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Everyone is freaking out over San Francisco astronomically high rent prices right now when Seattle real-estate isn’t that far behind. I was walking down the street once in the university district around the University of Washington when I saw construction being built. And then more construction. And then MORE construction down the block. Ridiculous. Looking at a half-torn up flyer, the prices for these new apartments coming out in 2015 were around 1300 per bedroom for a two bedroom apartment ! I quickly went home and started trying to figure out how fast rent was rising in Seattle. One fun way to do this was by working on a project that I have since put off for school back in November. Since reliably the best place to find apartments has been on Craigslist, I created a script using Scrapy to grab listings of apartments on Seattle craigslist and filtered them for the zipcodes within the Seattle boundaries . I manually ran the script for about a week and after filtering out duplicate p...

In a hot downtown apartment market , many developers are asking: Should I sell or refinance? A group led by Chicago developer John Buck recently picked the latter, taking out a $150 million mortgage on Mila, a new 41- story apartment tower near Millennium Park. The move generated a big payday for Buck and its partners, allowing them to pull about $60 million out of the property without selling it. Like homeowners who extract cash from their homes by taking on more debt, developers and landlords can use cash-out financing amid rising property values to pocket big profits . For some developers, it's an especially appealing move because they can borrow so much more against an occupied property than they can against an unbuilt construction project . It also helps that lenders are so high on apartments, offering plenty of choices and good loan terms for landlords. "We're doing a ton of" refinancings, said Danny Kaufman, managing director in the Chicago office of HFF,...

During a public hearing at the Spanish Fort Planning Commission meeting Monday night , subdivision residents living adjacent to the proposed Quail Hollow development said they were worried the additional traffic flowing from the planned 147 condominium units would significantly worsen already congested conditions on Alabama Highway 225. (Mike Kittrell/mkittrell@al.com) With their options limited by a rezoning decision made in 2004, the Spanish Fort Planning Commission voted Monday night to allow Spanish Fort Apartment 2012 LLC owners to move ahead with a planned unit development called Quail Hollow on the west side of Alabama Highway 225 in the city. J.R. Smith, who is the city council representative on the planning commission , cast the only no vote. The Quail Hollow master plan includes construction of 49 two-story triplexes for a total of 147 condominiums on 19.62 acres located on the west side of Highway 225 about one mile north of Alabama Highway 31. It is north of the...

FINANCIAL MARKETS US stocks rising NEW YORK (AP) — U.S. stocks are rising today as retailers including Urban Outfitters and Target climb. That's helping retailers recover some of the sharp losses they took a day earlier. Health care and technology companies are also trading higher. Energy companies are lagging the rest of the market as the price of oil turns lower . At 12:58 p.m. Eastern Time, the S&P 500 index rose 6 points , to 2,471. The Dow Jones industrial average added 63 points , to 22,062. And the Nasdaq composite rose 25 points , to 6,358. At noon Eastern time , the Russell 2000 index of smaller companies jumped 7 points , to 1,390. TRUMP UPDATE Another two CEOs quit presidential council NEW YORK (AP) — Another two company CEOs have quit President Donald Trump 's manufacturing council. 3M CEO Inge Thulin (ING'-geh too-LEEN') announced in a statement today, his resignation from the Manufacturing Jobs Initiative panel , saying sustainability, diversity an...