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If a penny saved is a penny earned, then Berkshire Property Advisors has earned many pennies indeed. At every stage of a property investment and every level of the company, Berkshire searches for the “alpha,” the seemingly small factors in acquisitions, renovations, and management that add up to...
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Former Hollywood resident Darin Beebower remembers when Tinseltown wasn't on the A-list. "When I'd get home from work, guys would be asking me if I wanted to buy drugs," recalls the multifamily division director for Los Angeles-based Madison Partners, a full-service commercial brokerage. "You were...
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Managing multifamily renovation projects is like trying to rub your head and chew gum at the same time. Apartment owners and managers not only have to handle construction and renovation work and keep things on schedule; they also have to juggle residents while they're at it.
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Renovations today are no longer just about updating tired, frayed apartment units with new carpet and a coat of white paint. From the adaptive reuse of shuttered hotels and functionally obsolete office buildings to condo conversions of both older and newer apartment stock, developers are doing...
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Paul Daneshrad could hear the excitement in his friend's voice. His friend, a physician and investor, was calling to tell Daneshrad about the new, tumbled-marble bathrooms he was installing at one of his properties. When the subject of cost came up, the doctor said the improvements were running him...
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When GE Commercial Real Estate and Greystar Real Estate Partners announced a new joint venture in June targeting $500 million in multifamily acquisitions and developments nationwide, it was the culmination of months of work for the two firms. Of course, the lawyers had worked hard to ensure the two...
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Going to the principal's office in Atlanta's Bass High School isn't what it used to be. In the same place where students would sit in anticipation and dread, a lucky renter now enjoys a one-of-a-kind Bass Lofts apartment suite, complete with the original bank vault that once held valuables for the...
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Seven months after the building opened in February 2003, the Summit Roosevelt was fully leased at market rents in what the owners call "a competitive rental market." Much of the credit goes to the building's excellent location near Washington's Dupont Circle neighborhood and Meridian Hill Park, but...
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Historic Ballston Park at Buckingham
Built in the 1930s during the last years of the Great Depression, these charming garden apartments were originally intended to house the federal workers whose numbers were expanding due to the implementation of FDR's New Deal. At the time, Arlington was renowned for being on the cutting edge in...
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It's a scenario that's not difficult to picture. A Washington police officer – a single mother who is responsible for keeping the nation's capital safe in this era of heightened security – cannot afford to live anywhere close to her precinct. Because many two-bedroom apartments in the close-in...