This article deals with recent negotiations and decisions by the International Code Council regarding changes to the 2009 International Building Codes. Many of the proposed changes to apartment buiding codes which would have added significantly to apartment building costs were opposed and defeated by representatives of the building industry. Multi-Housing Groups Defeat Code Proposals That Would Have Negatively Impacted Apartments Published: November 05, 2008 By Erika Schnitzer, Associate Editor, Multi-Housing News Washington, D.C.—The International Code Council (ICC) has completed its 2009 edition of the international building codes. The codes will […]
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RECENT APARTMENT PRICES
November 17, 2008 in COMMERCIAL R.E.
The article below discusses prices in apartments in recent months and compares them to prices for single family home prices in the same time frame. While Single Family Prices Make Biggest Drop in S&P Index’s History, Apartment Prices Show Signs of Flattening Published: October 28, 2008 By Anuradha Kher, Online News Editor, Multi-Housing News New York–Even though the apartment sector had the highest returns over the past 12 months among all commercial real estate types at +0.4 percent, prices remained flat, according to Standard & Poor’s July results for the […]
COMMERCIAL REAL ESTATE DEBT STILL EXPANDING
November 4, 2008 in COMMERCIAL R.E.
The comments below support the fact that financing is still available for commercial properties despite rumors to the contrary. Commercial Real Estate Debt Still Expanding From FeedBlitz – 10/1/08 The CMBS market may be frozen, but the level of outstanding commercial real estate debt continued to expand during the second quarter. Commercial and multifamily mortgage debt outstanding rose 1.5% in the second quarter, to $3.44 trillion, the Mortgage Bankers Association reports, based on an analysis of the Federal Reserve Board Flow of Funds data. Amid the current credit crunch turmoil, […]
IS STUDENT HOUSING OVERHEATED?
November 3, 2008 in COMMERCIAL R.E.
The following article discussed the statua of student housing which has been a growing segment of rental housing in recent years. There are a number of major developers who are specializing in building and managing student housing and they will continue to be a major factor. In addition there continues to be many opportunities for smaller investors to buy or build apartments in locations close to campuses across the U.S. aimed at the student population. Is Student Housing Overheated? Sep 23, 2008 4:05 PM, By Poonkulali Thangavelu, Multi-Housing News WASHINGTON, […]