FEATURES

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    Risky Business

    Cost overruns. Construction defects. Con-versions gone bad. While there are tremendous profits to be made in the center ring of the condo circus, the dangers lurk everywhere.

     
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    New Dynamic

    Need to know how to price your apartments? Forget instinct. Think data.

     

FROM THE EDITOR

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    Corporate Decisions

    The photographs have been as haunting as the stories. For days, newspapers and cable television channels have covered little but the growing tragedy of Hurricane Katrina, which struck Florida, Alabama, Mississippi, and Louisiana in late August. The storm– and the resulting floods– destroyed...

     

CORNER OFFICE

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    Caught in a Conundrum

    It's become something of a running joke by now: Economic prognosticators keep forecasting higher interest rates, yet the market refuses to yield. Each time interest rates on 10-year Treasury notes go up, they come right back down again, postponing the correction that so many view as inevitable...

     

NEWS + NUMBERS

Direct Reports

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    Storm Central

    By now, everyone has seen the photographs and the television footage. People being airlifted from roofs as water encroaches upon the top story of their home. New Orleans residents leaving the Big Easy by foot with all of their belongings–or the ones they could grab–in knapsacks. Newly homeless...

     

Regional

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    Houston Transformed

    Evacuees from New Orleans and nearby Gulf Coast cities poured into Texas after Hurricane Katrina struck on Aug. 29. Houston, located 350 miles west of New Orleans, suddenly no longer ruled as the country's apartment vacancy king. The negative impact of three years of overbuilding was erased...

     

PEOPLE + PLACES

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    Nearing Completion

     
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    Up Close and Personal

    Nordstrom. Diners Club. The Ritz-Carlton. When you're paying top dollar, you expect excellent service–and these companies know how to deliver it. No wonder apartment executives such as Julie Smith, president of Bozzuto Management Co., and Todd Pope, president of Simpson Property Group, found the...

     

Apartment Life

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    Speedy Recovery

    Harbor Group International means business. The value-added real estate investor finalized its renovation plan for Lynnfield Place Apartments just 60 days after purchasing the property. "The sooner we put a plan in motion, the sooner we can see results that bear out on our investment objectives,"...

     
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    Spa Life

    Amid the whirring of treadmills and clanking of weight machines in the health club at The Metropolitan at Pentagon Row is a quiet room whose creamy beige walls, soft lighting, and flickering candles invite a single resident at a time to relax and forget the day's workout–and work.

     

Corporate Ladder

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    New Post

    To Curtis Walker, there's no better place to work than the multifamily industry. "We provide housing for all types of families, and along the way, we create jobs that range from landscaping to regional management," says the new Post Properties executive. "What could be more satisfying than creating...

     

SALES + SOLUTIONS

New Developments

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    From Steel to Stellar

    Throughout Pennsylvania, developer O'Neill Properties of King of Prussia, Pa., is taking the old and making it older. Case in point: Malvern, Pa., where an abandoned steel factory will become a 600-unit project called Worthington. It will include 500,000 square feet of retail and entertainment and...

     

Done Deal

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    New Venture

    When GE Commercial Real Estate and Greystar Real Estate Partners announced a new joint venture in June targeting $500 million in multifamily acquisitions and developments nationwide, it was the culmination of months of work for the two firms. Of course, the lawyers had worked hard to ensure the two...

     

Tech Specs

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    EZ Pay

    It's really quite simple: Come the first of the month, rent checks are slid under the building manager's door, then neatly entered into the books. Right? Yeah, maybe if it was still 1956.

     

PRODUCT STUDIO

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    More Than Hot Air

    Today's HVAC systems can do much more than maintain consistent temperatures. They can clean the air, generate electricity, and produce water, depending on the unit.

     

LANDMARKS

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    Pontalba Buildings

    For more than 150 years, the Pontalba Buildings have occupied the heart of the French Quarter on Jackson Square, intriguing passers-by and residents alike with their unique blend of Creole, Parisian, and Greek Revival architecture. The combination speaks to the melting-pot feel of New Orleans'...

     

MFE AWARDS

Executive of the Year

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    2005 Executive of the Year

    When the idealists of the '60s become business leaders, they often forget their roots. While Tom Bozzuto built a healthy, large firm that manages 14,000 apartments and owns 60 percent of those (with more than 4,000 in the pipeline), at heart, the young leader who wanted to go to Calcutta in 1968...