

ASK MIKE MONDAYS - What does it take to become a deal sponsor?
ASK MIKE MONDAYS - What does it take to become a deal sponsor?
What happens first; raise the investors money or find a building? Or is it vice versa? Before you do either, you must understand what it takes to be the managing member (responsible party) to operate an apartment building. Michael explains how a deal syndication works and being transparent with your investing partners.
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When you buy a single family house, AND AFTER THE LOAN CLOSES, your lender will not continuously ask for your updated paychecks, bank statements and annual income tax returns. BUT...in apartment transactions…you lender is your single largest partner and needs continuous financial performance information on you and the asset either on a quarterly or annual basis. Updated operating statements, rent rolls, rehab construction updates, immediate health and safety concerns, updated personal financia...
When you buy a single family house, AND AFTER THE LOAN CLOSES, your lender will not continuously ask for your updated paychecks, bank statements and annual income tax returns. BUT...in apartment transactions…you lender is your single largest partner and needs continuous financial performance information on you and the asset either on a quarterly or annual basis. Updated operating statements, rent rolls, rehab construction updates, immediate health and safety concerns, updated personal financia...
Mixed Reality in Construction Industry: Uses, Advantages and Limitations
Mixed reality (MR) is viewed by some as a futuristic notion that has yet to find a place in the building industry. On the other hand, embracing it early on comes with many benefits. Information flow is improved, and work is more efficient with MR technologies. They are intuitive to use because they mimic real life, yet without the constraints of the physical world. This article discusses the mixed reality in the constructio...
Mixed Reality in Construction Industry: Uses, Advantages and Limitations
Mixed reality (MR) is viewed by some as a futuristic notion that has yet to find a place in the building industry. On the other hand, embracing it early on comes with many benefits. Information flow is improved, and work is more efficient with MR technologies. They are intuitive to use because they mimic real life, yet without the constraints of the physical world. This article discusses the mixed reality in the constructio...
Major League Soccer team New York City Football Club plans to build a stadium as part of a multiuse redevelopment in the Willets Point section of Queens County, local New York City officials and the team announced Nov. 16. The plan also calls for construction of seven buildings
containing a total of 2,500 affordable housing units, a 650-seat K-8
public school, retail space and 40,000-sq-ft of public space.The team is in the process of selecting an architect. The stadium plan still...
Major League Soccer team New York City Football Club plans to build a stadium as part of a multiuse redevelopment in the Willets Point section of Queens County, local New York City officials and the team announced Nov. 16. The plan also calls for construction of seven buildings
containing a total of 2,500 affordable housing units, a 650-seat K-8
public school, retail space and 40,000-sq-ft of public space.The team is in the process of selecting an architect. The stadium plan still...
Developer MEPC aims to set a new city benchmark for sustainability, wellbeing and smart connectivity with the next phase of its northern gateway regeneration scheme. The planned buildings – 2 and 3 Angel Square – have been designed by architect Cartwright Pickard and will complement the landmark 1 Angel Square, and 4 Angel Square, which is due to be completed in early 2023. Work is due to start following completion of 4 Angel Square. Planned to be net zero carbon operational energy, the b...
Developer MEPC aims to set a new city benchmark for sustainability, wellbeing and smart connectivity with the next phase of its northern gateway regeneration scheme. The planned buildings – 2 and 3 Angel Square – have been designed by architect Cartwright Pickard and will complement the landmark 1 Angel Square, and 4 Angel Square, which is due to be completed in early 2023. Work is due to start following completion of 4 Angel Square. Planned to be net zero carbon operational energy, the b...
The firm is understood to have beaten rivals Kier and Tilbury Douglas to the £16m-plus project that will link the museum’s Great Hall and Station Hall. City of York Council also green lighted plans for the new Central Hall, which will kick-start the first phase of the ambitious 45-hectare regeneration site, planned by a development partnership between Network Rail, Homes England, City of York Council and the museum. Work is now set to start in early 2023, Feilden Fowles designed the new Ce...
