Liquefaction_at_Niigata

by Jodi Summers Get ready for some major chaos and expense. According to a City report, more than 2,200 buildings in Santa Monica may be vulnerable to collapse or major damage during an earthquake, including more than 1,800 soft-story buildings, 220 brick buildings, 73 concrete buildings and 71 steel-frame buildings. The report concluded, “many buildings […]

by Jodi Summers It’s another season, time for another UCLA Anderson Forecast…but this one held some surprises in several locations of the traditionally stalwart multifamily sector. For the first respondents in San Francisco and Silicon Valley were strongly negative about the future of multifamily, with moderate negativity cropping up in East Bay and San Diego. […]

portland-ADU-1

Special thanks to Benjamin Pezzillo of https://pactriglo.com/ for providing this summary and original document. Recently passed Senate Bill 1069 is a move to help ease California’s housing crisis, making “granny units” easier and less expensive to build throughout the state. The new Accessory Dwelling Units (ADUs) can potentially save thousands of dollars in fees and […]

girl beach suitcase

by Jodi Summers Owners beware: the multifamily sector has become increasingly vulnerable to legal issues stemming from Airbnb and VRBO rentals. The multifamily rental market, including lessees of apartment units, are omnipresent ghosts on the short-term housing submarket. Because of what is written in their leases, a tenant has no desire to herald to the […]

construction workers in the sunset

by Jodi Summers Why are Los Angeles multifamily properties the top investment choice among U.S. investors Robust  job  creation  and  economic  growth in Los Angeles County have created a vigorous  demand  for  multifamily  housing.  Overwhelmingly, residents are  choosing  to  rent  over  homeownership because of  the  extreme cost  of  a  single-family  home.  As a result, vacancy […]

boomer stampede

by Jodi Summers Amazing statistic about aging… approximately 10,000 people a day will be turning 65 through 2030. That age group – seniors – will grow to 88 million…and they are in motion. More than half of all homeowners are 55+, and they accounted for more than a quarter of homeowner moves in 2014. As […]