• Short terminal velocity

    • 2016-09-28
    • Chris Wood

    Marcie Williams is the president of Rivergate KW Residential and oversees a Class A management portfolio stretching from New York to Miami. At all of her communities, resident leases include a policy prohibiting subletting. And yet at all of her communities, the surging popularity of Airbnb and other online rental platforms for consumers are puttin


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  • MHP Reflections

    • 2016-09-28
    • Linda Hoffman, Publisher

    Everyone has the opportunity to save the world. So said Sister Timothy from her humble classroom at St. Thomas More elementary school so many years ago. The news isn't that she had the presumption to say it to a classroom of poor kids with hardly a visible break on the horizon.

    I believed her.

    In the mind of a child, life is s


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  • From housekeeper to the C-suite: A multifamily success story

    • 2016-09-28
    • Peggy Shaw

    The hotel that was managed by Consolidated Management, Inc., (CMI) asked Tony to move in to provide security on the weekends and the couple was happy to leave the apartment where they were behind on the rent.

    Today Anzalone is chief operating officer of Burton Carol Management, LLC, successor company to CMI, and works in tandem with CEO


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  • Thanks for stopping by, Jerry.

    • 2016-09-28
    • Linda Hoffman

    Jerry was my friend and a friend to so many in multifamily. A big personality and an even bigger heart. A showman and promoter. Generous and caring. At times perplexing, but always a mentor and definitely a scrapper. As I hear stories about Jerry, I realize that he was many things to many people. And all were true.

    He lived large and wor


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  • Will Amazon kill FedEx?

    • 2016-09-28
    • Devin Leonard, Spencer Soper, Nicholas Brautlecht, Richard Weiss and Carol Matlack

    In 2010 its annual revenue was $34 billion; last year, $107 billion. In 2010 the company employed 33,700 workers. By this June, it had 268,900. To have enough office space for its swelling headquarters staff, Amazon has swallowed Seattle's South Lake Union neighborhood, and it's building three tree-filled biospheres in the city that will allow work


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  • Supplier side insights

    • 2016-09-28
    • Wendy Broffman

    As co-founder and CEO of Riverstone Residential, Danner spent the past decade in various leadership roles growing the former property management arm of Trammell Crow Residential (TCR) that was purchased by Greystar in 2014.

    One of Danner's goals at Riverstone was to leverage technology to improve company efficiencies while building a sen


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  • Fair housing demystified

    • 2016-09-28
    • Peggy Shaw

    When she was 14, she became friends with Ruby, a black girl, who worked in her aunt's hair salon in McKinney, Texas, and had many conversations with her about how the black kids were treated, relegated to separate schools with used school books and to the back of the bus and banned from the lunch counter at the diner downtown.

    "One Satur


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  • True integration

    • 2016-09-28
    • Wendy Broffman

    As smartphones and other mobile devices overtake the desktop computer in popularity, apps for anything and everything abound, from ordering a pizza or Uber car, booking a hotel, or signing documents. Start-ups continue to launch across a multitude of industries, but multifamily has been slow to catch on.

    One such product in the apartment


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  • Can Nextdoor work for multifamily properties?

    • 2016-09-28
    • Ashley Tyndall

    Take a look around, from urban to suburban areas, you'll notice there's quite a different demand. The advent of the luxury apartment industry, mixed with the powerful Millennial mindset, has drastically changed the game.

    With the rise of a new market, new renters, and numerous social media platforms, there's a plethora of ways to connect


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  • Everything old is new again

    • 2016-09-28
    • Bendix Anderson

    "A lot of people are coming back downtown," says Kevin Thompson, of Bell Partners, a value-added developer based in Greensboro, N.C. "That drives the ability to do value-added redevelopment-there are phenomenal pieces of older real estate, and everything around you might be new."

    Older apartment buildings typically have much lower rents


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  • Developers kick parking to the curb

    • 2016-09-28
    • Esther Fung

    In San Diego's Little Italy neighborhood, architecture and development company Jonathan Segal FAIA ruffled feathers of nearby residents after it revealed plans to build an eight-story, 35-unit apartment complex with no parking spaces. Without the added costs of a garage, the studio units of around 400 sq. ft. apiece would be more affordable, the fi


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  • The future of apartments

    • 2016-09-28
    • Louis Rosenthal

    So what does the medium- and long-term apartment market look like? What should renters, investors and economists know about the market in 2025, 2035 or even 2050? This isn't an idle exercise: While the forces of supply and demand don't change, the drivers of supply and demand do. In that sense, as we move farther into the future, apartment-market o


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  • Assets vs. access: digital reality for commercial real estate

    • 2016-09-28

    "The way we lived, the way we consumed, the whole ownership economy emerged out of driving our cars. We built a big house in the suburbs, we moved there, we acquired stuff. The direction of change here is probably different, but it's comparable in how profound it was and the societal implications," said Arun Sundararajan, New York University profes


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  • What happens when affordable housing doesn't pencil

    • 2016-09-28
    • Bendix Anderson

    But the amount of affordable housing that developers can build is beginning to shrink as the cost of development grows.

    "The number of units of affordable housing produced has been trending slightly downwards," says Jennifer Schwartz, assistant director for tax policy and advocacy for the National Council of State Housing Agencies (NCSHA


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  • The more you energize your coworkers, the better everyone performs

    • 2016-09-28
    • Wayne Baker

    We "catch" energy through our interactions with people-something called "relational energy"-and it affects our performance at work. This is what my colleagues Bradley Owens, Dana Sumpter, Kim Cameron, and I learned in an article we published earlier this year. We were motivated to do this research because energy is a vital personal and organization


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  • 15 Years in the pipeline

    • 2016-09-28

    Cranes are on the horizon in San Francisco in a most unlikely place, South of Market's (SoMa) Harrison Street. The area with a most lively history is one of the last to relent to the City's unquenchable thirst for rental housing. Parallel to five lanes of Interstate, the new community of LSeven apartments, and over a half-dozen other developments a


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  • Energy Bill inches closer to finish line

    • 2016-09-28

    Of particular interest to the multifamily industry have been provisions related to the Department of Energy's (DOE) role in the development of building energy codes, as well as resolving a rule involving high efficiency gas furnaces.

    NMHC and NAA have been active participants in the advancement of building energy codes since the introduc


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  • The long view on your connections

    • 2016-09-28
    • Rebecca Knight

    Networking is linked to many measures of professional success-including getting promoted, having influence, earning more money, and feeling more satisfied in your career. "Research shows that networks give people access to information, such as advice and problem-solving assistance, among other benefits," explains Francesca Gino, a professor at Harv


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  • The Closer

    • 2016-09-28
    • Richard A. Epstein

    People who live in New York City know that its frenetic pace can induce anxiety. In part, that angst stems from living in a highly congested city brimming with energy.

    But there's also the anxiety from New York's crazy-quilt pattern of land use regulation, which a New York Times editorial recently labeled "High-Rise Anxiety." The


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