MultiFamily Executive magazine has a great article on the hot markets for 2011. A shortage is brewing in the multifamily market as there have been very few new building projects the past few years. Over time this will catch up and create a need for more units… they predict this has already started http://multifamilyexecutive.com/development/the-5-hottest-markets-for-2011-apartment-development.aspx? Are [...]
Archive for News
Cedar Rapids Ia market update as read at Forbes
Forbes recently posted a very interesting and upbeat article on what we in Cedar Rapids already know but not everyone around the country does! First read the article here: http://blogs.forbes.com/kurtbadenhausen/2010/10/29/names-you-need-to-know-in-2011-cedar-rapids/?ref=nf This is a testament to the the investment market we have in Cedar Rapids. Combine that with solid multifamily investment properties and you can’t find [...]
Wall Street Journal reports Apartment Rents Rebound
The Wall Street Journal reported apartments rents have rebounded making apartment owners happy! Vacancies are down which has allowed some owners to raise rents You can view the entire article here: http://online.wsj.com/article/SB10001424052748703298504575534473154081764.html?mod=residential_real_estate
IT’S APARTMENT TIME!
My associate Bob Wilkes wanted me to send this to everyone: The $8,000 tax credit for home buyers expired April 30th. That credit pushed home sales forward and as expected June and July home sales declined rather drastically. It’s our opinion that most of the would be buyers are gone and that leaves the renters. [...]
C.R. landlords face registration deadline
CEDAR RAPIDS – The city is reminding landlords they have until Oct. 31 to register rental units with the city or face a penalty of $1,000 for each month they fail to register. GOVERNMENT NOTES The one-time license fee is $50. The city is particularly concerned that small landlords – those perhaps renting a part [...]
Another solid report of the MultiFamily recovery!
MultiFamily Executive reported the apartment/multifamily recession is now over! Most of the examples are outside the midwest but good market conditions on the coasts generally lead to better conditions in the midwest. Read the entire article here: http://multifamilyexecutive.com/dispositions-and-transactions/lets-make-a-deal-apartment-transaction-volume-surges.aspx?rssLink=Let%E2%80%99s+Make+A+Deal:+Apartment+Transaction+Volume+Surges
WSJ reports Multifamily Sales defy the slump
In this article: http://online.wsj.com/article/SB10001424052748703399404575506283325123138.html?mod=residential_real_estate the Wall Street Journal reports multifamily sales are on the rise. We’ve seen similar activity in the midwest and really never saw a decline in multifamily apartment sales. The second quarter 2010 sales were up 32%! If you’re thinking of buying or selling multifamily apartments contact us and we’ll help you [...]
REJournals reports MultiFamily remains top market performer
Recently in an article published by REJournals http://www.rejournals.com/2010/08/01/multi-family-market-remains-top-performer-in-midwest/ Ed Padilla didn’t hesitate to say the strongest commercial market today continues to be multifamily!
Loopnet reported Multifamily Fundamentals Bouncing Back
Multifamily sector fundamentals are bouncing back after about two years of steady declines, according to Reis Inc. The New York research firm reported that the sector’s asking and effective rents both rose in the first quarter after dropping in the six preceding quarters, while its national vacancy rate held flat at 8% after increasing in [...]
Better Times Ahead for Apartments
National Real Estate Investor Magazine published an interesting article in the Jan/Feb 2010 issue. http://nreionline.com/property/multifamily/real_estate_better_times_ahead/index.html Although they talked about the problems around the country with the apartment markets they also talk about the future upside: “Demographic trends are favorable for the apartment market over the next decade and beyond. In fact, the percentage of U.S. [...]
