The incredible disappearing Starwood CRE investor
The $10 billion fund from Starwood Capital Group has been trying to preserve its available cash and credit by limiting investor redemptions. In the first quarter, the fund was hit with $1.3 billion in...
Lawyers take big government to the Supreme Court
“We all get to vote, but the ability to make legislation is no longer in the hands of the people we elect,” Columbia law professor Philip Hamburger said. As the administrative state implements more regulations...
Rent control still the wrong solution to housing woes
Restricting the price of housing kills incentives to supply places to live. Rent control is having something of a moment: In Los Angeles, tenants are invoking a law that imposes limits on apartments built on...
Rules that make dishwashers, wash machines perform worse also illegal
Plaintiffs argue that the Department of Energy has no legal authority to impose its own water use limits on energy-consuming home appliances. The federal regulations that make dishwashers and washing machines worse are also illegal....
Interest rates slow apartment development
Rising interest rates, tighter lending and flattening rents in parts of the country have left property companies from California to Florida waiting for financing that may not come soon. +500 days (up 45% from 2019)...
Appliance payoff models explode
^58 percent increase in requested quotes to thousands of appliance repair businesses y/y (2022-2023) ^43 percent increase in appliance spend in 2023 compared to 2013—rising from $390 to $558 over the decade Why? 1987. Home appliances...
How to assess a resident’s request for an emotional support animal
Multifamily housing providers are faced with increasing requests from residents with disabilities for emotional support animals (ESA). Requests for ESAs are generating more enforcement actions. In 2020, the U.S. Department of Housing and Urban Development...
Multifamily faces antitrust litigation
With national elections around the corner, some of the nation’s largest apartment companies are facing antitrust litigation over usage of a product that has become increasingly important to the industry since the first multifamily...