Advertisement

FEATURES

  • MFE081101050L1.jpg(90)

    Courting Single Women

    Apartment owners can no longer afford to overlook the Sex and the City generation of independent, wealthy single women. In fact, it's a demographic group more powerful and influential than many multifamily industry executives realize. Here's what you need to know about reaching single women.

     

FROM THE EDITOR

  • The Year of Change

    Come 2009, the country, the economy, and the multifamily industry will never again be the same.

     

NEWS + NUMBERS

Direct Reports

  • MFE081101016bL1.jpg(90)

    Pay Daze

    Multifamily employees get lower-than-budgeted salary increases in 2008.

     
  • Dry Powder

    As the economy sinks deeper into the abyss and REITs see stock prices fall, those who have access to capital are locking it up.

     
  • L.A. Story

    City of Angels undertakes ambitous program.

     
  • MFE081101014aL1.jpg(90)

    News Bites: November 2008

    The Tacoma Housing Authority is redeveloping a lumber sawmill site into a 110-unit community, which will be the organization's first modular housing project.

     
  • MFE081101013L1.jpg(90)

    Chicago Bears

     

Regional

  • MFE081101019L1.jpg(90)

    Southwest Gateway

    Ask any investor in San Antonio's apartment sector to describe the local market, and the first word you are likely to hear is “stable.” An economy anchored by the military, health care, and tourism—inherently steady drivers—helps shape this performance. 

     

PRODUCT STUDIO

LANDMARKS

  • MFE081101071L1.jpg(90)

    Landmarks: Bubeshko Terrace Apartments

    The Bubeshko Terrace Apartments designed by Rudolph (born Rudolf) M. Schindler in Silver Lake showed in 1938 that high design needn't be relegated to custom homes. 

     

MFE AWARDS

  • MFE081101048L1.jpg(90)

    Merit Awards

    Our 2008 Merit Awards highlight some of the best multifamily projects in high-rise, mid-rise, low-rise, senior, military, affordable, apartment renovation, adaptive reuse, land reuse, marketing, community service, and technology.

     
  • MFE081101025L1.jpg(90)

    2008 MFE Awards: Brave New World

    Welcome to uncharted territories. From Philadelphia's first residential high-rise in 20 years to a former insane asylum to a one-of-a-kind compensation program for leasing associates, the 2008 MFE Awards prove that, when it comes to the multifamily industry, no project, building, or program is...

     

High-Rise

  • MFE081101026L1.jpg(90)

    Symphony House

    Carl Dranoff's development mantra is transformation. “If the project is not transformative, we probably won't do it,” says the CEO of Philadelphia-based Dranoff Properties.

     

Mid-Rise

  • MFE081101027L1.jpg(90)

    Union Row

    The Washington, D.C., neighborhood where jazz greats Billie Holiday, Dizzy Gillespie, and Duke Ellington once performed is undergoing a dramatic revitalization.

     

Low-Rise

Senior

  • MFE081101030L1.jpg(90)

    The Conservatory at Alden Bridge

    While most seniors housing is sterile and institutional, The Conservatory at Alden Bridge, a 237-unit independent living community in The Woodlands, Texas, allows seniors to live in luxury.

     

Student

  • MFE081101029L1.jpg(90)

    Creekside of Auburn

    Since launching in 1990, Capstone Cos. has emerged as a leader in student housing, with developments on 60 campuses nationwide. Unfortunately, Capstone isn't alone—student housing competitors and market-rate apartment developers alike have latched onto the lucrative coed demographic.

     

Military

  • MFE081101032L1.jpg(90)

    Kalakaua Community

    Military community development is quite the undertaking. Start with a 10-year construction period incorporating 7,894 units, of which 5,388 involve the demolition of existing stock and construction of brand-new homes. 

     

Affordable

Mixed-Income

Apartment Renovation

Adaptive Reuse

  • MFE081101040L1.jpg(90)

    Avalon Danvers

    It was once called “the scariest building in North America.” Opened in 1878, the Danvers Lunatic Asylum in suburban Boston has long been one of the area's most prominent and recognizable landmarks.

     

Best Reuse of Land

Green

  • MFE081101044aL1.jpg(90)

    The Macallen Building

    Before The Macallen Building opened in July 2007, Boston residents who wanted to live the green life had few options.

