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- š¾ Adaptive Reuse Grows as Seattle Gets a Pickleball Makeover
š¾ Adaptive Reuse Grows as Seattle Gets a Pickleball Makeover
The easiest way to upgrade your coffee at home
I donāt know about you, but like most Americans, the first thing I reach for every morning is my favorite mug and the coffee in my pantry. Until recently, I settled for any coffee that seemed āokayā at the grocery store, hoping itād do the job of waking me up. I didnāt care about its flavor or quality. Then I discovered Trade, and everything changed.
š Data Point
Adaptive Reuse Grows as Seattle Gets a Pickleball Makeover
Seattleās Interbay neighborhood is now home to the cityās largest indoor pickleball center, built on the site of a former RV shelter. This adaptive reuse reflects a larger trend: underutilized commercial or industrial land being converted into lifestyle amenities near multifamily zones. Proximity to amenities like these adds long-term value to residential developments. Read more.
š§ Market Watch
$91M Loan Powers Mixed-Use Community in California
Walker & Dunlop has secured a $91 million construction loan for Blue Rock Village, a 197-unit multifamily and retail development in Vallejo, California. The area is seeing renewed interest from developers due to its location between San Francisco and Sacramento. This project combines residential space with walkable retail, aimed at attracting renters priced out of larger metro areas.
š§¾ Rule of the Day
Break-Even Occupancy Rate
Break-Even Occupancy Rate is the minimum occupancy level a property must maintain to cover all expenses, including debt service.
Formula: Operating Expenses + Debt Service Ć· Gross Potential Rent = Break-Even Occupancy Rate
If a property has $600,000 in annual expenses and potential gross rent of $1M, the break-even rate is 60%. This metric helps investors evaluate risk tolerance and income stability before purchasing a property.
š± Green Build
Smart Utility Tech Gets Backing in Dallas
Billee Technologies, a Dallas-based startup, has raised $9 million in seed funding to modernize how multifamily operators manage utility costs. Its platform uses AI to track water, gas, and electricity usage in real time, helping landlords cut waste and avoid billing disputes. Smarter resource control is becoming a top sustainability priority for property owners. Know more.
š Deal Radar
Las Vegas, NV This property includes two garden-style multifamily communities called Reno Villas and El Parque Villas. With a total of 222 units, it offers strong cash flow. | Costa Mesa, CA Built in 1959, this property includes 19 units spread across two buildings, each with two stories. Located on the eastside of Costa Mesa, this property is at a walkable distance from shops and restaurants. | Newport News, VA This is a 212-unit apartment community located at the souterh tip of Virginia. This region is also a major hub for international commerce, making this property a good investment. |
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