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The man likely responsible for developing more multifamily housing than anyone else in the country is retiring. Ron Terwilliger, who estimates that he has built nearly 250,000 units of housing during his 30-year-plus career, will step down as chairman of Dallas-based Trammell Crow Residential (TCR)...
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Last year was a bad one for multifamily builders, and 2009 will likely be worse.
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More renters than ever are shunning home ownership and staying in their apartments.
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In Volusia County, Fla., a developer of a 500-square-foot studio apartment pays the same in school impact fees as the developer of a 5,000-square-foot unit. Hardly seems fair, does it?
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With the residential housing market in a dismal state, many developers are considering converting their lots or selling them for some other use.
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By 2011, starts could fall to around 125,000 units—numbers not seen since 1993.
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Land transactions total just $7.1 billion through August, according to Real Capital Analytics.
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Bair says she does not plan to ask Treasury for additional funds.
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Lawrence Summers, FDIC Chairman Sheila Bair, and others debate bailout at Washington gathering.
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Mortgage giants reportedly back more than 90 percent of multifamily loans today.