JPI Continues Streak as Dallas-Fort Worth’s Number One Apartment Developer – Austin Business Journal

IRVING, Texas, Feb. 8, 2018 /PRNewswire/ — For the third year in a row, JPI, a leader in the development of Class A multifamily housing, is recognized as the number one most active apartment developer in Dallas-Fort Worth. JPI has more than 4,201 apartment homes under construction in the DFW market, according to research by Axiometrics.

"This is an accomplishment that could not have been realized without the dedication and hard work of each and every member of our team," said Matt Brendel, senior vice president and development partner at JPI. "Our sustained success can be attributed to our data-driven decision-making and the quality of the product we produce for our investors and residents. We anticipate 2018 being another great year for JPI."

In response to continued growth in the DFW market, JPI plans to utilize its best-in-class investment and organizational platforms to deliver top-of-market homes in strategic locations throughout the metroplex well into the future.

JPI’s latest project under construction is Jefferson Silverlake, a luxury multifamily development located in Grapevine – just minutes away from the new U.S. headquarters for Kubota Tractor, which broke ground in early January 2018. Jefferson Silverlake will also offer an easy commute to both Dallas and Fort Worth, as it is located among two high-profile transportation projects: the DFW Connector expansion of Highways 114 and 121 and the future TEXRail Grapevine Main Street station.

About JPI

JPI is a national developer, builder and investment manager of Class A multifamily assets across the U.S. and is the most active multifamily developer in Dallas-Fort Worth, with 4,201 apartment homes under construction. Headquartered in Irving, Texas, JPI also has offices in California, Arizona, and New York. With a 30-year history of successful developments throughout major U.S. markets and an unparalleled depth of industry-specific experience, JPI stands among the most active privately held real estate companies in the country. JPI’s executive leadership team has an average of 25 years of comprehensive experience in multifamily developments – ranging from low-density garden apartments and mid- to high-density wrap and podium projects to student-living housing projects and mixed-use high-rise developments. The firm offers investment management, pre-development, underwriting, marketing and asset management services as well as construction, financial and administrative services. To learn more about JPI, please visit JPI.com.

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Deadly massacre adds 17 names to list of lives lost over 20 years of school shootings in America

The deadly massacre at Marjory Stoneman Douglas High School in Parkland, Fla. added seventeen names to the list of lives claimed in school shootings in America.

For twenty years, presidents have addressd the American people in the wake of massacres at schools in the United States, from the 1999 massacre at Columbine High School in Columbine, Co., to the mass shooting in Parkland, Florida on Feb. 14.

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Here Are The Best 27 Books About Austin And Texas For Newcomers

Dan Brooks is moving to Austin from Philadelphia next week. But before he got here, he wanted some reading material.

“I like to know as much as possible about where I am, what community I’m a part of, where I’m living,” he said. “It’s important for me to have an idea of the space that I’m occupying, and books are generally one good way to learn about a place.”

Dan asked our ATXplained project for some recommendations for books about Austin or Texas to help orient him to his new city. So, we asked our audience for ideas.

You delivered. We got almost 200 recommendations in three days.

We pared them down to the most recommended ones – and we landed on a list of 27 (just to keep it manageable) and put them in alphabetical order by title.

So, Dan: Happy reading!

“Armadillo World Headquarters: A Memoir” by Eddie Wilson and Jesse Sublett

A recollection of the history of the legendary music venue and its role in Austin’s music scene. (Nonfiction)

“The book is an amazing assemblage of reporting about all the things that happened at the Armadillo, how they kicked it open, but more than that. The acts that came there, the musicians that played there, the whole culture during that period.” – Forrest Preece

“This book covers a period of time in Austin history that basically created the world’s live music capital.” – Ranleigh Hirsh

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“An Austin Alphabet: W Is For Weird” by Lori Otto Samocha and Lauri Johnston

A children’s book highlighting the sights and culture of Austin, through each letter of the alphabet.

“It’s full of fun facts about our beloved city with a little bit of history mixed in, and will surely be a welcome easy read for Dan amongst all of the great recommendations coming in. Plus, a few years down the road when Dan and his girlfriend have kids of their own, they’ll be prepared to teach them the alphabet, Austin style!”- Lauri Johnston

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Tracking snow for Sunday

CLEVELAND – Snow appears likely after midnight, and most likely after about 8 or 9 Sunday morning. Anticipate general amounts of 2-4″ accumulation.

With us trending colder again our Lake Erie ice coverage will climb to above 90% shutting off significant lake effect snow.

The long range February outlook continues to show persistent cold with above normal snowfall, at least for the first week or two.

