Author: Randybacon

Cooling Tower Maintenance Not Just Good for Health, It’s Good Business

by Randybaconin Real EstateLeave a Comment on Cooling Tower Maintenance Not Just Good for Health, It’s Good Business

In response to the largest outbreak of Legionnaire’s disease in recent history, the New York City Council recently passed legislation that requires building owners to conduct quarterly inspections of cooling towers, which have been indicated as the potential source of the outbreak in the South Bronx, where nine cooling towers have tested positive for the bacteria that has killed 12 and affected over 120 residents.

Regular inspection and maintenance of cooling towers is not just a health issue, it is essential to insure the peak operation and extend the lifespan of this critical equipment. Preventing the growth of legionella is enough reason to take care of cooling towers, but it can also help to save money in energy and equipment costs. A dirty cooling tower needs to work harder and impacts efficiency. It can also stress the equipment, leading to breakdowns.

Read entire article here in National Real Estate Investor.

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Baby Boomers Creating Senior Housing Demand

by Randybaconin Real EstateLeave a Comment on Baby Boomers Creating Senior Housing Demand
Baby Boomers Creating Giant Senior Housing Demand
Every day 10,000 people turn 65. It’s an incredible demographic driving the need for more senior housing than ever before. For Silverstone Development Co, it’s an opportunity to meet the needs of a booming population and it’s just one more reason we’re excited to bring you the DFW Senior Housing development boom event on Sept. 24 at the Hyatt Regency Dallas.
Read more at: https://www.bisnow.com/dallas-ft-worth/news/senior-housing/senior-housing-event-preview-story-50200?utm_source=CopyShare&utm_medium=Browser

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Some Comparisons: Small and Large Commercial Real Estate Transactions

by Randybaconin Commercial Mortgage Lending, Real EstateLeave a Comment on Some Comparisons: Small and Large Commercial Real Estate Transactions

Sales Vol

The investment sales markets for large and small commercial buildings are distinctively different.  NAR’s Commercial Real Estate Market Trends report summarizes sales and rental activity based on a quarterly survey of commercial REALTOR® practitioners[1].  A second report, NAR’s yearly Commercial Lending Survey report provides information on commercial real estate financial issues addressed by REALTORS®.[2]  Both reports present commercial real estate information generally not available elsewhere: the average commercial transaction size in markets served by REALTORS® has been about $1.6 million, significantly below the $2.5 million threshold typically used by major databases in providing information on commercial transactions.  Although many REALTORS® participate in transactions above the $2.5 million threshold, in general REALTORS® report that they serve a segment of the commercial real estate market for which data are generally not reported—Small Commercial Real Estate transactions (SCRE) under $2.5 million, in cntrast to Large Commercial Real Estate transactions (LCRE) over $2.5 million.

View entire article at National Association of Realtors website.

Find out more about small loan finance.

More Loans Available for Green Multifamily Properties

by Randybaconin Green financing, Real EstateLeave a Comment on More Loans Available for Green Multifamily Properties

Apartment properties are worth more money if they are sustainably designed—and lenders and property buyers are finally beginning to offer terms that reflect that value.

The evidence is just beginning to pile up. For example, the underwriters at Fannie Mae recently began to offer larger loans and lower interest rates to sustainably developed apartment properties

In April, Fannie Mae closed the first loan under its Multifamily Green Building Certification Pricing Break program. It lent $10.2 million to the Station House, a 50-unit apartment community in Maplewood, N.J., that has earned a Leadership in Energy and Environmental Design (LEED) certification from the U.S. Green Building Council. Fannie Mae rewarded the property with interest rate that is lower than usual by 10 basis points for the permanent loan. That will save the owners of the property, Prudential Real Estate Investors, $101,000 over the life of the loan.

Read the rest of the article at National Real Estate Investor.

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Find out more about commercial lending in Oklahoma.

Investors Compete for Self-Storage Acquisitions

by Randybaconin Commercial Mortgage Lending, Real EstateLeave a Comment on Investors Compete for Self-Storage Acquisitions

Investors’ thirst for self-storage facilities has taken them into secondary markets in the first half of 2015, as the sector continues to post high occupancy, improved leasing velocity and limited supply.

Private owners, which make up the bulk of the self-storage facility ownership, are reporting occupancy rates of 89 percent, according to Marc Boorstein, of MJ Partners, a real estate brokerage and investment banking firm based in Chicago. More impressively, the five major publicly-traded firms reached 92 percent occupancy on their thousands of units, Boorstein notes. Leasing is going gangbusters, he says.

Read entire article here in National Real Estate Investor.

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Peek inside Facebook’s massive data centers

by Randybaconin Real Estate, TechnologyLeave a Comment on Peek inside Facebook’s massive data centers

Technician Prineville 2 - Facebook data center

If you open Facebook on your phone for 30 seconds, your activity most likely touches more than 1,000 servers.

Much of that “magic” happens in the social network’s own massive data centers.

Since 2011, Facebook has built centers in Oregon, Iowa, North Carolina, and Sweden with innovative, environmentally conscious designs that it has made available to the public through its Open Compute Project.

In July, it began constructing a fifth in Fort Worth, Texas.

Take a peek inside those centers and see where all your Facebook data “lives.”

See entire article at Business Insider.