The firm is understood to have beaten rivals Kier and Tilbury Douglas to the £16m-plus project that will link the museum’s Great Hall and Station Hall. City of York Council also green lighted plans for the new Central Hall, which will kick-start the first phase of the ambitious 45-hectare regeneration site, planned by a development partnership between Network Rail, Homes England, City of York Council and the museum. Work is now set to start in early 2023, Feilden Fowles designed the new Ce...
Home to the Liberty Bell, the Declaration of Independence, and Philly cheesesteaks – there’s much to love about the City of Brotherly Love. That said, big city living isn’t for everyone. And if that’s you, we can help you find the right city near Philadelphia to move to instead. Check out these four cities near Philadelphia, each with its own features and charm and within easy commuting distance of Philly. #1: Upper Darby, PA Miles from Philadelphia: 7
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Home to the Liberty Bell, the Declaration of Independence, and Philly cheesesteaks – there’s much to love about the City of Brotherly Love. That said, big city living isn’t for everyone. And if that’s you, we can help you find the right city near Philadelphia to move to instead. Check out these four cities near Philadelphia, each with its own features and charm and within easy commuting distance of Philly. #1: Upper Darby, PA Miles from Philadelphia: 7
Population: 83,000
Median home...
Some of the country’s longest lasting COVID-19 protections against eviction moved closer to ending Wednesday when a Los Angeles City Council committee advanced a measure to repeal the rules at the end of January. Under the plan, starting Feb. 1, L.A. landlords will once again be able to evict tenants for unpaid rent and other reasons even if tenants have been affected by COVID-19. The city’s current rules have prohibited such evictions since March 2020. “We must put in place long-term prot...
Some of the country’s longest lasting COVID-19 protections against eviction moved closer to ending Wednesday when a Los Angeles City Council committee advanced a measure to repeal the rules at the end of January. Under the plan, starting Feb. 1, L.A. landlords will once again be able to evict tenants for unpaid rent and other reasons even if tenants have been affected by COVID-19. The city’s current rules have prohibited such evictions since March 2020. “We must put in place long-term prot...
EPC Real Estate Group plans to construct a mixed-use project, including a 280-apartment building with a restaurant, at a site known as The Rocks. The 7-acre site sits at the northeast corner of 48th Street and Roe Avenue, formerly the location of a city pool.
EPC Real Estate Group plans to construct a mixed-use project, including a 280-apartment building with a restaurant, at a site known as The Rocks. The 7-acre site sits at the northeast corner of 48th Street and Roe Avenue, formerly the location of a city pool.
Dive Brief:
Nearly 90% of active New York City construction sites visited by the state comptroller's office had safety issues, and the city's Department of Buildings doesn't effectively prioritize which sites get inspected, a new report found.
Officials from the New York State Comptroller visited 18 active construction sites last summer and reported 16 of those sites had a total of 77 safety issues, such as: not having a site safety manager, missing or incomplete site safety logs and daily insp...
Dive Brief:
Nearly 90% of active New York City construction sites visited by the state comptroller's office had safety issues, and the city's Department of Buildings doesn't effectively prioritize which sites get inspected, a new report found.
Officials from the New York State Comptroller visited 18 active construction sites last summer and reported 16 of those sites had a total of 77 safety issues, such as: not having a site safety manager, missing or incomplete site safety logs and daily insp...
June 30, 2022
Tom Ichniowski
KEYWORDS Dept. of Transportation / House Appropriations Committee
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The House Appropriations Committee has wrapped up its late June series of voting sessions on fiscal year 2023 bills, approving a bill that lifts funding levels for some key U.S. Dept. of Transportation infrastructure pro...
June 30, 2022
Tom Ichniowski
KEYWORDS Dept. of Transportation / House Appropriations Committee
Order Reprints
No Comments
The House Appropriations Committee has wrapped up its late June series of voting sessions on fiscal year 2023 bills, approving a bill that lifts funding levels for some key U.S. Dept. of Transportation infrastructure pro...