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Greystone has provided a $37. 4 million HUD loan for The Verandas Apartment Homes in West Covina, Calif., Commercial Observer can first report. The refinance will allow owner Legacy Partners to complete interior and exterior property renovations . Lori DiMartino , a vice president at Greystone, originated the loan. “Legacy’s ability to finance renovation funds based on future rents is one of the true benefits of this HUD refinance product , aside from the advantages of a low fixed-rate, nonrecourse and 35-year term,” DiMartino said in prepared remarks. The Verandas is a 209- unit multifamily community , owned by Legacy Partners since 2007. The property’s clubhouse, pool, barbeque area and dog park will all be upgraded as part of the renovations. “We are thrilled to have refinanced this property, as the rehabilitation and resident experience is a top priority for us,” said Tim O’Brien , a senior managing director at Legacy Partners . “We are happy to have secured long-term, low-r...

SEATTLE - Fire crews rushed to the scene of a 3-alarm fire at an apartment complex in Seattle's Northgate neighborhood Saturday afternoon . The Park Meridian Apartment complex , a three- story apartment building , is at 113th Street and Meridian Avenue North . Firefighters arrived on scene just after 3:30 p.m. and immediately upgraded the fire to a two-alarm blaze. Shortly after, the blaze was upgraded to three alarms. At least 13 engines and nine ladder trucks were called in, in addition to multiple fire crews . The fire has been extinguished, firefighters say. Authorities do not believe anyone was inside the complex at the time of the fire. Crews battled the blaze from the outside due to the possibility of collapse. Surrounding streets were closed off to traffic as crews doused the flames. The three- story building has 60 units in it with about 20 units per floor, the Seattle Fire Department said. Fire authorities helped several families from the building. Some residents say...

Creating a hotel is a lot like making a Hollywood film—at least that’s what Edward Walson thinks . The successful Hollywood producer used his knack for filmmaking—determining location, defining an experience, and paying attention to detail—to build and open the Royal Blues Hotel in Deerfield, Florida in 2014. And like creating a great movie, collaboration is key, which led Walson to ask close pal Woody Allen for help in sorting out some final details for his property. While Allen and his projects are constantly making headlines —he is currently working on a six- episode television series for Amazon with Miley Cyrus entitled Crisis in Six Scenes ; his 1950s film Wonder Wheel, with Kate Winslet and Justin Timberlake, is set to be released in December; and, perhaps most surprisingly of all, he just cast Selena Gomez in his next film—his minor involvement in the hospitality industry has never really been discussed. “We met 12 years ago at a cocktail party and became friends,” Walson...

Three swastikas were found on Belle Avenue in Lakewood Aug. 16, according to an incident report, news release and multiple witnesses.  Lakewood resident Joshua McLaughlin posted a photo on Facebook of two spray-painted swastikas on a neighbor’s driveway at 1246 Belle Ave., which he said he saw while on a run around 6 a.m. He said the homeowners called the police, who are investigating it. According to a Lakewood police news release , police also are investigating a broken window on the victim’s car that occurred the night of Aug. 14-15.  +2  A close-up image of a backward swastika at 1246 Belle Avenue in Lakewood. Photo / Lakewood police A third swastika was found on the street in front of 1257 Belle Ave. in a follow-up investigation, according to the news release.  “I was very pissed, I mean not only for what it represents, but you know, it’s just ridiculous that you would see that anywhere now, especially with what happened last weekend with Charlottesville,” McLaughli...

TUCSON, AZ (Tucson News Now) - Cleanup is underway at an east- side Tucson apartment complex severely damaged by a monsoon storm. No one was injured at the Woodridge Apartments , 8225 E. Speedway Boulevard, when at least five trees came crashing down late Thursday afternoon , Aug. 10. Blue Johnson, owner of Arizona Arbor, said it will take about a week to chop up all the downed trees and remove them. "It's the biggest (destruction) I've ever seen here locally. I've been cutting for 25 years. Damage-wise, it's just phenomenal. Every roof has got a hole in it," Johnson said, talking about at least two buildings crushed under the weight of the Eucalyptus trees that fell in the storm. It was likely a microburst that did the most damage. According to Julian Herrera with the Tucson Fire Department , the first call about downed trees at the complex was reported at 4:11 p.m. Firefighters rescued two people who were trapped inside their apartments, and helped remove ...

Matt Boys recently bought a dilapidated triplex near Charles and Snelling avenues in St. Paul with the goal of leasing out one apartment the traditional way and listing two others through the short- term rental platform Airbnb . Given the ongoing construction of a Major League Soccer stadium down the street, the Airbnb opportunity justified the $40,000 renovation, said Boys, noting he might not have taken the chance otherwise. Likewise, not all the apartments at the Lowry Building on downtown St. Paul’s Wabasha Street are available for lease year-round or even month-to-month. Building owner Madison Equities rents out at least seven units through Airbnb, and a handful of year-round tenants have taken to doing the same. As a result, visitors to downtown St. Paul can spend a night or two at the Lowry relaxing in a more residential setting than the typical hotel. But soon both properties may be out of step with the law in St. Paul. On Friday, the St. Paul Planning Commission voted 11...

