A house becoming more divided
Consider foreclosure-ravaged Detroit. In the historic Green Acres district, a haven for hipsters, a pristine, three-bedroom brick Tudor recently sold for $6,000—about what a buyer would have paid during the Great Depression.
Yet just 15...
Afraid to move
Consider these signs of the times:
The Gallup-Healthways Well-Being Index registered 47.1 in August for the category titled "work satisfaction"—the lowest it has been since the measurement was introduced in January 2008. The number means...
Archstone owners decide to sell their stakes
Unable to reach a consensus with Lehman on a plan to sell the entire company, the two banks are now trying to sell their stakes, which total 53 percent, according to people familiar with...
Cheap, the new chic
By the time she started her YesIAmCheap.com blog in January 2009 as a way to make herself more accountable for her spending, her business had failed and she was $105,665.31 in debt. Today, the...
Demand for apartments rises all over, despite economy
Vacancy rates are shrinking all over, in tight markets such as Minneapolis and loose ones like Phoenix.
It's an unusual situation. Job creation typically drives apartment demand. But this time the tenant top-up is largely...
Enchant your employees
If you can enchant your employees, they will work harder, longer, and smarter for you - and, ideally, you for them too. Here are the ten best ways to enchant your employees.
Provide a MAP....
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...
The end of white picket fences
Wanda Rapp doesn't own her home, and doesn't want to. Her job makes her painfully aware of why she doesn't. Rapp manages repossessed and foreclosed assets for a bank in Los Angeles. Assets. Not...
How did we get here?
The answer undoubtedly depends upon one's definition of the Dream, and there are many from which to choose. John Winthrop envisioned a religious paradise in a "City upon a Hill." Martin Luther King, Jr....
Land of the free. Home of the brave.
It then describes the qualifications to become a member of our nation's military elite: "a focused, agile mind, astute awareness, physical toughness. That's what it takes to be part of the Army Special Forces."
Within...
Asset swaps, sales and spruce-ups
UDR, Inc. and AvalonBay Communities recently completed a $500 million asset exchange that helps to realize the property allocation goals of both REITs. The transaction includes the swap of three AvalonBay apartment communities in...
Fannie Mae focuses on affordable housing
While there are 15.2 million occupied multifamily rentals in the U.S., Fannie Mae reports that market conditions suggests that number will not meet the growing demand. Industry experts attribute the growing need to the...
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...
Rental market requires new housing policy
Speaking to more than 300 of the nation's leading apartment executives, observers from both sides of the political spectrum expressed the need for ongoing federal intervention in the housing market. Industry experts examined how...
5 reasons you can’t concentrate
For adults who have attention deficit hyperactivity disorder (ADHD), chronic inattentiveness becomes debilitating.
"We see an influx of adults being diagnosed around age 38," says Timothy Wilens, MD, an associate professor of psychiatry at Harvard...
