Apartment Look

Zillow Group, Inc. (ZG) Q2 2017 Earnings Conference Call August 08, 2017 17:00 P.M. ET Executives RJ Jones – VP, Investor Relations Spencer Rascoff – CEO Kathleen Philips – CFO Analysts Ronald Josey - JMP Securities Mark Mahaney - RBC Capital Markets Unidentified Analyst - Sli.do © Provided by Seeking Alpha Earnings Call Transcripts Michael Graham - Canaccord Genuity Christian Rice - Needham & Company Hayden Blair - Stephens Inc. Brian Nowak - Morgan Stanley Mark May - Citigroup Lloyd Walmsley - Deutsche Bank Bradley Erickson - KeyBanc Capital Markets Shyam Patil - Susquehanna Financial Group Heath Terry - Goldman Sachs Presentation Operator Good day, ladies and gentlemen, and welcome to the Zillow Group's Second Quarter 2017 Earnings Call . At this time all participants are in a listen-only mode. Later we will conduct a question-and-answer session and instructions will be given at that time. [Operator Instructions]. As a reminder, today's call is being recorded. I wou...

CLOSE North Korea threat; Fatal Rehoboth Beach house fire ; Bruce Springsteen on Broadway 8/10/17 1303 Delaware Avenue was purchased by Capano Management . (Photo: Courtesy of Capano Management ) Capano Management continues to bolster its residential portfolio with the acquisition of 1303 Delaware Apartment Homes in Wilmington's fashionable Trolley Square neighborhood . A sales price was not disclosed. Capano financed the purchase with a fixed-rate loan from Fannie Mae.  The privately-held Wilmington-based developer's multifamily division, Capano Residential , purchased the 231- unit high rise from Merion Realty Partners , a Wynnewood, Pennsylvania, real estate investment firm . Jeffrey Shumaker, vice president responsible for Merion's multifamily division, declined to comment on the transaction. "That's not public information," Shumaker said of the sale.  Upon acquisition, Capano Residential , which is headed by Louis J. Capano, renamed the property Par...

{Zillow} Great news? According to Zillow’s May 2017 Rental Market Overview , Skinker DeBaliviere has shown the largest increase of any St. Louis neighborhood in annual rents, a 12.9 percent gain. The only other neighborhoods where rents grew by more than 10 percent in the last year were Vandeventer (11.2 percent), and Tiffany (10.3). Notably, the increase in rents in our neighborhood was also higher than any town in the St. Louis Metro area , including towns in St. Charles County and Metro East in Illinois. People clearly want to live here, and we are on a roll. If you own rental properties in the neighborhood, this news might make you feel like breaking out the champagne. It also might give you some second thoughts about selling when you get those unsolicited letters from real estate operators asking to buy your home, as so many of us on my block seem to. If you own property in the neighborhood, then what’s not to like? {Zillow} Well, even if you like and will benefit from higher r...

Mountain View's rent- control program has already survived political and legal trials -- but what about the business test? An increasing number of apartment owners appear to be cashing out rather than working under the new restrictions. If the trend continues, some say it will lead to a cascade of redevelopment spearheaded by large corporate buyers . This scenario would result in older apartments being phased out and replaced with new housing that is exempt from rent control. Those looking at the data with a more critical eye point out that sales of apartment buildings are up throughout the South Bay, and that the number of buyers indicates a healthy interest in investing in Mountain View housing , regardless of rent control. To take one example, Fremont residents Ann and Paul Lethers decided in June to sell their 18-unit complex on Del Medio Avenue in Mountain View, which they created from separate purchases of two adjacent nine-unit buildings. They say they h...

About 200 rental units are now available at Highland Park, near The Highlands in Ohio County, with the possible construction of more on the way." /> Photo by Casey Junkins About 200 rental units are now available at Highland Park, near The Highlands in Ohio County, with the possible construction of more on the way. TRIADELPHIA –Mere yards from the hustle and bustle of The Highlands, brand new apartments featuring up to three bedrooms, 2.5 bathrooms and 1,500 square feet of living space are now open at Highland Park. Located on the south side of Interstate 70, the development is continues to take shape, but Regional Manager Melanie Goode said a “significant portion” of the 200 units are already occupied. While she declined to identify the exact amount of private money invested , she said it is easily a “multi-million-dollar project.” “We found there was substantial demand in the market here,” she said. “There are a lot of people moving to the area, but there are other...

SEATTLE , Aug. 24, 2017 / / -- Home values are setting new records in about half of the country's largest metros, and the national median home value is now $4,100 more than it was in April 2007 , just before the market crashed , according to the July Zillow® Real Estate Market Report i . Home values in Denver , Dallas and San Jose have appreciated most beyond the previous record-highs set at the peak of the housing bubble in the mid-2000s. Homes in Denver are almost 60 percent more valuable now than during the bubble, increasing from a median home value of $235,900 in April 2006 to a current median home value of $371,100 . When the housing market crashed , home values plummeted and it has taken about 10 years for home values to reach new record highs. Strong labor markets and steady income growth have pushed up home values in the nation's hottest markets more quickly than in others. Among the 35 largest housing markets , 15 ii have higher median home values tha...

Take a ride on the 8M Metrobus line called Shirley -Duke.But don't expect to find any traces of the old Shirley-Duke -- the notorious, decaying crime- ridden apartment complex that was closed in the late '70s. This is now Foxchase of Alexandria. And, as the trendy Foxchase ads have promised for the past year, it offers "2,113 new leases on living." "That bus is one of the last things left with the Shirley-Duke name," said Leonard Skolnik, property manager of Foxchase, a development that could house 5,000 people, or 5 percent of Alexandria's population. "And I don't think there is anything we can do about that. Though we'd like to . . . ." It has been a year since the first tenants moved into the 87-acre property -- formerly the 200 buildings of the Shirley-Duke and Regina apartments -- between Duke Street and Shirley Highway in the west end of Alexandria. After renovating the interiors of all the buildings, adding balconies to al...