Events may reduce turnover
Some luxury apartment managers believe residents are less likely to move-out if they know their neighbors… and every move out costs thousands of dollars.
At 1 Martine, a luxury apartment building in downtown White Plains,...
Why Rent.com Sold for $415M Cash.
eBay's purchase of Rent.com for $415 million should trigger a moment of pause for all apartment professionals. The ability of CEO Scott Ingraham, President Allan Hunter and their whole team to build an online...
Equity Residential to take stake in Archstone
The stake would be about half of the ownership held by the two banks and sets the clock ticking for the remaining owner, Lehman Brothers, to match it.
"A 26.5 percent stake gives us a...
INFOGRAPHIC: More LIHTC
A bipartisan tax deal sets a path for more affordable rental units. Part of the broader Tax Relief for American Families and Workers Act of 2024, the proposal boosts low-income housing tax credits (LIHTC)...
Archstone owners decide to sell their stakes
Unable to reach a consensus with Lehman on a plan to sell the entire company, the two banks are now trying to sell their stakes, which total 53 percent, according to people familiar with...
Making public housing work
A report issued by HUD in May drove home how few housing choices our poorest families have. It found that in 2007, nearly 13 million low-income individuals paid more than half their monthly income...
Greystar acquires student housing
EdR, one of the nation’s largest developers, owners and managers of high-quality collegiate housing communities, is being acquired by a newly-formed, perpetual-life fund, Greystar Student Housing Growth and Income Fund, an affiliate of Greystar...
The new abnormal
The current circumstances might be better described as the new abnormal, in which no one knows anything. In June the Conference Board Consumer Confidence Index fell 9 points on the heels of an 11...
Backyard bonuses
California is one of the nation’s largest housing under-producers.
While wages for most Americans have barely budged during this 20-year period, rising home prices and rents have caused homelessness to reach epic proportions in the...
Lent for rent
You just can't open a newspaper or magazine these days without being bombarded with tales of our newfound thriftiness - and related godliness - which, we are told, signals the end of conspicuous consumption...
Job recovery is scant for Americans in prime working years
By this measure, the jobs situation has improved little in recent years. The percentage of workers between the ages of 25 and 54 who have jobs now stands at 75.7 percent, just a percentage...
New research could upend our understanding of economic inequality
Inequality has become one of the most hotly debated topics in economics, spurred on by Thomas Piketty’s book Capital in the Twenty-First Century, which argued that inequality could inexorably rise if the income from...
Cut from the same fabric
The Loray Mill, which for decades produced fabric for car tires, in April began a $40 million conversion project that will create 190 apartments in its six stories, as well as several floors of...
Fair housing demystified
When she was 14, she became friends with Ruby, a black girl, who worked in her aunt’s hair salon in McKinney, Texas, and had many conversations with her about how the black kids were...
The latest cottage business: app fees
At a "nice" $3,500-per-month loft in the Mission, "80 people showed up for the open house," said Ms. Lamas, 23, who recently began working at a tech company in SoMa. "And the landlord said...
