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Why Schuylkill River real estate flooded



Design for resilience

Builders and some elected officials disagree with the argument that development in floodplains is too risky. They argue that major floods are rare and that repeated successful evacuations actually show that buildings in flood-prone areas meet safety guidelines while meeting the demand for housing in quaint riverside neighborhoods. When Dranoff’s Venice Lofts apartments were evacuated by raft in 2010, he told the Inquirer, “The buildings are working exactly as planned. Every precaution was taken in the design of the buildings. It doesn’t harm people. “

Lippert agreed that good building planning in combination with the use of flood insurance can reduce the risk of storms. New buildings in floodplains often have “wet” flood protection, with entrances, garages and storage rooms on the ground floor that can handle occasional floods without structural damage. He cited a collection of new row houses that PMC recently built across the street from the Riverwalk complex.

“You will see flood shafts at the front and back of these structures, above the garage door and also in front of the structures. This is a great example of areas where water can go in and out. You just have to cum and then you should be great, ”said Lippert, who was hired in 2018 as the first Philadelphia flood manager.

He found that the design does not protect objects on the first floor, as demonstrated by the submerged cars in a number of parking garages on the riverside. “If you get a warning, don’t just leave your car in areas with flood shafts. They would move it to a higher level. Unfortunately, I don’t think there is enough potential for education or understanding in the flood plain, ”said Lippert.

Some commercial buildings that are required to have “dry” flood protection use watertight gates that are placed around a building before a storm to create a bathtub effect. Both the Riverwalk Tower and the Aramark building a few blocks south have gate systems, but both buildings didn’t appear to have the gates installed until last week’s storm, Lippert said. The Aramark building is jointly owned by PMC and Lubert-Adler Real Estate Funds and houses the sophisticated Fitler Club Hotel and Spa on its lower floors.

Dry waterproofing can work, but only if construction management acts quickly to install the gates, which can be a tedious process. Scott Erdy, a Northern Liberties-based architect who has designed flood control buildings at Navy Yard and Hoboken and the Cira Green rain-absorbing rooftop park in West Philadelphia, said he is currently working on a residential building in Hoboken with facade panels that can be lowered like garage doors .

“We try to integrate them as part of the architecture so that they are visible,” he said. “On a cruise ship, everyone sees the lifeboats all day and knows where they are. If the lifeboats are down in the basement and there’s a major emergency, no one will know where they are. I really want people to see and understand these resilience issues, not just when there’s a hurricane. “

Erdy, who is also a visiting professor of architectural design at the University of Pennsylvania, said that local architects and builders are very willing to be proactive about flood resilience and sustainability in their buildings in general. That’s in part because potential tenants want these features, he said.

“Many customers are now better informed on this topic and are asking about these things,” said Erdy. “If you have a large company with corporate shareholders choosing between this building that is not environmentally friendly or one that is not sustainable, this is another selling point. Public awareness is the key. “

But Erdy and Lippert both said that there is a limit to the power of building design. Despite the perception that last week’s storm was unusually rare and intense, the flooding actually matched predictions on FEMA maps and a similar event could recur next month or year, Lippert said. He said government-subsidized insurance partially shields landlords and local residents from the full economic effects of flooding, but the sheer frequency of flooding in the region could force policymakers to place stricter restrictions on development in high-risk areas.

“There has to be some kind of ‘come to Jesus’ moment where we really understand the risk and economics and pressure to build a tax base,” said Lippert.

“In an urban city, it would be very difficult to solve floods. You can do your best to fight back, but especially with climate change, rising sea levels and higher tides, what we are building today to “solve floods” may actually not work in a few years, “said he. “These are natural floodplains or wetlands or environmentally sensitive land. That’s where the water wants to go. “

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Real Estate News

Celebrating 40 years in Taos Real Estate | Success Stories



Louise Rose is just as individualistic in her attitude as she is as an independent Taos broker. This combination has ensured that it successfully brings clients together with the home, land or investment of their dreams.

Before Louise moved here, she was a stockbroker with a NYSE firm. She raised her sons Justin Bailey and Andrew Morrison, who graduated from the eclectic and distinguished Taos High School. “Children who grow up here are well prepared to live anywhere in the world.”

