• Builder be nimble

    • 2011-02-02
    • WENDY BROFFMAN

    Apartment REITs, despite their ability to finance development projects on their own balance sheet, were not the first out of the gate.

    Instead, it was privately held real estate company Wood Partners, which has a development pipeline that rivals any firm in the industry today-public or private. The 12-year old Atlanta-based company was a national


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  • HUD and gays

    • 2011-02-02
    • Ed O'Keefe, Washington Post

    HUD has unveiled a series of proposed rule changes that would prohibit lenders from using sexual orientation or gender identity as a way of determining a borrower's eligibility.

    The rule change would state that eligible families have the opportunity to participate in HUD-based programs regardless of marital status or sexual orientation.

    The new


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  • Home Builders urge Fannie, Freddie to get behind mixed-use

    • 2011-02-02

    The mortgage giants currently require that projects they finance be no more than 25 percent commercial (20 percent for Fannie and for multifamily HUD projects.) The intention is that these lenders remain true to the legislated-mandate to apply loans toward multifamily.

    The Congress for the New Urbanism (CNU) has waged a battle against these manda


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  • New sheriff in town

    • 2011-02-02
    • WENDY BROFFMAN

    Mark Sadosky took the helm in November as the company readies itself for its next stage of growth. CallSource, multifamily's largest provider of call tracking, sales and marketing performance analytics, and learning management systems, has nearly doubled in size in the past four years.

    "The company has experienced strong growth in the face of ver


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  • Home values fall across the U.S.

    • 2011-02-02
    • Nick Timiraos, wsj.com

    Falling prices are a reflection of weak demand and tight credit conditions that reduce the number of potential buyers.

    "There are just not a lot of renters with confidence, with a down payment, with good credit, and without a lot of additional debt," said John Burns, a homebuilder consultant in Irvine, Calif.

    On the inventory front, New York's


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  • The Closer

    • 2011-02-02
    • N .Ibanez, Business Revew USA

    When Alan Simpson and Erskine Bowles- the co-chairs of White House budget commission- released their ideas for cutting the federal budget deficit, they included something to upset nearly everyone. Getting their proposals through Congress would require "Herculean efforts," according to one observer quoted in The Wall Street Journal.

    That got us th


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  • MHP Reflections

    • 2011-02-02
    • Linda Hoffman

    I loved Sister Timothy.

    She was sweet and sovereign, and had the divine ability to cause me to snap into accordance with a single glance. With all her ecclesiastical presence, Sister Timothy bestowed upon me the social power of a proper sentence and the pensive tone of a guitar's A-minor.

    No matter how many rebel anthems we sang outside her pur


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  • Green machine

    • 2011-02-10
    • WENDY BROFFMAN

    He would rather operate his apartment business in the Midwest markets, where there is a controlled amount of supply and flat to small population and employment growth, than in over-supplied markets with more robust population and job growth.

    But the Midwest's largest developer, owner and manager of apartments also manages apartments for third-par


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  • Design solutions advance development when there is no money

    • 2011-02-18
    • Carl Malcolm, JHP Architecture/Urban Design

    Development, design, construction, housing are all in a period of deep stagnation. The housing bubble and subsequent crash has precipitated the most difficult debacle most of us have ever seen. Traditional forms of lending have largely evaporated as banks and other sources of capital have grown leery of extending credit for homebuilding and develop


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  • Energy zappers

    • 2011-02-18
    • Sherrie Bourg Carter, Ph.D., Psychology Today

    What are these terrible thieves that steal our limited resources? Some of them may actually surprise you.

    Tight Clothes No doubt, the way we dress can have a powerful impact on how we're viewed by others, and even the way we view ourselves. But at a time when the hottest fashions include pencil skirts, jeggings, and "skinny" jeans, it might be wo


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  • Green fatigue

    • 2011-02-18
    • Matt Brownell, mainstreet

    A new Harris Poll has found that participation in a wide range of environmentallyfriendly activities had declined by a small but significant percentage in 2010 versus 2009.

    The poll found that 39 percent of Americans purchased locally-grown produce in 2009, but that number fell to 33 percent in 2010. Participation in similar activitiesŚmaking an


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  • My social media resolutions

    • 2011-02-18
    • Steve McKee, Business Week

    I will be original. Plagiarism has always been a crime, but the Internet has made it much easier to commit. The ease and speed with which we can share things through social media makes it even more tempting. While most people wouldn't plagiarize an entire article, column, or white paper, they think much less of plagiarizing a Facebook or Twitter po


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  • Renters' inception

    • 2011-02-18
    • Steve Cook, Real Estate Economy Watch

    Since owners of 10.8 million homes owe more on their mortgage than their homes are worth, a decline from 11 million in the second quarter, they act more like renters than homeowners, suggests the Q3 report on negative equiay from CoreLogic.

    "An alternative definition of homeownership is to exclude owners with negative equity, which nets the effec


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  • The state of communities of color in the U.S. economy

    • 2011-02-18
    • Christian E. Weller, Jaryn Fields, Folayemi Agbede, Center for American Progress

    This also means that, as the economic recovery deepens and the labor market recovers, communities of color will have to climb out of a deeper hole to regain the same level of economic security as they had before the crisis.

    The level of economic security enjoyed by communities of color before the housing and financial crises drove our economy int


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  • Cruising condos

    • 2011-02-18
    • Purva Patel, Houston Chronicle

    The developer, who is targeting retirees, is showing a model condo at the Marina Del Sol in Kemah through Feb. 6.

    The boat, which will be 600 feet long and called the Marquette, would spend more days in Texas than in any other state, according to the developer, which hopes it will eventually dock at the Bayport cruise terminal or someplace that h


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  • De-fund HUD?

    • 2011-02-18
    • Jon Prior, housingwire.com

    According to the language in the bill, once ratified, all accounts and programs for HUD would be immediately defunded. It would also transfer all housing programs for veterans away from HUD and into the Department of Veteran's Affairs.

    HUD's fiscal year 2010 budget totaled $43.7 billion, a nine percent increase from 2009.

    "By removing programs


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  • Illegal-immigration enforcement program takes toll on U.S. Hispanic populations

    • 2011-02-18
    • Tara Bahrampour, Washington Post Staff Writer

    In some cases, the initial decrease was steep: Between 2007 and 2009, Frederick County, Va., lost 61 percent of its Hispanic population, and Prince William County, Va., lost almost 21 percent, according to the report from the nonpartisan institute, which used census data and school enrollment figures. The Hispanic populations have rebounded, but no


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  • Innovating in humanity

    • 2011-02-18
    • Dov Seidman, Bloomberg Business Week

    You'll find one of the best illustrations of 21stcentury business innovation inside not a Silicon Valley corporate campus but rather a Ritz-Carlton hotel, where a guest might return to her room to discover a spread of champagne and cake requisitioned by an employee who discovered it was the guest's birthday.

    If this notion of what I call "human i


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  • U.S. regulator struggles to gain faulty mortgage data

    • 2011-02-18
    • Al Yoon, Reuters

    Nothing has been heard from the regulator, the Federal Housing Finance Agency, on 64 subpoenas it issued banks in July for detailed information on subprime and other Wall Street mortgage bonds purchased by the U.S. home loan giants at the peak of the housing market.

    The delays are fueling suspenseful buzz among investors, who are hoping the top h


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