• After the deluge

    • 2012-12-14
    • PEGGY SHAW

    Residents of UDR, Inc.'s Rivergate, 95 Wall and 10 Hanover Square were not among the uninformed.

    The 40-year-old apartment REIT, which entered New York City with the purchase of the 493-unit 10 Hanover Square in April 2011, followed by the acquisition of the 706-unit Rivergate in July 2011 and the 508-unit 95 Wall the following September, kept th


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  • MHP Reflections

    • 2012-12-14
    • Linda Hoffman, Publisher

    A friend of mine collects old books. She's far better at it than me, but she's a kind friend, and shares without concern. So when I recently visited and stumbled upon an issue of The Atlantic magazine from the 1880s in one of her stacks, she allowed me to spend our visit reading. The hard-bound magazine was founded in 1857 by none other than Ralph


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  • iPerks: How Apple seeks to woo employees

    • 2012-12-14

    These perks, according to an article in The Wall Street Journal, include new discounts on Apple products, a program that matches employees' personal charitable contributions up to a set amount, and "Blue Sky," which gives small groups of employees a dedicated amount of time to spend on their favorite engineering projects. Cook has taken other steps


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  • The big split

    • 2012-12-14
    • Oshrat Carmiel, bloomberg.com and Jonathan O'Connell, washingtonpost.com,

    Equity Residential and AvalonBay will together pay $2.69 billion in cash along with stock valued at $3.8 billion, N.Y.-based Lehman announced. The buyers, the two biggest U.S. apartment landlords by market value, will also assume $9.5 billion of Archstone debt.

    "The window was closing to optimize an Archstone IPO," said Richard Anderson, analyst


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  • Even more shades of grey

    • 2012-12-14
    • David Bloom, Clarence James Gamble professor of economics

    The number of centenarians worldwide will double by 2023, and double again by 2035. Projections suggest life expectancy will surpass 100 in some industrialized countries by the second half of this century-roughly triple the lifespan that prevailed worldwide throughout most of human history.

    Anti-aging technologies-from memory-enhancing drugs to h


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  • Asking tenants to spend the night

    • 2012-12-14
    • Steve Kilar, baltimoresun.com

    "The 520,000 square foot, 34 story structure will be converted to 445 for-lease residences," according to Metropolitan Partnership Ltd., the Reston, Va., development firm that purchased the building in November for $6 million.

    Ten Light was completed in 1929, and last sold in 2002 for $5.3 million to the Nellis Corp. That company, based in Rockvi


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  • The dark side of charisma

    • 2012-12-14
    • Dr Tomas Chamorro-Premuzic, professor of business psychology at University College London

    However, the short-term benefits of charisma are often neutralized by its long-term consequences. There are big reasons to resist charisma:

    Charisma dilutes judgment. There are only three ways to influence others: force, reason, or charm. Whereas force and reason are rational, (even when we are "forced" to do something, we obey for a good reason)


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  • World's pollution rises 3 percent

    • 2012-12-14
    • Seth Borenstein, The Associated Press

    The overwhelming majority of the increase was from China, the world's biggest carbon-dioxide polluter. Of the planet's top 10 polluters, the U.S. and Germany were the only countries that reduced their carbon-dioxide emissions.

    Last year, all the world's nations combined pumped nearly 38.2 billion tons of carbon dioxide into the air from the burni


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  • Expert: more people becoming workaholics

    • 2012-12-14
    • Gina Gaston

    Eda Kalkay had everything she needed to walk down the aisle. But she is such a "workaholic" that she worked on her wedding day and then tried to tuck her smart phone into her dress so she didn't miss a call or email!

    "My wedding planner removed it. I'm glad he did, but I probably would have been more secure with it with me," Kalkay said.

    Kalka


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  • How green is that building?

    • 2012-12-14
    • J.K. Dineen, SF Business Times

    Ecologically-sustainable building practices -"green labels"-will now be included on official land records maintained by the city, according to Assessor-Recorder Phil Ting and Department of Environment Director Melanie Nutter. That means that along with information on square footage and assessment and complaints about things like bed bugs and rat in


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  • Don't worry, be happy

    • 2012-12-14
    • PEGGY SHAW

    "We think that an improving single-family market is a good thing for the apartment markets and the economy as a whole," Camden Property Trust CEO Ric Campo said at the beginning of November.

    "Single-family and multifamily markets have done well at the same time during many economic cycles," said Campo, who 30 years ago co-founded the company that


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  • In it to win it

    • 2012-12-14
    • Ernest F. Oriente, the coach

    Setting objectives
    For any type of employee incentive program, your property management team must feel the goals are attainable and realistic. An incentive program should also fit into your company's overall business strategy and be easy to measure. Using targets such as revenue growth, occupancy, resident retention and NOI, are some of the ways


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  • Multifamily REITs look beyond primary markets

    • 2012-12-14
    • Mark Heschmeyer, costar.com

    When deciding whether to let their money ride on Washington, D.C., or Baltimore, Md., Home Properties is going with Baltimore.

    When deciding whether job growth will be stronger in larger or smaller markets, Mid-America Apartment Communities is seeing the secondary markets doing better.

    And in the New York City Metro Statistical Area (MSA), Av


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  • Cranes on the horizon

    • 2012-12-14
    • Randyl Drummer

    In more evidence that the single-family housing recovery is strengthening, U.S. builders in October started construction on the most homes and apartments since July 2008, according to Commerce Department numbers. Apartment construction, more volatile from month to month, than single-family building, rose 10 percent in October, to an annual rate of


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  • Construction heat map: where next?

    • 2012-12-14
    • Robbie Whelan, Wall Street Journal

    But if the Census numbers are any guide, most of these new households-students graduating from college, adult children moving out of their parents' basements, singles moving into new homes as they get married-will move into rental apartments or condos rather than detached single-family homes.

    Although construction of both homes and apartments is


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  • Which best practice is ruining your business?

    • 2012-12-14
    • Freek Vermeulen, Associate professor of Strategic & International Mgmt. at the London Business School

    Why not print it on smaller paper? Newspaper companies, en masse, assumed that "customers would not want it;" "quality newspapers are broadsheet."

    When finally, in 2004, the U.K.'s Independent switched to the denounced tabloid size, it saw its circulation surge. Other newspapers in the UK and other countries followed suit, boosting their circulat


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  • All roads lead to the beach

    • 2012-12-14

    The award-winning architecture of the buildings in Alys Beach has its roots in the master planning of new urbanism pioneer Duany Plater-Zyberk & Company (DPZ). Designed for walkability, interaction and environmental-efficiency, the roads and paths of this 158-acre luxury-lifestyle community do lead to the white sand beaches, and azure waters of the


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  • How to create an innovation ecosystem

    • 2012-12-14
    • Art Markman, PhD, Professor of Psychology and Marketing at the University of Texas at Austin

    There is less focus on the kinds of structures that promote a culture of innovation.

    At the IC2 Institute at the University of Texas, we have been exploring the ecosystem of innovation using the Austin Technology Incubator (ATI) as a model. While traditional incubators focus on providing inexpensive space and business advice for new companies, AT


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  • The Closer

    • 2012-12-14
    • Derek Olson, Columnist with the Minnesota Daily

    The tax code is set to change at year's end, giving us a chance to see just how fair taxes are.

    If you're planning on dying soon, you might want to hurry up. It's that other certainty of life you'll want to watch out for. The estate tax, which taxes the inheritance you pass on to your children, is about to increase dramatically.

    Presently, ther


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