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Student Housing Development, Construction Costs on the Rise

Over the past few years, there’s been a lot of student housing development activity. So many of the available, truly pedestrian-to-campus locations have already been snapped up. However, despite the scarcity of opportunity sites, investor and industry preference remains for these infill locations so there is a willingness to bid more for the site, resetting land prices with every deal.

More Capital Drives Student Housing Prices

The student housing sector’s solid fundamentals and positive outlook continues to gain the attention of capital sources. Both debt and equity are widely available as traditional sources of capital mix with newly available debt and equity vehicles. More institutional players are active and a lot of foreign capital is coming in through them or directly through joint ventures with local operators. Similarly, well capitalized, large homebuilders and military housing contractors are also entering the space

NCOA and Bank of America Empower Older Adults to Take Control of Their Financial...

The National Council on Aging (NCOA) and the Bank of America Charitable Foundation are teaming up to help older adults improve their financial outlook by connecting them to credit and debt counseling, employment, housing, and other money management tools.

New ULI Report, Bay Area In 2015, Suggests Bay Area at Risk of Losing...

A new report from the Urban Land Institute, Bay Area in 2015, suggests that the San Francisco metropolitan region is at risk of losing Millennials in the years ahead, as high housing costs are making them increasingly skeptical about their ability to eventually move into homes in neighborhoods with the high livability attributes they desire.

New Report From ULI Highlights Financial Returns for Real Estate Developers and Owners Who...

As climate change poses greater financial risks to real estate in the form of near-term extreme weather events and longer-term impacts like sea-level rise, developers and owners are increasingly investing in new infrastructure and technologies, innovative design and construction methods as well as other resiliency strategies to not only protect their properties, but to create value for their developments, according to Returns on Resilience: The Business Case, released today by the Urban Land Institute (ULI)

New Report From ULI Highlights Financial Returns for Real Estate Developers and Owners Who...

As climate change poses greater financial risks to real estate in the form of near-term extreme weather events and longer-term impacts like sea-level rise, developers and owners are increasingly investing in new infrastructure and technologies, innovative design and construction methods as well as other resiliency strategies to not only protect their properties, but to create value for their developments, according to Returns on Resilience: The Business Case, released today by the Urban Land Institute (ULI)

Mortgage Applications Up Sharply in Latest MBA Weekly Survey

Mortgage applications increased 25.5 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending October 2, 2015.

Acceleration of Small Business Job Growth is Altering U.S. Commercial Real Estate Industry, Says...

The commercial real estate industry is increasingly focused on the needs of small firms employing fewer than 50 people where job growth is outpacing larger firms by nearly five to one, according toEmerging Trends in Real Estate® 2016, co-published by PwC US and the Urban Land Institute (ULI).

Mortgage Credit Availability Increased Slightly in September

Mortgage credit availability increased in September according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) which analyzes data from Ellie Mae's AllRegs® Market Clarity® business information tool.

MBA Launches New Consumer Tools

Today, the Mortgage Bankers Association (MBA) launched new consumer tools on MBA.org designed to assist consumers during the home buying process. These tools will help consumers navigate the financing of a home so every potential borrower feels prepared from beginning to end.

Rebuilding Together and Lowe’s Host Fifth Annual Building a Healthy Neighborhood

Rebuilding Together — a leading national nonprofit in safe and healthy housing that provides low-income homeowners with critical home repairs — will join together with its affiliate, Rebuilding Together St. Louis, to lead its fifth annual Building a Healthy Neighborhood community revitalization project.

Life Cycle Costs Critical to Sustainable U.S. Infrastructure

Although some infrastructure projects may appear to have a high initial price tag, evaluating the long-term maintenance costs can provide safeguards to future federal budgets.

ENERGY STAR: EPA Asks NMHC Members for Help on Water Efficiency Rating

The Environmental Protection Agency (EPA) reached out to NMHC on September 30 seeking assistance in contacting our member companies that use the ENERGY STAR Portfolio Manager Program. Specifically, ENERGY STAR and WaterSense are working together to develop the first 1-100 score for water efficiency for multifamily buildings. EPA is looking for industry’s feedback on usage for this rating.

2-part workshop series on affirmative fair housing marketing & lotteries

The first workshop will be held on Wednesday, Oct. 21 and the second workshop will be held on Thursday, Nov. 5. Both sessions will run from 8:30 a.m. to 1 p.m. at the Lawrence campus of the North Essex Community College, 360 Merrimack Street, Riverwalk Building, Lawrence, MA 01840.

NAR President Chris Polychron on Know Before You Owe: “The Hard Work Continues”

The following is a statement by National Association of Realtors® President Chris Polychron in advance of the Consumer Financial Protection Bureau's Know Before You Owe TILA-RESPA Integrated Disclosure, or TRID, going into effect tomorrow, October 3

New Hampshire Remodeler Named NAHB Remodeler of the Year

The National Association of Home Builders (NAHB) Remodelers named Greg Rehm, CGR, CAPS, CGP, owner of Liberty Hill Construction in Bedford, N.H., the 2015 NAHB Remodeler of the Year in recognition of his professional remodeling achievements. The announcement was made at the NAHB Remodelers’ awards presentation on Oct. 1 during the Remodeling Show in Chicago.

Congress Failed to Act on Reauthorization of Land and Water Conservation Fund

Authorization for the revenue stream for the Land and Water Conservation Fund (LWCF) expired last night at the end of Fiscal Year 2015. That financing – diverted from a small portion of offshore drilling receipts – will no longer be deposited into a trust fund that Congress intended to protect America’s treasures when it established the program in 1964.

Diverse Group of Representatives Testify at Hearing on Productivity and the Workforce

The National Institute of Building Sciences is still accepting written testimony for the Representative Hearing on Productivity and the Workforce, held this past Friday, September 25, at the Institute’s headquarters in Washington, D.C. A total of nine speakers representing a broad group of industry organizations testified at the hearing. Industry representatives and media also participated.

CAP Report Outlines Barriers LGBT Homeless Youth Face in Obtaining Important Identification Documents

Research suggests that lesbian, gay, bisexual and transgender, or LGBT, youth experience homelessness at a much higher rate than their non-LGBT peers. Like for most homeless youth, this leads to significant challenges accessing food, shelter, health care, education, and employment, and these challenges may be heightened for youth who identify as LGBT. In addition, homeless youth often struggle to obtain state-issued photo identification, which further limits their access to programs and services that may aid them in securing safe and stable housing

AARP, J.P. Morgan Asset Management Create First-of-its-Kind “Innovation Fund” to Invest in Innovative Companies...

AARP and J.P. Morgan Asset Management are announcing the formation of the AARP Innovation Fund, a first of its kind investment fund with approximately $40 million in assets that will provide capital to innovative companies focusing on improving the lives of people 50-plus. As the sole third party investor in this fund advised by J.P. Morgan Asset Management, AARP will make direct investments in innovative companies that meet its mission and strategic goals.

Business Real Estate Press Releases

Movember

Hanley Investment Group Raises $30,000­­­ for Movember, Totaling $243,000

Hanley Investment Group Real Estate Advisors, a nationally recognized real estate brokerage and advisory firm specializing in retail property sales, announced today that the firm has raised $29,401 during its annual Movember campaign.

Recent Gov & Nonprofit Real Estate Press Releases

Safeguard Your Seasonal Home

Safeguard Your Seasonal Home

Closing down your cabin for the season is truthfully never as exciting as opening it up, but it’s an important process that helps protect your property during periods of extended non-use. Most owners guard against common incidentals like water leaks, potential fire hazards and temperature changes when shutting down for the season