Thursday, November 11, 2010
Houston adopted a compromise solution on fire alarm retrofit yesterday. Under the new Fire Code, only unsprinklered apartment buildings with 17+ units with units opening onto interior corridors will be required to retrofit automatically with pull-station fire alarms, and those alarms will not require monitoring. Interior-corridor properties with up to 50 affected units will have until the end of 2012, larger interior-corridor properties until the end of 2013. Garden style properties will have to install pull-station fire alarms only in the event of a "major rehab," defined as work costing 25% or more of the building's market value. In exchange for this concession, Houston will require all apartment bedrooms not already equipped with smoke detectors to be retrofitted with battery-operated, single-station (not interconnected) smoke detectors by the end of 2011. The actual text of the new requirement is posted on the HAA website.
Thursday, October 07, 2010
Despite the less than impressive economic
recovery, US apartment fundamentals improved significantly during the
third quarter, according to MPF Research's most recent data.
Occupancy rates and effective rents in US apartments continued to
climb sharply during the third quarter, according to preliminary results
from the firm's third quarter survey.
Tuesday, June 29, 2010
Download your hurricane tracking chart today!
Thursday, April 01, 2010
As Penco celebrates 40 years in business, we thought we would take a look back to the beginning. Many of you know about Penco’s recent history – enjoying steady growth by putting our customers’ satisfaction first. But, some of you may not know much about the early days. Below, Penco Founder, Nick Renneker, reflects on the company’s beginnings and how the foundation was laid for the company that thrives today.
Thursday, April 01, 2010
The City of Houston will begin randomly inspecting apartment complexes in an effort to keep residents safe.
Saturday, December 05, 2009
Strategize Magazine, a nationwide construction, design and architectural publication committed to innovation and best practices in the industry, profiles Penco and our commitment to customer satisfaction. Strategize offers practical advice on formulating a road map to success and highlights a wide array of topics, trends, strategies and case studies from a broad section of dynamic industry sectors.
Friday, August 28, 2009
Penco Construction Company has been selected for the 2009 Houston Award in the Fire Damage Restoration category by the U.S. Commerce Association (USCA).
Tuesday, June 02, 2009
Hurricane season is upon us. It is not a question of if a hurricane will strike, but rather when and where?
Monday, June 01, 2009
As a part of the American Recovery and Reinvestment Act, HUD recently announced assessing $250 million for loans or grants for energy retrofits and green investment projects for owners of Section 202, Section 811 and Section 8 properties
Monday, March 16, 2009
Despite economy’s woes, national leader in multifamily reconstruction closes new round of financing to fund continued growth