Apartment Choice

By Paul Norman - Friday, August 18, 2017 9:04 Global rental housing company Greystar has announced the appointment of Mark Allnutt to head operations in the UK, replacing Jeff Manno who is returning to the US to lead Portfolio Management for the new Greystar Growth and Income Fund. As UK business lead , Mark Allnutt will oversee 200 plus London-based staff and a property portfolio which includes student housing and multifamily rental accommodation across the country. Allnutt has been tasked with increasing Greystar’s UK multifamily portfolio to 10,000 units within four years and growing its student housing portfolio to position the company as one of the country’s largest owners and operators of rental housing . He joined Greystar in 2014 to launch the company’s multifamily business in London. Subsequently Greystar’s development pipeline has grown to over 2,750 units with a value of £1.5bn and the company has been involved in several of the largest propert...

by Lynda Carson Oakland – On March 3, the same day that Oakland tenant activists filed a ballot initiative to strengthen renter protections called the “Renters Upgrade,” the California Apartment Association (CAA) announced that they were keeping an eye on things and are coming up with their own plan to counter the tenant’s movement efforts somehow, including in Richmond and Alameda. Tenants fight gentrification as apartment buildings are flipped and rents raised in Highland Park, Los Angeles. – Photo: Michael Robinson Chavez , LA Times" /> Tenants fight gentrification as apartment buildings are flipped and rents raised in Highland Park, Los Angeles. – Photo: Michael Robinson Chavez , LA Times The CAA announced to its 13,000 members, affiliates and partners: “Tenant advocates in Richmond and Alameda have filed preliminary paperwork to place rent control initiatives on the November ballot. In both East Bay cities , the initiative efforts are in the early stages, and in...

Coast to coast, the housing industry currently favors the home seller as prices are rising, sales surging and inventories dwindling -- which leave the residences on the market more valuable. Take Seattle as a caffeinated example. The northwest city of 3. 5 million people boasts the hottest housing market in the country since last fall, according to the Case- Shiller home price index and reported this summer in the Seattle Times. The typical single-family house in metro Seattle cost 12 .9 percent more in April than a year ago, the report notes. Other fast-rising markets are Portland, Oregon; Dallas; Denver; and Detroit, up 9.3 to 7.4 percent respectively. Those totals compare with a 5. 5 percent national price growth rate . What's good for owners and well-off buyers can be doubly troubling for at least one group: lower income property shoppers including first-time homebuyers who can't afford average and midpoint home prices or apartment rents . According to studies, the na...

Fashion Furniture Rental , Inc., becomes the first furniture rental company to include digital personal assistants as part of their complete home packages . San Diego, CA (PRWEB) August 15, 2017 Fashion Furniture Rental , Inc. is leading the way in technology accessories for a more connected home . As part of its electronic accessories department , Fashion Furniture Rental customers can now add Amazon Echo for as low as $21 a month. The Amazon Echo, with digital personal assistant , Alexa, is now available to all Fashion Furniture Rental service locations in California. "Fashion is consistently committed to being an innovative leader in the rental furniture industry ," said David Brackett, CEO of Fashion Furniture . "The addition of Amazon's Echo is a logical next step in that quest, as we seek new ways to bring comfort and convenience to our customers. We are proud to be the first rental furniture company to take this leap!" Fashion Furniture is the fir...

Orlando will soon have a new community down near Disney — the Four Seasons Private Residences — where home prices start around $5 million. Bully for all our new neighbors ... and the $24,514 in homeowner’s association fees they’ll pay each year. Ironically, though, many of the people who already live here — the ones who work full-time in the tourist industry that attracts the Four Seasons folks — can’t afford homes of their own. Heck, they can’t even cover the HOA dues. Central Florida , you see, is in the midst of an all-out housing crisis . Our affordable- housing shortage is so severe that the National Low Income Housing Coalition recently found just 18 rental units available for every 100 low- income families — one of the lowest rates in America. As a result, we have families living in cheap motels and relying on government subsidies. And with rents rising, it’s only getting worse. This isn’t exactly the kind of thing our chambers of commerce or visitors bureaus like to promo...

Among the filthy rich billionaires who gave money to the CAA, but lost in the battle against rent control in Richmond and Mountain View includes Berkshire Hathaway Home Services owned by Warren Buffet, Equity Residential owned by Sam Zell, and Prometheus Real Estate Group owned by Jackie Diller Salfier and the Diller family. California Apartment Association suspends legal challenges against Richmond rent control California Apartment Association suspends legal challenges against rent control in Richmond and Mountain View By Lynda Carson - May 6, 2017 On May 5, 2017, the The California Apartment Association (CAA), announced that it is suspending its legal challenges in court against the City of Richmond and Mountain View, and the renter protection ordinances known as Measure L and Measure V, that were passed into law by the voters last November. After a long hard fought struggle against greedy landlords involved in price gouging and eviction for profit schemes supported by ...

Mountain View's rent- control program has already survived political and legal trials -- but what about the business test? An increasing number of apartment owners appear to be cashing out rather than working under the new restrictions. If the trend continues, some say it will lead to a cascade of redevelopment spearheaded by large corporate buyers . This scenario would result in older apartments being phased out and replaced with new housing that is exempt from rent control. Those looking at the data with a more critical eye point out that sales of apartment buildings are up throughout the South Bay, and that the number of buyers indicates a healthy interest in investing in Mountain View housing , regardless of rent control. To take one example, Fremont residents Ann and Paul Lethers decided in June to sell their 18-unit complex on Del Medio Avenue in Mountain View, which they created from separate purchases of two adjacent nine-unit buildings. They say they h...

When it comes to getting new apartments built, San Diego is the 11th worst city in the nation, said a national study released Monday . Fifty cities were ranked on specific factors, including local regulations and land available for development, that were determined to be critical to construction by trade groups such as the National Multifamily Housing Council and the National Apartment Association . Honolulu was ranked the most difficult market for building new apartments, and New Orleans was the easiest. Research gathered by Florida-based think tank Hoyt Advisory Services for the trade groups looked at the Wharton Residential Land Use Regulation Index, a survey of regulatory laws, and a method of mapping developable land created by Sumner La Croix of the University of Hawaii. It also used the U.S. Census and other data and market research. In California, San Francisco was deemed the hardest to get new supply built at No. 8. Los Angeles was No. 12, Riverside No. 13, Sacramento ...

Quizzes Lists Topics Save The River Terrace Apartments is an apartment building located at 7700 East Jefferson Avenue in Detroit, Michigan. It was listed on the National Register of Historic Places in 2009. [1] River Terrace Apartments was one of the first two garden apartment complexes built in Michigan which used loan guarantees from the Federal Housing Administration , the other being Hillcrest Village in East Lansing. [2] History By the late 19th century , the corridor along East Jefferson Avenue had become a prestigious residential neighborhood . As the automobile age dawned in the twentieth century and Detroit's population boomed, large upscale apartment buildings were constructed along the Avenue. However, this boom in apartment construction collapsed at the start of the Great Depression. However, in 1939, Wesson Seyburn, along with Leonard P. Reaume, of the property management firm of Holden & Reaume, applied for a building permit to construct this apart...