Posted in November 17th, 2008
Several months ago Commercial Property News published a short article titled “Three Factors Keeping Multifamily Afloat”. Josh Seidman noted a couple of interesting facts in the article that recently surfaced in a discussion one of our team had with an investment group in the Deep South last week.
One of the points of interest in the […]
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Posted in November 13th, 2008
There’s been a fair amount of discussion in multifamily circles about multifamily starts and what effects difficult financing and the contracting economy will have in the near and long term.
Through October starts had maintained very near historic norms, though several gurus in the multifamily world are predicted near term declines. A couple of the seasoned […]
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Posted in November 12th, 2008
There’s been a fair amount of discussion in multifamily circles of the recently released Emerging Trends in Real Estate 2009 Report from the Urban Land Institute and PriceWaterhouseCoopers LLP. This report offers an interesting contrast to the opinion from the NMHC in the last post.
MarketWatch offered a reasonable summary of the release – here’s a […]
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Posted in November 12th, 2008
The National Multihousing Council (NMHC) has recently released their Quarterly Survey of Apartment Market Conditions – see the data here.
Here are some quotes from the NMHC’s VP of Research and Chief Economist, Mark Obrinsky and the recent press release -
“Nine straight months of job losses have begun to cut into the demand for apartment residences,” […]
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Posted in November 11th, 2008
Multifamily Executive’s recent article on several multifamily markets in the Midwest had some interesting things to say.
Author Jennifer Popovec opened the piece by noting a recent Forbes article titled “America’s Fastest Dying Cities” in which six of the top ten cities were located in the Midwest. The Midwestern cities earning these dubious honors were Ohio’s […]
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Posted in November 10th, 2008
There should be no doubt in the minds of those who read our blog regularly that we’ve been high on many Texas markets in terms of multifamily potential over the past several years. Texas’ economy is still plugging away at an impressive clip despite the national stresses and strains; Texas continues to attract new residents […]
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Posted in November 10th, 2008
The savvy team over at CalculatedRisk has a nice post up titled “The Commercial Real Estate Bust” – it actually went up yesterday.
As always they have a couple of nice graphs up comparing residential (appropriately including multifamily) with commercial real estate investment as a percent of GDP; the graph with current nominal data is reproduced […]
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Posted in November 8th, 2008
What a busy week for news - the election, further equity losses (some of the largest post election stock market losses on record), auto makers hanging on by a thread, national job market losses, rising unemployment – there’s a lot happening of significant import these days.
As the excitement / shock / distraction of the election […]
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Posted in October 28th, 2008
We’ve had a very impressive number of visitors to our website in the past few weeks either call or email with questions about the applicability of our local multifamily market analysis to the world of self-storage.
Very recently we’ve helped a group analyze Houston submarkets for acquisition of a pair of self-storage assets, and there’s no […]
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Posted in October 14th, 2008
Multifamily Executive is reporting that land sales have plummeted in 2008 – down nearly 75 percent as compared to the same time last year. As you’d expect, with the decline in sales volume there has also been a drop in price – in some area approaching a 60 to 80 percent decline in price.
Real Capital […]
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Posted in October 11th, 2008
ARA’s Seattle report emailed out today confirms a trend we’re seeing in markets all around the country – multifamily rental demand is up, in some markets impressively.
Here’s what ARA Seattle’s Lynn Porter reports this morning about the Seattle market -
In 2003 and 2004, only 12 percent of new households in King and Snohomish counties chose […]
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Posted in October 7th, 2008
Global law firm DLA Piper reported some interesting findings in their 2008 “State of the Market” Real Estate Survey. Here are few findings that have been the most discussed and reported on since the full survey was released –
– Sixty percent of respondents report that the current credit crisis has now eclipsed the savings and […]
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Posted in August 24th, 2008
Here’s the final promised installment from the private investor meeting I’ve been attending this weekend; please see the posts from yesterday and Friday with the same title (Parts 1 and 2) for important background information. We typically haven’t posted on Sundays, though this series of posts has been of significant interest to a number of […]
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Posted in August 23rd, 2008
Yesterday during the lunch break of our meeting I offered some thoughts, insights, and ramblings that had come to the fore during my meeting with a private investor team (please see yesterday’s post for the background information).
Here’s my summary of the team’s thoughts on several other issues.
Emerging Markets – the group interestingly kept referring to […]
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Posted in August 22nd, 2008
As I noted yesterday I’m meeting with a group of private investors in Colorado; it’s my pleasure to serve as a market analysis consultant for their meeting over the next couple of days. We’ve done some specifically customized market analysis for them which has been quite instructive for both their team and ours.
They’ve given me […]
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