Thursday, May 9, 2024

Article

MetLife puts its MH on the block

Last year, it sold the MetLife Building at 200 Park Avenue, a 58-story, 2.8 million square-foot office tower, for $1.72 billion, the highest recorded price for an office building in America. MetLife will set another...

Fowl play

"Right now in human beings, avian flu kills 55 percent of the people it infects," says Laurie Garrett, a senior fellow on global health policy at the Council on Foreign Relations. "That makes it...

The tempest

It should be glorious to be Bill Gray, professor emeritus. He is often called the world's most famous hurricane expert. He's the guy who, every year, predicts the number of hurricanes that will form...

Fire sale

"More properties are underway and unsold than at any time in history," says Jack McCabe of McCabe Research and Consulting in Deerfield Beach, Fla. "Sales in all segments of the for-sale housing market have...

In the money

The website CondoFlip.com, launched as a listing site for flipping pre-construction and converted condos, boasts bubbles are for bathtubs. But today's condo market is becoming quite frothy and sharks have caught the scent of...

Elements of surprise

Henry Shane will never forget the challenges he faced after Hurricane Katrina ravaged the Gulf Coast last year. Shane, co-owner of Metairie-based 1st Lake Properties, the largest multifamily owner in Louisiana, had a disaster plan...

The game of risk

The AIA, which represents approximately 400 major insurance companies that provide all lines of property and casualty insurance and write more than $120 billion annually in premiums, published an agenda that contains specific steps...

What’s ahead for owners

Apartment fundamentals are improving, beginning in the leading coastal markets and moving inward to laggard markets like Denver, Charlotte, Atlanta, St. Louis and Chicago. The rental sector received a power boost from diminished supply thanks...

You have more power than you know

I heard Bill Clinton at the National Apartment Association convention in Denver last month. He's certainly one of the most charming, well-spoken, articulate ex-presidents since, well, Ronald Reagan. I was, however, distracted by the audience....

Pay it forward

Florida-based developer, David Meunier rehabilitates properties that are neglected or abandoned into decent, respectable, even stylish residences. A self described "one-man show," Meunier builds value in each project for the neighborhood and the resident. Meunier's...

Corporate convergence

High-tech firms usually take one of two paths to sustained growth: develop innovative solutions not available on the market or acquire firms who have developed those solutions. Cincinnati-based Domin-8 Enterprise Solutions™, a provider of property...

Some of the people, some of the time.

For forty years, the multihousing industry has been a proactive agent of fair housing law. After all, it was charged with a lead roll in making this significant change in the American landscape. Nationally...

Texas-size dreams

HOUSTON The Finger Cos. is planning to build a 37-story apartment tower on land crowning the city's new downtown park -- the first residential tower in this area in decades. Construction is expected to...

The compulsory renter

Multihousing professionals were relieved when a bill was recently defeated in the Southern California city of San Bernadino. The Illegal Immigration Relief Act Ordinance proposed criminal penalties for apartment owners found to be renting...

United we stand

While the 1,776-foot Freedom Tower seems to have grabbed all the headlines, the deal involving state and city agencies and developer Larry Silverstein, also paved the way for a solid residential element at Ground...
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