• Cheaper by the dozen

    • 2012-02-13
    • PEGGY SHAW

    In mid-January, the apartment REIT announced the exercise of an option to purchase the 80 percent interest not currently owned by Camden in 12 related joint ventures for $99.5 million.

    Camden originally owned 100 percent of all 12 assets, but sold the 80 percent interest to UBS and The Tuckerman Group in March 2005 to raise cash for a $1.9 billio


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  • MHP Reflections

    • 2012-02-13
    • Linda Hoffman, Publisher

    Sam Miller is everything that is right with this industry, and possibly even the world.

    At present, he is co-chairman emeritus of Forest City Enterprises, Inc., headquartered in Cleveland, Ohio. With nearly $12 billion in assets, the National Multi Housing Council's (NMHC) Top 50 Owners list ranks Miller's company at number 22 having ownership in


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  • Gays/lesbians inch toward becoming protected class

    • 2012-02-13

    The U.S. Department of Housing and Urban Development (HUD) has introduced a new rule intended to ensure equal access to the department's core housing programs for the lesbian, gay, bisexual and transgender (LGBT) community.

    HUD Secretary Shaun Donovan, speaking yesterday at the National Conference on LGBT Equality, called the new regulations a vi


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  • Bureau of Labor Statistics forecasts fastest-growing jobs

    • 2012-02-13
    • Lauren Weber, wsj.com

    Assuming a full-employment economy with an unemployment rate of 5.2 percent by 2020, the BLS expects total U.S. employment to rise 14.3 percent over the current decade, resulting in 20.5 million new jobs. The projections are based on expected labor force participation, the assumed unemployment rate and estimated housing starts, among other factors.


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  • Fire the customer

    • 2012-02-13
    • Jerry McLaughlin

    Obviously, any business would like to be "better" according to its customers' preferences. And eventually, someone inevitably says: "Why don't we just ask the customers what they want?" But the idea that customer input can be relied upon for transformative brand-building is a crippling delusion. Before you know it, there you are in a focus group, a


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  • Are you learning as fast as the world is changing?

    • 2012-02-13
    • William C. Taylor

    What goes for novelists goes for leaders searching to craft a novel strategy for their company, a new product for their customers, or a better way to organize their employees. In a world that never stops changing, great leaders never stop learning.

    Today, the challenge for leaders at every level is no longer just to out-hustle, outmuscle, and out


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  • The hottest U.S. real estate market: Washington, D.C

    • 2012-02-13
    • Roland Li, ibtimes.com

    "Our spring market has taken off quite early," said Schwartz. "We've reached that stable point where we're out of a buyer's market."

    The nation's capital has been a leader when it comes to real estate.

    While much of the country's housing market continues to languish, Washington and the surrounding area have seen tight inventory and price growth


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  • The cure for cabin fever

    • 2012-02-13
    • Kari Richardson, special to the Tribune

    Whether you're cocooning or stuck inside, apartment amenities help residents while away winter days.

    A typical weekend night for Marlin Rinehart and his fiancee, Andrea Travis, consists of a few games of bowling followed by a friendly game of darts or table tennis. Once a month, the couple gathers with fellow film lovers for a movie club and disc


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  • What then, after the darkness?

    • 2012-02-13

    After several Websites, including Wikipedia, protested by going dark, both pieces of legislation were shelved. Meanwhile, proponents of the two bills- News Corp. CEO Rupert Murdoch among them-rallied in support.

    But the core issues addressed in the bills remain unresolved. The overriding question is how to regulate the Internet enough to protect


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  • Is multifamily ready for big data?

    • 2012-02-13
    • LISA BENSON

    The amount of information being gathered, stored, and now mined, for commercial use can be confounding to the the human mind. Compound this with the fact that all of this data is unique, though concurrently and thinly connected, similar to the "six degrees of separation" within human existence. The technical term for this mass of un-correlated info


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  • JPI Multifamily Partners shedding D.C. apartments

    • 2012-02-13
    • Daniel J. Sernovitz, Washington Business Journal

    JPI Mulifamily Partners LLC has an offer to sell its 909 at Capitol Yards at 909 New Jersey Avenue SE for about $95.4 million to a pension fund managed by JPMorgan Chase Bank N.A., according to documents obtained by the Washington Business Journal. JPI has reportedly reached a deal to sell two others, the Jefferson at Capitol Yards at 70 Eye St. an


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  • Gas prices to rise again

    • 2012-02-13
    • Gary Strauss, USA Today

    Prices could spike another 60 cents or more by May. "I think it's going to be a chaotic spring, with huge price increases in some places," says Tom Kloza of the Oil Price Information Service. Kloza expects average prices to peak at $4.05, although he and other industry trackers say prices could be sharply higher in some markets.

    Rising prices are


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  • MF mortgage originations jump

    • 2012-02-13
    • Daniel J. Sernovitz, Washington Business Journal

    The Mortgage Bankers Association said its quarterly survey shows a steep increase in commercial lending driven by higher originations for industrial and multifamily property types.

    Loans for industrial properties rose 43 percent from a year earlier while multifamily loans jumped 31 percent in the final three months of 2011.

