Educating e-boomers
And, thanks to the support of the three-year-old Georgia Apartment Industry Education Foundation (GAIEF), many of them are receiving university-level instruction in the Peachtree State to better prepare them for jobs in the rental...
The big chill
United Dominion Realty Trust plans to save a cool $12 to $18 million by keeping ahead of new law regulating air conditioning equipment efficiency. Anticipating an increase in U.S. Department of Energy standards for...
The lonely life of a 3 bedroom
The top-floor condominium at Dawson and Morgan streets in Raleigh seems to have it all: Brazilian cherry floors, granite counters, a balcony with a skyline view. It also has three bedrooms, and that could be...
From Ground Zero of the housing bust
The home next to it just went up for sale, too. So did the house two units down on the other side and the sign says "For Sale by Owner." Is that all? Hardly. Two...
Mean, green eco machine
Like the story line of a Brad Pitt movie, New Orleans is an epic parable of man versus environment. Last month, the twice-named Sexiest Man Alive by People magazine, swept into town to shine...
Just say no to criminals
After witnessing an odd commotion at her neighbor's home, a resident in a southwest apartment community promptly dialed 911. From the witness' description and a subsequent police check, the FBI and ATF were called...
Nine Las Vegas senior apartment communities sell for $243.5M
LAS VEGAS Orion Residential of Chicago spent $243.5 million to acquire nine Carefree communities totaling 2,219 units. Excluded from the deal, which closed in July, were Carefree's Willows development under construction in Summerlin and a...
$82M deal reflects hot market
CHARLOTTE, NC Autumn Park in Charlotte traded hands for $48.9 million and the Lincoln Green Apartments in Greensboro traded for $33.75 million. Dean Smith of Apartment Realty Advisors' North Carolina office, represented the sellers in...
The 5 second commute
LA QUINTA, CA The live/work concept is gaining steam in California, especially in urban areas where higher density for-sale housing is being developed. Now the idea of living and working in the same place...
Market pulse
The latest reports from industry associations and the annual report on the state of the nation's housing from the Joint Center for Housing Studies at Harvard University all point to a strengthening apartment market...
No more free rent
Debt percentage relative to income during this period rose even more. To make matters worse, bankruptcies among these households are rising steeply. Christian Weller, author of this gloomy prognosis, predicts that the situation may only get...
The golden employee
Multihousing professionals are educated and trained to calculate and project Return on Investment, services and a whole host of other items every day. But what is a good return on an employee? An employee costs...
Downsize your life
The condo glut in some markets could soon turn into a blessing for owners looking to sell and buyers trying to land their first home, if a forecast from the Urban Land Institute (ULI)...
What keeps owners up at night?
Residents who cause a fire in their apartment, or are impacted by a fire in a nearby apartment, will likely not have the resources to cover the damage or even remain in the community....
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...
