Appraisal Buzz

DECEMBER 11, 2024

Over 30% of the income of over 10 million senior tenants was spent on housing. Creative Housing Solutions: As demonstrated by Californias recent law relaxing local limitations, remove obstacles to the development of Accessory Dwelling Units (ADUs) to give older folks more flexible housing options. Only 36.5%

Property Taxes 362

Property Taxes Tenants Technology Investing 362

Appraisal Buzz

FEBRUARY 3, 2025

This increase coincides with fierce competition among tenants and a widespread lack of rental flats. Only 3,709 of the 55,339 office-to-apartments that were in some stage of development in January of last year were finished by December, meaning that 51,630 units remained unfinished until 2025.

Renovations 345

Renovations Construction Modernization Inventory 345

Appraisal Buzz

JANUARY 22, 2025

Right now, more multifamily units are hitting the market than at any time in the past 50 years, but detached homes arent seeing the same surge in construction, saidSkylar Olsen, Chief Economist at Zillow. Instead, in an effort to attract tenants, property managers are increasingly using concessions.

Inventory 370

Inventory Home Value Tenants Property Management 370

Housing Wire

JANUARY 9, 2024

In the ongoing struggle for attainable housing, one positive development has been the increased availability of funding options for homeowners seeking to incorporate Accessory Dwelling Units (ADUs) into their properties. Draw structures for loans supporting new construction of ADUs, especially for prefab, are still “clunky.”

Finance 501

Finance Construction Tenants Renovations 501

Housing Wire

JULY 16, 2024

Exemptions would be provided to new construction and units with “substantial” renovation and rehabilitation. In conjunction with Biden’s proposal, the Bureau of Land Management (BLM) announced it will open a public comment period on the sale of 38 acres of public land in Nevada for the purpose of affordable housing construction.

Landlords 488

Landlords Construction Land Management Tenants 488

Housing Wire

JANUARY 23, 2024

For Universal Studios employees, the owners of the park are seeking to construct a 1,000-unit mixed-use development slated to open in 2026 that would promise a short commute to the Universal Orlando Resort, which is also aiming to open a full-scale third theme park called “Epic Universe” next year.

Tenants 448

Tenants Development Investing Design 448

Housing Wire

JANUARY 19, 2024

For agents, staying informed about these developments is essential for strategic decision-making and client guidance in the coming year and beyond. This development is crucial for agents, as it brings not just relief to tenants nationwide but also might create more movement as renters are looking for better deals.

Marketing 501

Marketing Real Estate Construction Tenants 501

Housing Wire

AUGUST 26, 2024

Construction started on about 18,000 single-family, built-for-rent homes in the first quarter of 2024, a 20% increase compared to the first quarter of 2023, according to the National Association of Home Builders. Build-to-rent developments aren’t the only response to this increase in single-family rental demand.

Marketing 459

Marketing Real Estate Agent Investors Tenants 459

Housing Wire

OCTOBER 2, 2024

He also mentions Pretium’s evolution from targeting single-family rentals to other assets, with a greater focus on technology and operational efficiency to better serve landlords and tenants. Burns follows up with a question on how Pretium’s construction lending platform sets them apart, as well as the company’s interest in land banking.

Real Estate 459

Real Estate Investing Landlords Tenants 459

Appraisal Buzz

JUNE 12, 2024

Multifamily construction increased during the pandemic moving frenzy, lowering rent prices as building owners competed for renters. While multifamily development starts have dipped below their 10-year historical average, there is still a backlog of new units entering the market each month, limiting how much prices can rise.

Tenants 392

Tenants Development Construction Marketing 392

Housing Wire

AUGUST 18, 2023

Department of Housing and Urban Development (HUD) this week announced a package of regulatory and administrative waivers that will allow the use of HUD funding to assist with the recovery of Maui after the island endured a series of devastating wildfires.

Government 370

Government Mortgage Tenants Development 370

Cleveland Appraisal Blog

NOVEMBER 14, 2022

Working as a commercial real estate developer can be a lucrative career path for savvy entrepreneurs. Setting Yourself Up for Success in Real Estate Development. Perhaps the most important trait for a commercial real estate developer is the ability to identify an ideal piece of land. Image by Unsplash. Network to get funding.

