June 2003 Table of Contents

Starting from Scratch Starting from Scratch

It was not exactly how Randall Friend, Kyle Martin, and Kenneth Melton imagined they would be closing their first big real estate portfolio. The trio, who are partners in Eagle Real Estate Group in Anaheim, Calif., had just established their business plan and, almost immediately, made a successful offer for a $40 million portfolio made up of five apartment communities in Ontario, Calif. "It was kind of a spur of the moment thing," says Friend, a real estate lawyer who wanted to try his hand in multifamily housing. Read more

Market Smarts Market Smarts

At a time when occupancy has softened and rents have stagnated or dropped in most U.S. markets, apartment owners and managers are struggling to push every penny to the bottom line. Read more

Best in Class Best in Class

Bill Donges has always been good at the basics – management and organization – which has enabled him to take on new challenges. Throughout his career, he successfully ran chemical and manufacturing businesses, distribution centers, dot-coms, and software and electronic start-ups. Although Donges didn't have any real estate experience before joining the Lane Co. in April 2002, as its COO, he brings a very different viewpoint to the industry and a determination to be best in class. This is why George Lane, the company's founder and chairman, hired him. Read more

Close X