Globe Trekkers: US Firms Expand Overseas
Condos for Czech Republic workers. Luxury high-rises in Brazil. Former government-owned rentals in Germany. Massive new multifamily complexes in China. These are the surprising new targets of many U.S. multifamily firms. “Global real estate is a growth market,” says Gleb Nechayev, senior economist of the Boston-based research firm Torto Wheaton, a subsidiary of CB Richard Ellis. “In many areas, particularly emerging countries like India and China, local investors have little background in professionally-run apartment operations.” Read more
Leon N. Weiner & Assoc.
Q&A With Kevin Kelly, Co-Managing Partner, Leon N. Weiner & Assoc. Read more
Boston Residential Group
Q&A With Curtis Kemeny, President and CEO, Boston Residential Group Read more
MULTIFAMILY EXECUTIVE highlights 10 regional superstars and shows why these firms are among the best in their class. Read more
Keep Your Promises: Setting 2008 Goals
The skeptic in me does not find value in making New Year's resolutions?they're simply never kept. Every time I hear the promos for those 11 o'clock news segments describing the most popular resolutions (lose 15 pounds) or the strangest (spend the next year in silence), I take a deep sigh and change the channel. Read more
Is demographics really destiny? Absolutely ... in the apartment industry, at least. It's no secret that demographic trends are a key factor in shaping rental dynamics. Read more
The apartment market staged another strong performance during the third quarter, according to Marcus & Millichap's quarterly “Performance Monitor.” The weak housing market drove resident demand for apartments, off setting the largest quarterly delivery of new units in three years and resulting in declining vacancy for the third consecutive quarter. Read more
Executive Feedback: January
Q&A with Tal A. Savariego, Tom Bozzuto, Jack McCabe, and Cyndy Salgado Read more
Despite burning an estimated 2,100 homes off of the inventory overhang, the wildfires that torched six Southern California counties this past fall will have slight impact on market conditions there for either sellers or renters of residential properties, experts say. Read more
Think one company can't make a difference? GE Real Estate begs to differ. In November, the Norwalk, Conn.-based firm launched a major initiative to green its entire apartment and commercial property portfolio. Read more
Monthly News & Feedback Read more
Don't Ask, Don't Tell: Immigrants and Apartments
The Golden State is kicking off the new year with a bang. A new law, effective Jan. 1, prohibits cities and counties from enacting ordinances that require landlords to check the immigration or citizenship status of their residents, and likewise bans landlords from asking their residents' status. The ban is the first—and only—in the country to preclude anti-immigrant ordinances at the local level. Read more
Raleigh, N.C.
Life Is Good: Raleigh Multifamily Market
There's an old saying that people often don't know what they have until it's gone. Yet in Raleigh, N.C.'s multifamily market, owners and investors not only seem to know that life is good, they're setting their sights on more of the same. Read more
Space-Age Chic: Republic Tower
It was 1954, and Futurism was all the rage. Automobile designers rolled out streamlined cars with swooping tailfins and gleaming chrome; fashion designers paired astronaut-chic miniskirts with goggles; and famed architect Wallace K. Harrison designed the shimmering, aluminum-clad Republic Tower in downtown Dallas. Read more
At four communities managed by Milestone Management, a Dallas-based third-party manager, it was time for a change. TV programming at the 20-plus-year-old properties had been piped in by the regional cable provider for years, but residents were beginning to seek out more options. For Milestone's executives, one sign that told them they needed to examine alternate programming were the myriad pan-sized satellite TV dishes that began popping up on balconies and windowsills at the communities. “We knew right then that our residents wanted something different,” says Steve Lamberti, president at Milestone, which oversees 27,594 units throughout the South. “If you don't give it to them, they'll go to someone else.” Read more
Product Picks From the Editors of ebuild
Hands-free faucet, electronic snow- and ice-removal system, and natural paints and finishes. Read more
Encouraging Exercise: Fitness Equipment
Fitness equipment designers and manufacturers are focusing their efforts on both groups and creating fitness equipment that maximizes users' efforts and minimizes confusion, while making exercise fun, entertaining, and engaging. Read more
A prominent multifamily builder in the Northeast has followed in the footsteps of Read more
Multifamily sales volumes in 2008 will probably be around $35 billion, barely a third of the record highs of $90 billion reached in 2007. Read more
The U.S. Green Building Council has unveiled LEED 2009, an updated rating system for commercial buildings, which resets the bar for green building performance. Read more
For every billion dollars invested in new infrastructure products, personal earnings would increase by $1.1 billion, and national GDP would increase by $3.4 billion, according to national and state-by-state data released by the Arlington, Va.-based Associated General Contractors of America (AGC). Read more
Faced with a greater debt burden than its apartment REIT peers, Colonial Properties Trust, a Birmingham, Ala.-based REIT with 36,481 apartment units, announced major executive management changes this week that will bring the return of a familiar face to the CEO seat. Read more
As 2008 came to a close, a number of multifamily REITs made moves to fortify their balance sheets and portfolios for what promises to be a tumultuous 2009. Read more
Greystar Real Estate Partners has nabbed a spot as one of the country's largest property management firms after announcing this week that it has acquired the management division of Irving, Texas-based JPI. Read more
Gotham Organization
The following is a web-exclusive interview with Gotham Organization president David Picket, part of MULTIFAMILY EXECUTIVE's broader coverage of best-in-class regional firms. Read more
