Apartment Look

Gebroe-Hammer Associates Coveted apartment  complex fetches $40M An apartment community in tony West Orange , NJ,  has been sold for $40.5 million. Gebroe- Hammer Associates brokered the sale of the 178- unit Crest Ridge Apartments complex . The team of Greg Pine and Adam Zweibel exclusively represented the original developer , Rockledge Realty, LLC, and procured the buyer, Sela Realty Investments , in the transaction. Located at 200 Mt. Pleasant Ave. at the base of an 80 ft. cliff, the 16-building, historically well- occupied complex posed an extremely rare acquisition opportunity within the Northern New Jersey metro. “Situated in the Town Center section of West Orange, Crest Ridge Apartments is at the heart of one of the most expensive, in- demand local neighborhoods as well as the transit- filled greater West Essex County submarket ,” said Pine. “In a township where apartment rentals make up only about one-third of the housing stock, Crest Ridge Apartments is a gem favored...

GRAND RAPIDS, MI - There's still a lot of concrete to be poured and drywall to be painted, but progress is being made on two of the city's largest apartment construction projects . Rockford Construction Co. and Wolverine Building Group handed out hardhats and safety vests to reporters on Wednesday, Aug. 23, so they could show off the progress they are making on projects along Market Avenue SW and in the Midtown Neighborhood along the Medical Mile.. At 234 Market Avenue SW , Rockford Construction is past the halfway point in building an apartment complex that will include 235 rental units , a 300- car parking ramp and ground floor retail space The property sits just west of a $60 million expansion of Founders Brewing Co. and across Market Avenue from 19 acres of riverfront property used by city public works departments . The city-owned land is on the market as a prime site for future development. Project manager Dan Korcek said they are on schedule to complete the $44 mil...

Two men suspected of brazenly breaking into cars early Friday evening led police on a chase through Petaluma, fleeing on foot after an officer rammed a patrol car into the suspect’s vehicle in an attempt to end the pursuit, police said. Around 5:20 p.m., police received reports that two men associated with a white Chrysler sedan were smashing a car window in the parking lot of the Petaluma Village Premium Outlets , according to a news release from the Petaluma Police Department . Within a few minutes, police located the Chrysler in the parking lot, though the driver immediately sped away from the 2200 Petaluma Blvd . North retail complex . The driver led police on a chase headed southbound on the heavily congested Petaluma Boulevard South , topping out at 60 mph, police said. Less than a mile later, the driver made a left onto Shasta Avenue, which is a dead end street . When the driver attempted to turn around and flee, an officer used the front of his patrol vehicle to push the...

Funny how your tastes change. There once was a time – back when Coolio actually was cool – when I desperately wanted to live in a town with an Applebee’s . I now reside in a metro area with five, and I’m more concerned that a hole-in-the-wall joint like Silla Cafe is closing. The Broad Street eatery , whose teriyaki chicken has been beloved by downtown denizens for more than two decades, is calling it quits next month. Owned and operated by Felton and Tae Mitchell , the literal “mom-and-pop” restaurant serves its last dish at 855 Broad St. on Sept. 14. “We had fun, but we’re ready to retire now,” Tae said. “We’ve been talking about retiring for a couple years now.” She said that decision to retire was hastened, however, by a steep increase in their rent. “It’s almost double,” she said in a phone interview. Last year the building was purchased by Rafik “Rafi” Bassali , a young real estate investor who is becoming somewhat of a downtown property mogul . The owner of The Swank Company...

fastest growing city ." src="src" /> Downtown revival: Eau Claire is now Wisconsin's second- fastest growing city . Andrea Paulseth /Volume One The small Wisconsin city is enjoying a cultural revival, thanks to its gorgeous setting, a few well-placed boosters, and a knack for smart development . Justin Green lived in Austin, Texas, most of his life. He opened a music studio there, got married, and had two kids. But by 2016, the 31-year-old felt it was time to leave behind the heat, crowds, and costs of the state’s fast-growing capital. He thought about Madison, Wisconsin, with its strong music scene . But bands kept telling Green to look further north, to Eau Claire. The town is known to indie music fans as the home of the Eaux Claires Music & Arts Festival, a two-day event co-founded and curated by singer- songwriter Justin Vernon of the band Bon Iver, who grew up there. So Green and his wife paid a visit. “We were just like, ‘Holy shit! This plac...

Frasers Property Australia , Citta Property Group and Mission Australia have won the tender for the $2. 2 billion redevelopment of the Ivanhoe public housing estate in Macquarie Park, in north-east Sydney. The project is set to achieve high sustainability outcomes , such as carbon neutral operation , but while the news has been welcomed by many in the property industry , it has also raised questions about just how replicable this model of public housing funding is. The master plan for the 8.2 hectare site will see 259 existing low - density public housing dwellings demolished and replaced with more than 3000 dwellings built by the Aspire consortium, including at least 950 new social housing apartments and 128 affordable rental apartments . A non-government co- educational vertical high school , two 75- place childcare centres , a 120- bed aged care facility , 141 social housing independent living units and 132 private independent living units are also in the plans. Community f...

JENKINSVILLE (AP) — For the better part of a decade, thousands of people showed up in this town on the shores of Lake Monticello and got to work on a project that was sure to change its fortunes. As a pair of nuclear reactors rose behind the gates of the V.C. Summer power plant , a town of fewer than 100 residents suddenly had a few thousand. Campsites and restaurants sprang up before long to meet the new need, banking on a few more years of construction work and decades of maintenance to come. The boom in this rural corner of Fairfield County coincided with rising hopes in Winnsboro, the county seat, which is 25 minutes east on winding backroads. South Carolina Electric & Gas was spending billions of dollars to build two of America's first new nuclear reactors since the 1980s, and county officials expected a property tax windfall — tens of millions of dollars every year for decades. They imagined new fortunes for one of the state's smallest counties, a place with a sh...