I love this town Bon Jovi style
On Sept. 2, 2008, the lead singer and founding member of the eponymous rock band was back in Newark, shovel in hand, to turn first dirt on the Newark Genesis Apartments, 51 units of...
New HUD secretary is a multihousing guy
Since 2004, Commissioner Donovan has headed New York's Department of Housing Preservation and Development. During the Clinton Administration he served as Under Secretary of HUD for Multifamily Housing and also served as the Acting...
Back to basics
Over the years since George Lane founded the multifamily company in Atlanta, its platform has grown to include development, investment, asset and property management, renovation and construction of a wide variety of apartments, condos...
The big chill
Multihousing brokers are certainly feeling the pinch. During a panel discussion at the Apartments 2008 conference in Los Angeles, hosted by Real Estate Southern California and GlobeSt.com on October 2, brokers from CB Richard...
Freddie and Fannie, how low can you go?
"The Congress really took a hard look at our industry's lobbying efforts to create a more balanced housing policy," Camden Property Trust CEO Ric Campo told analysts during the apartment REIT's Q2 earnings call,...
The envelope please.
The dynamic, edgy look with lots of steel and glass, concrete and brick, variations of color and texture and dramatic features like bays of different depths, overhangs, staggered roof lines and building heights and...
Multifamily’s TKO
Over the past ten years, the 35-year-old Olympic gold medalist, ten- time world title holder in a record six weight classes and Grammy-nominated recording artist has been assembling a business empire known as Golden...
The real deal
The company's execs caught market watchers by surprise this year with the announcement at the end of January that UDR has entered into a contract to sell 25,684 apartments spread from Oregon to Delaware...
Sailing uncharted seas
The UCLA Anderson Forecast calls for a near-miss recession, nationally and in the nation's top performing West Coast markets, driven to the brink by the ailing single-family housing market and anemic job growth, but...
Sam Zell: Credit crisis not that bad
In a recent lecture at Wharton School of Business, moderated by real estate professor Peter Linneman, the Chicago-based investor said current markets are spooked by problems with U.S. subprime lending. However, they still have...
Hold Everything
The keenly watched deal is the second largest real estate buyout in history, eclipsed only by the $39 billion acquisition of EOP by The Blackstone Group. The deal was struck in late May, before...
The big deal
The price excludes transaction costs but includes the assumption of more than $8 billion of debt and $60.75 per share in cash to shareholders, which represents a 22.7 percent premium to the closing price...
NAHB Multifamily starts spreadin’ the news
The multifamily industry has been an important part of the 65-year- old National Association of Homebuilders (NAHB) for decades. Since 1981, NAHB Multifamily has served as one of the voices of the industry. But...
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....