Providing affordable housing has always been a daunting task for owners and developers who have taken on this challenge. The financing process alone has often been referred to as "brain damage" because of all of the complex paper work. Many for-profit developers have avoided affordable housing...
Washington, D.C., Mayor Anthony Williams has been a "breath of fresh air" in bringing new housing to the city, despite some political missteps along his way, says Robert J. Reid, executive director of the National Housing Conference (NHC). Housing is not only on Williams' agenda, but "he's talking...
Student housing – whether you're talking on- or off-campus – has changed from the days of the double loaded corridor with two students per room and a community bathroom. The traditional dorms that were built in the '50s and '60s are outdated, and universities and students are looking for...
Every company likes to think that it's different from its competitors, that its processes and management techniques, as well as its luxury properties, set the organization apart. But, the desire to be different at Gables Residential really flows from the top. Chairman and CEO Chris Wheeler is not a...
Gerald Ogier has found that in every business cycle there is a development cycle, and within that there is a boom and bust period in which companies stop and start building new product.
Like many New York City developers, K. Thomas Elghanayan, president of Rockrose Development Corp., didn't realize the magnitude of the destruction caused by the attacks of Sept. 11th until he went downtown and saw it for himself.
When the Wallick Cos. began, it was primarily a general contractor with the bulk of its work being deals with some of the lenders that it helped bail out. It now manages more than 130 multifamily communities with 11,500 units. The Wallick Cos., based in Columbus, Ohio, consists of Wallick...
Successful real estate executives will tell you that a major factor in their success is the relationships that they have formed. But Tom Bozzuto, president and CEO of The Bozzuto Group, takes his business relationships to a higher level.