• Start spreading the news

    • 2014-05-27
    • Andrew J. Hawkins, crainsnewyork.com

    De Blasio unveiled his administration's ambitious plan to build and preserve 200,000 units of affordable housing, one that he says will house half a million people at a cost of more than $41 billion over the next decade.

    The mayor's rhetoric in introducing his plan matched the scale of his proposal.

    "This is literally the largest and mo


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  • High-risers

    • 2014-05-27
    • WENDY BROFFMAN

    By the number of cranes active in the nation's urban markets, the moniker that best describes multifamily in 2014 might be the year of the luxury high-rise.

    Major metros are buzzing with activity as developers reach for the sky with housing aimed at young professionals who are migrating to urban centers-a trend Humphreys and Partners Architec


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  • MHP Reflections

    • 2014-05-27
    • Linda Hoffman, Publisher

    I've had the immense fortune of travel. I am blessed with stories of adventure so remarkable that even I sometimes don't believe them as I recount them to friends.

    Still, I am tempered. I pause before each story to remember a certain street in Venice, Italy, upon which sits Marco Polo's house from the 1300s. Neatly attached to the side of the


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  • Donald Sterling

    • 2014-05-27
    • Sharon McNary, Southern California Public Radio; Emily Canal, Forbes

    Los Angeles Clippers owner Donald Sterling apologized on CNN for racist remarks that recently got him banned from the NBA for life. It was his first public statement since a tape surfaced of the billionaire telling a female friend not to associate with black people.

    "I love my league, I love my partners. Am I entitled to one mistake? It's a t


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  • Millionaires in rent-stabilized apartments?

    • 2014-05-27
    • James Fanelli, dnainfo.com

    A polo-playing multimillionaire who allegedly broke up Gov. Andrew Cuomo's marriage, a former tobacco executive who once chaired an anti-tax organization and the head of a hedge fund have all lived in rent-stabilized apartments in some of Manhattan's toniest zip codes in the past few years, paying a fraction of their units' true market value.


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  • You don't always get what you want

    • 2014-05-27
    • Ronda Kaysen, NY Times

    Reilly's building, the Windermere West End, a luxury rental, is one of several in the city that prohibit rent-regulated tenants from using new services like gyms, playrooms and rooftop gardens. Some co-op and condo buildings have similar restrictions.

    Developers say amenities are a marketing tool to lure high-paying tenants. And they say rent


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  • I can't get no

    • 2014-05-27
    • Andrew Khouri and Bianca Barragan, curbed.com

    One person, Arie Shashou, 77, thought just that. That was before Shashou received an eviction notice in March. Shashou's $825-a-month rent-controlled apartment, and 17 other units, will be demolished to make way for a pricey new apartment complex.

    Such evictions have surged in Los Angeles as property owners cash in on the recovery. Rent-contr


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  • Build it and they will come

    • 2014-05-27
    • PEGGY SHAW

    Since the fourth quarter of 2009, the REIT has started and completed 27 communities, representing over $1.4 billion in total capital cost. In addition, the company has 12 development communities in lease-up representing a total capital cost of $1 billion at a projected average initial stabilized yield of 7.3 percent, 80 basis points above original


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  • A love story: when apartment development meets big data

    • 2014-05-27
    • LISA BENSON

    One passing through the Uptown area of Dallas or the Galleria in Houston, might feel a twinge of envy while wondering how this particular region has been blessed with what appears to be the lion's share of economic funding.

    "We're just catching up," says Spencer Stuart, senior managing director of Legacy Partners in Dallas. "There is huge pe


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  • Big data renaissance

    • 2014-05-27
    • LAURYN SCHIMMEL

    From the creation of fire to the creation of the Internet, new technologies have enabled early adopters to gain a competitive advantage and change the very nature of the way we operate and succeed. Although the author is unknown, we are all familiar with the adage "information is power." Those who know more about their surroundings, their competito


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  • 5 habits of people with remarkable willpower

    • 2014-05-27
    • Jeff Haden

    They have remarkable willpower not because they have more of it, but because they've learned how to best use what they have. Here's how you can, too:

    1. Eliminate as many choices as possible. We all have a finite store of mental energy for exercising self-control.

    The more choices we make during the day, the harder each


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  • Multifamily energy summit report 2014

    • 2014-05-27

    A number of the nation's larger owners and operators also led discussions and attended the two-day event. The gathering focused on those greatest challenges facing the multifamily industry including rising energy costs, growing regulations, and best practices for conservation and cost containment.

    The by-invitation forum was sponsored by Cost


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  • Time is on my side

    • 2014-05-27
    • STEVE DORMAN

    Multifamily buildings are the last big game on the horizon. Single family homes, offices, and factories have been tracked and surveyed for their energy use for years, even decades. In homes and in the commercial space we have accrued data on electricity consumption, water use, gas; there are even trend reports on trash and recycling. Data abounds f


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  • The Closer

    • 2014-05-27

    The Senate Banking Committee voted to forward to the full Senate a bill that would wind-down Fannie Mae and Freddie Mac and restructure the housing finance system, after delaying the vote for two weeks.

    The vote passed 13-9, which is one more vote than senators said they had during the first mark-up on April 29, when they decided to delay the


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