A view from the summit
The problems facing commercial real estate CEOs at the dawn of 2003 are daunting. To begin with, job growth the engine that drives the industry is sputtering....
Better than New?
In the 1970s, apartment developers built projects as fast as they could to cater to the baby boomers just graduating from college. Many of these complexes...
Equity ResidentialNames New CEO
Equity Residential, the largest apartment REIT in the nation, has promoted its president to chief executive officer. Bruce Duncan, who joined Equity Residential...
Forecast 2003
As 2002 limps across the finish line, the men and women who run the commercial real estate industry are looking to the Middle East for hints of what 2003...
Apartments: Recovery After the Storm
Call it the Perfect Storm excess supply collides with weak demand, growing unemployment and low interest rates that turn renters into homeowners. Still,...
Praedium Group buys Brooklyn Heights multifamily portfolio
Five contiguous apartment buildings in Brooklyn Heights, N.Y., now belong to real estate investment firm Praedium Group LLC. The firm paid Prudential...
Post cuts 2003 dividends, and analysts expect more to follow
Post Properties, the nation’s eighth-largest apartment REIT, announced yesterday that it will cut its quarterly dividend for the first quarter of 2003...
Fewer Renters, More Concessions
Four months free rent, free washers and dryers, free health club memberships and waived application fees. These are just some of the lures that owners...
Archstone/Smith plans 221-unit apartment development in Maryland
McLean, Va.-based REIT Archstone/Smith has broken ground on Rockville Town Center, a $19.5 million 221-unit apartment development in Rockville, Md. The...
After The Boom: A Slump in Seniors Housing
It's not exactly the bursting of the dot-com bubble, but the seniors housing business is suffering from the excesses of the 1990s. Fueled by an influx...
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