• New HUD secretary is a multihousing guy

    • 2009-01-01

    Since 2004, Commissioner Donovan has headed New York's Department of Housing Preservation and Development. During the Clinton Administration he served as Under Secretary of HUD for Multifamily Housing and also served as the Acting Commission of the Federal Housing Administration. Prior to his government service Donovan was with Community Housing an


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  • Get your Sully on

    • 2009-01-01
    • Linda Hoffman

    My homeboy, the ever-modest, most brave Sully Sullenberger, was welcomed back to Danville last Saturday. It was a real hero's welcome as a crowd of 3,000 stood on a brisk Northern California day out in front of the town library we built a few years back.

    Some were there to catch a glimpse of the unassuming captain, who so deftly belly-landed a di


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  • Where now?

    • 2009-01-01
    • knowledge@wharton.edu

    That was the consensus among the global real estate developers, investors, finance specialists and executives who spoke at the recent Emerging Markets Forum at Wharton. With the economy in a tailspin and demand drying up in the U.S. and Western Europe, it's not surprising that real estate investors are more attracted to emerging markets than ever b


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  • The axeman cometh

    • 2009-01-01

    Nobody likes drastic change when it comes to their careers. Americans, on average, spend 70 percent of their waking hours, Monday through Friday, on work-related activities. That being said, to change your job is a lifestyle change. As Americans, we make our careers a part of our lives. For some, a job is a status symbol and distinguishes oneself i


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  • Battening down the NOI hatches

    • 2009-01-01
    • Wendy Broffman

    Utility costs can take a big bite out of an apartment owner's bottom line and make up one of a property's largest expenses. In challenging economic times like these, when owners explore every avenue in the struggle to remain competitive without increasing vacancies, savvy multifamily owners realize that passing on utility costs to residents is key


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  • For the people

    • 2009-01-01
    • Peggy Shaw

    While many people these days, especially those who focus on recent influence-peddling scandals, may think lobbyists spend their days playing golf or drinking or throwing bags of cash at members of Congress, they are wrong. Ethical lobbyists, like those who represent the Washington, D.C.-based National Association of Home Builders' interests on Capi


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  • Land infill

    • 2009-01-01

    The company's vision for the traditional mixed-use project, where the 112-unit rental component broke ground last fall, is eventually to produce all the energy the residential, office and retail users at Stafford Park need onsite.

    Making use of both solar and wind power, with the possibility of geothermal energy generation somewhere down the road


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  • Welcome to the O'Pillars

    • 2009-01-01
    • Peggy Shaw

    Environmentally conscious builders dominate the finalist roster for the Pillars awards that many consider the multifamily industry's version of the Oscars. The judges favored transit-oriented, densely packaged communities that transformed underused, blighted urban sites into lively neighborhoods. And vibrant color is back again this year, used to d


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  • MNHC's glass more than half full

    • 2009-01-01

    It's not because he is a glass-half-full kind of a guy or someone who always looks for the silver lining. It's because analysis from Washington, D.C.-based NMHC, a national association representing the interests of the larger and most prominent apartment firms in the U.S., points to strong long-term prospects for the apartment sector, despite today


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  • True grit

    • 2009-01-01
    • Wendy Broffman

    The Philadelphia-based developer has one project underway and several more deep in the planning stages, ranging from new construction high-rises in Downtown Newark, N.J., to a $180 million transit-oriented, mixed-use development in the inner-ring Philadelphia suburb of Ardmore.

    A year after delivering two successful urban projects, one rental and


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  • New law bans all smoking in apartments

    • 2009-01-01

    These days, residents like Ray Goodrich breathe easier in their apartments. The 84-year-old has a pulmonary disease and is stricken with allergies.

    He was so persistent in his efforts to stamp out second-hand smoke that he managed to get officials to enforce one of the country's strictest anti-smoking laws in his city of Belmont, California.

    Re


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  • The Closer

    • 2009-01-01

    Although multifamily housing finance is not the source of the current credit crisis, it has been disrupted by it. Even though multifamily rental loan performance has held up well, many private sources of multifamily finance have exited the market. Fannie Mae and Freddie Mac, and to a lesser degree the Federal Housing Administration (FHA), have step


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