With High-Rise Debut, Modular Construction is Poised for
Take-Off
In the words of an old ad slogan, when it comes to modular
construction — You’ve come a long way, baby. Evidence of that is a
24-story, $34 million high-rise just completed in Wolverhampton,
England.
It is the tallest modular building in Europe, according to its
developers. Vision Modular Structures partnered with Fleming
Developments UK to manufacture and install 805 modules, built in another
location and transported to the construction site. The high-rise is the
tallest of a group of student housing buildings of differing heights at
Wolverhampton, completed in time for the school year that got under way
just weeks ago.
Designed by Manchester-based O’Connell East Architects, the main tower
and adjacent low-rise units incorporate 657 student bedrooms and 142
post-graduate apartments. The Vision Modular buildings are framed with
structural steel and have solid concrete floors.
Michigan Firm Offers Loan Portfolio Toxicity
Analysis
XSite Validation, a real estate technology firm based near
Detroit, has rolled out a new banking industry tool that evaluates the
toxicity of commercial property loans within a portfolio.
The program ranks performing, non-performing and real estate owned (REO)
properties from first to worst, BEST TO WORST? as it assesses the
concentration of types of properties within the portfolio. It also
provides a best-use evaluation of loan portfolio properties by proposing
potential uses for each property.
Some lenders have already used the toxicity analysis to stabilize and
revitalize their commercial real estate loan portfolios, XSite reports.
Bill Pilkington, executive vice president of Michigan-based Warren Bank,
a former regulator with the Federal Reserve Bank, said the analysis
showed which properties needed further scrutiny for later sale or
repurposing.
Annual Green Building Survey, Chance to Win Gift
Card
National Real Estate Investor is once again investigating
trends in the development and use of Green Buildings. Whether you own,
develop or lease green buildings or not, we would like to include your
opinions as an industry professional and valued National Real Estate
Investor reader. Your answers will be kept completely confidential and
used only in tabulation with others. As an added incentive, at the end
of the survey you will be given the opportunity to win a $100 Visa gift
card.
If you’re a developer, click
here.
If you’re a corporate user, click
here.
|
