Monday Multifamily Links

Ross Rant give his opinion on how we should be viewing the markets.  What really is normal after this crash? GlobeSt.com: What is Really a Return to Normal? “Spending on hotels, industrial plants, and other commercial properties is going to set the pace for the construction industry over the next two years,” says Kermit Baker, … Read more

Monday Multifamily Links

The first half of this  article by John Miller provides more proof that Apartments are the best bet for investors.  Surges in demand have pushed rents in most areas and the continued trouble of homeowners facing strict lender requirements for home financing is only benefiting apartment owners. GlobeSt: Unaffordable Apartments; Trump’s Faux Run Ten year Treasury Yields decline … Read more

Monday Multifamily Links

The sale of The Mill at Mill Creek, 516 units, was finalized last week.  Greystar was able to obtain a $46.3 million dollar loan to finance the transaction. GlobeSt.com: Greystar Closes on 516-Unit Seattle Multifamily Buy Greenwood Avenue North received approval Tuesday for a 263-unit complex. Seattle Times: Planners approve Greenwood apartment complex Ten year … Read more

Monday Multifamily Links

According to Federal Reserve Chairman, Ben Bernanke, Fannie and Freddie may have to bear more losses to “stoke” broader recovery due to the continued weakness in the housing market. Seattle Times: Bernanke: Fannie, Freddie May Have to Suck Up More Losses Kenneth Riggs Market Forecast for 2012 shows Multifamily sector in for a robust 2012.  Stated … Read more

Monday Multifamily Links

Puget Sound super employer, Boeing, is closing down a plant in Wichita, Kansas which will result in more jobs for the northwest plant due to the recently approved deal with the Machinists union.  ”Business costs in Wichita are not competitive in the military maintenance, repair, and overhaul market,” says Mark Bass, VP and GM of … Read more

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