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

Residential Design and Building News
In Florida, Vestiges of the Boom - New York Times, 2009.0909

Forget Housing, Says Bill Gross - Forbes, 2009.0909 ... bonds.html

Man Blames Builder for Lien on Home - West Virginia Record, 2009.0908 ... en-on-home

As an Exotic Mortgage Resets, Payments Skyrocket - New York Times, 2009.0908

South Anglia Housing Proposal for Shalford Unwanted, Say Villagers - Daily Gazette, 2009.0908 ... em_homes_/

Building Materials Companies Post Gains - Forbes, 2009.0908 ... 58937.html

Canadian Building Permits Unexpectedly Fall on Strike - Bloomberg, 2009.0908 ... eF4lbV_l0I

Say Goodbye to Dragon Head, Say Hello to Calvin's New Beach House - Hamptons, 2009.0908 ... lo-To.html

U.S. Consumer Credit Falls by a Record $21.6 Billion - Bloomberg, 2009.0908 ... YZpSNGocVM

Real Estate Market Strength Has Been Big Surprise in the World. - Examiner, 2009.0906 ... -the-world

New Wave - Financial Times, 2009.0905 ... abdc0.html

Montreal Okays New $760M Griffintown Project - Montreal Gazette, 2009.0905 ... story.html

Aloft Debuts Adaptive Re-Use Hotel - Hotels Magazine, 2009.0904

Local Timber Owners Connect with Local Builders - Oregonian, 2009.0904 ... st=orlocal

Only the Architect Knows for Sure - New York Times, 2009.0904 ... 6habi.html

For These Apartment Hunters: Theirs to Fix and Fix Up - New York Times, 2009.0904 ... 6hunt.html

U.S. Mortgage Rates Fall to 5.08 Percent, Freddie Mac Says - Bloomberg, 2009.0903 ... NoCdpavKKI

'Intrusive' Beach Home Work Stops - BBC News, 2009.0903

Reburbia: Designers Hatch Creative Ideas for Suburbia's Future - Northwest Hub, 2009.0903

McMansions Are Out; Affordable Shelter' Is In - Modesto Bee, 2009.0903

Home-Builder Hovnanian Shares Plunge on 3Q Results - Wall Street Journal, 2009.0903 ... 10575.html

Pain Eases for Construction but It's Still a "Sick Man" - The Times (UK), 2009.0903 ... 819265.ece

Pending Home Sales Shake Off Recession - Barron's, 2009.0902 ... 77245.html

An American Perspective: Skyscraper Architecture Goes Modular in the UK - BDC, 2009.0902

One Man's Trash ... - New York Times, 2009.0902

House Hunting in ... The Czech Republic - New York Times, 2009.0902 ... nting.html

Pending Home Sales Rise for Sixth Straight Month -, 2009.0902 ... month.html

Two Houses in East Australia - ArchitectureWeek, 2009.0902
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

Factories' Rebound, Future Home Sales Best in Two Years - Investors, 2009.0901 ... ?id=505058

Home Building Approvals Top Estimates - The Australian, 2009.0901 ... 43,00.html

July Construction Spending Slips 0.2 Percent - Associated Press, 2009.0901 ... gD9AEM59G0

Anger Builds over Fees - Columbian, 2009.0901 ... 951/-1/BIZ

Pending Home Sales on a Record Roll - NAR Press Release, 2009.0901 ... ecord_roll

U.S. Home Sales Inching Up - Vancouver Sun, 2009.0829 ... story.html

Constructing Authentic Colonials Never Gets Old - Pittsburgh Post-Gazette, 2009.0829

New Zealand July Home-Building Approvals Rise 5 Percent - Bloomberg, 2009.0828 ... kmlTZs8Uds

Builder Toll Hikes Some Prices as Market Improves - CNN, 2009.0827 ... RTUNE5.htm

Preserving a Modernist Way of Life - New York Times, 2009.0827

People and Places by Nancy Novitski
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 ... eland.html

3D Systems Acquires Desktop Factory for $5K 3D Printer - TenLinks, 2009.0901 ... actory.htm

ArchiCAD 13 Makes Leap in BIM File Sharing - Cadalyst, 2009.0901 ... ring-12897

Wikipedia Looks Hard at Its Culture - New York Times, 2009.0831 ... 1link.html

The Cost of CAD Software Today - Cadalyst, 2009.0831 ... oday-12894

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This Week's Quiz -
The International Building Code requires you to provide
one foot-candle of light at the ground surface along the
path of egress from the building you are designing to
the public way. In order to get a sense of how much
light this is, you might compare it to moonlight. About
how much light does a full moon provide on a clear
night: one-half foot-candle, one foot-candle, or two

Architecture Answer - for last issue's quiz...
In U.S. government land measures, how large is a
"section" and how large is a "township"?

Classic Home 058 -
Country-style bungalow by by E. J. Maier, T. E. King & G. H. Erard ... _home.html

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