ArchWeek Residential 2009.0910

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ArchWeek Residential 2009.0910

Postby Kevin » Thu Sep 10, 2009 2:38 pm

Dear Designers, Builders, and Dwellers,

ArchWeek Residential brings you housing news and analysis weekly from the editors of ArchitectureWeek.

From the "equal opportunity for hard times" department...

New York Times wrote:Three years ago, the sale of the 110 red-brick apartment buildings at Stuyvesant Town and Peter Cooper Village in Manhattan represented the most expensive American real estate deal in history...

Now the buyers are running out of time and money. Jerry I. and Rob Speyer and their partner, BlackRock Realty, who paid $5.4 billion for the quiet middle-class redoubt near the East River, have seen the property lose more than half of its value, and the income from rent — down 25 percent from its peak — covers less than half of their debt payments.

Real estate analysts say they expect that by December, the partnership will run out of an additional $890 million set aside for apartment renovations, landscaping and interest payments, and that the owners are at “high risk” of default on $4.4 billion in loans.

...Stuyvesant Town and Peter Cooper Village are in trouble. City officials have been monitoring the looming crisis and how it might affect a complex that has served as an oasis of affordability in Manhattan for middle-class New Yorkers. Some 6,875 of the 11,227 apartments at the complexes are rent regulated.


Buyers of Huge Manhattan Complex Face Default Risk
http://www.nytimes.com/2009/09/10/nyregion/10stuy.html


Residential Design and Building News
------------------------------------
In Florida, Vestiges of the Boom - New York Times, 2009.0909
http://www.nytimes.com/2009/09/10/business/10corus.html

Forget Housing, Says Bill Gross - Forbes, 2009.0909
http://www.forbes.com/2009/09/08/bill-g ... bonds.html

Man Blames Builder for Lien on Home - West Virginia Record, 2009.0908
http://www.wvrecord.com/news/220989-man ... en-on-home

As an Exotic Mortgage Resets, Payments Skyrocket - New York Times, 2009.0908
http://www.nytimes.com/2009/09/09/business/09loans.html

South Anglia Housing Proposal for Shalford Unwanted, Say Villagers - Daily Gazette, 2009.0908
http://www.gazette-news.co.uk/news/4585 ... em_homes_/

Building Materials Companies Post Gains - Forbes, 2009.0908
http://www.forbes.com/feeds/ap/2009/09/ ... 58937.html

Canadian Building Permits Unexpectedly Fall on Strike - Bloomberg, 2009.0908
http://www.bloomberg.com/apps/news?pid= ... eF4lbV_l0I

Say Goodbye to Dragon Head, Say Hello to Calvin's New Beach House - Hamptons, 2009.0908
http://www.hamptons.com/Real-Estate/Mai ... lo-To.html

U.S. Consumer Credit Falls by a Record $21.6 Billion - Bloomberg, 2009.0908
http://www.bloomberg.com/apps/news?pid= ... YZpSNGocVM

Real Estate Market Strength Has Been Big Surprise in the World. - Examiner, 2009.0906
http://www.examiner.com/x-20010-NY-Busi ... -the-world

New Wave - Financial Times, 2009.0905
http://www.ft.com/cms/s/2/4423ec30-9821 ... abdc0.html

Montreal Okays New $760M Griffintown Project - Montreal Gazette, 2009.0905
http://www.montrealgazette.com/business ... story.html

Aloft Debuts Adaptive Re-Use Hotel - Hotels Magazine, 2009.0904
http://www.hotelsmag.com/article/CA6694711.html

Local Timber Owners Connect with Local Builders - Oregonian, 2009.0904
http://www.oregonlive.com/newsflash/ind ... st=orlocal

Only the Architect Knows for Sure - New York Times, 2009.0904
http://www.nytimes.com/2009/09/06/reale ... 6habi.html

For These Apartment Hunters: Theirs to Fix and Fix Up - New York Times, 2009.0904
http://www.nytimes.com/2009/09/06/reale ... 6hunt.html

U.S. Mortgage Rates Fall to 5.08 Percent, Freddie Mac Says - Bloomberg, 2009.0903
http://www.bloomberg.com/apps/news?pid= ... NoCdpavKKI

'Intrusive' Beach Home Work Stops - BBC News, 2009.0903
http://news.bbc.co.uk/2/hi/uk_news/wales/8237025.stm

Reburbia: Designers Hatch Creative Ideas for Suburbia's Future - Northwest Hub, 2009.0903
http://www.northwesthub.org/re-burbia-109

