Rentals to the rescue
The shift away from ownership housing is being repeated across the country, said Douglas M. Bibby, president of the National Multi Housing Council. "In 2008 everything started falling apart," he said. "In the two previous...
Taking work home
In April, local developer Millcraft Industries of Washington, Pa., will begin renting units in a 16-story former state office building that is undergoing a $45 million conversion. When completed in September, the 218 apartments in...
A-list rents
Let's admit it. One of the guilty—though largely unspoken—pleasures of living in NYC is going about our daily business in close proximity to some of the world's most famous personalities. Of course, New Yorkers are...
Engineering brilliance
Ten23 owners told the architects they wanted apartments that were filled with natural daylight, and common terraces filled with trees and lawns, to create homes that reflects the harmony of the countryside with the...
Tenants trying again to buy Stuyvesant Town and Peter Cooper Village
The tenant association hopes to convert the adjacent complexes, with 11,232 apartments, into a condominium or cooperative under a plan in which residents could buy their apartments or remain as rent-regulated tenants. In what...
The Boston Market
That sale heralded a new vibrancy in the apartment transaction world in Massachusetts that saw only seven apartment communities worth more than $10 million change hands in all of 2009, tying with 2001 for...
Multihousing ka-boom
Buzz on the deal abounds. Richard LeFrak, whose family built LeFrak City, a 5,000-unit affordable housing complex in Queens, has already expressed interest in managing the properties. Tishman and its partner BlackRock Realty—which defaulted on...
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...
Taking Back the City
"I want to be a part of the greatest urban story America has to tell and I think it's going to happen in Newark,' he said in June. Amidst vows to cure Newark's daunting...
What’s on his Mind?
Apartment Professional catches up with Donald Trump: AP: Why real estate? TRUMP: My father was a developer and I learned to love the business by being around it as a child. Going to construction sites always...
