Ten Days of Buzz: April 6-16, 2013

Screen shot 2013-04-16 at 7.20.00 PM“In the industry we think of renters as one group of people and owners as another group of people, but they’re actually merging into one. People are going in and out of homeownership seamlessly now. We have to stay with them.”

Marilyn Wilson, partner at WAV Group. WAV Group to industry: embrace rentals or lose to third parties, Inman News, 4/6/13.

“Closet space has always been very, very important, but it’s been something that developers overlooked in the past. What we’ve all certainly learned over the years is that although kitchens and bathrooms are very, very important, you cannot overlook closets.”

Stephen Kliegerman, president of Terra Development Marking. Closets, Please, and the Bigger the Better, New York Times, 4/7/13.

“We want to make sure this transcends as more than just an experiment, but as part of the New York City landscape.”

New York City Commissioner Matt Wambua. Micro apartments get big push, New York Post, 4/8/13.

“Sandy gives us an opportunity in many places to do things we would’ve never been able to do–to allow for multifamily housing on a larger scale.”

Mitch Pally, CEO of Long Island Builders Institute. Post-Sandy rebuilding is chance for multifamily units, Newsday.com, 4/10/13.

“The 41-unit project at 151 John St., sold for $14.65 million. The price works out to $518 per square foot, which is the most paid for a Seattle multi-family property of less than 100 units.”

Tim McKay and Dan Chhan of Marcus & Millichap, as quoted by writer Marc Stiles. Stale of Uptown apartment sets Seattle record, Puget Sound Business Journal, 4/12/13.

“The ones that get hurt the most are the ones who have put a lot of money into construction with a lot of features and need to charge a high rent to justify it.”

AmericanWest Bank CEO Scott Kisting. Financiers worry Seattle’s apartment boom is overdone, Seattle Times, 4/13/13.

“This report shows that there are substantial financial benefits to implementing smoke-free policies, in addition to the health benefits those policies bring.”

Tim McAfee, director of the Office on Smoking and Health, CDC. Smoke-free subsidized housing would save $521 million a year, HealthCanal.com, 4/14/13.

“With hardly any new construction in that market last year, this year and the next couple of years, the vacancy is going to stay low, or fall even further. As a result of that, rent increases should be pretty significant.”

Mike Scott of Dupre + Scott. Investors still bullish on Puget Sound apartments, Daily Journal of Commerce, 4/15/13.

For the young generation of planners and students, this is an incredible time to live and work in the Seattle area. A huge number of public infrastructure projects…will be coming on line in the next decade. The list is long, expensive, dynamic, and the need to integrate all this is crucial.

Knute Berger, writing for Crosscut.com. How to build a better Seattle, 4/16/13.


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