McMansions Are Out; Affordable Shelter' Is In - Modesto Bee, 2009.0903
http://www.modbee.com/business/story/840350.html

Home-Builder Hovnanian Shares Plunge on 3Q Results - Wall Street Journal, 2009.0903
http://online.wsj.com/article/BT-CO-200 ... 10575.html

Pain Eases for Construction but It's Still a "Sick Man" - The Times (UK), 2009.0903
http://business.timesonline.co.uk/tol/b ... 819265.ece

Pending Home Sales Shake Off Recession - Barron's, 2009.0902
http://online.barrons.com/article/SB125 ... 77245.html

An American Perspective: Skyscraper Architecture Goes Modular in the UK - BDC, 2009.0902
http://www.bdcnetwork.com/article/CA6687256.html

One Man's Trash ... - New York Times, 2009.0902
http://www.nytimes.com/2009/09/03/garden/03recycle.html

House Hunting in ... The Czech Republic - New York Times, 2009.0902
http://www.nytimes.com/2009/09/02/great ... nting.html

Pending Home Sales Rise for Sixth Straight Month - Credit.com, 2009.0902
http://www.credit.com/news/housing-mark ... month.html

Two Houses in East Australia - ArchitectureWeek, 2009.0902
http://www.archweek.com/2009/0902/index.html
Two houses in east Australia exhibit powerful simplicity
in form, space, and circulation, while each effectively
addresses the specifics of its contrasting site, seaside
or subdivision.

California Fire Is Pushed Back - New York Times, 2009.0902
http://www.nytimes.com/2009/09/03/us/03fires.html

Factories' Rebound, Future Home Sales Best in Two Years - Investors, 2009.0901
http://www.investors.com/NewsAndAnalysi ... ?id=505058

Home Building Approvals Top Estimates - The Australian, 2009.0901
http://www.theaustralian.news.com.au/bu ... 43,00.html

July Construction Spending Slips 0.2 Percent - Associated Press, 2009.0901
http://www.google.com/hostednews/ap/art ... gD9AEM59G0

Anger Builds over Fees - Columbian, 2009.0901
http://www.columbian.com/article/200909 ... 951/-1/BIZ

Pending Home Sales on a Record Roll - NAR Press Release, 2009.0901
http://www.realtor.org/press_room/news_ ... ecord_roll

U.S. Home Sales Inching Up - Vancouver Sun, 2009.0829
http://www.vancouversun.com/business/fp ... story.html

Constructing Authentic Colonials Never Gets Old - Pittsburgh Post-Gazette, 2009.0829
http://www.post-gazette.com/pg/09241/993720-30.stm

New Zealand July Home-Building Approvals Rise 5 Percent - Bloomberg, 2009.0828
http://www.bloomberg.com/apps/news?pid= ... kmlTZs8Uds

Builder Toll Hikes Some Prices as Market Improves - CNN, 2009.0827
http://money.cnn.com/news/newsfeeds/art ... RTUNE5.htm

Preserving a Modernist Way of Life - New York Times, 2009.0827
http://www.nytimes.com/2009/08/27/garden/27cape.html

People and Places by Nancy Novitski
http://www.ArchitectureWeek.com/2009/0902/news_1-1.html
OMBI in Coral Gables, Florida - Gonzalez Goodale
Architects in Los Angeles, California - Christopher
Alexander in Washington, D.C., USA - One Space Ltd in
Hong Kong, China - Architects BP Associates in San
Marcos, California...

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Home & Landscape Design Studio for Mac 14.1 - Macworld, 2009.0902
http://www.macworld.com/article/142544/ ... eland.html

3D Systems Acquires Desktop Factory for $5K 3D Printer - TenLinks, 2009.0901
http://www.tenlinks.com/news/PR/3d_syst ... actory.htm

ArchiCAD 13 Makes Leap in BIM File Sharing - Cadalyst, 2009.0901
http://www.cadalyst.com/aec/archicad-13 ... ring-12897

Wikipedia Looks Hard at Its Culture - New York Times, 2009.0831
http://www.nytimes.com/2009/08/31/busin ... 1link.html

The Cost of CAD Software Today - Cadalyst, 2009.0831
http://www.cadalyst.com/cad/the-cost-ca ... oday-12894
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The International Building Code requires you to provide
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http://www.ArchitectureWeek.com/2009/0902/quiz.html

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