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Has the bottom hit the South Florida condo market? It's hard to imagine how much lower things can go.
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New toilet standards ensure water savings does not come at the expense of a confident flush.
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Latte lovers, beware. After Starbucks closed 600 stores last July, mixed-use developers and owners began to eye their pro formas with uncertainty. Their conclusion? Thanks to today's flat-lining economy and shrinking commercial capital options, caffeine-addicts will have to search high and low to...
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TRAMMELL CROW RESIDENTIAL, the country's largest builder of multifamily properties, building 10,936 units in 2007, made its name in development. In fact, in 30 years, the Atlanta-based company has done very few acquisitions. But times are changing. “We're looking at acquisitions again,” says Ron...
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Whether it was proper planning or dumb luck, BRE Properties, a San Francisco-based REIT with 21,808 units, made some financial moves in 2007 that look pretty good in hindsight. It took down a few hundred million in debt at 5.5 percent interest and also restructured its $750 million line of credit...
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To sum up the multifamily construction and development climate in 2009, Chicago-based Fifield Cos. chairman and CEO Steve Fifield turns to The Bard. “It's exactly like that famous quote: ‘We run away today to flight again another day.'”
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Like nearly all business segments in 2009, multifamily marketing is going to be the victim of a volatile economy and a dearth of spendable dollars.
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When people lose their jobs, they look for any way to cut costs. Since rent often forms the biggest monthly expense for these individuals, that's where many start. “People are wanting to consolidate their residences, lower their overhead, and move in with someone else because they've lost their job...
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The headlines at the end of 2008 were scary. Citigroup shelved 50,000 jobs. The Big firee auto makers came to Capitol Hill begging for a saving grace. And economists speculated that unemployment could pass the 10 percent mark if the layoffs continue.
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Although all multifamily markets across the United States are contending with the pressures of a distressed economy, Orange County, Calif., remains on the investment radar thanks to its strong fundamentals and housing demand that's fueled by the desire of so many to live there. Together, these...