Better to be lucky than good
The fund closed in February 2006 with $455 million of equity and an investment capacity of $1.3 billion on a leveraged basis and has around $45 million of equity remaining that Waterton expects to...
Windows of opportunity
Windows, along with doors and skylights, are almost always the weak link in a building's envelope. They can account for 35 to 40 percent of a unit's heat loss and an even higher percentage...
And the beat goes on
Brad Pitt toured the construction site of a house in New Orleans that is based on the winning design in a competition he launched to help the area recover from Hurricane Katrina. Wearing khaki...
Playing favorites
The fact that favoritism in the workplace exists is not news, but in high-profile cases, it often makes the news. Two years ago, for example, Harry C. Stonecipher was forced to resign the presidency...
The changing office
Management consultant and professor Peter Drucker once asked, "Why would any company pay (in salary and time) to transport a 190-pound body when all it needed was the body's three-pound brain?" Was he just ahead...
Agency borrowing: Why the multifamily industry relies on GSEs
First, there are the portfolio lenders including banks and insurance companies. These lenders retain loans "in their portfolio" by making loans using funds from deposits or insurance premiums and then keeping those loans on...
Hold Everything
The keenly watched deal is the second largest real estate buyout in history, eclipsed only by the $39 billion acquisition of EOP by The Blackstone Group. The deal was struck in late May, before...
Be Inspired
I know that our cover story, Newark Mayor Cory Booker was never a Girl Scout... but then again, what do I know? At Oxford, after wandering into a meeting of LaChaim, a Jewish student...
Rebuilding History
The builder that is famous for massive mixed-use redevelopment projects like Stapleton, the makeover of a 4,700-acre former airport site just outside Denver, and the gigantic Atlantic Yards in Brooklyn and won the title...
One For the Landlord
Just weeks ago, U.S. District Court Judge James Munley struck down a local Hazelton, Pa. ordinance that attempted to curb illegal immigrants into their city. The ruling is a perceived win for multifamily owners...
Extreme Urban Development
The first market-rate apartments created in Downtown Newark, N.J., in more than 40 years are nearly complete. Since pre-leasing began last August, the 317 units at Eleven80 have rented at an impressive rate of...
The War Within: Newark
Newark, the third-oldest major city in America behind Boston and New York, was founded as a farming community on the banks of the Passaic River by a band of Puritans in 1666. During Colonial...
The Sound Of Silence
Luxury amenities and finishes like ceramic tile, high ceilings, wireless Internet connection and state-of-the-art appliances, business centers, and fitness rooms that once provided multifamily builders the opportunity to differentiate their products from run-of-the-mill communities...
Secondhand Sound
Acoustics experts and healthcare professionals agree that unwanted sound, which is the basic definition of noise, can be a whole lot more than simply annoying. Depending on its loudness, frequency and other qualities, noise...