Author: Randybacon
Moody’s Report Is Raising Concerns Over Lending
Read more at: https://www.bisnow.com/national/news/economy/moodys-report-is-raising-concerns-over-lending-50021
Green Building Outpaces Overall Construction Growth
The green building sector is outpacing overall construction growth in the US and will account for more than 2.3 million American jobs this year, according to a US Green Building Council study from Booz Allen Hamilton.
The 2015 Green Building Economic Impact Study, released today by USGBC and prepared by Booz Allen, finds the green building industry contributes more than $134.3 billion in labor income to working Americans. The study also found that green construction’s growth rate is rapidly outpacing that of conventional construction and will continue to rise.
Multifamily Financing
Solar Power Is Within Reach for Multifamily Owners, Developers
Solar power is becoming a much better investment for owners and developers of apartment properties. The price to buy solar panels has dropped significantly, and today’s photovoltaic panels are much more efficient than just a few years ago. Prices are now so low that a set of rooftop solar panels sometimes makes sense purely as an investment, without any extra cash from subsidy programs or tax credits.
“In many areas there is actually grid parity, meaning you could produce power at the same cost or better than what it costs to buy from the utility,” says Thomas Osdoba, vice president of green initiatives for Enterprise Community Partners Inc.
Read entire article at National Real Estate Investor
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Commercial Property Prices Continue to Rise
Prices on commercial real estate assets continued to move upward in July, the most recent period for which data is available, according to Moody’s/RCA Commercial Property Price Indices (CPPI). The all-property composite index rose 0.7 percent during the month, and 2.8 percent during the three-month period leading to July 31.
Prices on retail assets rose the most in July, by 1.7 percent, followed by prices on apartment buildings, which rose by 1.0 percent. Prices on office properties moved up 0.2 percent.
Read entire article at National Real Estate Investor
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