     

Marketing and Advertising

  • MFE081101044bL1.jpg(90)

    “The West End is Again”

    On April 25, 1958, business owners and residents in Boston's West End neighborhood received eviction letters from the Boston Redevelopment Authority and watched as their entire community was razed to make way for apartment high-rises and office buildings.

     

Community Service

  • MFE081101046aL1.jpg(90)

    Hope for the Warriors Warrior House

    For wounded soldiers and their families, finding a place to spend time together is one of the most important parts of the healing process. That's where the Hope for the Warriors Warrior House program comes in.

     

Technology

  • MFE081101046bL1.jpg(90)

    Laramar Sales Compensation Program

    Multifamily leasing consultants—a job set barely breathing, right? Think again, says Greenwood Village, Colo.-based Laramar Group, which leapt this year into a leasing agent commission structure long sought but seldom achieved in the multifamily world.

     

ANNUAL LEADERSHIP ISSUE

From the Editor

  • The Art of the Apology

    What ever happened to the words "I'm sorry?" In recent weeks, as the real estate industry's top tier has lined up to offer their admissions of culpability in the current economic crisis, the country has been listening and waiting for an apology.

     

Up Front

  • Pocket Wars

    Blackberry or the iPhone? It's a tougher choice than you'd think.

     
  • p14a.jpg(90)

    Up Front: News Bites

    At Arizona State University, candi dates for the masters of real estate development program are now required to take the LEED ac creditation exam prior to graduating. 

     
  • Change Agent

    IDEO's Tom Kelley shares how to engineer innovation.

     
  • All Hands on Deck

    Mitigate turnover costs by keeping your best employees.

     
  • Strong Ties

    Relationship-building is the new must-have skill for execs.

     

View from the Top

  • Support Structure

    In an industry replete with Type A personalities, can humility provide access to a higher level of corporate leadership?

     
  • p19a.jpg(90)

    Walk the Talk

    Strong leaders can't afford to be inconsistent, particularly in today's uncertain times.

     

Features

  • Competitive Nature

    Out of the boardroom, executives take to sports.

     
  • Hanging Ten

    What surfing taught Scot Sellers about leadership.

     
  • p49a.jpg(90)

    Learning to Fly

    Top exec finds new private planes more cost-effective, better for the environment.

     
  • Workaholics Anonymous

    Retirement? What's that? Multifamily executives just can't leave the business.

     
  • p44a.jpg(90)

    Mind Power

    Multifamily psychologist and executive coach Ron "Dr. Ron" Beasley reveals the lack of archetypes behind industry leadership.

     
  • Change at the Top

    SO THE EXECUTIVE VICE PRESIDENT has left to start a solo venture, and you think you're a shoo-in for promotion. Your track record is exemplary; your institutional acumen is sharp; and your knowledge of projects under construction, under management, and in the pipeline is second to none. Then why...

     
  • Back to School

    MBA programs are opting for core skills training, on-the-job experience, and entrepreneurial-focused curricula.

     
  • Climb Every Mountain

    A greenhorn president puts his multifamily real estate team to the test.

     
  • Kindred Spirits

    Starting at the bottom can provide a better perspective from the top.

     
  • Steps to Success

    Successful managers leverage training, education, and empowerment— matched with accountability—to unlock the leadership potential within their staffs.

     
  • p36a.jpg(90)

    Inspiration Isn't Everything

    A Gallup poll reveals that Americans prefer a tested leader to an inspiring one.

     
  • Fighting Back

    A cancer survivor shares lessons from the heart.

     
  • p34a.jpg(90)

    A True Hero

    The Virginia Tech professor who died saving his students is named "Most Inspiring Person of the Year."

     
  • p31a.jpg(90)

    Natural Born Leaders

    In need of inspiration? Turn to celebrated icons such as former President Ronald Reagan and cycling phenom Lance Armstrong for wisdom and encouragement to get you through a challenging day.

     
  • p28a.jpg(90)

    Idea Factory

    When times are tough, employees turn to their managers for advice, guidance, and fresh, new strategies. Here, five industry leaders share their latest breakthroughs in four categories. These ideas can help you improve communication, inspire by example, and hone in on new strategies across a variety...

