Ten Days of Buzz: February 24-March 5, 2013

Ten Days of Buzz

“They just can’t accommodate all these people. Some of them have just handed over all the reins altogether.” 

Will Baker, Senior VP with Walker & Dunlop. Big Real-Estate Firms Are Going to School, The Wall Street Journal, 2/24/13.

“The fastest growing city for good jobs outside of Texas was another technology capital, Seattle, which is expected to add 136,000 jobs over the next five years.”

Daniel Fisher, Finance writer for Forbes Personal Finance. Texas Dominates the Best Cities for Good Jobs, Forbes.com, 2/25/13.

“We think Seattle has a good story going. It’s a very good economy with lots of diverse drivers.”

James Delmotte, Senior VP of Grosvenor. Grosvenor buys Bothell apartment complex for $88M, Puget Sound Business Journal, 2/26/13.

“Everybody wants in this market. We will push forward and see more trade deals like [Aspira].”

David Young, Apartment Broker with JLL. Apartment building market firing on all cylinders in Seattle, Puget Sound Business Journal, 2/27/13.

“Landlords [in California] already have authority to prohibit smoking in their rental units, through a law implemented last year, but Levine’s bill would impose a mandatory ban statewide.”

Jim Sanders, writer for the Sacramento Bee. California bill would ban smoking in multi-unit housing, SacBee.com, 2/28/13.

“Outlays dropped 2.1 percent, the biggest decrease since July 2011, to a $883.3 billion annual rate, a Commerce Department report showed today in Washington. The median forecast of 45 economists surveyed by Bloomberg called for a 0.4 percent rise.”

Shobhana Chandra of Bloomberg News. Construction Spending in U.S. Unexpectedly Fell in January, Bloomberg.com, 3/1/13.

“A few days ago, I was reviewing some work [on] sustainable cities. The original draft stressed that dense living is the way to go. Wherever the word ‘dense’ appeared, I crossed it out substituted the word ‘walkable.’ …We also need city neighborhoods with nature, culture, good schools, green technology and green infrastructure.”

Kaid Benfield of the NRDC. Not All Density is Created Equal, The Atlantic Cities, 3/3/13.

“Some council members and residents want to lower the maximum height and reduce how wide the buildings could be. Councilmember Nick Licata said he will introduce an amendment to ‘shorten and slim down’ Vulcan’s towers.”

Marc Stiles, Staff Writer. Scope of South Lake Union rezone could get whittled down, Puget Sound Business Journal, 3/4/13.

“During the crisis, the multifamily line of business was effectively the GSE’s diamond in the rough, generating approximately $7 billion in profits between 2008 and the third quarter of 2011.”

Christina Mlynski of Housingwire Investments. FHFA aims to shield Fannie, Freddie from credit risk, HousingWire.com, 3/5/13.

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