    Loan activity for re


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  • Creating sustainable performance

    • 2012-02-13

    So what does it mean to be happy in your job? It's not about contentment, which connotes a degree of complacency. When we and our research partners at the Ross School of Business's Center for Positive Organizational Scholarship started looking into the factors involved in sustainable individual and organizational performance, we found a better word


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  • Positive intelligence

    • 2012-02-13
    • Shawn Achor, CEO of Good Think

    We have been studying the links between employee engagement and customer loyalty for a few years now, and we've found that the only route to employee happiness that also benefits shareholders is through a sense of fulfillment resulting from an important job done well. We should aspire not just to make employees "happy," but to do so by helping them


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  • Turning foreclosures into rentals

    • 2012-02-13
    • John Gittelsohn, bloomberg.com

    GTIS Partners will spend $1 billion by 2016 acquiring single-family homes to manage as rentals, Thomas Shapiro, the fund's founder said. That followed announcements this month that GI Partners, a Menlo Park private equity fund, expects to invest $1 billion, and Los Angeles-based Oaktree Capital Management LP will spend $450 million on similar housi


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  • Why you won't quit your job

    • 2012-02-13
    • Daniel Gulati

    And when we bumped into each other last week, I found her toiling away in exactly the same role, still dreaming of her nonprofit venture, but now more depressed than ever.

    Why can't Susan leave the job she despises? More generally, what powerful forces pull us back toward the "devil we know?"

    As job dissatisfaction rates climb toward 80 percent


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  • How leaders kill meaning at work

    • 2012-02-13

    As a senior executive, you may think you know what job number one is: developing a killer strategy. In fact, this is only Job 1a. You have a second, equally important task. Call it Job 1b: enabling the ongoing engagement and everyday progress of the people in the trenches of your organization who strive to execute that strategy. A multiyear researc


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  • Forest City shifts focus to core markets, selling land portfolio

    • 2012-02-13
    • Daniel J. Sernovitz, Washington Business Journal

    David J. LaRue, president and CEO of the Cleveland-based company, said the push will lay "a foundation for accelerated value creation." The disclosure is aimed at increasing transparency and aiding investors in assessing Forest City's valuation.

    Forest City's land business buys and sells raw land, develops subdivisions and sells lots to homebuild


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  • Failing to update your travel policy is risky business

    • 2012-02-13
    • Josh Cable

    As more and more employees embark on business travel, the opportunities for trouble- whether it's overpaying for a flight or something far more serious-increases commensurately.

    Still, new research by American Express Global Business Travel shows that less than one-third of companies have updated their travel policies within the last year.


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  • Prepare your business for Facebook mobile ads

    • 2012-02-13
    • Angela West, PC World

    To that end, a new mobile ad program is rumored to launch in March, according to a Financial Times report. Here are five directions Facebook could take with mobile ads, and how your business can position itself to get ready.


    The death of the top/bottom banner
    It's easy to ignore the banner ad at the bottom of your cell phone screen on a m


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  • Zuckerberg may need to fail

    • 2012-02-13
    • Joshua Gans, Rotman School of Management, University of Toronto

    As Matt Yglesias pointed out at Slate, Mark Zuckerberg will remain totally in control of Facebook. Lots of control is something that many CEOs have, but Zuckerberg will have something else entirely: he can't be terminated. Even if he were to die, control would be transferred to his successor. Basically, the governance structure of Facebook appears


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  • When to give up on your goals

    • 2012-02-13
    • Dorie Clark

    The only hitch was that Ben, as a teacher, had to be at work early, so our matches could begin no later than 6:00 a.m. For over a year, we kept up the ritual-until I finally realized I was so exhausted from the early mornings, I wasn't productive the rest of the day.

    Goal setting can be powerful. It's important to periodically look at your priori


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  • Greenville, S.C. renters to see flood of new apartments

    • 2012-02-13
    • Rudolph Bell, greenvilleonline.com

    No fewer than seven new complexes are under construction or planned, and if they all get built, the existing supply will grow by nearly 1,200 units.

    That's much more than Greenville has seen in recent years, according to local developer Russ Davis, who is building the 48-unit 100 East complex downtown along Washington Street.

    Also downtown, Gre


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  • Banks paying homeonwers a bonus to avoid foreclosure

    • 2012-02-13
    • Prashant Gopal, Bloomberg Business Week

    Lenders have routinely delayed or blocked such transactions, known as short sales, in which they accept less from a buyer than the seller's outstanding loan. Now banks have decided the deals are faster and less costly than foreclosures, which have slowed in response to regulatory probes of abusive practices. Banks are nudging potential sellers by p


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  • Thousands of new apartments in works across Charlotte, N.C.

    • 2012-02-13
    • Jim Bradley, wsoctv.com

    The development is part of a much larger trend across the city. More than 1,000 apartment units are under construction currently and thousands more are in the works.

    Along 7th Street, dozens of homes are now boarded up and a green fence runs for acres just beyond the sidewalk. It's all a prelude to a big change.

    Andy Misiaveg with the Historic


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  • The Closer

    • 2012-02-13

    The apartment industry remains supportive of efforts to find the bottom in the single-family housing market because it will help fuel overall economic and jobs growth, which are critical to our industry. However, efforts to bolster the ownership side of the housing sector should not mark a return to the housing policies that led to the bubble and s


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