• Game changer

    • 2014-08-04
    • WENDY BROFFMAN

    With Greystar Real Estate Partners' acquisition of Riverstone Residential in June, the nation's two largest privately owned apartment management companies are now one mega-firm with almost double the number of managed units than that of its next largest competitor-Lincoln Property Company with 153,445 units.

    Both Greystar and Riverstone


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  • MHP Reflections

    • 2014-08-04
    • Linda Hoffman, Publisher

    From a tender age, I was taught the value of money from two distinct sides of the table: the exacting clarity and drive of my GI-generation grandparents and the wider, theory-driven engine of my boomer father.

    My grandmother had a penny jar, while my father insisted we eliminate the one dollar bills and round up when playing Monopoly. Th


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  • $20 billion skyline

    • 2014-08-04

    Employers, and by extension, cities seeking growth and tax dollars, are competing more fiercely than ever to become centers of innovation and attract top talent. In New York City, that thinking applies to the city within a city that will rise above wide-open expanse of rail yards on Manhattan's West Side.

    According to its developers, you


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  • Room with a view

    • 2014-08-04
    • Prashant Gopal, bloomberg.com

    Katie Graham moved into a new apartment in Nashville, Tennessee, for its gym, rooftop deck with heated pool, and the bars and restaurants in the neighborhood below. She didn't mind the size of the 562-sq.-ft. studio.

    "I just wanted to be in a good area and wanted good amenities, so I wasn't looking for something huge," said Graham, 25, w


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  • Powering down

    • 2014-08-04

    The electronic gadgets our residents use are estimated to have used 12 percent less energy in 2013 than they did 2010, even though there were nearly a billion more devices.

    The decline is due in large part to a significant decrease in electricity used by televisions and computers, according to a new report, which analyzed 46 types of con


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  • Emotional boundaries

    • 2014-08-04
    • Greg McKeown

    Filter 1: Protect yourself from others. I once worked with a manager who gave blunt feedback in perpetuity: "You're not a grateful person!" and "You're just not a great writer!" and "Well, that was dumb!" My response, at first, was to listen as if everything she said was true. On the outside, I became defensive-but on the inside, I returned


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  • Customer experience quantified

    • 2014-08-04
    • Peter Kriss

    Rationales for focusing on customer experience tend to be driven by a gut belief that it's just "the right thing to do." The problem with this is that often, whether experience is a priority or not simply becomes a battle of opinions.

    It was for this reason that we wanted to explore ways of quantifying the impact of good versus poor cust


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  • Staying the night or the year?

    • 2014-08-04
    • PEGGY SHAW

    "Great cities of the country are usually led by people living and coming downtown on a 24-hour basis, so we at HRI are glad to be a part of a renaissance in downtown Dallas," Pres Kabacoff, CEO of the 32-year-old company he founded in 1982 with his late partner Edward Boettner, said during the May 29 ground-breaking ceremony for the historic recons


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  • Leading beyond LEED

    • 2014-08-04
    • Tobias Salinger

    When the innovatWhen the innovative foam-and-stucco structure at 803 Knickerbocker Avenue in Brooklyn couldn't hold up to the blower door test that's a standard trial of airtightness, the architect sent her staff scrambling throughout the six-story, 24-unit building. She and the Ridgewood Bushwick Senior Citizens Council, the project's developer, a


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  • Will young adults make or break the housing industry?

    • 2014-08-04
    • Jason Furman

    The Great Recession was felt acutely across the American population but perhaps more so for our youth. While the unemployment rate for those over 34 peaked at about 8 percent, the unemployment rate among those between the ages of 18 and 34 peaked at 14 percent in 2010 and remains elevated, despite substantial improvement; delinquency rates on stude


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  • A history of Faith

    • 2014-08-04
    • WENDY BROFFMAN

    He decided to continue his education, since jobs were scarce, looking at either business school or law school, and ended up going to Harvard Business School to pursue his MBA.

    After graduating in 1986, Faith was hired by Trammell Crow, whose eponymous company is known for mentoring newly minted MBA's and testing their mettle; many of the


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  • Buildings with a past

    • 2014-08-04
    • C. J. Hughes, nytimes.com

    New York has always been a place where people could start over, reinvent, try something new.

    Buildings have been no different.

    Perhaps from the moment somebody turned a stable in colonial Manhattan into a crash pad, what constitutes a home has been open to interpretation.

    Naturally, office towers have been favorite


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  • Big changes on the way

    • 2014-08-04

    Seattle-based Zillow, the market leader in online residential real estate listings, said it would buy the second-biggest player in that market, San Francisco-based Trulia, in an all-stock deal.

    The combined Zillow-Trulia will achieve cost savings and invest more in building its online platform and resources, according to the announcement


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  • The Closer

    • 2014-08-04
    • Toby Bozzuto, President, The Bozzuto Group

    The multifamily industry has never been particularly at the forefront of technological innovation. Too often we've tended to follow, versus create, trends and be reactive, versus proactive, when it comes to introducing new ideas into the marketplace. And in today's world, we're having an even harder time keeping up.

    While our industry ha


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