Apartment City

The Howard Hughes Corporation (NYSE:HHC) Q2 2017 Earnings Conference Call August 8, 2017, 10:00 AM ET Executives David Striph - Executive Vice President , Investor Relations David Weinreb - Chief Executive Officer Grant Herlitz - President David O’Reilly - Chief Financial Officer Peter Riley - General Counsel Analysts Alexander Goldfarb - Sandler O’Neill Robert Majek - CJS Securities Will Randall - Citigroup Waheed Khorsand - BWS Financial Alex Barron - Housing Research Center Steve Shaw - Compass Point Operator Good morning. And welcome to The Howard Hughes Corporation Second Quarter 2017 Earnings Conference Call . All participants will be in a listen-only mode. [ Operator Instructions ] After today’s presentation, there will be an opportunity to ask questions. [ Operator Instructions ] Please note, this event is being recorded. I would now like to turn the conference over to David Striph, Executive Vice President , Investor Relations . Please go ahead. David Striph Good morning. A...

chief investment officer , Allied Orion; Stacy Hunt, executive director, Greystar; Jenifer Paneral, regional vice president , Pinnacle; John Hammond, CEO, Riverway Title." /> From left to right: Gary Goodman, SVP of acquisitions, Passco Cos.; Ricardo Rivas, chief investment officer , Allied Orion; Stacy Hunt, executive director, Greystar; Jenifer Paneral, regional vice president , Pinnacle; John Hammond, CEO, Riverway Title. HOUSTON — While it’s not an ideal time to be a multifamily property owner in Houston, it is a good time to be working on behalf of one. With their clients sitting on excess supply, apartment locators — middlemen who match tenant preferences to properties — are being increasingly called upon to deliver tenants. Locators work on commission, typically earning about 20 percent of the first month’s rent for their services. But in Houston’s soft market, that figure is rapidly rising. Ricardo Rivas, chief investment officer at Allied Orion Group and one of sev...

CHAMPAIGN - When brothers Jeff, Steve and Mike Hartman went into the real estate development and management business together, they combined more than the initials of their first names. They also merged everything their father taught them about the construction business and all their mother taught them about family loyalty in their three enterprises, JSM Apartments, JSM Development and JSM Management. Under the JSM umbrella, the Hartmans now own and manage 700 apartments and 114,000 square feet of commercial space in Champaign-Urbana, including the new Technology Plaza apartment/retail/office complex in Campustown. And they have more developments on the way. Already started are a new apartment/retail complex on Gregory Street in Urbana, near the Krannert Center for the Performing Arts, and a new retail center on South Neil Street in Champaign, where Hillcrest Lumber used to be. The Hartmans say they work well together in business, running things jointly and never undertakin...

At the five-unit condo at 3525 14th St. NW, a new development by Congressional Properties, units are priced from $599,900 to $649,900. (Benjamin C Tankersley/For The Washington Post) Home buyers always hope to purchase at the right moment in the housing market and in the right location, preferably one where new development will add value. Condominiums have been rising for years on streets near the Columbia Heights Metro station and the Georgia Avenue- Petworth Metro station , yet developers always seem to find new locations to squeeze in more. The five-unit condo at 3525 14th St. NW, a new development by Congressional Properties, was a small retail business on the ground floor with an apartment above, says Brian Athey, founder and president of Congressional Properties in Washington. “We like that location a lot because you can walk to Metro very easily and get to restaurants and shops, but the immediate area along 14th Street is still changing pretty quickly ,” Athey says. “We fee...