• Lucky stars - saga of a bull market

    • 2015-07-27
    • Wendy Broffman

    "The apartment industry hasn't looked this good in some time," said Jeff Adler, VP and general manager of Yardi Matrix during an interview with MHP in July. Yardi Matrix is a business development tool used by Yardi Systems, Inc. that delivers real-time market intelligence on multifamily properties in 100 markets around the nation. Moreover, Yardi M


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  • MHP Reflections

    • 2015-07-27
    • Linda Hoffman, Publisher

    Much like the great split incentive that sits at the heart of our multifamily businesses, we are a country conflicted. Sitting squarely between what we hear, what we know, and what we can actually do about it; truth seems mostly a closely held belief.

    That's where numbers become important. Numbers drive our operations, set our projection


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  • Everything's brand new in - D.C.?

    • 2015-07-27
    • Payton Chung

    The code now permits light-framed buildings of wood or steel, which are often faster and less expensive to build than equivalent heavy-framed structures, to reach eight stories and up to 85-ft. high-just shy of the 90-ft. limit the Height Act imposes outside of downtown.

    How much less expensive? The blocks (right) illustrate three potent


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  • The four percent

    • 2015-07-27

    He said the move "would serve as a national model," according to a report in the Los Angeles Times.

    While the L.A. move could prompt other U.S. cities and states to follow suit, and push the federal government to move faster with its $10.10 an hour goal, it could have other unintended consequences as well, according to experts.


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  • IOT is changing customer relationships

    • 2015-07-27
    • Ric Merrifield

    Today, CRM pervades the way many companies track and measure how they interact with other organizations, across many departments: marketing, sales, customer service, support, and others. CRM made it possible to determine precisely who responded to a specific marketing campaign and then who became a paying customer, which customer called the most fo


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  • Rent controlled residents not markedly different

    • 2015-07-27
    • Josh Barbanel

    "Rent-stabilized tenants are paying more than 30 percent of the incomes on rent," said Harvey Epstein, a tenant member of the city's rent-setting Rent Guidelines Board, at a recent meeting. "That ain't right. The rent is way damn too high."

    But newly released census data suggest the city's one million rent-stabilized tenants may not be a


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  • How to overcome the midday slump

    • 2015-07-27
    • Carolyn O'Hara

    How do you choose those precious moments when you think you'll be feeling your best to do the most challenging work? And what's the best way to ride out any lulls?

    What the experts say
    "It's just not realistic to expect ourselves to be on all day," says Carson Tate, author of Work Simply: Embracing the Power of Your Personal


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  • Disparate impact: judging by the color of their skin

    • 2015-07-27
    • John Fund

    The question before the court was: Can you be found guilty of racial discrimination if you never engaged in policies that had any intent to discriminate?

    Roger Clegg of the Center for Equal Opportunity lays out just such a scenario: "Suppose, for example, that the owner of an apartment complex decides that she does not want to rent units


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  • Where everyone knows your name

    • 2015-07-27
    • Mike Weston

    From Boston to Beijing, municipalities and governments across the world are pledging billions to create "smart cities"-urban areas covered with Internet-connected devices that control citywide systems, such as transit, and collect data. Although the details can vary, the basic goal is to create super-efficient infrastructure, aid urban planning and


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  • Way finding in the gig economy

    • 2015-07-27
    • Noam Scheiber

    When the California Labor Commissioner's Office ruled in June that an Uber driver was an employee deserving of a variety of workplace protections-and was not, as the company maintained, an independent contractor-it highlighted the divided feelings many Americans have about what is increasingly being called the "gig economy."

    On one hand,


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  • Utility costs rising

    • 2015-07-27
    • Julia Prodis

    It isn't just the additional cost that's irking California residents-it's the growing suspicion among neighbors suddenly stuck splitting one big water bill. A vast majority of California's apartment communities have one master water meter, not individual ones for each unit. So there's no way to measure who's conserving and who is letting the tap ru


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  • The empowerment of choice

    • 2015-07-27
    • Brian Zrimsek, chief products officer, MRI Software

    When you have the flexibility to choose, you typically will. Choice invokes freedom, individuality, and a personal expression of will. Mostly it allows us to follow our own personal tastes and meet our own specific needs. Just ask Baskin Robbins, home of the 31 flavors. The company has created more than 1,000 flavors of ice cream, and they still co


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  • Something for everyone

    • 2015-07-27

    Demographic shifts-the impact of retiring baby boomers and the rise of the Millennial generation-will likely have the most significant impact on real estate near- and long-term, according to CRE's 2015-16 Top Ten Issues Affecting Real Estate, a list it compiles annually. Demographic shifts rose to the top of this year's list because of the sheer nu


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  • What comes after smart products?

    • 2015-07-27
    • Bala Iyer and N. Venkat Venkatraman

    With digitization 1.0, companies create products and services that allow manufacturers to collect data on how their products are being used by customers in different settings and learn to modify them for future use. Digitization 2.0 is about the exchange of "in-context" data on how consumers and enterprises use different interconnected products and


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  • Developers count on demand through 2017

    • 2015-07-27
    • Bendix Anderson

    "It's kind of late in the party, when all the punch is gone," says Ryan Severino, senior economist and associate director of research for Reis Inc., a New York City data firm. "We always end up overdeveloping."

    Active developers are counting on demand for apartments to stay strong-supported by solid demographics and an economic recovery


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  • Green roofs grow on multifamily buildings in major U.S. cities

    • 2015-07-27
    • Bendix Anderson

    "There are lots of benefits to having a green roof-the short-term benefit is having a usable amenity space," says Steven Peck, president of Green Roofs for Healthy Cities.

    A growing number of cities are paying multifamily building owners to add green roofs to their buildings. That's helping to motivate more owners to plant their rooftops


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  • HUD: Fixing the housing mess that spurred segregation

    • 2015-07-27
    • Julian Castro

    The Obama administration wants to move America off the dime by demanding greater accountability among urban governments that use federal housing subsidies. If these programs really work, prove it with audit results, the administration says. If they can't prove effectiveness, then urban housing managers must present better plans-or risk penalties.


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  • The Closer

    • 2015-07-27
    • Richard A. Epstein

    In July, the Department of Housing and Urban Development (HUD) issued a long and convoluted final rule, entitled "Affirmatively Furthering Fair Housing" (Final Rule). This rule sets out the new terms and conditions which all local governments will be required to meet if they receive federal funds to advance their local housing programs.


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