• Pillars 2012: and the winners are...

    • 2012-10-26
    • PEGGY SHAW

    The vast majority of those recognized for excellence in multifamily development in the contest many consider the Oscars of the apartment industry are located in markets that are among the top 25 metro areas forecast to see the largest gains in employment and population growth over the next four or five years.

    And most, like the 325-unit Fusion 15


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  • MHP Reflections

    • 2012-10-26
    • Linda Hoffman, Publisher

    Everyone comes to a point in their life where they consider their own mortality. It might be spurred by the loss of a loved one. A passing birthday. Or just one particular day when it happens to cross your mind that this life is with end.

    I certainly have.

    Even as someone who believes this is but a touchstone for something much grander, it's st


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  • Why competition is healthy for business

    • 2012-10-26
    • Clayton Mwaka, Amy Martino

    It's sometimes comical to find business managers giving all sorts of reasons as to why they cannot do this and the other-because of competition. Is there really any business in this world without competition? Monopolistic tendencies have long gone and the current business world is about competition. If you must exist and thrive, you must compete. P


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  • IQ: Are we really getting smarter?

    • 2012-10-26
    • James R. Flynn

    We are the first of our species to live in a world dominated by hypotheticals and nonverbal symbols.

    Advanced nations like the U.S. have experienced massive IQ gains over time. From the early 1900s to today, Americans have gained three IQ points per decade on both the Stanford-Binet Intelligence Scales and the Wechsler Intelligence Scales. These


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  • Starwood bets on apartments

    • 2012-10-26
    • Hui-yong Yu, businessweek.com

    Through his publicly-traded Starwood Property Trust Inc., Sternlicht has been buying foreclosed homes to rent as he waits for greater price appreciation. Through his private equity firm Starwood Capital, he also has been actively acquiring apartment properties since the beginning of 2010 to capture the growth in rental demand, said Chris Graham, a


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  • If I read one more platitude-filled mission statement, I'll scream

    • 2012-10-26
    • Greg McKeown, CEO, THIS Inc.

    At the risk of adding another consulting clichÚ to the mix, we can map the most common directional documents on a practical grid to help us to make sense of them.

    On one hand, we have vision, mission and values statements that sound inspirational, but are so general they are almost entirely ignored. On the other hand, we have quarterly objective


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  • Portugal scraps rent control

    • 2012-10-26
    • Barry Hatton, Associated Press

    But Portugal is scrapping its long-standing rent controls in one of the government's most radical economic and social reforms since the ailing country needed a $99 billion bailout last year, when it was engulfed by Europe's financial crisis.

    Critics say the anticipated rent hikes could price thousands of families out of their homes. At the very l


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  • Not your father's senior living

    • 2012-10-26
    • Michelle Jarboe McFee, The Plain Dealer

    If she needs it, she has round-the-clock phone access to a home health care agency that can handle emergencies, bring in doctors and help residents navigate the medical system.

    Though recent changes at the building clearly cater to seniors, the apartments also house young couples, working professionals and families. So living there doesn't make h


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  • Political chatter in the workplace? It's possible to be civil

    • 2012-10-26
    • Stephen Paskoff, President and CEO, ELI, Inc.

    Yes, it's college football season but the rivalries between Alabama and Auburn, Harvard and Yale, Michigan and Ohio State, pale in comparison to the nationwide battles between Republicans and Democrats. For me and many others, the mania surrounding football season is being replaced by election year obsession.

    Conventional workplace wisdom s


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  • Where do we go from here?

    • 2012-10-26
    • Lauryn Schimmel

    In March of 2012, Jim Cramer, former hedge fund manager, and host of CNBC's Mad Money, warned his audience that it was time to sell off investments in REITs. He asserted that the projected outlook of many REITs was overblown because the cost of new homes are continuing to fall while rents increase. He believed the depressed for-sale segment was eno


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  • The next question facing cities: Will Millennials stay?

    • 2012-10-26
    • Rolf Pendall

    Mostly these are the Millennials-adults roughly 20 to 34-years-old, also known as Generation Y or the Echo Boom-who have delayed childbearing, marriage, and even household formation because of a combination of changing culture and economic necessity. Urban living makes sense for these young people: compared with suburbs, cities often provide young


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  • Reasons to adopt a Millennial mindset regardless of your age

    • 2012-10-26
    • Jeanne Meister

    One third of US workers say their boss is younger than they are-and for fifteen percent that's by at least ten years-according to a recent study done by CareerBuilder, which surveyed more than 6,000 people.

    "It's not uncommon to see 30-year-olds managing 50-year-olds," said Rosemary Haefner, VP of HR at CareerBuilder.

    It's been well documented


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  • Revenue management: eyes wide shut

    • 2012-10-26
    • Becca Wilson, CEO of Spherexx.com

    Residents and prospects can now compare actual rental rates at "RentHackr.com: the best way to find out if your landlord is ripping you off." This Facebook application allows viewers to see what actual rental rates, as opposed to quoted, are being paid in an apartment community. It displays resident move-out notices before they give notice to their


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  • Two heads are better than one

    • 2012-10-26
    • WENDY BROFFMAN

    But prior to launching the company, the industry experts found themselves competing with each other in a tough environment where developers battle it out for a limited number of opportunities.

    Proffitt served as development executive at both Pappas Properties and Los Angeles-based Champion Development Group before launching Proffitt Capital Group


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  • Celebrity magnet El Royale tower sells for record price

    • 2012-10-26
    • Roger Vincent, Los Angeles Times

    The 12-story building at 450 N. Rossmore Ave. was built in 1929 for the Hollywood crowd and early residents included Clark Gable, William Faulkner and Loretta Young. It was designed in a mix of Spanish and French Renaissance styles by the same architect who created the famous Chateau Marmont hotel in West Hollywood.

    El Royale was purchased by Kam


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  • Half a million TV viewing homes disappear

    • 2012-10-26
    • Michael Grotticelli, broadcastengineering.com

    As of the end of August, Nielsen has adjusted the number of viewing households to 114.2 million.

    "We have had no household formation over the past several years, and I believe there is a modest amount of cord-cutting happening in younger households and in lower-income households," said Paul Sweeney, Bloomberg Industries' director of North America


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  • The Closer

    • 2012-10-26
    • Curtis Dubay

    You're going to hear it a lot in the coming weeks. President Obama will say again and again that our economy can grow despite the tax increases he proposes. As proof, he'll point to economic performance after President Bill Clinton's tax hikes in the early 1990s.

    But what really happened after Clinton raised taxes? The historical record is clear,


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