Gen Y buy in
Not long ago apartment living was an accepted rite of passage -- a years-long holding station between dormitory living and home-ownership. But with today's mortgage interest rates near historic lows, lenders offering more flexible...
A touch of Magic
When he went to Barcelona in 1992 to play on the original "Dream Team," he returned with a gold medal. After retiring from the NBA, he formed a development company to build a shopping plaza....
Bosses behaving badly
As more companies take on Wal-Mart-esque business practices and prioritize fast profit to the detriment of staff and work environments, the long view to profitability based on employee morale is abandoned. This gives way...
More help wanted
Recruiters and human resource experts say the traditional functions of managing employees -- attraction, retention and engagement -- will continue to be important in the year ahead, but there are broader changes taking place...
Construction’s up and it’s not even “the big one”
So says Mark Obrinsky, chief economist for the National Multi Housing Council. He expected to see December housing starts to be higher than usual. Starts of multifamily housing jumped 42 percent, according to the...
Realtors bring in the big ad guns
The gigantic trade group is determined to convince everyone it's a good time to buy, a good time to sell, and a good time to hire a Realtor if you want to do either. The...
On the scout for distressed property
Beginning in California in 1996 and recently expanding into the Southeast, Bascom established a track record of buying and repositioning distressed multifamily assets. Bascom Managing Director and Co-Founder David Kim said the venture with Warburg...
AVB added to S&P 500
The Alexandria, Va.-based apartment REIT will replace Symbol Technologies, Inc. (SBL:NYSE), a manufacturer of bar code and inventory scanning technology that was acquired by Motorola, Inc. When the SBL/Motorola deal is sealed, AVB will...
Archstone-Smith COO retires
Freeman is being replaced by Charles E. Mueller, Jr., who also joined Archstone-Smith 13 years ago and served for the past eight years as chief financial officer. Other executive changes coinciding with Freeman's retirement...
Pod vision
Within the Web 2.0 tool kit are dynamic website features. Web 2 differs from its predecessor in that, although still ill-defined by technologists, it changes based on the users' content requests and is largely...
Colonial Properties sells off 3,959 units in Southwest
"We recognized approximately a 77 percent return on investment during our ownership with DRA Advisors," said Paul Earle, executive VP of the company's multifamily division. "Our joint venture investment in these properties in late...
CBRE multihousing sales top $772M in Florida
CBRE's sales accounted for 42 percent of the $1.85 billion total apartment sales in metro Orlando. In terms of total dollars, 2006 was the second most active year for Central Florida apartment sales, trailing...
Mid-America wins first NMHC award
The new NMHC award, which honors apartment firms that have excelled in community service and philanthropic activities, includes a $10,000 donation to the winner's charity of choice. Mid-America was selected for its "Open Arms"...
MH Industry must adjust to growing renter diversity
PHOENIX That's the advice given by Leanne Lachman, president of Lachman Associates, during the "Demographics of Rental Demand" presentation at the National Multi Housing Council's Annual meeting in Phoenix. With the U.S. population expected to...
Grubb & Ellis predicts soft landing in annual forecast
Construction remains in check and the economy grows enough to fuel continued business and global trade expansion. Stable interest and cap rates will keep the real estate investment market healthy. "We expect the economy to...