Apartment Look

LONG BEACH, CA--(Marketwired - Aug 17, 2017) - RK Properties (www.RKProp.com) announced that it has acquired Edwards Mill , a 220- unit multifamily property in Raleigh, North Carolina. "We are excited to add our third and final property to RK Opportunity Fund IV with the purchase of Edwards Mill ," said Steve King, Vice President of Long Beach, California- based RK Properties . "We believe this asset is consistent with our disciplined underwriting criteria that meets the requirements of our investors for preservation of capital, reliable monthly income , appreciation, and tax benefits." Mr. King noted that RK Properties focuses on acquiring multifamily assets in strong locations with historical rent growth and a value- add opportunity . Edwards Mill is the company's first Delaware Statutory Trust (DST) structure, offering investment opportunities for 1031 exchange buyers and direct capital investors . Built in 1984, Edwards Mill is a 220-unit class ...

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...

RALEIGH, NC - RK Properties announced that it has acquired Edwards Mill , a 220- unit multifamily property in Raleigh, North Carolina ."We are excited to add our third and final property to RK Opportunity Fund IV with the purchase of Edwards Mill," said Steve King, Vice President of Long Beach, California- based RK Properties . "We believe this asset is consistent with our disciplined underwriting criteria that meets the requirements of our investors for preservation of capital, reliable monthly income , appreciation, and tax benefits." Mr. King noted that RK Properties focuses on acquiring multifamily assets in strong locations with historical rent growth and a value- add opportunity . Edwards Mill is the company's first Delaware Statutory Trust (DST) structure, offering investment opportunities for 1031 exchange buyers and direct capital investors . Built in 1984, Edwards Mill is a 220-unit class 'A' community situated on 36.5 acr...

Uniondale- based RXR Realty will receive more than $1.2 million in tax breaks to build a downtown Glen Cove apartment and retail project , the Glen Cove Industrial Development Agency decided Tuesday night . The IDA unanimously approved $1.24 million in mortgage and sales tax exemptions for Village Square, which, in addition to 146 apartments and 15,000 square feet in retail space, will include a 16,000-square- foot plaza deeded to the city for public events. Most Popular The board also approved 18 years of payments in lieu of taxes, or PILOTs, that will start at $183,062 for the first three years and increase 2 percent annually for 15 years. The value of that property tax break is undetermined. All seven candidates in the Sept. 12 Democratic City Council primary and the Democratic mayoral candidate , Councilman Timothy Tenke , attended the meeting and said afterward they support redeveloping the 2.8-acre site, most of which is comprised of vacant buildings. But they oppose the t...

The Pleasanton City Council is set Tuesday to consider final approval of a proposed ordinance to implement stringent smoking regulations for rental apartments across the city. On track to take effect early next year, the new restrictions would include banning smoking inside individual units , on balconies and patios, in all indoor and outdoor common areas and within 25 feet of those locations at apartment complexes under single ownership with two or more leased units. The council gave unanimous support to the proposed ordinance during a first reading in June, but asked city staff to do more research on how to handle medical marijuana before giving final approval . Under the recommendation from city staff, the ordinance would allow medical marijuana smoking inside apartment units "if tenant provides landlord written documentation that tenant needs it for medical purposes , no alternative means of delivery or ingestion are available and tenant is unable to smoke o...

Christine Dunn Journal Staff Writer ChristineMDunn PROVIDENCE, R.I. — Commerce Secretary Stefan Pryor on Thursday morning lauded a vote by the Rhode Island Housing Board of Commissioners to approve final financing for the Lippitt Mill Apartments development in West Warwick. The mill, the second-oldest in Rhode Island, will be reused as 65 apartments, including 28 affordable units , Eric Shorter of Rhode Island Housing told the board. The total project cost is $15.9 million, including $2.3 million in Rebuild RI tax credits . Developer Kristopher Shaw said there will be a groundbreaking this fall, and he hopes construction will be completed by next summer. Board member Kevin Orth said that in addition to providing needed mixed - income housing , the project includes the preservation of a site with "historical and cultural significance," and it will also accomplish environmental remediation of the property. Currently vacant and uninhabitable, the site requires freq...

The long retail spine of Sydney Road, Brunswick, just north of Melbourne's CBD, was once a prosperous trading outpost on the way to the goldfields. These days it's a bohemian mix of variety stores, op shops, halal butchers and Lebanese bakeries. Take a side street to the west, however, and a different picture emerges. Sandwiched between Sydney Road and the Upfield train line is an area undergoing rapid and widespread transformation. Light industry is fast being replaced by mid- rise apartment buildings , their inhabitants attracted by the short commute into town and cheaper prices than in the city's south-east. The quality of these units is, on the whole, depressingly bad; think poor ventilation and bedrooms that "borrow" natural light (a weasel word for being dark and windowless). The occasional jazzy façade tries feebly to make up for otherwise cheap construction amid a chorus of greys. At ground level, carpark roller doors alternate with mean pocket garden...

The long retail spine of Sydney Road, Brunswick, just north of Melbourne's CBD, was once a prosperous trading outpost on the way to the goldfields. These days it's a bohemian mix of variety stores, op shops, halal butchers and Lebanese bakeries. Take a side street to the west, however, and a different picture emerges. Sandwiched between Sydney Road and the Upfield train line is an area undergoing rapid and widespread transformation. Light industry is fast being replaced by mid- rise apartment buildings , their inhabitants attracted by the short commute into town and cheaper prices than in the city's south-east. The quality of these units is, on the whole, depressingly bad; think poor ventilation and bedrooms that "borrow" natural light (a weasel word for being dark and windowless). The occasional jazzy façade tries feebly to make up for otherwise cheap construction amid a chorus of greys. At ground level, carpark roller doors alternate with mean pocket garden...