Bozzuto acquires Gables property
Over the last decade and a half, it has made much more sense for Bozzuto to build rather than buy apartments. However, as it has become harder to pencil out new projects, the Greenbelt,...
Capstone’s Denver Brokerage Team Expands with Kevin Woolsey
Capstone Companies is pleased to announce the addition of Kevin Woolsey as Senior Investment Advisor to our apartment team.
Kevin brings a wealth of experience in the commercial real estate industry, with a proven track...
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...
Investors circle overleveraged apartments
Rescue capital is available for apartment borrowers that need it, but relatively few owners of over-leveraged apartment properties are willing to pay the price—so far.
High interest rates have stranded the owners of over-leveraged apartment...
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...
CBRE Secures Market-Leading Multifamily Team in Southern California with Rachel Parsons and Derrek Ostrzyzek
CBRE announced that it has reinforced its institutional presence in Southern California with the addition of a market-leading multifamily investment sales team consisting of Rachel Parsons and Derrek Ostrzyzek.
"Rachel and Derrek’s deep knowledge of...
Deal watch
Oliver Emerson Development, a father-son duo, wants to turn the former Rockford Watch Co. factory in Rockford, Illinois, into affordable housing.
“To be able to do it with my father and be able to contribute...
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....
INFOGRAPHIC: 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)...
INFOGRAPHIC: 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...
INFOGRAPHIC: Disparate impact of high interest rates
Disparate impact of high interest rates has adversely impacted millions of low- and middle-income families—and housing providers. More often high interest rates depress stock and housing prices, and other asset values— impacting all income...
INFOGRAPHIC: Demoralization in 1 easy step
spend like there’s no tomorrow
Runaway federal debt destabilizes resident incomes, interferes with housing production and depresses apartment rents (PRO IN THE KNOW)
$35 trillion debtor
Unrepentant, compulsive, unsustainable, untethered
U.S. interest payment scenarios
U.S. payments and rate projections...
Monopolies, elections and power, oh my
Technology is engineered toward empowering individuals, not government. Therein lies the problem.
From the Gutenberg press to automobiles to a networked world enabling people to work remotely, history’s greatest innovations—in some way great or small—liberate...
FirstService Residential Acquires CitiScape Property Management Group
FirstService Residential, North America's leading residential property management company, announced it has acquired San Francisco-based CitiScape Property Management Group.
Founded in 1999, CitiScape is a leading provider of residential and commercial association management services in...
