Apartment Look

From left to right: An ERA Insite Realty office , Greystar’s 1 Kennedy Flats in Danbury. Bronxville’s Carlson Real Estate merges with ERA Insite Realty of White Plains Two family- owned Westchester real estate firms merged this week, the Westchester Business Journal reported . Bronxville’s Carson Real Estate , founded in 1972 by Marie Carlson and now run by her son Craig, will join ERA Insite Realty , a franchise of ERA that has operated as a family business in White Plains for 32 years. Previous to this, the Carlson brokerage was a franchise of Coldwell Banker. Craig Carlson will become an associate broker at ERA and will bring 20 brokers with him. Louis Budetti, principal broker of ERA Insite, said the merger worked because both firms “are both family- owned businesses and share common philosophies .” [WBJ] One Danbury apartment complex sells for $31M as a nearby Greystar-owned complex goes on sale The 135- unit Willow Grove apartment complex in Danbury sold for $31 million l...

SUNNYVALE, CALIFORNIA, USA, August 23, 2017 /EINPresswire.com/ -- Real estate brokers make money when they sell and lease real property .  If it were only that easy!  A sale has always required qualifying large numbers of prospects. When it comes to qualifying potential sales and leasing leads that call in to the brokerage, brokers have had two options in the past.  They can qualify those leads themselves, which takes up valuable time when they really should be in the field selling, or they can hire a real estate assistant to qualify the incoming leads .  Even highly motivated real estate assistants find qualifying incoming leads an exhausting and boring chore.  Omniquo’s industry leading artificial intelligence (AI) based product OMNIQ solves this problem. OmniIQ creates virtual assistant that works on your sales agent’s behalf by engaging with the prospects. The virtual assistant will contact, engage with, and qualify potential clients . It is able to understand and respond ...

Press Release - updated: Aug 23, 2017 SUNNYVALE, Calif., August 23, 2017 (Newswire.com) - Real estate brokers make money when they sell and lease real property . If it were only that easy! A sale has always required qualifying large numbers of prospects. When it comes to qualifying potential sales and leasing leads that call into the brokerage, brokers have had two options in the past. They can qualify those leads themselves, which takes up valuable time when they really should be in the field selling, or they can hire a real estate assistant to qualify the incoming leads . Even highly motivated real estate assistants find qualifying incoming leads an exhausting and boring chore. Omniquo's industry leading artificial intelligence (AI) based product OMNIQ solves this problem. OmniIQ creates a  virtual assistant that works on your sales agent’s behalf by engaging with the prospects. The virtual assistant will contact, engage with, and qualify potential clients . It is able...

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...

The kids are not all right—or so the click-bait headlines would lead you to believe. There are countless stories about those flighty millennials who job-hop every year, are crazy-obsessed with their iPhone phablets and shell out too much on  Instagrammable avocado toast or kale smoothies to move out of their parents’ basements and ( gasp !) pay their own rent. There's more than a hint of truth to that last part. About 15% of 25- to 35-year-olds were still crashing with their folks in 2016, according to a  Pew Research study . And that leaves 85% either cramming into apartments with friends or living solo. The young-at- heart data team at realtor.com® decided to dig into these numbers. As it turns out, where millennials are living plays a big role in whether they   are   most likely to live alone, as opposed to with their folks. And there's a lot of variation across the country, we learned. Related Articles "We definitely see a larger percentage of millennials living at...

CLOSE North Korea threat; Fatal Rehoboth Beach house fire ; Bruce Springsteen on Broadway 8/10/17 1303 Delaware Avenue was purchased by Capano Management . (Photo: Courtesy of Capano Management ) Capano Management continues to bolster its residential portfolio with the acquisition of 1303 Delaware Apartment Homes in Wilmington's fashionable Trolley Square neighborhood . A sales price was not disclosed. Capano financed the purchase with a fixed-rate loan from Fannie Mae.  The privately-held Wilmington-based developer's multifamily division, Capano Residential , purchased the 231- unit high rise from Merion Realty Partners , a Wynnewood, Pennsylvania, real estate investment firm . Jeffrey Shumaker, vice president responsible for Merion's multifamily division, declined to comment on the transaction. "That's not public information," Shumaker said of the sale.  Upon acquisition, Capano Residential , which is headed by Louis J. Capano, renamed the property Par...

Another North Charleston apartment complex has changed hands, reflecting the steady demand from investors for multifamily properties in the region. The 353- unit Peppertree Apartments was sold this month for $16.75 million, or a $47,450 a key, according to Charleston County land records . Rents for the one- and two-bedroom dwellings off of Dorchester Road start at $665, according to ApartmentGuide.com. The buyer is an affiliate of Peak Capital Partners of Provo, Utah. It is the firm’s first investment in South Carolina, according to its website. Peak said it and its affiliate “own and manage conventional, affordable, and student apartment properties in growth markets in the United States.” The seller was a California company that had owned Peppertree since 1999. The garden- style rental property is on Forest Hills Drive . It in was built in phases between 1983 and 1989, according to the real estate firm Cushman & Wakefield, which helped broker the transaction and secure some ...

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...

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...

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...

Sir John's Apartments | Phoenix, AZ PHOENIX - Aug. 21, 2017 - PRLog -- ABI Multifamily , the Western US's leading multifamily brokerage and advisory services firm , is pleased to announce the $1,484,000 / $106,000 Per Unit sale of the Sir John's Apartments, a 14- unit apartment community located in Phoenix, Arizona. The property is a one- story apartment community , built of block construction in 1967 and rests on 0.88 acres. The property features all (14) 2-bedroom units with an average size of 850 square feet. Each unit is individually metered for electricity and features its own enclosed backyard. Ryan Smith, Vice President at ABI, who represented the Seller and Buyer in the transaction, states, "The Buyer saw opportunity in both implementing a value add strategy, as well as, the property's Arcadia submarket location . The Buyer intends to reposition the property to compete with the on-going demand for more affordable B class housing." The Seller was ...