• Good-bye Archstone, hello mega-REITs

    • 2013-02-11
    • WENDY BROFFMAN

    Underperformance of apartment REIT shares was a major impetus behind the defunct investment bank's decision to sell Archstone in a private sale to competitors Equity Residential (EQR) and AvalonBay (AVB) rather than in a previously planned public IPO that would have been the largest ever for a U.S. commercial REIT and the largest IPO since Facebook


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  • MHP Reflections

    • 2013-02-11
    • Linda Hoffman, Publisher

    Who informs your decisions?

    Family and friends? Business associates? The Kardashians?

    Who is your voice of reason?

    After viewing the video and examining the DNA according to CSI protocol, it appears that those closely-held beliefs that we call truth may be a subconscious nod to our environment. At least that's what studies indicate in,


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  • The future of energy management in commercial buildings

    • 2013-02-11
    • Michael Murray, Lucid; Val Jensen, ComEd; Cameron Brooks, Tolerable Planet Enterprises; Cliff Majersik, Institute for Market Transformation; Sam Brooks, D.C. Dept of General Services

    2012 was a momentous year for commercial energy efficiency : despite a slow-growth economy, the number of buildings registering for U.S. Green Building Council's LEED for Existing Buildings rating system skyrocketed; energy disclosure laws became mandatory for thousands of properties in major U.S. cities; electricity and gas utilities committed to


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  • Don't anesthetize your colleagues with bad writing

    • 2013-02-11
    • Bryan A. Garner

    The most engaging communicators avoid trite expressions, whether in conversation or in writing. They use strong, simple words. Think of Winston Churchill's famous phrase blood, toil, tears, and sweat. And remember what George Washington said when questioned about the fallen cherry tree: not "It was accomplished by utilizing a small, sharp-edged imp


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  • Bullish to balanced

    • 2013-02-11
    • WENDY BROFFMAN

    Demand for apartments still outpaces supply, vacancies are at their lowest point in years, rents continue to rise faster than inflation and apartments remain the investor-favored property type in today's low-interest-rate environment, all leading to another strong landlord's market for the industry in 2012. And, with the temporary reinstatement of


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  • Morgan on the move

    • 2013-02-11
    • PEGGY SHAW

    "This is a unique time to invest in the multifamily sector. The wind is at our back. We are above 95 percent occupied across our portfolio and we are seeing tremendous growth," said Morgan, director of acquisitions for Morgan Properties, which owns and operates a portfolio of more than 30,000 units in the Northeast and Mid-Atlantic.

    "Morgan Prope


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  • Putting your best pitch forward in a society of salespeople

    • 2013-02-11
    • A consortium of writers from Wharton School of Business at the University of Pennsylvania

    So when Pink, bestselling author of Drive and A Whole New Mind, ran across statistics showing that one in nine Americans worked in sales in 2000 and that the same proportion of people worked in the profession last year, it piqued his curiosity.

    "You would have thought that the Internet would have disintermediated sales," said Pink. "Doesn't the w


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  • Obama picks former prosecutor to head SEC

    • 2013-02-11
    • Marcy Gordon and Julie Pace, Associated Press

    Mary Jo White, former U.S. attorney in Manhattan, has an extensive record of prosecuting white-collar crime, won convictions in the 1993 World Trade Center bombing and the 1998 terrorist attacks on two U.S. embassies in Africa, and put crime boss John Gotti away.

    If confirmed, she will enforce complicated regulations written in response to


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  • Stop listening to your residents

    • 2013-02-11
    • Steve Martin, Harvard Business Review

    But regardless of how you go about asking the question, you need to recognize that there is a fundamental problem with asking people what will persuade them to change: Most of the time they won't know the answer.

    It's not that they won't give an answer. They'll often provide plenty. It's just that the answers they provide will have a high likelih


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  • Multihousing has recovered 70% with outlook strong: NAHB

    • 2013-02-11
    • Elizabeth Ecker, Senior Housing News; Dawn Wotapka, wsj.com

    The market for multifamily housing has recovered "substantially" since 2010 and is around 70 percent of the way back to a sustainable level, NAHB said.

    "Last year was a banner year for the multifamily market, and our baseline forecast calls for further steady growth in the rate of multifamily production," said NAHB Chief Economist David Crowe. "W


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  • Being invisible

    • 2013-02-11
    • Leon F. Seltzer, Ph.D.

    But though it might seem intuitive that people would be more than willing to give what they'd greatly appreciate getting themselves, this typically isn't the case.

    Assuming that you're like the majority of us, wishing (maybe even yearning) to be explicitly recognized for what you do relates to the fact that validation from others just feels good.


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  • The Michaels Organization changes lives in Baltimore

    • 2013-02-11

    The newly -constructed rental community spans 76 units of affordable housing. Built by Bozzuto Construction Company, the new townhouse community will house low- and moderate-income families, as well as individuals with disabilities.

    "The unwavering support of the city and the state, as well as residents, community groups, and local businesses, is


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  • The automation pay-off

    • 2013-02-11
    • Lauryn Schimmel

    Technology means tasks are completed faster, redundant processes are reduced to a click, and we're empowered to do things we never imagined. Robots fly, collect information on distant planets, reveal our bank balance, even clean our carpets.

    As Kevin Kelly states in his recent Wired magazine article: "this is not a race against the machines. This


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  • Gallup on the ropes

    • 2013-02-11
    • NPR

    But lately, Gallup's name has been tarnished by a whistle-blower lawsuit and a suspension from winning federal contracts.

    Gallup's roots stretch back to 1922, when its founder, George Gallup, was a college junior. He got a summer job interviewing people in St. Louis.

    "My assignment was to find out by going house to house-what


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  • It's a mod, mod world

    • 2013-02-11
    • Al Barbarino

    Two years ago, Bruce Ratner sought to ease a shrinking budget and appease swarms of critics who lambasted the original rendering for a residential tower at Atlantic Yards in Brooklyn as a "Lego-like" atrocity.

    Like a frustrated schoolboy, he punted the plans to erect a set of oddly arranged giant blocks, shoving designer Frank Gehry aside and bri


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  • Beware of comfort dog

    • 2013-02-11
    • Carl E. Feather, Star Beacon

    Attorney Tarin S. Hale calls it extortion.

    In October, an elderly Ohio landlord was ordered to pay $22,000 in damages for alleged housing discrimination practices at a rental she owns. Hale then received a bill for $46,225 in attorney fees that his client will have to pay the Ohio Attorney General's Office. And the agency that brought the action


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  • Warren Buffett steps into multifamily

    • 2013-02-11
    • Tim Trainor, Costar

    Given investors' exceptionally strong interest in apartments, it was only a matter of time before that interest extended to brokerage firms that specialize in bringing buyers and sellers of apartment properties together, and perhaps providing them with financing at the same time.

    In a deal that closed on the last day of 2012, Berkadia Commercial


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  • The Closer

    • 2013-02-11

    Can a state agency legally mandate landlords to participate in a federal program?

    Maryland's HOME Act is legislation that would prohibit landlords and other property owners from declining Section 8 vouchers, deeming it discrimination based on "source of income." While proponents believe the Act will eliminate high concentrations of poverty by for


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