• Star bright, starlight

    • 2016-01-28
    • Wendy Broffman

    Today, the Washington, D.C. firm is largely accepted as the reigning online provider of commercial real estate (CRE) data and related services for every sector-retail, office, industrial, farm property, raw land, small businesses and, most recently apartments, with a database that continuously updates information about every multifamily community i


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  • MHP Reflections

    • 2016-01-28
    • Linda Hoffman, Publisher

    Context is everything. The current U.S. economy is a dazzling example.

    The stock market continues to free fall, as do oil prices, even as the dollar strengthens against the whims of China. U.S. growth, as measured by GDP, sighed softly in Q4 to an estimated 0.4 percent growth, and consumer confidence barely moved in January.

    L


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  • Multifamily balancing act

    • 2016-01-28
    • Peggy Shaw

    Many apartment owners and managers are adopting digital electronic locker systems and the software that operates them to address that predicament.

    Lori Torres, founder and CEO of Parcel Pending, credits her property management experience with the inspiration for the company she launched in mid-2013 to address the rapidly growing problem.


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  • Great Scott!

    • 2016-01-28

    It also may have been planned perfectly that MRI Software, headquartered in Solon, Ohio, concluded its International Users Conference on October 21, 2015, a fitting end to a dynamic event for this 44-year-old company poised for growth and a future, perhaps as exciting as anything seen by Marty and Doc Brown.

    CEO and ten-year MRI veteran


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  • Love, actually

    • 2016-01-28

    Fresh off the clipboards, the National Multihousing Council (NMHC)/Kingsley Associates 2015 Apartment Resident Preferences Survey is out. Findings were calculated from 120,000 responses across the country and covered renter's preferences on in-home features, community amenities and more based on a number of demographic factors. With comprehensive a


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  • Utility management's role in maintaining your budget

    • 2016-01-28

    There are several components that make up an efficient utility management program. Resident utility billing, vacant cost recovery, accurate budgeting tools, advanced analytics, and proactive utility management and alerts all play a part in keeping utility costs in line. When utility budget variances occur, you need to quickly know why they happene


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  • The right way to hold people accountable

    • 2016-01-28
    • Peter Bregman

    That's when John lost it. "You agreed to the numbers in our budget meeting! You came up with them!"

    Jeanine was silent for a while. Then she stammered out a weak defense that John promptly tore apart. Later, when John and I were debriefing the conversation, he asked me a question that I have heard countless times from countless leaders.


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  • Problematic residents

    • 2016-01-28
    • Danielle Braff

    That's when apartment living becomes tedious, and when your neighbors can feel more like adversaries.

    The vast majority of apartment residents are decent folks who wouldn't dream of disrupting life in their buildings by being verbally abusive to neighbors, by blowing up property manager's phones and email inboxes with endless complaints


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  • How to profit from rising rents: build apartments

    • 2016-01-28
    • Laura Kusisto

    After six years of rising apartment rents, investors from all corners of the real estate industry are piling into new projects in a bet the boom still has a long way to run.

    Over the next three years, developers expect to build almost 1 million apartments in the U.S., more than the nearly 900,000 constructed over the previous three, acco


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  • The risks and rewards of dynamic pricing

    • 2016-01-28

    But factor in the human element-as any smart business person will-and you can see any number of reasons to be afraid: Am I reducing the market value of my product? Am I angering my core customers? Does frequent discounting encourage people to wait until the last minute-and the lowest price-to buy?

    Wharton operations, information and deci


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  • How small is too small?

    • 2016-01-28
    • Jennifer Peltz

    It's micro-living in the nation's biggest city, and New Yorkers could be seeing more of it. Planning officials are proposing to end a limit on how small apartments can be, opening the door for more "micro-apartments" that advocates see as affordable adaptations to a growing population of single people. Critics fear a turn back toward the city's ten


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  • Fix the problem. Just wing it.

    • 2016-01-28
    • Michael Lipson

    Almost all the offenders who come to the attention of Human Resources are repeat offenders. And boring meetings tend to be boring in the same way week after week.

    Business leaders have come to me with steam pouring from their ears and fire shooting from their eyes as they describe the feeling of all-too-familiar work problems: Great, her


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  • Getting beyond yourself

    • 2016-01-28
    • Liane Davey

    Once you can visualize that person vividly and even viscerally, imagine the following scenario: You're sitting at your desk working away when a message from that person pops up on your screen. You open the message and it reads: "I got the draft presentation you sent. I caught a couple of mistakes, and I have some ideas for how to make it better. I'


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  • Thousands of downtown Detroit apartments are on the way

    • 2016-01-28
    • John Gallagher and JC Reindl

    The new construction represents the latest wave in what promises to be a flood of new residential projects to downtown. Multiple other projects are in various stages of planning for the next two to three years.

    Barring a major economic downturn, the developments promise new residents with disposable incomes, boosting the fortunes of rest


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  • The big take

    • 2016-01-28

    That is until they learned that zoning changed during their ownership, recategorizing their parcel as wetland, and making it of no market value. Still, a grandfather clause protected lots prior to 1976, as was their lot. But only if the lot "is in separate ownership from abutting lands." The problem is that the Murrs own the abutting land. Now what


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  • There's no business like multifamily business

    • 2016-01-28

    According to JLL's preliminary research, the total volume of apartment sales in 2015 not only exceeded last year's record-breaking number-it crushed it.

    Investors poured nearly $139 billion into multifamily product, trumping 2014's $106 billion by a whopping 31 percent. JLL, an investment management firm, predicts 2016 will keep up the p


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  • The Closer

    • 2016-01-28
    • Walter Williams

    Michael Hiltzik, columnist at the Los Angeles Times, wrote an article titled, "Does a minimum wage raise hurt workers? Economists say: We don't know." Uncertain was his conclusion from a poll conducted by the Initiative on Global Markets, at the University of Chicago's Booth School of Business, of 42 nationally ranked economists on the question of


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