Throughout her 81 years, Joan Rivers made no secret of the fact that she appreciated the finer things in life, and it turns out this extended to her home, as you can tell from these photos of her lavish New York apartment. With a quick glance at some of the photos, it’s obvious that the overall theme when it came to Joan’s attitude to interior decorating was “luxury”, with gold plating, velvet seats, crystal chandeliers and marble statues as far as the eye can see. Joan Rivers ' New York home Besides her expensive tastes, Joan’s family-oriented nature also shines through in the photos, with one of them showing a grand piano covered in photographs of her loved ones. A grand piano in Joan's luxury apartment It also becomes apparent just how seriously Joan took her comedy. Rooms in her home were covered in files labelled “jokes to mark”, while piles of flashcards can also be seen bearing headings such as “drunk” and “young men/old women”, as reported by The Mirror. Take A Look I...

Churchwoods apartment complex in Charlestown holds applicant lottery | The Westerly Sun TOWNS QUICK LINKS SERVICES

NEW YORK CITY — Marcus & Millichap has brokered the $ 15 million sale of The Jefferson-MacDonough Collection, a multifamily portfolio with 53 rent-stabilized units, located in Brooklyn. The portfolio consists of five multifamily apartment buildings located in the Bedford-Stuyvesant area, at 39 and 44 MacDonough Street between Marcy Avenue and Tompkins Avenue. Shaun Riney and Daniel Greenblatt of Marcus & Millichap’s Brooklyn office along with Peter Von Der Ahe and Joseph Koicim of Marcus & Millichap’s Manhattan office had the exclusive listing to market the property on behalf of the seller, a private investor. The team also secured the buyer, a developer. Tagged more_sales_and_leases

The latest in viral cute overload , one man built his French Bulldog a mini-mansion under the stairs and Twitter went bananas for it. On Friday, a man by the name of Al (@Al_Chris16) tweeted that his brother built a separate room in his house for the dog, and the interwebs just could not with how adorable the DIY project turned out. Even hip-hop stars from around the world went all mush for the cleverly designed small - space canine hack . My husband tipped me off to the "Hairy Pawter" style under-the- stairs puppy lair , who saw it retweeted by one of the singers (and crazy dog dads ) of Ireland's Rubberbandits — just one of the nearly half a million people who've since showed their love on social media for the project. My brother built his dog a separate room in his house ! pic.twitter.com/ayjaEGBzf8 — Al (@Al_Chris16) August 18, 2017 Ever since space- maximizing tiny home building shows became a thing, more and more people are realizing that even in their ...

California real estate investment firm rebrands and repositions 1960s- era apartment community with modern amenities and boutique hotel feel, increasing value by 89% Calvera Partners , a California- based private real estate investment firm , today sold pksl (pronounced “pixel”), a 37-unit apartment building located at 1090 Sunnyvale Saratoga Rd. in Sunnyvale, CA, for $15.7 million ($424,000 per unit), an 89% increase over the building’s acquisition price of $8.325 million in January 2014. Home base to the original tech darlings Atari , AMD and Yahoo, the pksl project was the transformation of a 1960s- era apartment complex , formerly known as Crestview Terrace. With a mission to reposition underperforming properties with creative and authentic brands, high value tenant amenities , and modern design, pksl underwent a major transformation. “This community underwent the most significant physical change of any property we’ve owned,” said David Saxe, managing principal at Calver...

HUMBLE, TX — A Spring man who rescued an abandoned infant left in an open field in northwest Houston , was honored by Harris County Sheriff Ed Gonzalez Wednesday night at the Harris County Sheriff 's Training Academy in Humble. Albert Peterson was leaving for work at about 5 a.m. on Aug. 10, when he heard a baby crying. At first, Peterson, who lives at the Bridges of Cypress Creek apartments at Red Oak Drive and Interstate 45, thought the noise was a toy, or an animal, and he followed the sound and found an infant, crying and covered in bugs and dirt. RELATED: Bug Covered Newborn Found Naked In Grassy North Houston Field He picked up the baby, who was just a few hours old, and carried her back to his apartment and called police. While they waited, Peterson and his wife cleaned the baby up, wrapped her in a sheet and fed her milk, until police arrived. It was this action that likely saved the baby’s life, KPRC reported. Gonzalez said it was only right to recognize Peterson and ...

