ARCHSTONE HAS BEEN around long enough to know the basic rule of multifamily arithmetic: jobs minus housing equals a fantastic development opportunity.
Looking for a Home
DOMESTIC INVESTORS CONTINUE to be largely out of luck these days.
The Long Road Back
NEW ORLEANS— A few bare walls and broken doors separate Mike Miller from the unknown.
Gulf Coast Revival
NEW ORLEANS— Five years after Hurricane Katrina, Providence Community Housing has emerged as one of the most active affordable housing developers in the Gulf Coast.
Trammell Crow Exits Development
AS VENERABLE BUILDER Trammell Crow Residential (TCR) hunkered down through one of the worst recessions the apartment development industry has ever seen, CEO Charlie Brindell outlined a plan last winter to revive and refocus the company, which had seen its
Jacks of All Trades
OVER THE PAST FEW YEARS, many multifamily CFOs added a new, albeit unfortunate, bullet point to their resumes: “loan workout specialist.” Some could probably also add: “crisis management expert.
Multifamily Developers Make Moves to Round Out Their Business Models
Throughout the recession, many multifamily builders diversified to survive, positioning themselves for long-term stability.
Discouraged Equity Investors Turn to Development Opportunities
Since the volume of acquisition opportunities never materialized as many investors had hoped, all of that pent-up equity on the sidelines is beginning to view new construction as a more attractive option.
Breaking Ground: Labor Prices Help New Construction Deals Pencil Out
While construction debt is much more limited now, construction costs have come down so much that deals are penciling out again.
Home to many financial companies, Wilmington has been hit particularly hard by the recession. But local architects aren't completely without hope.