Apartment Look

  August 12, 2017 -- San Francisco, California (PRWEB) August 12, 2017 US Capital Partners Inc. has been engaged as the exclusive advisor to New Cities Investment Partners , LLC for the capital formation for a $110MM mixed-use real estate development named the ?Maple & Main Project' in Hayward, located in California's flourishing San Francisco Bay Area . To showcase this project, US Capital will be hosting an investor event on Thursday, August 17th between 6pm and 8pm at the iconic Bently Reserve . This landmark, known as the former San Francisco Federal Reserve building , is located at 301 Battery Street. This will be an opportunity to meet the management team and join the discussion around Maple & Main's conception. The Maple & Main Project has been unanimously approved by the Hayward City Council and is expected to be a catalyst for downtown revitalization. The project is located at Main, Maple & A Street on a 3.9 acre site four blocks from the BART, ...

Vanguard Group is fast becoming a dominant investor in the U.S. real estate industry . Securities and Exchange Commission reports compiled by Bloomberg show that the company’s mutual funds and exchange-traded funds are now the leading owners of real estate investment trusts (REITs), the tax- protected investor funds that own many of the nation’s offices, shopping centers, apartments, hotels, warehouses, and data and storage centers. Including its indexed stock and REIT-focused funds, Malvern- based Vanguard owns 18 percent of Host Hotels & Resorts, whose portfolio includes Ritz -Carlton, Marriott, and Westin hotels; 15 percent of Simon Property Group , the national mall owner that counts King of Prussia Mall among its holdings; and a similar share of Prologis, the warehouse giant. Locally, Vanguard funds control 16 percent each of Brandywine Realty Trust , which owns a majority of Center City’s highest buildings; Liberty Property Trust ...

Reading this on your phone? Stay up to date with our free mobile app . Get it from the Apple app store or the Google Play store . MARTINEZ — Saying the project will provide needed housing and almost single-handedly rejuvenate a threadbare commercial corridor , Contra Costa County supervisors on Tuesday unanimously approved the $100 million Saranap Village commercial/retail mixed use project that figures to transform a tired commercial strip between Walnut Creek and Lafayette. The supervisors approved zoning and planning changes needed for the project, which would have up to 198 housing units (122 apartments, 76 condos), approximately 21,522 square feet of commercial space (including a small grocery store ) and 492 parking spaces, on the street and in three parking structures. The project will include parcels on both sides of Boulevard Way, this village’s main thoroughfare. “These are exactly the kinds of projects we need in the Bay Area to meet housing demand and to beautify ...

DEL CITY — Efforts to transform what had been a blighted and crime-ridden area at Interstate 40 and Scott Drive into something this community can be proud of has cleared another hurdle. The city council and its development authority approved an agreement with a Texas-based developer this week to build a movie theater/bowling alley, restaurants and a grocery store on the southwest corner of the interchange this week. The developer, Hunt Properties Inc., told The Oklahoman on Wednesday the site is an ideal location for a project it expects will create a regional draw for future tenants. For the city, approval of the project marks the completion of a journey it started about a decade ago to take a undesirable area that consisted of dilapidated apartments and a strip club and turn it into something else. Del City officials said the deal represents an unprecedented investment in the community, and is proof the community can redevelop previously blighted areas using commitment, foresigh...

The leafy suburbs making up the area known as The Parks in northern Johannesburg offer a unique bouquet of property investment opportunities , and most importantly, a quality of life that is ‘a walk in the park’. This three bedroom, three bathroom home in Parkwood has a covered patio and braai area overlooking a well-maintained garden and pool. It is on the market for R3.9 million - click here to view. “When buying in The Parks, you’re buying into a lifestyle. There is The Delta, a green hub where people go walking and jogging, cycling and walk their dogs. There are also stables and restaurants, and it offers a lovely vibe,” says Lorraine Hurdus of Jawitz Properties, who services Parks’ suburbs, including Craighall, Craighall Park, and Hurlingham. “People use their outdoor spaces, particularly in my area where property stands are smaller,” says Shelley-Ann Solms of Jawitz Properties who works in Parkhurst, where 495sqm is the general stand size . Gail Katz of Jawitz Properties, who...

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...

WYOMING — A subsidiary of CWD Real Estate Investment LLC has proposed redeveloping a mostly underused commercial complex in Wyoming along 44th Street SW , according to municipal documents. CWD 2757 44th LLC plans to invest about $8.6 million to expand office, restaurant and retail space at 2757, 2759 and 2761 44th Street SW , adjacent to the Ramblewood Apartment complex . The Grand Rapids- based real estate development and property management firm is seeking around $1.1 million in brownfield tax capture for the redevelopment project that includes demolition of multiple buildings on the site, as well as lead and asbestos abatement and infrastructure improvements, according to documents filed with the city of Wyoming. The redevelopment is expected to create around 100 new jobs. CWD Real Estate expects to begin work on the site next spring and bring the development to market in phases over 36 months, according to the municipal documents. Managing Partner Sam Cummings told MiBiz ...

