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First, there was Archstone-Smith, a REIT in Englewood, Colo. Then it was AvalonBay Communities, a REIT in Alexandria, Va., and Bozzuto and Associates, an apartment owner in Greenbelt, Md. But on April 27, the nonprofit Equal Rights Center (ERC) filed suit against its biggest apartment owner to...
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At a 2004 meeting, San Jose city officials and consulting attorneys were mulling how to pay for 13 planned developments that would provide 2,000 units of affordable housing. Then Julie Cooper, the city's deputy director of finance, posed a question: Why couldn't the San Jose Redevelopment Agency...
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As high-profile successes and failures have happened in America's urban affordable housing, much of the country's rural affordable housing developments have waged a quiet and frequently overlooked battle to survive with little federal help. Now, with an average age of 28 years old, many of the...
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If Curtis R. Kemeny has learned one thing in his years as a multifamily manager and developer, it's that first impressions matter. "When someone drives up to a piece of property, an essential set of visuals washes over them," says the president of Boston Residential Group, whose family has been...
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Becoming homeless just may be the best thing that ever happened to the 40-year-old Palo Alto Jewish Community Center. After losing its 20-year lease in 2000, the center's leaders gathered their resources and community support to put together a $200 million plan to build a 135,000-square-foot...
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When the Integral Group redeveloped Centennial Place, an aging public housing project in Atlanta, company leaders wanted to do more than just build new housing. They wanted to do something about the dreadful elementary school in the neighborhood, which was one of the worst-performing elementary...
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Chances are you've seen the ads touting architect Michael Graves' collection of household items at Target stores. Well, that's not the only surprising place you'll find this famous architect. Look for his name splashed throughout the marketing campaign for Maxwell Place on the Hudson, a luxury...
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It was a strange request for landowners of 42 acres in Palm Beach County, Fla.–the country's 10th-priciest housing market. The owners weren't interested in making money. Instead, they wanted to sell the land for cheap to two Florida developers: Coconut Grove-based Housing Trust Group and Boca...
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It's often said you learn your most valuable lessons from the most difficult times. That would be the case for Marshall Tycher, principal of Roseland Property Co. in Short Hills, N.J. As a regional partner for the Northeast Lincoln Property Co. in the early 1990s, he experienced the real estate...
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Boston, home to the Super Bowl and–finally!–World Series champions, is on the road to economic recovery, which means good news for its multifamily market. Business demand and production growth are benefiting local employment, with job growth expected to have increased by 2 percent by the end of the...