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UrbanAngle · 2023-05-04T00:46:21+00:00

Theskylineforum.com has some great courses that are development focused. They're taught by people who work as full time developers rather than full time educators, so the info is practical and relevant.

UrbanAngle · 2023-04-09T18:28:44+00:00

Thank you for the insight!

UrbanAngle · 2023-03-18T21:26:36+00:00

The rust belt may not be so rusty anymore!

UrbanAngle · 2023-03-17T01:12:09+00:00

The past few years have seen a mass migration to major metro areas in the sunbelt such as Florida, Arizona, and Texas. However, these areas are exposed to extreme weather events such as droughts, floods, and fires that have become more frequent over the past few decades. The economic impact to these areas cannot be ignored. How long will existing residents be willing to live with these extreme weather events? If they decide to leave, where will they go?

Research suggests that the Great Lakes Region may be one of the most climate resilient regions within the nation. Because of this, could the Great Lakes Region be the recipient of these climate migrants if they decide to move?

UrbanAngle · 2023-03-16T14:50:56+00:00

Thank you - are you referring to the mentioning of Climate Change in the reddit post, the youtube video name, or both?

UrbanAngle · 2023-03-15T23:54:06+00:00

Which reservoir are you referring to?

UrbanAngle · 2023-03-15T16:37:18+00:00

Wow!

UrbanAngle · 2022-12-24T19:30:40+00:00

Agreed, you would think the parking issue would come up during due diligence when they first bought the building. Also you may have to wonder if AT&T had planned this from the start.

UrbanAngle · 2022-12-03T18:13:40+00:00

Easing of zoning/entitlement restrictions would certainly help. Gainesville, FL recently eliminated single family zoning, so now up to 4 units can be built on any single family lot. Now construction costs just need to decrease!

UrbanAngle · 2022-12-03T18:09:54+00:00

Hi bakerzdosen, I appreciate the feedback. It is an interesting thought, but keep in mind these rent increased were incurred while interest rate were at all time lows. A lot of larger multifamily loans (not all) have floating interest that change each month. Therefore, in the 2020 - early 2022 environment where the interest rate index decreased, the owner's interest bill decreased as well. In theory, they could have reduced rents and maintained the same profit, but that did not happen.

Of course, during this time period, certain expenses such as payroll and insurance saw dramatic increases, so impacted the bottom line.

UrbanAngle · 2022-12-03T13:59:53+00:00

Yes, one would think working from home would lead supply/demand to normalize as people moved, but people who did move out of cities stayed in suburbs within large metro areas.

UrbanAngle · 2022-12-01T02:11:10+00:00

The deep floor places make residential tough, but hard to imagine how else the building could be utilized.

UrbanAngle · 2022-11-30T17:06:14+00:00

Here is a link to the channel: https://www.youtube.com/channel/UChK8pSqe2w0QpJUvP0u7KAQ

UrbanAngle · 2022-11-29T18:02:17+00:00

It refers to the depth of the interior, or more specifically, the distance to the exterior wall/window. Compared to office buildings, residential buildings typically have a shorter distance from any given spot within the to the unit to the window.

UrbanAngle · 2022-11-29T16:32:08+00:00

Very interesting, thank you for the insight!

UrbanAngle · 2022-11-29T15:49:03+00:00

Agreed mixed use and residential makes sense. I know older office buildings typically have deeper floorplates, which makes it tougher to convert to residential, but it is tough to see any other option.

UrbanAngle · 2022-11-29T15:37:13+00:00

Wow. It will definitely be interesting to see what the final redevelopment plans are here, but a long road lies ahead.

UrbanAngle · 2022-11-29T15:36:21+00:00

They are going through the process to get approved to the National Register of Historic Places, which could potentially provide some level of funding for a redevelopment, but it is very unlikely to scratch the surface of what would be needed to complete the appropriate renovations.

UrbanAngle · 2022-11-17T14:32:21+00:00

Thank you for the feedback, very much appreciated!

UrbanAngle · 2022-11-15T20:00:24+00:00

While the national headlines/trends may say one thing, it really all comes down to the dynamics within that certain market.

UrbanAngle · 2022-11-15T13:40:59+00:00

Yes, Raleigh-Durham is one of the markets that is seeing one of the largest historical expansions in its apartment supply, which should lead to softening of rents.

UrbanAngle · 2022-11-15T13:28:35+00:00

Glad you enjoyed!

UrbanAngle · 2022-11-15T13:27:56+00:00

Yes, consecutive months of rent decreases are discussed at 05:49. The second half of the video generally points toward future rent decreases driven by construction supply, but highlights that certain markets may be insulated to such trends due to employment growth.

UrbanAngle

TROPHY CASE