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Charles Koch: ‘Unite with anybody to do right’

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Fed Nominee Goodfriend Set to Face Senators’ Questions at Confirmation Hearing

Marvin Goodfriend was interviewed at the Jackson Hole economic symposium in Wyoming in 2016.

Marvin Goodfriend, who has been nominated for a seat on the Federal Reserve Board of Governors, heads to Capitol Hill on Tuesday for his Senate Banking Committee confirmation hearing. President Donald Trump nominated the Carnegie Mellon professor and former Richmond Fed economist in November.

Mr. Goodfriend has published widely and has testified before Congress in the past. Here are five things to watch at his confirmation hearing.

Is He a Hawk or a Dove?

Fed observers, including lawmakers, like to divide Fed officials into two camps: the hawks, who want tighter monetary policy to control inflation pressures, and the doves, who prefer looser policy to give a greater boost to the labor market. Mr. Goodfriend’s past views suggest he doesn’t fit neatly into either camp. His focus on making sure the Fed sticks to its 2% inflation target made him call for higher interest rates in 2011, when inflation was threatening to rise. In 2015, when inflation was low, he suggested holding off on raising rates. Expect lawmakers to try to pin him down on what the Fed should do in the next few years.

More Congressional Oversight?

Mr. Goodfriend has said the Fed should ask Congress to set its 2% inflation target into law to make the central bank more credible. He also has argued in favor of using a mathematical formula for setting interest rates. Other Fed officials, including Mr. Trump’s nominee for chairman, Jerome Powell, have been reluctant to embrace more congressional oversight and such formal policy rules. Mr. Goodfriend’s positions could draw sharp questions from Democrats concerned about lawmakers exerting too much political influence on the central bank.

Regulatory Changes?

When Mr. Powell testified before the committee at his confirmation hearing in November, he told Sen. Elizabeth Warren (D., Mass.) that the rules imposed on financial institutions following the crisis were “tough enough.” He also told Sen. John Kennedy (R., La.) that he didn’t believe any financial institutions were “too big to fail,” or so large the federal government would have to rescue them lest their collapse destabilize the financial system. Mr. Goodfriend, in his academic career, hasn’t opined much on the Fed’s postcrisis regulatory agenda, and lawmakers are sure to probe his views. In particular, we could see senators ask him whether he agrees with Mr. Powell’s assessment.

Unconventional Policies?

Lawmakers are likely to press Mr. Goodfriend on his views of unconventional monetary policies adopted by the Fed and other central banks since the financial crisis. He has criticized the Fed’ asset purchases, for example, saying they blurred the lines between fiscal and monetary policy and distorted markets by including mortgage securities. That position is likely to prove popular with Republicans who have criticized the programs. Mr. Goodfriend also has supported dropping interest rates into negative territory to fight downturns, which could hurt retirees and other savers.

A Fee on Cash?

Normally, banks pay interest to their customers on their deposits. With negative interest rates, the customers pay the banks to hold their deposits. When central banks impose negative rates, they hope private-sector banks will lend more and their customers will spend more rather than pay the interest charges. But the customers—consumers, businesses and other account holders—could opt to hold their savings in cash rather than in banks to avoid the charges. To counter that, Mr. Goodfriend has suggested the Fed could either abolish paper currency outright or charge people for taking cash out of banks. He has proposed several mechanisms to implement the idea, including inserting a magnetic strip on bank notes to track when they enter into circulation. Look for lawmakers to press Mr. Goodfriend for his thoughts on the future of cash.

Write to David Harrison at david.harrison@wsj.com

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Investing In Austin TX Real Estate

You can invest money into Austin TX real estate and make it back and then some if you know what you’re doing. If you want to know how to buy homes, fix them up, and then sell them then you have come to the right place.

Look for a fixer upper home that you can buy for cheap. These are homes that have problems that make them cheaper because they have things like plumbing issues going on. Or, the house just may be in rough shape in general and need a little bit of work done to it so it can be made livable. The goal is to find a home that is cheap enough to make money off of after you do your renovations. So, find out what renovations will cost before you buy a fixer upper so you know what to expect to make.

When you buy a home for a low price, you want to wait until the market is primed for selling for higher prices. There are times where you’ll lose money if you sell at a certain time and that’s why you may want to hang onto a home for a while until the market shifts in your favor. While waiting to sell a home, you want to keep the home in decent shape. For instance, you want to mow the yard on a regular basis and go in and dust the surfaces in the home to keep it nice looking.

When you invest in Austin TX real estate, you have to do all of your research carefully. You want to make sure you’re getting the most out of what you invest into a home. If you can’t make your money back or at least break even, that would be the worst outcome.

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