A report from the Wall Street Journal. "We Co. Chief Executive Adam Neumann likes to say that office space is for WeWork what books were for Amazon Inc.—just the beginning. He even boasted that his rental-apartment venture WeLive would become bigger than WeWork. In a 2014 presentation to investors, the company predicted that WeLive would account for $605.9 million in revenue by 2018. The business never got off the ground."

"In a WeLive building in lower Manhattan, the company and its landlord spent $42 million to turn 21 floors in a former office tower into furnished, shared apartments, according to an offering prospectus for the building. The building’s residential portion has struggled to turn a profit since it opened in April 2016, according to people briefed on its financials."

From KTBS on Louisiana. "Some homeowners on the west side have had enough of affordable housing and dollar stores. But plans for both are in the works at or near one intersection. A developer has designs for a wooded lot just south of the intersection. Rowanoak Development of Pearl, Mississippi wants to build 44 low-income housing units. But opponents say they're not needed."

"'There is affordable housing available in west Shreveport already. And we have approximately 25 to 26 percent vacancy rate among those 15 complexes that are already within our community' says Joyce Lawrence, the researcher for the West Shreveport Alliance."

The Dayton Beach News Journal in Florida. "Six years ago, a Toronto-based real estate development company started looking into constructing a luxury apartment building near the corner of Orange Avenue and Martin Luther King Jr. Boulevard. The project didn’t make economic sense. Why put up apartments that would charge the highest rents in the city in the middle of Midtown, an area long held down by crushing poverty?"

"That deal fell apart and remains mired in litigation. And nearly a full city block in Midtown is wasting away behind a chain-link fence. Now Heron, which still owns the land, has partnered with another developer offering a completely different plan for the 2-acre site. While Beneficial Communities Partners tries to get everything lined up, the vacant apartment site continues to deteriorate. The once-raucous Safari Lounge sits silent, its back deck shredded by strong winds and a rickety wooden fence leaning toward the ground. Three homes next to the shuttered bar that could be charming monuments to early 1900s life in Midtown have dislodged shingles, rotting wood, torn window screens and weedy grass sprinkled with trash."

The Press Enterprise in California. "The Inland Empire has seen a 243% surge in the construction of large apartment complexes this year. Chris Tourtellotte, managing director of acquisitions for a Los Angeles-based builder of higher-end apartments, said his company and others who build in the L.A. metro region face constant challenges."

"Tourtellotte acknowledged that more affordable housing units are needed in Los Angeles. But developers are given no financial incentive to build them, he said, and with rents in those units being so low, the projects provide virtually no revenue for builders. 'It’s a pure giveaway,' he said."

The Midland Reporter Telegram in Texas. "Midland again has the highest average rent in the state during the month of August, according to RentCafe. The average rent in Midland was $1,569, which was a 1.4 percent drop month over month and a 1.6 percent drop year over year, according to the August Rent Report. A Permian Basin Apartment Association official reported last week that the vacancy rate in Midland is around 95 percent, down from 97 percent one year ago."