Latte lovers, beware. After Starbucks closed 600 stores last July, mixed-use developers and owners began to eye their pro formas with uncertainty. Their conclusion? Thanks to today's flat-lining economy and shrinking commercial capital options, caffeine-addicts will have to search high and low to...
Listen to PropertyBridge vice president Jason Gardner talk tech strategies for 2009, and you'd swear he was an apartment owner. “This is a critical time—whether you're a REIT or private company, everyone is feeling the pain,” Gardner says. “You need to ask your vendors specifically: How can your...
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What will employment look like in 2009? How will the downturn affect the apartment market? Our interview covers this and other economic issues.
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When will the recovery begin? What will it look like? How will the downturn affect the apartment market? Our interview covers this and other economic issues
THE U.S. Green Building Council's LEED for Neighborhood Development just closed its first public comment period. The National Association of Home Builders' National Green Building Standard is on the cusp of gaining final ANSI approval. There's also state programs such as California's GreenPoints...
TRAMMELL CROW RESIDENTIAL, the country's largest builder of multifamily properties, building 10,936 units in 2007, made its name in development. In fact, in 30 years, the Atlanta-based company has done very few acquisitions. But times are changing. “We're looking at acquisitions again,” says Ron...
Whether it was proper planning or dumb luck, BRE Properties, a San Francisco-based REIT with 21,808 units, made some financial moves in 2007 that look pretty good in hindsight. It took down a few hundred million in debt at 5.5 percent interest and also restructured its $750 million line of credit...
To sum up the multifamily construction and development climate in 2009, Chicago-based Fifield Cos. chairman and CEO Steve Fifield turns to The Bard. “It's exactly like that famous quote: ‘We run away today to flight again another day.'”
Like nearly all business segments in 2009, multifamily marketing is going to be the victim of a volatile economy and a dearth of spendable dollars.
What are your thoughts on the state of the economy in 2009? What does that mean for multifamily this coming year? Our interview covers this and other issues.
At a corporate brainstorming retreat held this past November, Greenwood Village, Colo.-based Laramar Group managers and executives went through a drill. They assumed that revenue in 2009 would be flat and were charged with cutting expenses to improve annual net operating income by 4 percent to 6...
When people lose their jobs, they look for any way to cut costs. Since rent often forms the biggest monthly expense for these individuals, that's where many start. “People are wanting to consolidate their residences, lower their overhead, and move in with someone else because they've lost their job...
The headlines at the end of 2008 were scary. Citigroup shelved 50,000 jobs. The Big firee auto makers came to Capitol Hill begging for a saving grace. And economists speculated that unemployment could pass the 10 percent mark if the layoffs continue.
Multifamily Executive identifies the key challenges and opportunities within each of the industry's core competencies that can pave the way to success in 2009 and beyond.