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...

Six years ago, Mike Brown and Casey Lynch stood on Downtown Boise ’s 8th Street and wondered: Why don’t more people live here? Downtown seemed to have everything that a growing percentage of Americans wanted in a place to live. “I mean, there’s all kinds of jobs. There’s a million coffee shops and hair salons and restaurants, and there’s an active street life ,” says Brown, who founded the Los Angeles- based development company LocalConstruct with Lynch in 2008. Casey Lynch, left, and Mike Brown have made their mark in Boise. Provided by LocalConstruct But in 2011, fewer than 4,000 people lived in Downtown’s scattered apartment and condominium buildings and houses. On a typical weekday afternoon , most Downtown workers got in their cars and put the city in the rearview mirror. Brown and Lynch saw an opportunity. They thought Boiseans would trade ample floor space and vaulted ceilings in the suburbs for smaller, high- end Downtown apartments that offered amenities like gyms, a do...

Zillow Group, Inc. (ZG) Q2 2017 Earnings Conference Call August 08, 2017 17:00 P.M. ET Executives RJ Jones – VP, Investor Relations Spencer Rascoff – CEO Kathleen Philips – CFO Analysts Ronald Josey - JMP Securities Mark Mahaney - RBC Capital Markets Unidentified Analyst - Sli.do © Provided by Seeking Alpha Earnings Call Transcripts Michael Graham - Canaccord Genuity Christian Rice - Needham & Company Hayden Blair - Stephens Inc. Brian Nowak - Morgan Stanley Mark May - Citigroup Lloyd Walmsley - Deutsche Bank Bradley Erickson - KeyBanc Capital Markets Shyam Patil - Susquehanna Financial Group Heath Terry - Goldman Sachs Presentation Operator Good day, ladies and gentlemen, and welcome to the Zillow Group's Second Quarter 2017 Earnings Call . At this time all participants are in a listen-only mode. Later we will conduct a question-and-answer session and instructions will be given at that time. [Operator Instructions]. As a reminder, today's call is being recorded. I wou...

  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, ...

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 ...

Full- service real estate and property management firm Peabody Properties (http://www.peabodyproperties.com) is proud to announce that Winnie Mei, a resident of Brighton’s Charlesview Residences (a Peabody Properties community ), was selected as a winner in this year’s National Affordable Housing Management Association (NAHMA) Calendar Contest . The annual contest , this year with the theme “Learning Will Get Me Where I’m Going: Reaching for Knowledge,” is open to children, elderly or special needs residents living in a NAHMA community . Mei, 17, was one of two Peabody Properties residents to be selected for the National 2018 NAHMA Calendar , and one of 23 award winners overall, out of almost 5,000 entries. Jean Mistretta, 74, a resident of Linwood Mill in Whitinsville, Mass., was also selected. In addition to their artwork being featured in the calendar, both will receive a $1,000 educational scholarship from the NAHMA Educational Foundation . This year, about 150 entries from 15...

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...