Voices

Chris Wood

Chris Wood is a freelance writer and former editor for Hanley Wood publications ProSales and Multifamily Executive.

Chris Wood's Posts

The 5 Hottest Markets for 2011 Apartment Development The 5 Hottest Markets for 2011 Apartment Development

According to the Washington, D.C.-based National Association of Home Builders, multifamily housing starts are poised to increase to 133,000 units this year, a nearly 50 percent increase over 2010 numbers. While the activity is still far below traditional apartment construction volume, it nevertheless is further evidence that multifamily builders, provided they can score adequate financing, are ready to take advantage of the supply/demand imbalance and enter the promised land of rising rents and revenue. Read more

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Megacommunities Continue to Attract, Stymie Apartment Owners and Developers Megacommunities Continue to Attract, Stymie Apartment Owners and Developers

Multifamily apartment owners and developers weigh placemaking and economies of scale against the increasingly complex operations and vocal opposition to the creation of megacommunities. Read more

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Groundbreaking Ideas: Multifamily Returns to Development Groundbreaking Ideas: Multifamily Returns to Development

Citing low labor and material costs, recovering fundamentals, and a dire lack of competitive market supply, the progressive multifamily mindset says construction starts now. Read more

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Construction Lending, Refinancing Opportunities Still Challenging for Multifamily

Over the past decade, Atlanta-based Wood Partners has built about 3,500 apartment and condo units per year, according to company managing partner Jerry Durkin. In 2009, the company closed on a single development deal—in December. “Lack of debt and equity is crippling the private companies’ ability to start new development,” Durkin told attendees at the International Builders’ Show in Las Vegas this week. Read more

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Spanos Fallout: IBS Panel Says Expect More, Not Less Fair Housing Suits

Despite a landmark fair housing settlement between the National Fair Housing Alliance and the A.G. Spanos Cos. announced earlier this month, the pace of fair housing lawsuits levied against multifamily developers is likely to continue unabated, said a panel of experts at the International Builder Show (IBS) in Las Vegas earlier this week. Read more

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