KWM, Kennedy Wilson Multifamily just finished acquiring a Seattle and San Jose prpoerty and totalled acquisitions of $425 million in the last 60 days.

KW Multifamily bought the Mill at Mill Creek, a 516-unit rental community located in Mill Creek, WA is noted as a great location but was poorly performing. So they’ll bring in a quality property management team to improve its position. The buying goes on and on…from Seattle to Southern California.

They now have over a billion dollar portfolio of more than seven thousand units on the west coast. Their financial position is to wait for downturns in the market as we are now in then purchase underperforming assets. They bring in a solid property management company and reposition the property then sell off. All the while using heavily leveraged financing to float the transactions. They have expressed little interest in South Florida and Fort Lauderdale property management as they claim to stick to what they know out west.

A company called RoofLifters does just that, it actually lifts the roof off of places and inputs a new one all the while increasing the space and square footage to accomadate the new building. This innovative technique can revujenate an older commercial building. It is a unique option for property owners and is conceivably looked upon as a very progressive version of property management. In the sense that you are taking a piece of property that is stagnant and utilized the most valuable asset you have the land.

In Ohio and surrounding areas, the local Carperenters Association is upset that some general contractors and property management companies aren’t paying carpenters the standard $22.50 per hour aldong with health coverage and pension. Well the Union decideced to picket these organizations. It’s just that they didn’t do the picketing themselves they actually hired over a 150 nonunion homeless and jobless to do it for them. We just thought this was too funny a story to not post and it’s a good thing we don’t have this problem with Fort Lauderdale Property Management Companies.

Condo.com is the largest online place for all things condo. The online directory has just joined forces with Condohotels.com to create the world’s largest and most comprehensive condo hotel market. Visitors can buy, rent, sell and register condo hotel units all over the world. Combined they will have a huge control over the massive sector.

Condo hotels are somewhat of a new investment for people they allow the opportunity to actually own the condo while still having it properly managed by a professional property management company and obtain some rental income. The hassle free vacation ownership also provides for an equity position and capital increases. They are particulary popular in Las Vegas, Orlando, Miami and Fort Lauderdale. You have the ammentities of a five star hotel and retain the option to rent the condo through a property management company.

This is a rather interesting merger of a Florida property management company and a asset manager. Fortress Investment Group has just merged with Florida East Coast Industries. Fortress is a global alternative asset management firm with $36 billion in assets. FEC owns commercial real estate, rail roads, construction and property management companies. They have offices all over the southeast and this should prove to be a unique merger with benefits for both organizations. RepublicPM Property Management Ft Lauderdale

Are you thinking of a job in the property management sector?

Here is an idea of an ad for hiring a property manager in South Florida. It sounds like a rather nice opportunity to gain experience in the property management field.

Expanding industrial company has a need for a Property Manager. Ideally, we’re looking for someone with 3 - 5 years of commercial property management experience. You will be based in a regional office in South Florida. The company is going to be a Ft. Lauderdale property management company while servicing properties in Dania, Pompano Beach and Hollywood. Salary range is $50 - $60K with 25% cash bonus ($12,000 plus) and 10% equity bonus potential. Excellent benefits package!

Well, this is pretty interesting and we just wanted to give you an idea of what is out there. There are some wonderful property management opportunities out there but you must find them. RepublicPM

So who does property management for the government? Well, it began in 1949 when the GSA was formed as a procurement and property management agency for the federal government. And today the GSA manages more than a quarter of the government’s total procurement dollars and controls the management of $500 billion in federal assets.  Including over 8K government owned or leased buildings and 170K automobiles.  This massive organization also preserves a number of historic landmarks. RepublicPM  Ft. Lauderdale Property Management

“Have you been to Miami lately? It’s like we have a new state bird: the building crane.” Florida Governor Charlie Crist said at a builder’s conference in Orlando. He was speaking of the constant building boom still taking place in Florida amidst the housing decline. RepublicPM Property Management Ft Lauderdale

37 high-rise condos and twenty thousand units are being built in downtown Miami where new sales have fallen fifty percent since May. And there are already over twenty three thousand existing condos for sale in Dade county. This making the entire market difficult for realtors, mortgage brokers and property management Miami Florida.  Republicpm

Here is some recent information reported from Whitney Holding Corp. a conglomerate with a number of financial holding corporations.  It is an interesting observation of the general decline in the
South Florida real estate market and the effects on markets such as Ft Lauderdale property management, realtors, mortgage brokers.

Loans at the end of Q2 of 2007 were up 7% compared to 2006. The majority of the loan growth between these periods was supported by market conditions in Texas, Alabama and Louisiana markets outside of downtown New Orleans. At June 30, 2007, loans had grown to over $1 billion.  A decline of approximately $100 million in loans from Florida was not unanticipated in lieu of market conditions that are holding back the growth of new real estate financing in Florida.  So even as other areas are starting to see some growth the Florida real estate market is lagging. RepublicPM  Property Management Fort Lauderdale