Saturday, November 23, 2024

Tag: May June 2024

High interest rates have stranded the owners of overleveraged apartment properties worth billions of dollars.

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...
A 2024 decision by the New Jersey Supreme Court in Players Place II Condominium Association, Inc. v. K.P. applied federal and state law and provides important guidance for an HOA to avoid a housing discrimination claim.

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...
Present day Rockford Watch Company opened near the Rock River in Rockford, Illinois. the factory’s vivid history includes a number of contrasts: years of great prosperity followed by market competition and insolvency in 1896, followed by successful reorganization headed by Jacob Franks and Max C. Eppenstein in 1901. a fire in July, 1903, followed by a lightning strike in September, 1903, destroying the chimney, boiler house and large part of the machine room. Some months later lay-offs were announced. After producing nearly a million pocket watches, the factory closed in 1915.

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...
Rent control still the wrong solution to housing woes

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...
Plaintiffs argue that the Department of Energy has no legal authority to impose its own water use limits on energy-consuming home appliances.

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...
Interest rates slow apartment development

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...

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...
Disparate impact of high interest rates

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...
PRO IN THE KNOW Runaway federal debt destabilizes resident incomes, interferes with housing production and depresses apartment rents

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,...
National rent control didn’t pan out, so in order to crack down on “big landlords who break antitrust laws by price-fixing and driving up rents,” the Biden administration’s latest scheme is to enlist the U.S. Department of Justice and Federal Trade Commission as antitrust enforcers. Such irony would be funny if this didn’t undermine the homes that the nation so desperately needs.

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...
“What you don’t have, and what’s required for collusion, is a horizontal agreement among competing property operators to all use that software and to delegate their rent setting authority to a third party. “From what I’ve seen, and from what we’ve been able to discern from the industry, there’s nothing like that happening,” said David Cross, a partner at San Francisco-based Morrison & Foerster’s antitrust litigation practice.

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...

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