Louise is blessed with loyal clients who appreciate her upbeat approach, ability to listen, and insane sense of humor.

“Finding someone for the perfect home or ranch is the most personal transaction they can have,” said Louise. “It’s worth finding exactly what you’re hoping for. To get to know a customer, you have to listen carefully. Especially if you come from outside the city, it is important to understand exactly what attracted you to our unique and fascinating heart and soul of the Southwest. “

It’s an intuitive process that takes countless hours with people of many languages, cultures, and ethnicities. Often times the first home she shows them is the one they choose.

“Show them what they want; not what other customers desperately want or need to sell unless it’s the perfect thing. That saves everyone a lot of wear and tear. “

Louise has lived in Taos since 1973 and has seen many changes. She believes that no matter how many people move here, the spirit and essence of Taos never change.

In 1982 she carried out the first “Realtor Tours” together with another broker. Within two years, the brokers were ready for a multiple listing service (also known as MLS). Customers finally got the benefit of knowing that the home they were buying was the best choice for them and they no longer had to go to every real estate agent in town to find out what was for sale.

In 1985 she and two other people brought the first real estate franchises to Taos. Louise sold her successful ERA Taos Realtors in 1991. Three years later, she bought the Realty World, Taos franchise and then sold it to work independently.

With the market hot today, her boutique business is in demand through word of mouth and referral.

Louise said, “I personally rarely go to a doctor or lawyer for advertising because the most experienced and talented are as busy as they can get. When I do advertising, it is to the benefit of my salespeople, so that they get the attention. ”

Her longstanding clients include the Comptons: Mike, a successful commercial high quality contractor, and Jane, the Taos optician, whose first appointment is in early October.

Louise sold the Comptons her first Ranchos home, the first they looked at; and then 20 years later she sold it for them to the first buyers who looked at it.

The new doctor, his wife, and their poodle lived in a motel and needed a place to stay immediately.

Two weeks later, the Comptons were out with their two young daughters, four horses and three dogs.

The Comptons are currently selling Taos Creek Cabins, which can be seen in the pictures with Louise on this page.

Pat Allen, another longtime Taoseño and owner of 9 to 5 Ship & Print, said, “I remember the first house Louise showed me was the one I bought. It was the easiest purchase ever. She is still my broker after 30 years.

Louise’s pink, white, and black property signs are eye-catching. Each carries a reminder, “Please don’t disturb the owner,” a thoughtful touch that embodies both the agent’s signature personal style and savvy business acumen.

Louise has enjoyed a life of world travel and adventure and, when she’s not selling real estate, is working on a book. If you are a happy new customer, she will pamper you with stories and you will instantly connect with this powerhouse of energy. They know that you made the right choice in choosing your broker.

“The last decade has been the best of my life and I’ve been happier than ever,” she said. Share your enthusiasm and let Louise Rose help you find the home that will make you happier than ever.

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Real Estate News

Tucker Carlson exposes real estate companies ‘wrecking’ America



“Gavin Newsom is turning the state of California into a swamp,” said Fox News host Tucker Carlson on Tucker Carlson Tonight.

TUCKER CARLSON: In addition to all of the other problems California has, property prices are higher there than anywhere in the country. The average home price in the state of California is now over $ 800,000, more than double the national median. In the past few years, California leaders have passed dozens of laws that they claim will fix the problem because it really is a problem. Governor Jerry Brown, the last man, signed 15 housing laws in 2017 alone. Last year, Gavin Newsom signed 18 separate housing laws. Did it work? No not at all. They didn’t work for the people who live in California. But they weren’t intended for people who wanted to buy houses. Instead, these bills had one purpose: to destroy suburban houses and replace them with high-density apartments. Of course, real estate developers make more money when single-family houses are leveled and replaced by multi-family houses. And real estate developers happen to be the main donors to the California Democratic Party, and Gavin Newsom in particular.

