,' she added."

The Real Deal on Florida. "Jorge Pérez’s effort to unload a four-bedroom penthouse he owns at One Ocean in Miami Beach may have just gotten more complicated. Miami’s condo king just chopped nearly 50 percent off his original three-year-old asking price of $20 million on the unit, in response to the oversupply of luxury condos."

"Now, One Ocean’s condominium association is alleging Pérez’s firm, the Related Group, along with seven companies involved in the project’s construction, did a defective job building the 50-unit project at 1 Collins Avenue in Miami Beach’s South-of-Fifth neighborhood."

"According to a Douglas Elliman’s first quarter sales report, 70 luxury condos sold in Miami Beach and the barrier islands, a 2.8 percent drop from the same period last year. Listings averaged 195 days on the market, a 41 percent increase compared to 2018’s first quarter."

From CBS News on Florida. "If your memories of the past accept a 'Jetsons' vision of the future, your concept of flying cars is not very accurate. But after decades of promises, it looks like flying cars are finally becoming real. The cost: $400,000 to $600,000. But coming up with the money won't be the only hurdle to driving (or flying) one off the lot. If you buy one, you'll need training in a gyrocopter, and a license to fly. And the cars will need runways, albeit very short runways – about 300 feet long to get airborne, according to pilot Bob Snyder."

"Of course, before anyone gets on board, all these flying taxis need space, like helipads, to take off and land. And developers on the ground have started paying attention to developments in the air. An ultra-luxurious condo building under construction in Miami advertises that its rooftop is ready to accept flying cars. 'We just don't have room to grow on our roads anymore,' said developer Dan Kodsi. 'And so, it's inevitable that we're gonna start seeing this Jetson-style lifestyle.'"

"Because it's Miami, there's a swimming pool on the roof now, but prospective buyers know their building could have its own so-called 'skyport' if and when flying cars become common. 'Some question it,' Kodsi laughed. 'I don't think people understand it enough.'"