October 2007 Table of Contents

Growing Your Own Equity

As the availability of debt financing continues to tighten in the wake of the subprime mortgage industry meltdown, a greater degree of equity will be required to get multifamily deals done. Read more

Loft Living Comes to Blighted Buffalo

Buffalo, N.Y.—Rents start at $1,200 a month for the 32 new apartments at Webb Lofts, opening in October. Set in a 130-yearold restored belt factory with 11-foot ceilings, 10- foot-tall windows, and views of Lake Erie and the Niagara River, the Lofts offer stone floors in the kitchens and baths, and exposed brick walls. Read more

NO. 5 • NEW ORLEANS: Doing the Second-Line Boogie

New Orleans’ famous brass band-led jazz funerals were often followed by what was known as a “second line” of revelers who joined the procession to boogie to the music. Read more

Owners Get Mine; Tenants, Shaft

If Dr. Peter D. Linneman’s prediction from this magazine’s conference in 2006 is correct, the next recession is right around the corner. Read more

Guardian Says No Smoking Allowed

Guardian Management, a Portland, Ore.-based real estate investment and management firm, has adopted a no-smoking policy at about 8,000 market-rate and affordable housing units across the West. Read more

NO. 17 • BALTIMORE: Iron Market

The apartment market in Baltimore is turning out to be as consistent as “Iron Man” shortstop Cal Ripken Jr., who played a record 2,632 straight games for the city’s Orioles. Now that’s pretty consistent. But the city wasn’t always that way. Read more

NO. 3 • NEW YORK CITY: NYC LovesRentals

New York City— These days, building cranes are casting shadows over Harlem, the Far West Side, and the waterfront in Brooklyn— once-neglected neighborhoods that haven’t seen market-rate residential construction on any scale since before World War II. Read more

Should You Go Smoke-Free?

The city of Belmont, Calif., imposed a smoking ban at all rental properties in September. Oakland, Calif., is also considering a nosmoking policy. And a handful of multifamily owners and operators have already made the switch to smoke-free at their properties to protect their investments Read more

NO. 15 • SANTA FE: Magic Spell

Santa Fe, N.M., has long attracted those seeking breathtaking mountain vistas and a vibrant art scene Read more

The Whole Package

San Francisco—In a housing market staggered by the credit crisis, The Potrero condominium development has some heavy reinforcement on its side—the largest Whole Foods Market in the city. Read more

NO. 7 • ABILENE: Big Dreams in Big Country

One long-time local developer thinks the key to understanding development in Abilene is to think of the west Texas city as a smaller version of Dallas/Fort Worth. Read more

NO. 12 • RENO: Reno 4-1-1

A funny thing happened to the Reno apartment market on the way to the No. Read more

NO. 6 • BOULDER: Earth to Boulder, ComeIn

It’s an old joke in Colorado: Boulder is 16 square miles surrounded by reality. Read more

NO. 1 • SAN JOSE: The Wildest Ride

Entering the apartment market in San Jose, Calif., is a lot like being a kid waiting in line in high summer to ride the Indiana Jones Adventure at Disneyland for the first time. Read more

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