Multi-Housing News - October 2009 - (Page 6)

executive insight Obtain Financing Now Richard Baron is chairman and CEO of McCormack Baron Salazar (MBS) in St. Louis. The firm specializes in developing and managing mixed-income communities with an emphasis on large-scale redevelopment projects in central city locations. Since its founding in 1973, it has developed 124 projects in 33 cities with development costs in excess of $1.8 billion, including more than 13,895 residential units and one million square feet of commercial space. The firm’s management portfolio includes 14,970 residential units. Early projects focused on small, single sites and on mixed-income rental housing. Aiming for greater impact on disadvantaged neighborhoods, Q&A McCormack Baron began to develop multi-block areas, with a mixture of rental and single-family housing. The firm’s mixed-income developments began to demonstrate that with the re-emergence of a healthy housing market, entire communities experienced positive growth and new investment. In recent years, MBS has expanded its vision and scope of work, creating long-term partnerships with local governments, key institutions, and employers. The goal is to create lasting impact throughout a large area of the inner city, and link neighborhoods to the downtown core and major employment areas. MHN’s News Editor Anuradha Kher talks to Baron about his firm’s strategies during the economic storm and how the firm was able to obtain funding for some of its current projects, as well as the progress of rebuilding New Orleans in the wake of Hurricane Katrina. How is McCormack Baron Salazar dealing with the downturn? We continue to move on projects. It’s a mixed situation depending on where we are in a particular market. We continue to hope that state housing finance agencies find funding from the stimulus money and remain interested in the redevelopment of cities so that we can continue our work. Richard Baron on how McCormack Baron Salazar has obtained development funds Elevating property management to a new level of intensity Kaplan Management Company is now accepting fee management assignments 6363 Woodway Dr, Suite 300 Houston, TX 77057 (713) 977-5699 Contact Michael Kaplan or Geoff Simpson at Kaplan@KapCorp.com over 31 years of property management experience

Table of Contents for the Digital Edition of Multi-Housing News - October 2009

Multi-Housing News - October 2009
Contents
From the Editor
Executive Insight
News
Market Pulse
Finance: The Future of the GSEs
Investment: Transactions
Market Report: Midwest
Property Management
Development: Adaptive Reuse
Products
Technology

Multi-Housing News - October 2009