Thursday, March 28, 2024

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A towering trend of supertall buildings

On a clear day, Tal Alexander can see for nine miles all the way to LaGuardia Airport from his apartment at Manhattan’s 432 Park Avenue, the tallest residential-only tower in the world, at 1,396...

Getting inside multifamily’s utility management operation

“In many states we’re seeing an increase in the trend to mandate submetering for any residential and commercial new building construction. Around eight states already have the law in place, up from around three...

Land prices drop

Rising interest rates stress developers as they look for land to build on. But tough times may create opportunities. Land prices are falling—for the first time in more than ten years. Apartment developers are asking...

Turning point for public housing

In New York City, hundreds of public housing residents live in buildings where the elevators don’t work—like Building Four at The Bay View Houses, a public housing project in the Canarsie neighborhood of Brooklyn....

Net neutrality: the real story

Since Donald Trump’s election, the rhetoric surrounding net neutrality’s imminent demise has been frenzied. Every move by newly appointed Federal Communications Commission (FCC) chair Ajit Pai generates a chorus of consumer advocates bemoaning the...

Broadband’s tangled web

In fact, multifamily industry groups warn that the FCC’s investigation into the best ways to promote competition among broadband service providers and renters’ access to service providers could have an adverse effect. It’s no secret...

Breathing new life

Parcels at Concourse, crowned Community of the Year by the Pillars judges, not only revitalized a long-deserted historic building in a declining area of Memphis, Tenn., but also incorporated an impressive array of uses...

LED lights the way to savings

The price for LED (light emitting diode) bulbs has plummeted more than 90 percent since 2008 and today’s bulbs use 70 to 90 percent less energy and last 15 times longer than the old...

Unintended consequences of public housing

My grandfather was the first landlord I ever met. It was he who taught me about the business of rental housing, starting and running companies, and the intrinsic value of hard work—all without ever...

Knocking the rust off the Rust Belt

Investments into one of the nation’s poorest zip codes in the Rust Belt are fueling an historic preservation and mixed-use redevelopment project on three blocks in Erie, Pa.’s downtown core, setting a national standard...

New York City’s rent control laws erase property rights and worsen housing supply

Owning property means more than having your name on a deed. Lawyers and judges often refer to property ownership as a “bundle of rights,” because with ownership comes more than just the mere right...

Filling in the gaps

Apartments properties are buried in packages—and more keep coming. Property managers still look for a reasonable solution that doesn’t cost too much. Short of hiring a human staff person to receive packages and watch them...

The fable of the bees

The fable of bees (or private vices, public benefits) was written in 1714 by Bernard Mandeville, who is today considered one of the first purveyors of economic theory. At the time of his writing...

A great deal of ruin in a nation

Asked if the loss of the American colonies would mean ruin for Britain, Adam Smith replied, “There is a great deal of ruin in a nation.” Even after the loss, Britain went on to...

Can’t fight that feeling

But the apartment industry is catching on with the help of partners like software provider Yardi, which tapped the hotel sector for cutting edge solutions to repeat business and extended leases during its 2017...
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