Real Estate 308

Real Estate Development Appraisal Contracts 308

D Fritz Appraisals

NOVEMBER 7, 2024

Vancouver’s office space availability is the highest in 20 years, with landlords and building owners adapting their leasing strategies as many tenants require more flexibility with their office space rentals. High construction costs are affecting the supply on new builds and slowing down the release of new properties into the market.

Real Estate 112

Real Estate Retail Tenants Investors 112

Appraisal Buzz

OCTOBER 23, 2024

For instance, almost three-quarters of Gen Z tenants in cities like San Diego, Los Angeles, and Sacramento are burdened by their rent. Department of Housing and Urban Development (HUD), especially through the use of Housing Choice Vouchers (HCVs).

Landlords 195

Landlords Tenants Inventory Marketing 195

Simonson Real Estate

AUGUST 24, 2020

It was here that I had the opportunity to moderate the Banking and Construction Lending Update discussion with Patricia Gnetz of U.S. A more conservative approach is being taken and in-depth underwriting is taking place to ensure the borrowers and tenants occupying space have the durability to continue performing. Contact him today!

Lending 148

Lending Construction Tenants Real Estate 148

Appraisal Buzz

AUGUST 9, 2024

Glodt has more than ten years of experience as a banker engaged in commercial lending, ground-up construction, and investment real estate development. He has also executed transactions in support of tenant Improvements, working capital and lines of credit, equipment lines of credit, and equipment finance.

Brokerage 195

Brokerage Mortgage Tenants Real Estate 195

Miller Samuel

MARCH 11, 2019

There has been a lot of fanfare about the new Related Companies ' Hudson Yards ' mixed-use development being created over the West Side Yard in Manhattan and is connected to ' The Highline. ' Teachable moment for condo development naming strategies that include a company: Don't do it. Here is a rendering of the completed Hudson Yards.

Tenants 243

Tenants Development Government Architecture 243

Inman

JUNE 5, 2023

Explore how innovative solutions are revolutionizing new development from a historically building-centric view to a tenant-centric approach, in this must-watch Inman Access class.

Construction 135

Construction Tenants Development Technology 135

Housing Wire

JULY 27, 2023

million units last month , supply is mostly coming from multifamily rental construction. Permitting data suggests future multifamily supply is slowing and developers of such projects are highly sensitive to high interest rates. With affordability challenges to persist, demand for new housing construction will follow.

Construction 370

Construction Tenants Mortgage Finance 370

Appraisal Buzz

JULY 11, 2024

Two reasons builders are seeking fewer permits are: Elevated interest rates have made it more expensive to borrow money for construction projects, AND there’s already a near-record number of new multifamily units hitting the market due to a building boom in recent years, making it difficult for some property owners to find tenants.

Tenants 195

Tenants Construction Landlords Development 195

Appraisal Buzz

JULY 8, 2024

But a now sizeable share of single-family homes are purpose-built single-family rentals according to recent construction data. But the new model that is becoming increasingly common is the “built-for-rent” (BFR) community: a large-scale development of single-family homes that are designed for renter occupancy from the start.

Construction 195

Construction Investors Landlords Tenants 195

Simonson Real Estate

JULY 10, 2020

Appraisers assemble a series of facts, statistics, and other information regarding specific properties, analyze this data and develop opinions of value. The understanding here is the tenants could vacate and a more reliable value is provided by the fee simple analysis based on market rents. Value Scenarios.

Appraisal Process 148

Appraisal Process Appraisal Market Value Tenants 148

Cleveland Appraisal Blog

JUNE 17, 2022

What’s the difference between a newly constructed home and a hundred-year-old home? When developing an opinion of the market value of a property, what appraisers are really measuring is how much depreciation a property has suffered from, and more specifically how much depreciation the improvements on the land have depreciated.

Appraisal 283

Appraisal Development Market Value Tenants 283

The Robert Weiler Company

JULY 6, 2021

Research : Also coined in the industry as “flex,” flex space is utilized for research and development to design new products. The two scenarios surrounding build-to-suit are speculative buildings and scenarios where the tenant has already been secured. They include showrooms, laboratories, and office space. Appearance.

Logistics 147

Logistics Tenants Real Estate Modernization 147

Housing Wire

APRIL 27, 2023

These developments—and more—can be seen as cracks in the armor of a housing-industry sector that rose out of the ashes of the Great Recession and grew to become a thriving alternative for individuals locked out the home-purchase market by rapidly rising prices. “The

Renovations 393

Renovations Investing Real Estate Marketing 393

The Robert Weiler Company

DECEMBER 14, 2021

But Columbus, Ohio’s modest city size belies the fact that when you include its suburban, exurban, and near-rural outer lands, it’s a thriving region of a much larger construct that’s as diverse and as intricate as any other larger city on the map. A restaurant and a bar tenant have already signed a commercial lease for the building.