Real estate development company Marcus was one of Newsom’s largest funders in the recent recall election. This week, after surviving the recall, Gavin Newsom tragically rewarded these real estate developers with the largest housing bill ever. Newsom has just signed a series of laws, SB9 and SB10, that will abolish the suburbs in the state of California. The state that invented the suburbs. These bills were approved by the California Building Industry Association, which, citing, “represents the interests of home builders and developers of residential and commercial projects. There will be some new commercial projects in the California suburbs.” As the New York Times put it, you quote, “SB9 essentially ends the single-family zone zones.” Property owners now have state approval to convert any single family home in the state of California into a 4 unit apartment complex. How does this improve someone’s life? It will not. It means demolishing houses to build rental units.

At the behest of his donors, Gavin Newsom is turning the state of California into a swamp. It’s not just happening in California, Oregon recently passed a nationwide ban on single-family home zoning. That’s crazy! Cities like Minneapolis and Sacramento have started allowing apartment buildings on single-family lots. Crowding problem anyone thinks? By the way, only the Chinese government seems to be doing everything possible to rule the real estate developers. “Housing should live and not for speculation,” said the Chinese president. Woo, I hate to quote the President of China but in this case he’s right, one of the largest and most indebted real estate companies in the world is collapsing and China has signaled that it will never be interested in a bailout again. In this country, real estate companies not only get bailouts, they can also write laws that destroy your neighborhood. And in many parts of America, they can tear down the neighboring house and turn it into a residential complex. Big!

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Real Estate News

Crow Holdings Announces Closing of Ninth U.S. Diversified Value-Add Real Estate Fund with Approximately $2.6 Billion of Investable Capital



DALLAS – (BUSINESS WIRE) – Crow Holdings, a leading national real estate investment and development firm, today announced the definitive closing of Crow Holdings Realty Partners IX, LP (“Fund IX” or the “Fund”). Managed by Crow Holdings Capital, Crow Holdings’ investment management company, the fund invests in value-adding real estate investments in the United States, primarily in industrial and multi-family homes and specialty sector opportunities.

Fund IX was oversubscribed with approximately $ 2.3 billion in commitments, above its original ceiling of $ 2.0 billion, and received strong support from existing investors and significant participation from new investors, including global banks and Insurance companies, pension plans, family offices and high net worth individuals. The fund has also co-invested a total of $ 265 million in equity, resulting in total investable equity of approximately $ 2.6 billion for the strategy. Fund IX marks the company’s largest fundraiser to date and is a significant increase over the $ 1.3 billion pledges raised for the previous fund.

The fund focuses on diversified value-add investment and development opportunities in multiple property types in major US markets. Today these possibilities exist mainly in industrial and multi-family houses as well as in special sectors such as prefabricated houses, comfort and gas, self-storage and student dormitories. The fund was fully launched during the Covid-19 pandemic and began investing during this challenging time as well. To date, more than 63% of the fund’s capital has been invested in 62 investments, primarily in the high-growth regions of the Southwest, Southeast and Mountains of the United States

“We appreciate the trust our investment partners have in the continued ability of our team to deliver results to them,” said Michael Levy, CEO of Crow Holdings. “This successful degree shows recognition for our company’s long-standing track record, real estate expertise and, in particular, for our early recognition of the considerable tailwind behind the demand for logistics and e-commerce, the changing population demographics and changing housing preferences as an integral part of our differentiated investment strategy . ”

“With more than 63% of the capital employed in Fund IX, we are already achieving strong investment results, including the repatriation of capital at the beginning of the fund’s life cycle through rapid realizations. This achievement is recognition of the team who have worked hard during this unprecedented and challenging time to continue fulfilling our commitment to all partners, ”said Bob McClain, CEO of Crow Holdings Capital. “We believe that our pipeline – particularly in the industrial, multi-family and specialty sectors – will continue to offer attractive opportunities to grow results throughout the life of the fund.”

Hodes Weill Securities, LLC acted as placement agent for Fund IX.

About Crow Holdings

Crow Holdings is a leading national real estate investment and development company with 70 years of operations and $ 21 billion in assets under management. With a strong track record across property types and market cycles, Crow Holdings pursues unique investment opportunities through a range of strategies and risk-return profiles, creating value for its investors, partners and communities. Operating out of 17 offices in the United States, Crow Holdings has extensive industry reach with expertise in multi-family, industrial, office and specialty sectors and has developed or acquired more than 225 million square feet. Our core principles of partnership, collaboration and reconciliation of interests remain central to Crow Holdings today. More information is available at

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