Make $23K more every year
That's the average gap in earnings between adults with bachelor's degrees and those with high school diplomas, according to data from the Census Bureau. College graduates made an average of $51,554 in 2004, the most...
All that glitters
NEW YORK CITY Manhattan landlords can expect to see vacancy rates drop even as they significantly raise rental rates, according to Marcus & Millichap's Apartment Research quarterly report. This landlord market is projected to...
Raising rents 101
A glance at college enrollment figures over the last few decades shows some dramatic trends. Shortly before World War II, only approximately 160,000 Americans were in college. But thanks to 1944's Servicemen's Readjustment Act,...
Brave new world wide web
Once thought of as a great enhancement tool, technology is now determining the winners and losers in a fierce battle for the lead. Leasing agents are in a unique position to help owners and managers...
Home sweet home
EL DORADO HILLS, CALIF. It's been said that great ideas come about in the shower, but for Kerrin West it happened at the dinner table. A partner with Bloodgood Sharp Buster Architects and Planners, a...
Senior housing portfolio closes for $602.4M
LOUISVILLE, Ky., Ventas, Inc. (VTR) has completed its acquisition of a portfolio of healthcare and senior housing properties in a transaction with Canada's Reichmann family. The purchase price for 64 assets is $602.4 million. Finalization...
Big deal in the Big Apple
The bidding war for the largest apartment complex in Manhattan is over. The winner of Stuyvestant Town and Peter Cooper Village, built by Metropolitan Life Insurance in the 1940s, is a JV of Tishman...
Courting their kids
While Bill Donges allows that the preferences of a small group of Lane Company interns can hardly be considered the standard for the entire cohort of more than 80 million children of the baby...
Fair housing settlement made to residents with children
SANTA ANA, CALIF. The Fair Housing Council of Orange County has reached a $125,000 settlement in a housing discrimination case against Bertram Management LLC, the company who manages the Stuart Drive/Rose Garden Apartments, a...
His mother’s eyes and his father’s debt
Inter-generational loans will become more common as property prices outpace the rise in salaries. Almost 25 percent of California's borrowers have home loans at 40 year terms. The trend is strengthening as both a...
$630M Military housing privatization project opens first community
The project will include single-family homes, duplexes and triplexes located on the 52-acre site, renovations to over 4,000 existing homes and construction of 1,200 new homes -- a deal between the U.S. Navy and...
Property Bill of Rights passed by House
HR4772 would help ensure due process for property owners when their rights have been violated and their property has been taken. The bill would clear procedural hurdles that affect property owners' access to justice...
Found land
Until a decade ago, only a handful of companies specialized in redeveloping environmentally blighted land, and mostly for commercial and industrial product because of the higher clean-up standards for residential use. Even then, it...
Up in smoke
The resulting fire at the Spanish Gate Apartments burned the entire 59-unit community to the ground. One woman was killed. Another was sent to the hospital in critical condition. All remaining residents were instantly...
Rogue wave
In today's soft housing environment, a company that focuses entirely on development of infill for-sale housing with a strong emphasis on condos may appear contrarian. But take a closer look at Silverstone's strategy and...
