Archive for October 2009
Estrie Introduces Larger LEED-Certified Tiles
Estrie’s LEED (Leadership in Energy and Environmental Design)-certified Viera is now available in an 18” x 18” size tile.
Read MorePerspective: How Central Policy Extended the Recession
The timing of this recession could not have been worse. The National Bureau of Economic Research puts the start at January 2008. This coincides with the final leg of the lame-duck Bush Presidency. Regardless of your politics, it is clear that the Bush administration a) lacked the political power to produce apic1n all-encompassing response, and b) realized after Lehman’s demise that the complex, global recession developing was going to require a long-term solution.
Read MoreApartment REITs Register Total Returns of 38% in 3Q
New York—REITs posted their best-ever quarterly gains since the NAREIT indexes’ inception in 1972.
Read MoreREIT Troubles Subside: CWSG Capital Markets Update
The REIT tsunami that struck the industry in late 2008 and continued into 2009 has officially subsided. During the past five months, the REIT industry has raised $20 billion of new debt and equity, and even companies whose very survival was in question are now raising unsecured debt at attractive pricing.
Read MoreNevada Latest State to Allow Apt. Owners to Offer Surety Bonds, Other Security Money in Place of Security Deposits
A new law affirms that apartment landlords throughout the state of Nevada can offer a surety bond or a combination of a surety bond and other security money as an option in lieu of a traditional security deposit as required by the landlord. A.B. 512 revises provisions relating to security deposits for the rental of real property (BDR 10-921). Both a security deposit and a surety bond as a security deposit alternative provide for the protection of the landlord.
Read More‘Editor’s Notebook’ with Diana Mosher: If You’re Listening to Residents, Shout it Out
At the end of August I joined a new demographic when we dropped my oldest son at college for Freshman Orientation. It’s been a difficult transition for his parents and younger brother; but, it’s also an exciting one that we’re all enjoying vicariously, as he experiences his first taste of living away from home. He…
Read MoreBack from the Brink
Just a few months ago, the Midwest was making headlines nearly every day, with reports of the auto industry on the verge of collapse. It was no wonder, then, that Detroit’s unemployment rate was the highest in the nation, and industry experts reported that the future of multi-housing in the city depended on whether General…
Read MoreMarket Statistics for October 2009
Multifamily Starts: Multifamily starts for buildings with more than five units remain volatile. At 115,000 units at an annual rate—up from the previous month’s 85,000 units—it does read as a slight improvement. But it is nowhere near the 200,000-300,000-unit levels of 2007—a level that most agree would be necessary to produce multifamily housing adequate to…
Read MorePreserving the Past
What could a Japanese pagoda, a Swiss chalet, a Dutch windmill and an Italian villa possibly have in common? They, along with eight other architecturally distinct homes share a 32-acre campus with 116 multifamily residences in Forest Glen, Md.
Read MorePortal Protocols
Resident portals are mini sites where tenants can pay their rent, check out activity calendars and request maintenance service. Owners and managers are finding that these portals are must-have amenities today, impacting both resident retention and leasing efforts.
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