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It's not every day that a legislative change in a country on the other side of the globe has an impact on domestic real estate. But that's exactly what happened on May 18, 2006, when the government of South Korea raised the ceiling on investment in U.S. residential property from $300,000 to $1...
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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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At moda, a condo project under construction in downtown Seattle, 83 of the 251 units do not include parking spaces. But that didn't deter buyers: The project sold out in less than a week. Residents of moda do get something in lieu of a parking spot—a lower-priced unit, thanks to reduced...
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Developers are often quick to brag about their projects. But how can you can tell when they truly fall in love with a property? They move in. Just ask Curtis Kemeny, president and CEO of Boston Residential Group, who purchased a two-story penthouse unit at his latest creation: 360 Newbury Street...
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As anyone who's been to New England knows, Yankees see themselves as an independent-thinking bunch. After all, New Hampshire's state motto is "live free or die." At the same time, though, New England's multifamily markets do share a few characteristics. Infill is popular, and so are redevelopment...
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From the bright lights of Los Angeles to the bluegrass of Louisville, Ky., lofts have become the choice places to live. And many of the 2006 MFE award winners are at the center of this architectural action, capitalizing on renters' and buyers' desire for urban-style living even in the heartland...
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Imagine 2 million houses and apartments just disappearing from the American landscape. As dramatic as that sounds, that's exactly what happened between 1993 and 2003, according to the Joint Center for Housing Studies at Harvard University.
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The condominium market is cooling, and even a star as hot as actor George Clooney can't heat it up again.
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When United Dominion Realty Trust started automating the purchasing and invoicing for maintenance supplies in 2003, the Richmond, Va.-based REIT projected that it would save about $152,000 in the first year, after paying to deploy the technology. Even though it conducted a detailed ROI analysis...
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Whether it's GQ or Vogue magazine, the message is almost always the same: Accessories make the look. That's also a good way to see how decks, fencing, and railings function on a multifamily building. They're the accessories, the little extras that can take a project from good to great.