The fight over rental control is not over
Voters in California rejected a measure on November 3, 2020, that would have overturned a hard-fought compromise over rent control in one of the most expensive rental housing markets in the nation.
Proposition 21 would...
Millionaires in rent-stabilized apartments?
A polo-playing multimillionaire who allegedly broke up Gov. Andrew Cuomo’s marriage, a former tobacco executive who once chaired an anti-tax organization and the head of a hedge fund have all lived in rent-stabilized apartments...
What about apartments?
Parrell testified in May on behalf of the National Multi Housing Council (NMHC) and the National Apartment Association (NAA) before the Senate Banking Committee's hearing on housing finance reform.
Highlighting elements of the existing housing...
Time to move
But the future of the government sponsored enterprises, or GSEs as they are more commonly called, is unlikely to be determined in 2014.
Given the considerable disagreement in Congress over the role the government should...
Jumping from planes
I know this because he told us at the recent Mortgage Bankers Association conference in San Diego. He had just had his second hip replaced, but you couldn't tell it. No matter what you...
How Californians have weaponized environmental law
By any reasonable metric, the empty lot on the corner of First and Lorena Street in the Boyle Heights neighborhood of Los Angeles is a natural place to build housing. With a bus stop...
How bad times bring out the best in people
It’s easy to look around and see how the COVID-19 crisis has brought out the worst in some people—from hoarding thousands of bottles of hand sanitizer to crowding bars and restaurants despite public-health guidelines....
Lessons of time
Metro Realty announced changes to the plans during a public hearing on the project in May, but they didn't appear to satisfy many who came to oppose the project.
A petition signed by 1,343 people...
Builders gonna build
The global pandemic didn’t stop developers from planning new apartments projects—often in smaller, quickly growing metro areas. The boom in apartment construction that began around 2015 barely slowed down in 2020, despite a global...
Winning the big data game
Tech insiders whisper about big data as if it is the pandora's box of the future, and everyone wants to be prepared to take advantage of its value. Many are familiar with the basic...
The most important thing
Capitalism, wrote Marian L. Tupy and Gale L. Pooley in their book, Superabundance, succeeds not only because it is efficient but because it correctly locates the source of wealth in the human mind.
Their book...
Essex spends big to defeat rent control measure
Essex generates 84 percent of its net operating income in California, far more than any other large apartment REIT. That explains why Essex has contributed more to defeat the measure than any other public...
The heart of a multifamily housing professional
And the winner is
I love that line. It’s that time of year when we recognize the best in class within our great industry. NAHB’s coveted Pillars of the Industry winners are in and, man,...
Who says you can’t go back?
I always knew that I'd like this place.
You don't have to look too far, to find a friendly face
I feel alive when I'm walkin' on the street.
I feel the heart of the city poundin'...
