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Pacific

California home construction reaches all-time low in 2011
Jan. 26--Responding to falling prices and stiff competition from foreclosures, home building activity in 2011 dropped to an all-time low in Inland Southern California, according to a report released Wednesday by the California Building Industry Association.
PRG Buys $36.4-Million Canyon Creek Apartments in Riverside, Calif.
Phoenix Realty Group (PRG) has added a 12th apartment community to its Southern California portfolio with the acquisition of the $36.4-million Canyon Creek Apartments in Riverside, Calif. The transaction closed in late November 2011.
Seattle Sits Pretty
Nicknamed the Emerald City for its lush evergreen forests, Seattle has evolved into a jewel of a multifamily market, as well.

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Mountain

Comeback Cities
Las Vegas, Phoenix, and Miami have been lumped together as the poster children for distress, but each metro is climbing back up in its own way.
Analysts Supportive of Equity's Recent Move in Archstone Sale
Last week’s announcement by Chicago-based Equity Residential (EQR) that it entered into an agreement to spend $1.325 billion in cash for a 26.5 percent ownership interest in Denver-based Archstone, which owns 48,922 units and has 1,332 units under construction, took some people by surprise.
Archstone Sale Watch
Multifamily Executive is keeping close tabs on the potential sale of Archstone, as Lehman Bros., Bank of America, and Barclay’s try to navigate the right disposition strategy for the portfolio that was taken private for $22 billion in 2007. Check out our coverage, along with breaking news from...

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Plains

In Cities, Purchasing Multifamily Pays Over Renting
Trulia's index shows buying an attached home is a better deal than renting in most U.S. cities.
Hottest Multifamily Markets for 2011
These markets are likely to see the biggest increases in multifamily construction in 2011, based on 2010 permit data.
Healthiest Housing Markets for 2011
The Builder Market Health Index points to much better prospects for 2011.

All articles in Plains

Great Lakes

Chicago Skyscraper Ads Stir Controversy
Jan. 19--With its curving green glass wall echoing a bend in the Chicago River, 333 W. Wacker Drive is one of Chicago's most beloved skyscrapers, a renowned example of architecture that simultaneously draws inspiration from its surroundings and upgrades them.
Focus on Energy Launches New Residential Energy Programs
A summary of new programs offered in 2012 include:
Analysts Supportive of Equity's Recent Move in Archstone Sale
Last week’s announcement by Chicago-based Equity Residential (EQR) that it entered into an agreement to spend $1.325 billion in cash for a 26.5 percent ownership interest in Denver-based Archstone, which owns 48,922 units and has 1,332 units under construction, took some people by surprise.

All articles in Great Lakes

West South Central

MetLife Acquires Luxury Apartment Tower in Chicago
MetLife, Inc. (NYSE: MET) announced today that it has, through a subsidiary, purchased EnV, a luxury multifamily property located in Chicago's River North neighborhood.
Non-Refundable Deposits on the Rise
Non-refundable, non-due diligence deposits are a buyer-driven phenomenon, and typically signify froth in competitive markets.

All articles in West South Central

East South Central

Thousands on waiting lists for low-income housing in Chattanooga
Jan. 23--Loretta Tate is a 30-year-old mother of two, and she has no home.
Chattanooga Ranks No. 3 in Apartment Cost Growth
Jan. 19--Chattanooga ranked with big metro areas such as San Francisco, San Jose and New York in apartment rent increases in 2011, pointing to signs of a rising local economy, officials said.

All articles in East South Central

New England

Hottest Multifamily Markets for 2011
These markets are likely to see the biggest increases in multifamily construction in 2011, based on 2010 permit data.
Healthiest Housing Markets for 2011
The Builder Market Health Index points to much better prospects for 2011.
Cool Houses That Challenge the Status Quo
Four unconventional homes offer elements of the unexpected.

All articles in New England

Mid-Atlantic

Good, or at least non-bad, signs on the housing market
Jan. 24--David H. Stevens, president of the Mortgage Bankers Association, recently paraphrased Thomas Jefferson in assessing the housing market: It's "swimming with the current rather than standing like a rock," and what is needed now is "rock-like certainty."
Apartment Buildings Sell Big in The Big Apple
INVESTMENT brokers had a booming year of apartment building sales in 2011 and expect the trend to continue as market and stabilized rents continue to rise.

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South Atlantic

Iconic Bank Building to Become Apartments
Jan. 24--One of Richmond's first skyscrapers is being converted into apartments.
Orlando: Not the renters' market it used to be
Jan. 09--One group that has not benefited from Orlando's precipitous drop in housing prices is renters.

All articles in South Atlantic

Local Markets

Chattanooga Ranks No. 3 in Apartment Cost Growth

Jan. 19--Chattanooga ranked with big metro areas such as San Francisco, San Jose and New York in apartment rent increases in 2011, pointing to signs of a rising local economy, officials said.
Military, Mayhem Fuel El Paso’s Starts

In his recent webinar, Mark Humphreys, CEO of Dallas-based Humphreys and Partners Architects, talked about a demand explosion in El Paso, Texas, fueled by a couple of demographic factors unique to that border. In fact, Humphreys himself is working on two deals in the town.
Comeback Cities

Las Vegas, Phoenix, and Miami have been lumped together as the poster children for distress, but each metro is climbing back up in its own way.
Seattle Sits Pretty

Nicknamed the Emerald City for its lush evergreen forests, Seattle has evolved into a jewel of a multifamily market, as well.
Charm City Giants: Q&A With Bozzuto Development President Toby Bozzuto

Bozzuto development president Toby Bozzuto checks in with Multifamily Executive to talk about $200 million in new D.C. and Baltimore developments.

All articles in Local Markets

Multifamily Starts

Multifamily Developers See Competition Stiffen

Multifamily Developers See Competition Stiffen
Top Multifamily Builders Re-emerge in 2010

After not starting a single unit in 2009, major builders jumped back into construction mode last year.
Top Builders Disappear

It’s not a mistake: The multifamily development sector’s longtime major players didn’t make the 2010 rankings.
Multifamily Starts: Pogo-Sticking into Nothingness

The Washington, D.C.-based National Association of Home Builders (NAHB) reported data from its multifamily market indexes last week in...
Multifamily Starts Pull Down April Figures

Housing starts fell in April to 458,000, 12.8% below March’s estimated 525,000 starts and 54.2% off the April 2008 pace. This time, it was...

All articles in Multifamily Starts

Research

Renting Gaining in Popularity on Homeownership

New multifamily industry data show that consumers are rethinking the prospect of owning a home in favor of renting.
Tidewater Virginia: Old Dominion University and Hampton University

The Unit 6 house is intended for Virginia’s more temperate climate.
CFO Strategies Survey Benchmarks Multifamily Industry's Optimism

Multifamily finance professionals are growing increasingly optimistic, budgeting for continued growth in 2012, according to a recent survey...
Feedback Frenzy

Apartment firms try to strike a balance between collecting vital information and overloading residents with surveys.
Corporate Ladder: Dr. Sam Chandan’s New Venture

Dr. Sam Chandan is embarking on a quest to reach the housing sector with up-to-date, refined analysis of the real estate market.

All articles in Research

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