     
  • p26a.jpg(90)

    On the Record

    Mitchell Kiffe, multifamily vice president of production and sales at Freddie Mac, answers questions about the industry and the organization's role in the future.

     
  • Back to the Future

    Five lessons learned from the '90s.

     
  • Staying Ahead

    Determining the right strategic course of action for your company will take more than luck.

     

From the Editor

  • The Art of the Apology

    What ever happened to the words "I'm sorry?" In recent weeks, as the real estate industry's top tier has lined up to offer their admissions of culpability in the current economic crisis, the country has been listening and waiting for an apology.

     

OTHER ARTICLES

  • Wood GEM

    Marietta, Ga.-based Wood Partners' Green Evaluation Model (GEM) is a Microsoft Excel spreadsheet developed to assist preconstruction managers, developers, and estimators in the process of designing multifamily communities to green building standards.

     
  • MyRentComps.com

    After heavy demand, Orlando, Fla.-based broker Smith Equities Real Estate Investment Advisors took its popular email rental survey online, offering property managers across the country the opportunity to gather rent comps for the state of Florida with the click of a mouse.

     
  • Simpson's "You Make the Difference" 2008

    Denver-based Simpson Housing's "You Make the Difference" campaign was a massive corporate effort that coordinated 40 charitable projects involving more than 600 employees and a total of 5,000 volunteer hours.

     
  • Windsor Court Apartment Homes

    Like many first-time teachers working in or near major metro areas, Jessica Abel was having problems finding an affordable place to live. While surfing the Internet, she found Windsor Court Apartment Homes in Denver.

     
  • Blue

     
  • Eagle Place Townhomes

    Designed by George Watt Architecture, built by Shaw Construction, and managed by Riverstone Residential Group, the 60-unit Eagle Place affordable housing community in Lafayette, Colo., exceeds Colorado Built Green energy standards by more than 250 percent and uses 50 percent less energy than...

     
  • Blue

     
  • Parkside Commons Apartments

    It was the town dump, and now it's the crown jewel. Braintree, Mass.-based developer John M. Corcoran and Co. (JMC) successfully turned a contaminated brownfield site into a LEED-certified, 100 percent smoke-free apartment community boasting 238 units with rents ranging from $1,150 to $2,570 per...

     
  • Almaden Apartments

     
  • Alpha Mill Apartments

    Charlotte, N.C., is known as a banking center. But long before its financial pillars, it was a textile town. And one of those first textile mills was Alpha Mill, built in 1888.

     
  • Naval Square

    A former U.S. Naval Asylum built in 1827 by William Strickland, named an historical landmark in 1971, but unused since 1976 has found new life as market-rate condos just outside of downtown Philadelphia.

     
  • Altamira Place

    The Lakeside North apartment community in Altamonte Springs, Fla., lacked a signature design. So when UDR, a REIT based in Richmond, Va., took over the property, it wanted to change the status quo.

     
  • San Juan Homes

    The San Juan Homes revitalization certainly has a lot riding on its success. The San Antonio Housing Authority thinks the revitalization of the project is the catalyst to creating Class A affordable housing near the West side of San Antonio. 

     
  • Columbia Mechanicsville

     
  • Almaden Apartments

    The dirt under Almaden Apartments had been a lot of different things in past lives, a winery, a car wash, heavy equipment wrecking and storage facilities, and a bingo parlor. But it would be hard to argue that there isn't a greater community need that the 226-unit property fills today.

     
  • Laurels of Junaluska

    Even rural areas need affordable housing. The Southeastern Methodist Association for Rehabilitation knew this because many of its members were at a time in their life where they needed to retire but had limited income. 

     
  • Miramar 77

    They came, they saw, they kicked some ass. Clark Realty's demolition and redevelopment of 77 outdated, ill-equipped military housing units at Miramar Marine Corps Air Station in San Diego has resulted in a luxurious community that would make Maverick and the Iceman smile.

     
  • Erickson at Wind Crest

    There are definitely worse places to spend your golden years. Wind Crest in Highlands Ranch, Colo., is located southwest of downtown Denver on a steep, sloping hill. 