Davie-based seller nearly doubles its money on the deal John Hielscher Staff Writer @johndhielscher MANATEE COUNTY — Cutting its second deal here in three months, a Pennsylvania real estate investment company has purchased the Champions Walk apartments for $58 million. An affiliate of Merion Realty Partners last week acquired the 376-unit complex at 4148 53rd Ave. W. near IMG Academy in Bradenton. In May, Merion paid $19.1 million for the Bradenton Reserve Apartments , a 166- unit community next to IMG. The seller of Champions Walk nearly doubled its money on the deal. Champions Walk of Bradenton LLC, a Davie- based company managed by Mark Kalimian, paid $30.1 million for the complex in early 2013, about half of its boom-time price. Kalimian acquired the property from a Hallandale-based company that had paid $60 million in 2007, county records show . Just 18 months later, that company lost a $53. 7 million foreclosure judgment and ceded the property to Lehman Bros., w...

29th Street Capital and Stonemark Equities Acquire Southern Hills Apartments in Arlington, TX Irvine, CA, November 10, 2013 --(PR.com)-- 29th Street Capital (29SC), through its high net worth fund , has closed on an off-market opportunity to acquire Southern Hills , a 250- unit apartment community located in Arlington, TX. The property was acquired through a partnership sponsored by Stonemark Equities . Southern Hills was owned and self-managed by a group of private investors. The property suffers from deferred maintenance that has resulted in rents and occupancy below neighboring competitive properties . The business plan is to immediately implement professional management through Stonemark Management , LLC, and invest $1.3 million for both interior and exterior improvements to achieve rents in line with the market. “This asset is a great addition to our high net worth fund with strong cash flow and future upside,” said Robb Bollhoffer, Managing Partner at 29SC. “We are also ...

WYOMING, MI - Ramblewood Apartments, the state's third largest suburban apartment community , has been sold for $100.4 million, it was announced on Monday, June 29. The new owners, an investment group based in Georgia, have plans to upgrade the 1,710- unit community , according to a news release. Berkadia, a Detroit- based commercial real estate broker , said the sale occurred on June 12. "The Grand Rapids rental market is registering historically low vacancy and healthy rent growth ," said David Walstrom, a senior director with Berkadia. "The market's appeal, coupled with the potential to add value through strategic unit upgrades , made Ramblewood an extremely attractive investment ," said Walstrom, adding that the upgrades are expected to result in greater revenue for the partners. Built in phases between 1971 and 1983, Ramblewood Apartments is located at 4277 Stonebridge Drive SW in Wyoming north of 44th Street SW , one mile east of Rivertown Crossing...

Printer-friendly version SAN FRANCISCO, CA – August 22, 2017 – Holliday Fenoglio Fowler , L.P. (HFF) announces the $2.35 million cash-out refinancing of Hillside Terrace , a 10- unit apartment property in Walnut Creek, California. HFF worked on behalf of the borrower, PTLA Real Estate Group , to secure the seven-year, fixed-rate, non-recourse loan with 36 months of interest only. Hillside Terrace comprises 10 recently renovated , two- bedroom units featuring stainless steel appliances , in-unit washers and dryers and faux-wood flooring.  Situated at 1865 Lacassie Avenue, the property is just east of Interstate 680 and just over a block south of the Walnut Creek BART station .  Hillside Terrace is also within walking distance to numerous retail and dining amenities in downtown Walnut Creek .  The HFF debt placement team representing the borrower included director Chris Gandy . Holliday Fenoglio Fowler , L.P., acting by and through Holliday GP Corp ., a real estate broker licensed wi...

CLEVELAND, Ohio - The owner of downtown Cleveland's fourth-tallest building is doing an about-face, marketing the Tower at Erieview and the adjacent Galleria shopping mall for sale after more than a year of exploring a partial conversion of the skyscraper to apartments. RAIT Financial Trust recently put the buildings on the market, at an undisclosed price. A listing package from real estate company HFF , Inc., started making the rounds last week. The 40-story tower, at East 12 th Street and St. Clair Avenue, is only 45 percent leased, according to HFF's listing materials. The glassy, barrel- shaped Galleria is 60 percent leased. The property also includes a 421- space parking garage . Related: Oswald Centre, former Eaton Center hit the market RAIT's decision doesn't shut the door on a potential residential redevelopment of a third of the office space. But the listing throws the timeline for such a project into limbo - and signals that the Philadelphia- based company...

Ten years is a long time to call a place home — especially when that home is a rented apartment. Yet for Pittsburgh couple Lisa Toboz and Jeffrey Schreckengost, their storefront apartment that doubled as a guitar-building workshop in the city’s Garfield neighborhood proved the perfect place to remain renters. “We lived in Garfield for 10 years before we decided to buy,” Toboz said. “We loved being so close to work and being able to walk right outside our door and be a part of the arts festivals, restaurants, a grocery store. We also loved the unique storefront space where we lived, since it afforded us free range to make as much noise as we wanted for making art and music.” Though Garfield had provided the couple with space to pursue their musical and artistic practices while also being close to all their essentials, the desire to buy began percolating , driven by, as Toboz said, “the usual things [people want] when buying a house: a place to call our own and do what we wanted with ...