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This week: unique projects with sweeping views and a dispatch from England on sweeping news.
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Even in the shadow of the Sears Tower—the tallest skyscraper in the United States—Chicago's Presidential Towers command an attention all their own. Built in 1986, the four 50-story towers sit on two city blocks in the West Loop and feature a five-story parking garage with 1,159 parking spaces, a...
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When Essex Property Trust, a Palo Alto, Calif.-based REIT, went public in 1994, it brought a distinct operating philosophy to the multifamily universe: to acquire, develop, and own apartment communities in high-barrier, supply-constricted markets. At the time, Avalon Properties (now AvalonBay...
If Field of Dreams was remade for today's audience, the protagonist wouldn't be urged to build a baseball diamond but rather a structure equally as precise—and just as irresistible to its fans: a shimmering tower of glass and steel, with 90-degree angles, clean lines, and expansive views.
Michael Sichenzia knows the tell-tale signs of mortgage fraud when he sees them.“Say you only make 50 grand a year,” the New York City native proposes in a rough-and-ready Brooklyn accent. “Well, what about your furniture and your jewelry? Let's list those as 75 grand in additional assets. Hey...
Fifield Cos.' K Station development in Chicago's West Loop brings new meaning to the term “transitoriented site.” The incredibly complex transportation hub, which served as the original railroad terminal in Chicago called Kinzie Station, includes a subway tunnel and an adjacent rail line. But...
On a cool, spring Chicago morning, Steven Fifield instinctively sits cross-legged and assumes a meditation pose on a grassy rooftop at Left Bank at K Station, his firm's newest high-rise apartment community. The impromptu gesture surprised the MFE photographer, but actually makes perfect sense to...
After cutting his chops on the Wave Tower and Pixel Tower, architect James Law is heading up his most ambitious Dubai project to date: the iPad Tower. The “cybertechtural” 26-floor apartment building for Omniyat Properties features 231 one-and two-bedroom apartments and lofts with windows wired for...
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Chicago's Cook County, which has been losing much needed affordable housing units since 1990, is on pace to lose another 78,000 units by 2020. A group of 100 civic, government, real estate, and business leaders wants to make sure that grim outlook doesn't become a reality.
Whether you run an apartment firm, develop condos, or manage apartments, it's impossible to ignore the latest for-sale housing foreclosure numbers. Florida alone reported 19,144 households in a state of foreclosure in February, up 63 percent from January, according to RealtyTrac. What's behind this...
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Furry Neighbors, Call for Entries!, High Marks, Adobe Acrobatics, Homeland Security, Zealous Offer, Executive Feedback
Apparently it is a small world, after all. Too small, that is, for the Walt Disney Co. and California multifamily developer SunCal Cos., which are at odds over SunCal's proposed construction of a 1,500-unit condo and apartment complex in Anaheim's tourist zone, a 2.2 square mile patch of the O.C...
Developing housing for residents stuck on the bottom rung of the homeless ladder is not easy. Single-room occupancy housing, commonly known as SRO housing, is riddled with financial, infrastructural, and operational challenges, but SRO developers across the country say it is a necessary headache to...
Reality Check?
After five years of condo craziness, reality has returned to South Florida. Just ask Harvey Hernandez. “We were living in a marketplace that wasn't real. It's not real to sell a 400-unit project in a weekend,” says Hernandez, president of H&H Development, based in Coral Gables, Fla. “I think we're...
Reality Check?
After five years of condo craziness, reality has returned to South Florida. Just ask Harvey Hernandez. “We were living in a marketplace that wasn't real. It's not real to sell a 400-unit project in a weekend,” says Hernandez, president of H&H Development, based in Coral Gables, Fla. “I think we're...
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After five years of condo craziness, reality has returned to South Florida. Just ask Harvey Hernandez. “We were living in a marketplace that wasn't real. It's not real to sell a 400-unit project in a weekend,” says Hernandez, president of H&H Development, based in Coral Gables, Fla. “I think we're...
More and more recent immigrants, first-time renters, recently widowed or divorced spouses, and others with little or no financial history are seeking housing. And with each skip and bad-debt eviction costing anywhere from $3,500 to $4,500, identifying who's worth the risk and who isn't has serious...
Money, money, money. For the past three years, the ever-growing flow of capital has been all the talk among apartment executives, investors, brokers, and industry-watchers. The conversation was no different at this year's MFE Leadership Summit, held March 15-17 in Vail, Colo.
There may be only two true certainties in life—death and taxes, of course—but according to Greg Vilkin, housing isn't far behind.