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Building in America Just Got Pricier — But We Cracked the Code

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Construction costs are smashing records nationwide. In New York City, the average cost to build now tops $534 per square foot — the highest in the world. San Francisco isn’t far behind at $512, with Los Angeles hitting $445. The culprits? Persistent labor shortages, inflationary material pricing, and supply chain disruption still reverberating from post-pandemic trade volatility. Developers across the country are feeling the squeeze. According to Turner & Townsend, nearly 50% of industry professionals expect supply chain conditions to worsen over the next 12 months, with construction cost inflation climbing to 5% in 2025 in some markets. But while most are struggling to keep up, we’ve taken a different route — and it’s working. At Elevation Development Services, we decided to flip the script. Instead of relying on the traditional (and increasingly fragile) web of third-party consultants and GC markups, we brought everything in-house — and it’s been a game changer. By combining end-...

Scroll Fatigue and the Quest for Real-Life Likes

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Remember when hanging out meant, well, hanging out—pizza boxes on the coffee table, someone’s dog stealing a slice, and nobody saying, “Wait, let me get a pic for the ’Gram”? Yeah, me too. A few months back, I’m at dinner when a buddy leans over his dumplings and thanks me—thanks me—for quitting Instagram. “I hit 5,000 followers,” he explains, “and then I saw someone else at 500-thousand. Suddenly my hobby felt like competitive downhill skiing in flip-flops. So I bailed.” Apparently we are a social-media Scared Straight program. Who knew? Here’s the truth: if you’re a suburban dad posting taco shots for sport, Instagram is optional. If you’re trying to rally investors, pitch projects, or spark a movement (hi, that’s me), social media is basically oxygen—only with more trolls. But let’s be honest: the apps can turn your brain into pixel mush. Jules Terpak, who studies digital culture, says all those “micro check-ins” trick us into thinking we’ve caught up with friends when, spoiler aler...

The Great Migration: Why Multifamily Developers Are Betting Big on Low-Density America

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By Daniel Kaufman www.danielkaufmanre.com Forget the skyscrapers—for the first time in a long time, the real action in multifamily construction is happening far from the urban core. Developers are planting their flags in places most of us weren’t watching a few years ago: suburban fringes, micro counties, and even rural regions. The numbers aren’t subtle—they’re loud. According to the latest Q1 2025 Home Building Geography Index (HBGI) from the National Association of Home Builders (NAHB), multifamily construction in low-density areas is booming. Meanwhile, big cities—especially core counties in major metros—are seeing a pullback in new development. This shift is not a blip. It’s a full-on structural rebalancing of where housing is being built—and it has major implications for how, and where, we deploy capital going forward. 📊 The Data Behind the Shift Here’s what the numbers say: Multifamily construction in low-density areas—including micro counties and outlying metro areas—jumped f...

From Dirt to Doors: Our 12-Step Blueprint for Smarter Development

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Real estate development isn’t just about construction—it’s about sequencing. At Kaufman Development, we don’t improvise—we execute. Our 12-step process transforms raw land into high-performing, income-producing assets. Every phase—from land acquisition and entitlement to architectural design, financing, and lease-up—is a calculated move. One misstep can derail a deal. One sharp decision can unlock extraordinary value. This isn’t theory—it’s a proven system grounded in data, discipline, and results. 📈 Want to understand how developers actually create value from the ground up? This is your blueprint. What do you think is the most overlooked step in the process? Download our free ebook: https://mission10k.com/wp-content/uploads/M10K-From-Dirt-to-Doors-Report-V3-AK-compressed.pdf

Multifamily Permitting Trends: The New Convergence of Key U.S. Markets

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The multifamily market is seeing some intriguing shifts as we dive into the latest U.S. Census data. While permitting momentum varies across major cities, four key markets have found common ground in their multifamily permit volumes, indicating some intriguing future trends for developers and investors. Here’s a closer look at the numbers and what they mean for the landscape of multifamily real estate development in 2025. A Convergence of Four Key Markets In the year ending April 2025, multifamily permitting levels across Austin, Orlando, Phoenix, and Atlanta aligned in a tight range between 11,400 and 12,300 units. This convergence is notable for its consistency across diverse regions, but the trends within these markets tell a deeper story: Austin: The Texan tech hub saw the steepest drop, shedding nearly 8,000 units YoY. Despite its reputation as a booming tech and real estate hotspot, this decline signals a cooling off, potentially influenced by shifting tech industry dynamics or h...

Why I Think Burlington, Vermont Is the Most Overlooked Real Estate Market in America

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When people think about hot real estate markets, Burlington, Vermont probably isn’t the first place that comes to mind. And that’s exactly why I’m so bullish on it. Quietly and consistently, Burlington and its surrounding towns are showing all the signs of a breakout market—and most developers are still asleep at the wheel. We’re not. We’re launching two new multifamily projects and one build-to-sell (BTS) community in the Burlington region. Here’s why we’re putting serious capital behind this area—and why I think more investors should take a closer look. Demand Is Strong. Supply Isn’t. The median home price in Burlington hit $555,000 this spring—up over 11% year-over-year. That’s not just appreciation; it’s a sign of limited inventory and serious buyer pressure. In April 2025 alone, the number of homes sold jumped by 185%, even as inventory only crept up by 22%. That’s a demand gap most developers would kill for. Burlington Has a Real Economy This isn’t a boomtown built on hype. Burli...

Hollywood Park Studios: LA’s Bold Play for the Future of Media

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Olympics. Streaming. Studio space. All roads are pointing to Inglewood. Los Angeles is betting big on its media roots—and real estate is once again the foundation. Billionaire developer and LA Rams owner Stan Kroenke is breaking ground on Hollywood Park Studios, a 12-acre production campus that fuses Olympic prestige with long-term entertainment upside, all steps from SoFi Stadium. Part of the massive 300-acre Hollywood Park development, the studio project isn’t just about adding soundstages—it’s about anchoring an entire media, tech, and sports district in the heart of Inglewood. For developers and investors watching LA’s next act, this isn’t just a story about studios. It’s a story about transformation. A Studio Designed for Global Spotlight Here’s what’s coming to the SoFi Stadium campus: Five 18,000-square-foot soundstages An 80,000-square-foot office building for production and postproduction A mill facility for set construction and prop work Dedicated trailer and equipment infras...