Tag: Article
On the scout for distressed property
Beginning in California in 1996 and recently expanding into the Southeast, Bascom established a track record of buying and repositioning distressed multifamily assets. Bascom Managing...
AVB added to S&P 500
The Alexandria, Va.-based apartment REIT will replace Symbol Technologies, Inc. (SBL:NYSE), a manufacturer of bar code and inventory scanning technology that was acquired by...
Archstone-Smith COO retires
Freeman is being replaced by Charles E. Mueller, Jr., who also joined Archstone-Smith 13 years ago and served for the past eight years as...
Pod vision
Within the Web 2.0 tool kit are dynamic website features. Web 2 differs from its predecessor in that, although still ill-defined by technologists, it...
Colonial Properties sells off 3,959 units in Southwest
"We recognized approximately a 77 percent return on investment during our ownership with DRA Advisors," said Paul Earle, executive VP of the company's multifamily...
CBRE multihousing sales top $772M in Florida
CBRE's sales accounted for 42 percent of the $1.85 billion total apartment sales in metro Orlando. In terms of total dollars, 2006 was the...
Mid-America wins first NMHC award
The new NMHC award, which honors apartment firms that have excelled in community service and philanthropic activities, includes a $10,000 donation to the winner's...
MH Industry must adjust to growing renter diversity
PHOENIX That's the advice given by Leanne Lachman, president of Lachman Associates, during the "Demographics of Rental Demand" presentation at the National Multi Housing...
Grubb & Ellis predicts soft landing in annual forecast
Construction remains in check and the economy grows enough to fuel continued business and global trade expansion. Stable interest and cap rates will keep...
Let’s make a deal
According to Real Capital Analytics, repositioning plays accounted for more than eight percent of all transactions nationally last year. Half-vacant assets, deferred maintenance and a...
A new altitude
"I think that characterization's a little bit dated," he told the analyst, pointing out that monthly rents for the company's apartments averaged nearly $900...
Head East, investor! Head East!
Over the past few years,investors from California have ramped up their out-of-state investments, favoring Phoenix, Dallas, Las Vegas, and now Atlanta. "Around 70 percent...
Shaq’s first round pick
The O'Neal Group, a real estate and development company, plans to acquire, develop and promote select projects across the nation. The firm's first project is...
Madhouse to green house
When the 500-unit Octagon Apartments finally came to market last spring, the timing was absolutely perfect and lease-up was achieved with astonishing velocity of...
Riding the global wave
Not likely in the short term, although one homegrown multifamily REIT already has a jump on the competition. Coca Cola and McDonalds are in China,...