On 3 April 1940, the day before those astonishing messages to Norway and Sweden, several important Government changes were announced. Lord Chatfield was dropped from the War Cabinet, and Sir Samuel Hoare exchanged places with Sir Kingsley Wood — the former thus becoming Secretary for Air and the latter moving to the more or less non-Departmental post of Lord Privy Seal . A newcomer, Lord Woolton, became Minister of Food: an office which he would occupy with much popularity for a long time. The most important innovation was the appointment of Winston Churchill to chairmanship of a body sometimes called the Military Co-ordination Committee but (to the confusion of the historian) occasionally designated War Co-ordination Committee, or even by other titles. The Prime Minister was very pleased: The changes I have made are the final results of long cogitation and frequent consultation with others. I am satisfied that they are all likely to be improvements and moreover have succeeded in ca...

INDIANAPOLIS (WISH) – The SWAT situation on the city’s west side has eneded. The situation happened Tuesday morning in the 3100 block of Lafayette Road at the Pangea Cedars Apartments . According to the Indianapolis Metropolitan Police Department , a man was armed inside a residence. Around 4 a.m. officials were called to the apartment complex for a domestic call on reports that a man had strangled his girlfriend and hit her over the head. The man then refused to leave the home. SWAT officials arrived at around 7 a.m. and had been staged outside the apartment since. SWAT eventually made entry into the residence, but were unable to locate the suspect.  However, police are still hoping to speak with Marcus Ford, a 30-year-old black male. The girlfriend of the man is no longer in the home. Share this: Like this: Like Loading... Related Posts Advertisement

FARMINGTON HILLS, Mich. - Residents of an apartment complex in Farmington Hills were forced to evacuate their homes Monday night because of raw sewage in the rooms. Carpet cleaners and restoration crews spent Tuesday hauling out flooring and debris at the Cedar Ridge Apartments near Grand River Avenue and Middlebelt Road in Farmington Hills. Officials believe some sort of obstruction in the sanitary sewer caused the backup. Crews will return Wednesday to investigate the exact cause, but residents are trying to salvage as many of their belongings as possible. "It was soaking the padding and carpet," resident Jasmine Rowe said. Crews placed fans on high speed as hoses pumped out the sewage. "Our main entryway was flooded," Rowe said. "There were two inches of water in that hallway." In some cases, the flooring had to be completely removed. On the first floor, 20 units were flooded by the sewer backup. "There was water everyway ," Rowe said. ...

Demolition begins this week on a downtown San Pedro block that will be transformed into a seven- story apartment building that many hope will boost patronage for area shops, restaurants and the waterfront now beginning to take shape. Officials will mark the start of demolition at an informal groundbreaking at 9:30 a.m. Thursday at 550-560 S. Palos Verdes St . A more formal ceremony will be held in the coming weeks, according to the developer. Demolition is expected to take about a month and construction of the new 375-unit building should be complete in about three years, with the opening anticipated for 2020. It’s one of several residential developments planned to be built in and around the downtown San Pedro area over the next few years. Originally under the hands of Omninet Capital, the project was sold to Holland Partner Group in June for $24.5 million. Holland also is in exclusive negotiations to redevelop San Pedro ’s closed county courthouse just blocks away. Fewer, bigger...

CLEVELAND, Ohio - Playhouse Square  agreed Thursday after some pressure from city planning officials to install a 20-foot- deep retail strip on the ground floor of a parking garage designed to serve a proposed 34- story apartment tower . The agreement capped a back-and-forth discussion at the meeting of the Downtown Flats Design Review Committee over schematic plans for the $ 135 million tower , on which Playhouse Square hopes to break ground late this year for the project. A revised ground floor plan for the Playhouse Square apartment tower garage shows how the theater district would reserve 1, 900 square feet on the Euclid Avenue side of the garage for retail. Solomon Cordwell Buenz   The tower would rise on the southwest corner of Euclid Avenue and East 17th Street . The committee -which advises the city's planning commission - approved the schematics. But the vote only came after the committee explored  whether Playhouse Square would do more than install a row of ...

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For more than two years, city inspectors have documented unsafe and squalid conditions at a weekly hotel near uptown that houses low-income families with children, the disabled and others with nowhere else to go. Inspectors found rooms with no heat or air conditioning , piles of garbage, bedbugs and broken windows among other problems at the Airport Parkway Inn and Suites. Former tenants and a neighboring business complain the building on Wilkinson Boulevard is a magnet for drugs and crime. Now, Charlotte officials are taking steps that could lead to the demolition of the hotel, a rare move the city has not taken in at least seven years against a lodging establishment. The building is part of a virtually unnoticed housing sector in Charlotte, where hundreds of people suffering from addiction and mental illness or simply with few other options depend on weekly hotel rooms for permanent shelter. While tenants avoid sleeping on the streets, they often stay in decrepit and vermin-in...