Houston took this winning approach to adding housing. Could DC do the same?

Development

Houston took this winning approach to adding housing. Could DC do the same?

Though DC has been adding lots of housing, new development is concentrated in large, expensive buildings in neighborhoods that are running out of empty lots to build on. Houston’s approach to densification—replacing detached single family homes with townhouses—offers some important lessons for DC’s long-term growth.


This type of infill is illegal in DC’s low-density neighborhoods. All images from Google Maps.

DC set a record last year when it permitted nearly 5,000 new housing units, the most ever in recorded history. Looking at the breakdown of new units permitted, we see a striking pattern: almost all new housing is in large multifamily apartment buildings.


Chart by the author.

Because high-rises cost more to

... read more at: http://greatergreaterwashington.org/post/33464/houston-took-this-winning-approach-to-adding-housing-could-dc-do-the-same/

Pokin Around: A real estate hot spot on East Portland? – Springfield News

Every once in a while, I notice real estate signs spring up like dandelions on the same street and wonder what’s up.

Is the block haunted? Is there free land for homesteaders out West? Is there an ugly rumor that I moved in?

That’s what’s happening now on East Portland Street in the University Heights neighborhood, one of the most desirable areas in the city.

To be honest, I didn’t notice all these signs. My colleague Claudette Riley did. She told me about it.

Within a block and a half on East Portland, five houses have real-estate signs planted near the curb. Three of the houses are for sale; one was recently sold; and one is

... read more at: http://www.news-leader.com/story/news/local/2016/09/09/pokin-around-real-estate-hot-spot-east-portland/89996194/

How your neighbor’s Airbnb rental can affect your property values …


John MacDougall/GETTY IMAGES

I’ve been scouring the Internet (without success), looking for data regarding whether short-term rentals (STRs, e.g., Airbnb, HomeAway, etc.) increase or decrease property values in the areas around them, as well as whether home buyers are more likely to pay more for a home that can be rented as an STR. It would be great if you could look into this. There is a major debate about this in my condo community, as well as in Austin where I live.

Short-term rentals are of increasing concern to homeowners, real estate agents, local communities, and the National Association of Realtors (NAR). At the 2016 Realtor Legislative Meetings in in May, a panel of industry experts spent 90 minutes discussing whether short-term rentals infringed on property rights.

According to a news release published after the event, co-moderator Christopher McElroy, a Realtor from Colorado and

... read more at: https://www.washingtonpost.com/news/where-we-live/wp/2016/09/07/how-your-neighbors-airbnb-rental-can-affect-your-property-values/

How your neighbor’s Airbnb rental can affect your property values


John MacDougall/GETTY IMAGES

I’ve been scouring the Internet (without success), looking for data regarding whether short-term rentals (STRs, e.g., Airbnb, HomeAway, etc.) increase or decrease property values in the areas around them, as well as whether home buyers are more likely to pay more for a home that can be rented as an STR. It would be great if you could look into this. There is a major debate about this in my condo community, as well as in Austin where I live.

Short-term rentals are of increasing concern to homeowners, real estate agents, local communities, and the National Association of Realtors (NAR). At the 2016 Realtor Legislative Meetings in in May, a panel of industry experts spent 90 minutes discussing whether short-term rentals infringed on property rights.

According to a news release published after the event, co-moderator Christopher McElroy, a Realtor from Colorado and

... read more at: https://www.washingtonpost.com/news/where-we-live/wp/2016/09/07/how-your-neighbors-airbnb-rental-can-affect-your-property-values/

Artist foundation purchases former Portland museum property for $245K

PORTLAND — The repository of works by the New York City abstract artist Leo Rabkin has found a home at 13 Brown St. in Portland.

The Museum of African Art and Culture sold the 1,129-square-foot retail condo to the nonprofit Dorothea and Leo Rabkin Foundation for $245,000. Sylas Hatch from NAI The Dunham Group and Cheri Bonawitz from KW Commercial brokered the sale, which closed July 15.

The building, in Portland’s Art District, is part of the Kimball Court Condominium Association and offers a central HVAC system, basement storage, private office, bathroom and 12-foot ceilings.

The foundation is administered by Dr. Susan Larsen, who met Leo Rabkin in 1972 when she was a graduate student and remained friends with both the artist and his wife, Dorothea.

“I had a family-like relationship with Dorothea and Leo Rabkin for many decades,” she said.

Larsen is a former curator at the Whitney Museum of American Art in New

... read more at: http://www.mainebiz.biz/article/20160902/NEWS01/160909980/artist-foundation-purchases-former-portland-museum-property-for-$245k

Foundation buys space that housed the Museum of African Art and Culture

PORTLAND — The repository of works by the New York City abstract artist Leo Rabkin has found a home at 13 Brown St. in Portland.

The Museum of African Art and Culture sold the 1,129-square-foot retail condo to the nonprofit Dorothea and Leo Rabkin Foundation for $245,000. Sylas Hatch from NAI The Dunham Group and Cheri Bonawitz from KW Commercial brokered the sale, which closed July 15.

The building, in Portland’s Art District, is part of the Kimball Court Condominium Association and offers a central HVAC system, basement storage, private office, bathroom and 12-foot ceilings.

The foundation is administered by Dr. Susan Larsen, who met Leo Rabkin in 1972 when she was a graduate student and remained friends with both the artist and his wife, Dorothea.

“I had a family-like relationship with Dorothea and Leo Rabkin for many decades,” she said.

Larsen is a former curator at the Whitney Museum of American Art in New

... read more at: http://www.mainebiz.biz/article/20160902/NEWS01/160909980/foundation-buys-space-that-housed-the-museum-of-african-art-and-culture

California investors buy up Eugene apartment complexes



EUGENE, Ore. (AP) — A large apartment complex in Oregon has sold to a group of California investors for $31 million.

The Register-Guard reports (http://bit.ly/2bLLbP6 ) that it is the third time this year that California investors have paid $30 million or more for an apartment building in Eugene.

A deed filed with Lane County shows that the 192-unit Ecco Apartments sold last week, with Hamilton Zanze Real Estate Investments of San Francisco acquiring a 52.6 percent ownership stake.

Seattle-based Evergreen Housing Development Group built the complex using federal assistance to create government-subsidized housing for lower-income families.

Hamilton Zanze Managing Director David Nelson told the Register-Guard that “we really, really like the Eugene market.”

Nelson says the company owns several buildings in the Portland area but is hoping to make a

... read more at: http://www.sfgate.com/news/article/California-investors-buy-up-Eugene-apartment-9190349.php