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The latest affordable senior apartment project from Los Angeles-based Meta Housing is the 81-unit Cantabria Senior Apartments in Panorama City, Calif. When the property opens in the spring of 2009, the developer's hope is that residents will want to
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Homeowners aren't the only ones facing a major housing crunch. Nationally, the number of working families paying more than half their income for rental housing (both multifamily and single-family) more than doubled from 1 million to 2.1 million between 1997 and 2005, according to
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One of the many tough issues facing policymakers these days is trade. Using the North American Free Trade Agreement (NAFTA) as a model, the White House has been pursuing free trade agreements with additional countries and regions. But opposition to such agreements, both inside Congress and outside...
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J. Frank Miller III, one of the multifamily industry's top executives, died unexpectedly last month due to heart disease at age 55. Miller had served as chairman and CEO of JPI Cos. since he founded the Dallas-based development firm in 1989. Under Miller's leadership, the company has become one of...
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It's good to be an apartment developer again. Rental builders across the country breathed a collective sigh of relief last year as the once red-hot condo market began to cool. They took advantage of the long-awaited marketplace shift and broke ground on a large number of rental units in 2006.
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People notice when J. Ronald Terwilliger, one of the best-known executives in the multifamily industry, champions a cause. So Terwilliger turned heads when he recently put his money where his mouth is: Instead of just talking about the serious need for workforce housing, he gave millions of his own...
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If you are in the apartment industry, chances are that, whatever your job, you saw less of a merit raise this year, according to the National Multi Housing Council's seventh annual National Apartment Survey of Compensation and Benefits Practices released earlier this fall.
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When Jefferson Parish finally allowed A. David Lynd to visit Laurel Gardens, his 60-unit property in Metairie, La., one week after Hurricane Katrina ravaged the Gulf Coast, he didn't know what to expect. He found rain-soaked units, debris on his grounds, sheetrock damage, and, perhaps most shocking...
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At 23, Lacy Lynch's career is already on the fast track: She's training manager for Sares-Regis Group's multifamily property management division, where she has worked for a year an a half. Her job, she says, allows her to express her individuality and creativity. It puts her on a career path that...
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The numbers are in–and nobody's walking away with big money. According to the results of the 2004 NMHC National Apartment Management Compensation and Benefits Practices Survey, apartment companies are continuing to cut costs in myriad ways, including slowing the pace of company-wide salary...