FEATURES

  • Room for Rent

    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...

     
  • 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...

     

Cover Story

  • Golden Warriors

    Looking for a company that can handle a tough job? The John Stewart Co. never turns down a challenge. In August 2005, the affordable housing firm signed on to redevelop a dilapidated San Francisco public housing project despite a major roadblock: a missing check from the federal government in the...

     

FROM THE EDITOR

  • Power Shift

    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.

     

NEWS + NUMBERS

Stat of the Month

Direct Reports

  • Resident Acquisition

    Residents who skip payments, write bad checks, leave significant damage, and commit other infractions cost multifamily companies nearly $5 billion a year.

     
  • Cool Colors

     
  • Sight Line

    A picture is worth a thousand words—or better yet, a thousand dollars. To help buyers visualize the sweeping views from their future condos, the Atlanta-based Novare Group photographs the views from various building heights and showcases these images throughout sales centers, model units, project...

     
  • Direct Reports

    Ron Terwilliger funds a cause, plus other industry news

     
  • Call to Action

    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...

     

Regional

  • Reinventing Denver

    Denver's multifamily housing market missed out on the boom times seen recently in much of the West. But no other city seems to reinvent itself every few years quite the way that Denver does, and big municipal investments focusing on infrastructure and economic development groundwork appear to have...

     

PEOPLE + PLACES

Apartment Life

  • Risky Business

    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...

     

Corporate Ladder

SALES + SOLUTIONS

New Developments

  • Mall Makeover

    Building multifamily residences above shops and businesses has been known to revitalize downtown areas, so Chicago-based developer General Growth Properties is trying a suburban version in Natick, Mass.

     
  • Botanica on the Green

    Botanica on the Green has established quite a reputation for its untraditional approach to multifamily residential living. The 232-unit apartment project nestled in Denver is being hailed as a “New Urbanist fantasy” and an “outdoor oasis in the city.”

     

Done Deal

  • Mercury Rising

    It's not every day that a legislative change in a country on the other side of the globe has an impact on domestic real estate. But that's exactly what happened on May 18, 2006, when the government of South Korea raised the ceiling on investment in U.S. residential property from $300,000 to $1...

     

Tech Specs

  • Automation Nation

    A few years ago, multifamily executives wondered how long it would take for online leasing to catch on. Now that it has, some apartment firms are ready to take the next step: eliminating the paper lease. That would mean that even when customers come into the leasing office, they wouldn't have to...

     

PRODUCT STUDIO

  • Star Treatment

    Trying to decide whether it's worth using energy-efficient appliances at your community? Consider this: If every household in the United States used a Whirlpool-brand Duet or Ensemble washing machine, the country would save approximately 1.4 trillion gallons of water per year, according to...

     

LANDMARKS

  • Sharples Works Apartments

    During the 1890s, the Sharples Separator Works was the cool place to work. The sprawling five-acre facility—located in West Chester, Pa., about 30 miles west of Philadelphia—was the home of the dairy industry's first tubular cream separator. The production plant churned out a good amount of cream...