handytrac-blog

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According to Recology San Mateo County, this mandatory commercial recycling bill applies to office buildings, retail establishments, restaurants, non-profits, strip malls and government buildings that generate four or more cubic yards of garbage per week. Additionally, multifamily dwellings (apartments, townhomes and condominiums) that generate five or more cubic yards of garbage must also recycle. [Note: A cubic yard is approximately the size of an average washing machine.]

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After a 30 percent drop in home prices in the last four years and forecasts of a slow real estate recovery, industry analysts are seeing a greater demand for rental housing. Though the residential market has suffered overall, the rental business has been thriving. Rental prices are on the rise and occupancy at apartment complexes is higher than it's been in the last three years.

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New York City multifamily transaction volume rose 29 percent in April 2012 compared to April 2011, but year-over-year dollar volume fell by 18 percent, according to Ariel Property Advisors’ Multifamily Month in Review: New York City.

April 2012 multifamily sales saw 44 transactions comprised of 64 buildings totaling $376.832 million in gross consideration, compared to April 2011, which saw 34 transactions comprised of 61 buildings totaling $462.291 million in gross consideration.

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Gables Residential (http://www.gables.com), a leader in the management and development of multifamily apartment communities has announced the appointment of Sue Ansel as the company’s President and Chief Executive Officer.

Sue Ansel most recently served as Gables’ Executive Vice President and Chief Operating Officer. In her twenty-five year career with Gables, she has had oversight of operations, served in development roles and led important initiatives including the advancement of real estate technology efforts, third-party client services, and the establishment of the asset management group. Because of her exemplary leadership, Sue was chosen to fill the seat vacated by outgoing President and CEO, David Fitch.

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At the peak of the housing bubble, who would have thought that renting an apartment would be preferable to home ownership in 2012? That is the advice many advisors are giving to potential first-time buyers in the age range of 21 to 35 years. As a result of this change in the housing market, the stocks of REITs that specialize in multi-family development, ownership and management have been surging to new highs.

This article compares some of the Real Estate Investment Trusts that own multi-family properties, in an effort to discover if any good investment values remain in this pricey sector.

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The recovery may be slow, but don’t tell that to the apartment industry. As fundamentals continue to race ahead, young adults lead a release of pent-up demand that won’t stop anytime soon.

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According to the report, “The only segment of the home building sector now showing clear signs of recovery is multifamily housing,” noting that housing starts for multi-family units have increased 54 percent in 2011 over the previous year.

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What do Greece's perilous position and Facebook's triumphant situation have in common with multifamily development? It's all about community.

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“The home of future will be smaller and more energy efficient."

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Anyone working in the commercial real estate business in Minneapolis/St. Paul knows that the region’s multi-family sector is thriving today. Now a new report from Marcus & Millichap Real Estate Investment Services says that the Twin Cities’ multi-family market isn’t just performing well, it actually ranks as one of the strongest in the nation.