Archive for May 2008
The Effect of Engaged Workforce on Leasing Process
By Michelle A. Marten, Project Manager, Kingsley AssociatesDo satisfied employees align themselves with company goals, take ownership of their work, and deliver a high level of service? On the surface, the answer would appear to be an obvious “yes.” In reality, however, just knowing how satisfied employees are does not provide the most accurate representation…
Read MoreFive-Star Condo, Hotel Development to Open in Dominican Republic in 2010
By Rachel Block, ReporterSamana Bay, DOMINICAN REPUBLIC– Angsana Samana, a five-star condo and hotel development is on its way at Samana Bay, located in the northeastern region of the Dominican Republic. Nexus is concerned with conserving the natural environment of Samana and is partnering with Banyan Tree Holdings Limited, a developer, designer, and operator of…
Read MoreHomebuilder Woes Have More Than One Cause–And More Than One Effect
Homeowners, of course, aren’t the only ones who have suffered during the U.S. housing decline; and reports of builders struggling to make ends meet as residential construction dwindle are growing more frequent. But lower community home prices and reduced sales of local homes aren’t the only factors to blame. Take, for example, Texas. The state…
Read MoreRULES & REGS: Colorado Legislator Proposes Renewable Energy Incentives
By Erika Schnitzer, Associate EditorWashington, D.C.–In an effort “to encourage energy efficiency and conservation, the development of renewable energy sources for housing, commercial structures and other buildings, and to create sustainable communities,” U.S. Representative Ed Perlmutter (D-Colo.) introduced a bill to the House Committee on Financial Services last week. Thus far, the legislation has received…
Read MoreNational Index Shows Less Risk Among Renters
By Erika Schnitzer, Associate EditorRockville, Md.–According to First Advantage SafeRent Inc.’s first quarter Multifamily Applicant Risk (MAR) Index, the risk of leasers not fulfilling their payment obligations has decreased slightly as compared to the end of last year.The MAR Index measures trends of both national and regional applicant quality scores. An Index value of 100…
Read MoreDEAL OF THE DAY: 24-Unit Rental Community Sold for $3.15M
By Anuradha Kher, Online News EditorTeaneck, N.J.–Gebroe-Hammer Associates recently negotiated the sale of 171-183 Ft. Lee Rd., a 24-unit garden apartment complex in Teaneck, N.J., for $3.15 million.Located between Beech and Woodbine streets near Amman Park, the two-story, four-building complex features eight one-bedroom and 16 two-bedroom apartments. The brick-façade property is 99 percent occupied and…
Read MoreMulti-Housing Executives on the Move
By Anuradha Kher, Online News EditorRenee Morales Becomes Group Coordinator of Keystone Pacific Irvine, Calif.–Keystone Pacific Property Management Inc., an Irvine, Calif.-based property management firm, has promoted Renee Morales (pictured) from community association manger to group coordinator.Morales will be based in Irvine, where she will serve as a mentor to her team, ensure team cohesion…
Read More42-Unit Affordable Housing Community in Barrio Logan Redevelopment Project Area Set to Open
By Anuradha Kher, Online News EditorSan Diego–Gateway Apartments, a 42-unit affordable housing complex located in the Barrio Logan Redevelopment Project Area near downtown San Diego, will open on June 5.San Diego Mayor Jerry Sanders, City Councilmember Ben Hueso, and representatives of the city’s redevelopment agency are expected to attend the opening.Situated at 1605 Logan Ave.…
Read MoreSan Francisco Environmentally Friendly Building Code’s Cost Questioned
San Francisco–San Francisco’s strict green building codes could reduce the city’s economic output by up to $700 million a year, according to a recent city report.The city’s new standards–which require new commercial and high-rise residential buildings to decrease their impact on the environment in ways such as using on-site renewable power generation and sustainable building…
Read MoreSlow U.K. Housing Market Gives Rental Market A Boost
London–Lower property sales are increasing the U.K. rental market, according to the London-based Royal Institution of Chartered Surveyors (RICS).Demand for rental properties grew at its fastest pace since July 2007 due to reduced home sales, BBC News reported Friday.The result: Higher rents. However, because homes are selling slowly, the number of houses put up for…
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