Cheaper by the dozen
In mid-January, the apartment REIT announced the exercise of an option to purchase the 80 percent interest not currently owned by Camden in 12 related joint ventures for $99.5 million. Camden originally owned 100 percent...
Shores: A love story
The love story began in 1955, when Epstein was first approached by then Los Angeles County Supervisor Burton Chase to assist in the planning for the creation of Marina del Rey, soon to become...
And the winners are…
The 466-unit first phase of Columbia Parc at the Bayou District in New Orleans, La., winner of both the Community of the Year and Best Affordable Community awards, was honored by a visit from...
The envelope, please…
"These finalists not only survived the bad times, but also produced fine work and should be commended," said Charles R. Brindell, Jr., chair of NAHB's Multifamily Leadership Board, CEO of Mill Creek Residential Trust...
Ready for launch
"We think it's a great time to grow these enterprises," said UDR CEO Tom Toomey of the expansion in the apartment industry. "You can't sit there and look at the wall of demand that...
Getting the green light
In January, NAHB Chief Economist David Crowe told attendees at NAHB Builder's show in Orlando, Fla., that he expects 2011's selling season for single-family homes to beat out 2010, with job growth providing an...
Builder be nimble
Apartment REITs, despite their ability to finance development projects on their own balance sheet, were not the first out of the gate. Instead, it was privately held real estate company Wood Partners, which has a...
In it to win it
Honoring the historic nature of their surroundings while giving them facelifts, from mixed-use to student housing, the vast majority of those recognized for excellence in multifamily development sought to increase connectivity between urban neighborhoods,...
Oasis in a dry economy
"Increased renter demand from the baby boom echo, falling home-ownership rate and historically low new supply almost offset the worst drop in employment in over 60 years," said Camden Property Trust CEO Ric Campo,...
Sunny skies. Great buys.
Land is sacred in Hawaii. And, going vertical makes perfect sense on an island where real estate is in finite supply. The success of the pre-sales at Pacifica Honolulu, where a ground blessing ceremony...
NAHB Multifamily’s showcase of the best and the brightest
But the lack of a bricks-and-mortar venue in no way diminishes the value of the award that is considered the Oscar of the multifamily industry. And association members and the public will have ample...
EQR hunts for deals
The company that traditionally has grown through acquisition, but bought no assets at all in the first three quarters of 2009, bought two in Q4. Last October, the REIT closed an all-cash transaction to...
Safe harbor
The mainly bi-coastal apartment REIT broke ground for two new apartment projects in Q4 2009. The 219-unit, $36 million second phase of Avalon Northborough, in a suburb about 22 miles west of Boston got...
Real estate deals: catching a falling knife
That was one notable assessment by panelists at the fall conference of the Samuel Zell and Robert Lurie Real Estate Center held at Wharton recently. They also offered insights on lessons learned from the...
Who will save us?
One is H.R. 1935, introduced by Rep. Sander Levin (D-Mich.) that would change the tax treatment of carried interest, or what is known in real estate as "the promote," to regular income from capital...