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...
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...
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...