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...
You don’t always get what you want
Reilly’s building, the Windermere West End, a luxury rental, is one of several in the city that prohibit rent-regulated tenants from using new services like gyms, playrooms and rooftop gardens. Some co-op and condo...
I can’t get no
One person, Arie Shashou, 77, thought just that. That was before Shashou received an eviction notice in March. Shashou’s $825-a-month rent-controlled apartment, and 17 other units, will be demolished to make way for a...
Build it and they will come
Since the fourth quarter of 2009, the REIT has started and completed 27 communities, representing over $1.4 billion in total capital cost. In addition, the company has 12 development communities in lease-up representing a...
UDR logistics: The art of the right turn
On a year-over-year basis, the REIT saw reductions in spending on apartment community upkeep of 4.1 percent in Q1, 11.7 percent in Q2 and another 5.2 percent in Q3, ending the year with repairs...
Data to dollars: a story of the relentless American business
Storytelling may, indeed, be the secret to life. I come from a long line of storytellers. Hailing from a large Catholic family, you either perfected the craft and rose to the top of the...
The buy boom
A recent industry survey conducted by Beech Street Capital, a Capital One company, reports that multifamily housing acquisitions are on the rise, driving an increase in demand for acquisition financing. Nearly half of the...
Sticks in the ground
The miracle product? Wood. Some architects and engineers say new wood products are making it possible to build wooden structures much taller than had previously been considered safe. Now the U.S. Department of Agriculture is throwing...
Gun deposit?
Although the state’s new conceal carry law allows private property owners to prohibit handguns on their premises, operators of residential rental properties are still sorting out how that applies to them. Can they ban guns...
Lincoln leadership lessons
Here’s what Honest Abe did, why it works and how it can make you a better leader. Get out of the office and circulate among the troops In 1861 Lincoln spent more time outside the White...
The uncertainty trap
Common sense says that economies, like people, take a while to regain their courage after a scare. Still, other forces, such as bargain basement prices and the chance to beat competitors to the punch,...
Pat, the story
Secretly, she hoped for a management contract resulting from the previous pitches she made while regional VP at Legacy Partners. Instead, she was taken aback by the much more prominent role she was asked...
The rise and sell of BRE
And, if stock prices are an indication of which REITs investors wager are ripe for M&A, Home Properties and Post Properties both are on the radar as potential targets. Exactly 12 months after the Archstone...
Time is on our side
As a younger self, I watched mere mortals struggle against the will of the "Old Man" with a child's curiosity. Here I learned a simple truth. Quiet observation and analysis informs future events. If you...
Rentals grow more scarce, driving rents up
The rental vacancy rate, or the share of units that are empty and available for rent, fell 0.5 percentage point in 2013 to 8.2 percent in the fourth quarter from a year earlier, the...
