Apartment Look

Rhodium Capital Advisors announced the acquisition of 462 apartment units in Bridgeport, including at 2209-2225 Main St., for $30.5 million. Photo: Contributed Photo / Contributed Photo / Connecticut Post Contributed" class="landscape" /> Rhodium Capital Advisors announced the acquisition of 462 apartment units in Bridgeport, including at 2209-2225 Main St., for $30.5 million." src="src" /> Photo: Contributed Photo / Contributed Photo Image 1 of / 1 Caption Close Image 1 of 1 ​ Rhodium Capital Advisors announced the acquisition of 462 apartment units in Bridgeport, including at 2209-2225 Main St., for $30.5 million. ​ Rhodium Capital Advisors announced the acquisition of 462 apartment units in Bridgeport, including at 2209-2225 Main St., for $30.5 million. Photo: Contributed Photo / Contributed Photo Bridgeport apartments acquired Back to Gallery Real estate investment firm ​Rhodium Capital Advisors and Toronto- based Firm Capital Americ...

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...

Following U.S. election volatility some analysts have updated their recommended target prices on shares of Mid- America Apartment Communities , Inc. (NYSE:MAA). According to the most recently released broker notes , 4 analysts have a rating of “strong buy” on the stock, 8 analysts “buy”, 6 analysts “neutral”, 0 analysts “sell” and 0 analysts “strong sell”. Latest Recommended Buy/Sell Side Ratings: 07/06/2017 – Mid- America Apartment Communities , Inc. was downgraded to “” by analysts at UBS. They now have a USD 107 price target on the stock. 04/18/2017 – Mid- America Apartment Communities , Inc. had its “” rating reiterated by analysts at Barclays. They now have a USD 117 price target on the stock. 03/30/2017 – Mid- America Apartment Communities , Inc. had its “” rating reiterated by analysts at Jefferies. They now have a USD 115 price target on the stock. 12/13/2016 – Mid- America Apartment Communities , Inc. was upgraded to “” by analysts at RBC Capital. They now have a USD 1...

A Cedar Ridge Apartments tenant shows a respirator she claims she sometimes needs due to alleged mold issues at the south Sacramento apartment complex . Code Enforcement is continuing to inspect the complex to determine if there are violations. PHOTO BY MICHAEL MOTT Nancy Avalos watched as her 5- and 8-year-old daughters danced and chased each other. Their laughter filled the living room. “My daughters don’t want to move out,” Avalos said in Spanish. Her voice broke. “I feel like I’ve let them down.” Avalos moved to Cedar Ridge Apartments six years ago. After sharing a living room of an apartment together, the single mother wanted to give her three daughters room to play and moved to a place they could call their own. But now the family is moving out of its two- bedroom apartment , after Avalos’ monthly rent rose from $802 to $1,086. For Avalos and her neighbors, sharp rent and utility bill increases hit the past two months as the property owner, Torrance- based Cedar Ridge Apa...

Finance & Accounting By REW •   April 26, 2017 Eastern Union Funding arranged the following transactions: A $36.9 million first lien mortgage for the acquisition of an 11- building multifamily portfolio in Bronx, NY. This transaction was arranged by Jonathan Singer and David Metzger. A $10,500,000 first lien mortgage for the acquisition of a 197- unit multifamily in Pennsville, NJ. This transaction was arranged by David Singer. A $5,000,000 first lien mortgage for the refinance of a 61- unit multifamily on 40th St. in Sunnyside, NY. This transaction was arranged by Michael Muller. A $2,200,000 first lien mortgage for the acquisition of a 6, 800 sf industrial property on Route 114 in East Hampton, NY. This transaction was arranged by Marc Tropp. A $1,450,000 first lien mortgage for the refinance of a 3- unit multifamily on South Lakeshore Dr . in Browns Mills, NJ. This transaction was arranged by Jeffrey Seidenfeld and Jonathan Singer. ••• Meridian Capital announced t...

When it comes to condominium development , Cascadia’s two largest cities couldn ’t be more different. Last year nearly 60 percent of new housing starts in the city of Vancouver, BC , were condominiums; meanwhile, Seattle saw no new condominium buildings open . And that’s not changing anytime soon: less than 10 percent of all building slated for downtown Seattle in the next three years will be condos. What’s the difference—why the blossoming of condominium construction in one city and the almost complete dearth in the other? The short answer is economics. In Vancouver, apartments are saddled with an unfavorable tax code , making condos the more lucrative multi- family housing investment even despite high rental demand . In Seattle’s skyrocketing rental market , one that’s climbed even faster than the condo market in recent years, apartment buildings are much more financially attractive, while condos come with bigger risks and, typically, lower returns. Compounding this profit differe...

Phoenix apartment fire " /> A view of one of the Phoenix apartments damaged by a fire on Aug. 19, 2017. The blaze damaged four units, displaced 12 people and killed one dog. (Photo: Phoenix Fire Department ) A dog was killed and 12 people were displaced in a north Phoenix apartment fire Saturday afternoon , fire officials said.  The fire began inside an apartment at the Mountain View Casitas Apartments on Grovers Avenue and 12th Street and did significant damage to four units in the building, Phoenix fire officials said. Two second-story units were damaged by the flames, and two units below them received significant water damage as crews worked to stop the blaze. No people were injured in the fire, officials confirmed, although a dog in one of the apartments was found dead.  Two second-story units were damaged by the flames, and two units below them received significant water damage as crews worked to stop a blaze at a north Phoenix apartment complex Aug . 19, 2017.  (P...

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...