Thursday, May 16, 2024

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Building community

By feeding its hungry, honoring its heroes, beautifying its landscape, supporting local artists and offering discounts to those who teach the children and keep the community safe, the company that owns and operates 146,000...

New world market

He named Rick Graf as successor president of the company last July, re-centering Pinnacle's operations in Dallas, where he believes access to industry talent is greater than in the Pacific Northwest. Graf, who joined...

Hand spun capital: tax credit alternatives

One conventional source is a ground lease, which offers developers long-term possession of a site without the up-front costs associated with purchase. Abode Communities is in pre-construction planning on two joint-use projects slated to...

Bootstrap financing

Some, like Maine's recently enacted state historic tax credit program, are new facilities. Others, like U.S. Department of Agriculture Rural Development's (RD) Multi-family Housing Revitalization Demonstration Program (MPR), have been around for decades. The MPR...

The big picture

"Multifamily has become commoditized," says Hiro Isogai, principal of WDG Interior Architecture of Washington, D.C. "Market pressures have caused developers and designers to make cost-based decisions in developing apartment space. Such sacrifice usually affects...

No more green hyperbole

"In the U.S., buildings consume 65 percent of the electricity and create 30 percent of the greenhouse gasses," said Jed Lowry, director of capital planning for CAS Financial Advisor Services. "Owners want to do...

Who is killing America’s millionaires?

Now those with the most assets and income have the most to lose. Add together the declining markets, an imploding finance sector, a real estate rot that has eaten its way up from the...

Liberty and housing for all

The government housing specialist, whose company today operates 40,000 apartments across the country and has contracts with Uncle Sam to do complete residential makeovers at five military bases, was lured into real estate by...

Truth be told

The hope is that consumers, who account for 70 percent of the economy, will finally begin to spend. And while unemployment, real estate values and dampened credit remain a focus in a number of...

Memphis multihousing sweet spot

"Don't feed the rent monster," said Fogelman Properties President and COO Mark Fogelman, recalling the slogan on fliers circulated throughout the mid-2000s. "He actually had a picture of a monster taking money out of...

Your memory may not be so bad after all

As explicit discrimination has receded in the last two decades, culminating in the elevation of an African-American to the Presidency, a woman to the House Speakership and a black woman to the galactic dominance...

Mastering the complex lease

Every sale is not a good sale. About 35 percent of all sales are bad sales. In one way or another, they leave the customer disappointed or the seller with excess costs and diminished...

Mortgage investors fear safe harbor law

As part of a larger housing bill, President Obama signed a provision granting special legal protection to mortgage servicers that modify loans under the administration's Making Home Affordable plan and the Federal Housing Administration's...

All that Twitters isn’t gold

Just three years old, the free service, which allows its users to send messages of up to 140 characters, is the Internet's fastest growing social networking site, according to the research firm, Nielsen. Unique visitors...

Social networking: the good, the bad and the presumptuous

This is tough on those with a solid foundation in market messaging; those doing good things with modern technologies around the age old concepts of market "conversations" or word of mouth. Ten years ago the...
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