Development 78

Development Brokerage Retail Real Estate 78

The Robert Weiler Company

APRIL 5, 2023

Industrial real estate investors and developers can’t add new properties to the market fast enough. Almost one-third of new warehouse space for lease is snatched up before the construction project is complete. Renters are outpacing the construction of industrial units and warehouses. Don’t make a rash decision, though.

Landlords 144

Landlords Tenants Logistics Real Estate 144

The Robert Weiler Company

JANUARY 27, 2023

Because it’s where fictional game developers James Halliday and Ogden Morrow of Gregarious Games launch the OASIS, a fully interactive immersive VR gaming environment where a growing percentage of the human population goes to escape. But these broad strokes barely scratch the surface of Columbus’ full potential.

Real Estate 148

Real Estate Supply Chain Construction Development 148

Simonson Real Estate

OCTOBER 23, 2020

We’ve done several appraisals in Minnesota of new construction Dollar General stores since the March timeframe and cap rates have compressed. Moderate credit tenants – 6.5% Multi-tenant retail centers – 6.0% Essential retailers are performing well and demand has even increased for certain retail uses. Suburban Class A – 5.0%

Appraisal 143

Appraisal Retail Tenants Real Estate 143

McKissock

FEBRUARY 7, 2021

Mistake #1: Not screening tenants. Though the risks are high, it is not uncommon for landlords to bypass screening new tenants. Unfortunately, there are tenants that know how to exploit this trust, and will inevitably cause you months of grief. Mistake #2: Failing to do a routine inspection of your property.

Property Management 81

Property Management Tenants Inspection Clients 81

Simonson Real Estate

JANUARY 23, 2020

Often times, the tenant is able to rationalize these locations with part of the costs allocated for marketing. Investors want to have a stronger comfort level with the probability the tenant will renew. An example is the Hydes Development in Fridley industrial property where they put together food truck Fridays, happy hours, etc.

Real Estate 78

Real Estate Tenants Retail Valuation 78

Appraisal Partners Blog

JANUARY 18, 2025

The results of a commercial appraisal can have significant financial implications, influencing decisions related to acquisitions, financing, development, and even property tax liabilities. Factors like location, tenant mix, lease rates, and building amenities play a critical role in determining their value. can also be a factor.

Investors 78

Investors Appraisal Business Tenants 78

Simonson Real Estate

DECEMBER 6, 2022

In 2022, Simonson Appraisals completed a steady stream of financing assignments with planned new construction or significant proposed renovations. On several occasions, we were presented information about construction or renovation plans well after the initial assignment was started. Signed lease documents, detailed rent roll, etc.

Appraisal Process 78

Appraisal Process Real Estate Appraisal Renovations 78

Property Metrics

AUGUST 13, 2020

Similarly, leased property includes a risk that tenants will not be able to make timely lease payments as expected. Late payments can create cash flow problems for the property owner, but the situation can be worse if the tenant goes out of business and moves out of the space. Inflation Risk. Interest Rate Risk.

Real Estate 53

Real Estate Tenants Investing Construction 53

Empire Appraisal Group

MAY 20, 2021

Only allowing those with proof of vaccination to use the facilities would arguably be a breach of this substantive right granted to each owner to use the facilities. However, an amendment to the Declaration or Bylaws with a membership vote would not have to be reasonable as long as it is not arbitrary, capricious or unconstitutional.

HOA 78

HOA Easement Tenants Law 78

Appraisal Hub

FEBRUARY 15, 2024

These appraisals are more complex, considering factors such as revenue generation, operating costs, tenant contracts, and market position. Physical Inspection: A thorough inspection of the property to assess its condition, quality of construction, and any features that may affect its value.

Real Estate 78

Real Estate Appraisal Inspection Appraisal Process 78

The Robert Weiler Company

SEPTEMBER 7, 2022

Our land brokers anticipate steady demand from land buyers, other CRE investors, land developers, and tenants in Ohio, Central Ohio, and Columbus, Ohio. More housing developments are needed, leaving the door open for developers and investors to fill the gap. New development projects also remain strong.

Marketing 78

Marketing Real Estate Investing Retail 78