     
  • Prosperity Creek Senior Apartments

    Homeless elderly were taken directly off the street and given a home at Prosperity Creek Senior Apartments, a 168-unit senior project in Charlotte, N.C., built by Wood Partners and managed by Riverstone Residential Group.

     
  • Gateway Apartments

    Dirty, environmentally contaminated sites don't usually appeal to Long Beach, Calif.-based Mac-Farlane Costa Housing Partners, but the 0.8-acre site in San Diego's Barrio Logan neighborhood offered too great of an opportunity to ignore. 

     
  • New York Hatters

    Proving that you even the smallest of projects can exceed expectations, Wilmington, N.C.-based Plantation Building Corp. has executed on a 1920s era design for a 21st century condo low-rise.

     
  • Bristol II

     
  • Domus

    Public art, reuse of land, public private partnerships, and mixed-use all come together at Philadelphia's eight-story Domus, a luxury apartment building designed by Design Collective and developed by the Hanover Co.

     
  • Io Piazza

    Shirlington Village in Arlington, Va., is undergoing a transformation, shifting from rows of parking spaces to higher-density development.

     
  • Aqua

    Atlanta-based Tivoli Properties put the Aqua high-rise in the heart of the city's action?Midtown. But that proximity also left the architectural firm, Smallwood, Reynolds, Stewart, Stewart & Associates in Atlanta, with major challenges.

     
  • Bad Rap

    During a session on the future of multifamily technology, panelists were discussing the rising trend of user-generated content about apartment communities popping up on the Web.

     
  • Tarragon Reorganizes Its Debt

    A week before posting third-quarter results showing a loss of $58.4 million through continuing operations, troubled Tarragon Corp., a New York-based multifamily builder and owner, announced that it is restructuring its debt.

     
  • Sterling America, Waterton Associates Raise Equity for Distressed Acquisitions

    Multifamily firms Sterling America and Waterton Associates have joined other real estate owners in amassing cash to take advantage of opportunistic buys in the coming months.

     
  • 1112W_BartHarvey.jpg(90)

    ULI Honors Enterprise, Bart Harvey as Visionaries in Urban Development

    Enterprise and Bart Harvey, former chairman and CEO of Enterprise Community Investment, shared the Urban Land Institute's 2008 J.C. Nichols Prize for visionaries in urban development.

     
  • QAQ110608obama01.jpg(90)

    Quick & Quirky: November 6, 2008

    MULTIFAMILY EXECUTIVE Senior Editor Chris Wood rounds up interesting and intriguing news tidbits. This week: renters vote in President-Elect Barack Obama, Syracuse dollar sales, and Allentown's hall of shame.

     
  • Industry Expects Obama to Focus on Affordable Housing Issues

    President-elect Barack Obama has campaigned tirelessly during the past two years, visiting as many as five states in a single day. But fighting for the presidency is nothing compared to what lies ahead: Enacting the change he has promised during countless debates, interviews, and rallies across the...

     
  • The-Boulevard-in-Anaheim.jpg(90)

    ULI Honors Three Workforce Housing Developments

    The winners of the first annual ULI J. Ronald Terwilliger Workforce Housing Models of Excellence are: The Boulevard in Anaheim in California, developed by John Laing Homes; Legacy at Lincoln Park in Rockville, Md., developed by Urban Atlantic Development; and Morgan Woods in Edgartown, Mass....

     
  • Pinnacle Recruits Multifamily Tech Dream Team

    Pinnacle, an American Services Management Co. and one of the country's largest managers of apartment units, has announced a vast restructuring of its information technology services department aimed at achieving scalable systems and infrastructure and providing best-in-breed services as the company...

     
  • MetLife, MDM Secure $250 Million Construction Loan

    Joint venture partners Miami-based MDM Development Group and MetLife Insurance Co. put a big dent in the debt market crisis late last month, securing a $250 million construction loan for a multi-phase, $1.5 billion mixed-use development?Miami Metropolitan?in downtown Miami.

     
  • Report Says Multifamily Developers Overpay in Fees

    In Volusia County, Fla., a developer of a 500-square-foot studio apartment pays the same in school impact fees as the developer of a 5,000-square-foot unit. Hardly seems fair, does it?

     
 
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
 
Advertisement