Phoenix rising
The same set of circumstances that forced Fairfield Residential into a short sale last summer in Gilbert and Camden Property Trust to predict double-digit drops in NOI in the Valley of the Sun is...
Transactions market in Phoenix
"Transaction velocity is still very stagnant, contrary to popular belief," said multifamily investment specialist Steve Gebing, whose group operates under the Marcus & Millichap umbrella in the Valley of the Sun. It's easy to compare...
On the right track
But the much-anticipated light-rail inauguration didn't happen soon enough to save a number of TODs planned by companies like Opus Northwest, Unico Properties and Eagle Rock Ventures from being abandoned or postponed until the...
Rough patch
Both ventures are transit-oriented, mixed-use and mixed income and are expected to achieve at least a LEED Silver rating from the U.S. Green Building Council (USGBC), attributes pegged as prime post-recession bets for real...
HUD financing: lessons learned
In the past year, this program has become either the go-to program for apartment investors who have identified buying opportunities, or the last resort for apartment owners with rolling debt. The popularity of the...
Own-to-rent: turning mortgages into leases
Here's how Deed for Lease works: Before a borrower is eligible to rent their home under Deed for Lease program, they must have a deed in lieu of foreclosure agreement (DIL) in place with...
Staring down the barrel
"There are really only three choices -- foreclosure, loan modification or a punt for a little while to see if the borrower can come in with more money," said Manus Clancy, senior managing director...
Social networking unplugged
After all, social media is free, and so decisions seem are easy. But are they appropriate for businesses at large? Likely not, as social media and related avenues are more accurately described as generational...
New study shows how different generations use Facebook
According to the numbers, the top reasons for joining a social network across all generations are to "keep in touch with friends" and "for fun." However, as expected, older users are primarily using the...
Workplace etiquette: avoid conflict in the workplace
Learn to think before you speak. Bite your tongue before that provocative remark comes out of your mouth and you find yourself embroiled in a fight. Sit, wait, think and act when correct Whenever you have...
The accidental landlords
Essentially, homeowners in foreclosure would be allowed to switch from ownership to renting their property. I work for one of the largest "scattered site" property management companies in St. Louis, and I have years of...
Who will save us?
One is H.R. 1935, introduced by Rep. Sander Levin (D-Mich.) that would change the tax treatment of carried interest, or what is known in real estate as "the promote," to regular income from capital...
Unintended consequences
The fact is, President Obama has caused us to care. Gallup recently reported that Americans are paying closer attention to political news than during any non-election year since the company began tracking the issue in...
New life for old business models
When the economy gets tough, senior managers often put their companies under the microscope to identify where to cut or control costs that are dragging down the bottom line. Zeroing in on the minutiae...
Where have all the renters gone?
Historically, when the percentage of renters leaving to buy homes is low, occupancies are healthy and so are rents. Not this time. The economic collapse and the increase in unemployment have altered that equation. Even...
