Posts

Showing posts matching the search for site management

Sacramento News & Review - Pay to stay: Tenants of south Sacramento apartment complex face rising rents, complain of roach and mold issues - News - Local Stories

Image
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...

West Seattle Blog… | CAMP SECOND CHANCE: With operator change ahead, residents plead to keep their camp drug

Image
(WSB photo: Tents and tiny houses at Camp Second Chance) By Tracy Record West Seattle Blog editor The Camp Second Chance residents who gathered Wednesday afternoon to hear from city reps and their future fiscal agent/operator had one main question: Will they be allowed to keep their self-imposed rules under new management – particularly, no drugs and alcohol? They did not get an immediate commitment from Sharon Lee of the Low- Income Housing Institute , which is expected to assume the city contract that is currently held by Patacara Community Services , withdrawing from its management of the city- sanctioned camp after questions about the status of privately donated money , as first reported here last Friday. At multiple times during Wednesday’s meeting, held under a canopy on the camp’s fenced site at the city-owned Myers Way Parcels , Lee said it was too soon for her to be able to say how things will work once her organization takes over, expected to happen at the start of Septe...

Join US Capital and New Cities at Investor Event in San Francisco

Image
  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, ...

Selling points: Sela buys NJ resi complex for $40M, Kamber acquires UWS portfolio for $50M

Image
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...

CWD Real Estate proposes commercial redevelopment near Ramblewood Apartments in Wyoming

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 ...

Willowbrook Apartments Find New Owner

Willowbrook Apartment Homes " src="https://media.atre.yardi.com/2/44671/images/1180.jpg?w=300&h=240" alt=" Willowbrook Apartment Homes " width="300" height="240" /> Willowbrook Apartment Homes Another week brings another apartment deal in The Prairie State. Marcus & Millichap arranged the sale of Willowbrook Apartment Homes , a six- building multifamily community in Willowbrook, Ill. The property at 7440 Tennessee Drive sold for $14.4 million, the equivalent of $106 per square foot, according to Yardi Matrix data . Senior Vice President of Investments Scott Harris and Associate Nick Hillard of the broker’s Chicago Oak Brook office represented the seller—Fannie Mae REO—and also procured the buyer—Minneapolis- based Heartland Realty Investors . “The acquisition of Willowbrook Apartment Homes provides the new owner with an excellent opportunity to improve the asset’s net income through the completion of a renovation program t...

Inside Grand Rapids' biggest new apartment construction projects

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...

Capano buys Trolley Square apartment tower

Image
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...

Carriage House Apartments for Rent - 1500 East Lamar Boulevard, Arlington, TX 76011 with 3 Floorplans

Carriage House: Luxury living you deserve located in the heart of Arlington Our community with it’s beautiful landscaped grounds shaded by an abundance of native trees offers floor plans designed for maximum livability. Imaginative interiors include wood burning fireplaces , built in wood bookshelves and spacious closets. Outside your new home we’ve included a fitness center, two pools, sand volley ball and a lighted tennis court . Carriage House has superb access to many shops, restaurants and entertainment centers such as The Ballpark in Arlington and Six Flags. We accept Section 8 Housing COMMUNITY AMENITIES: 2 Laundry Centers 2 Swimming Pools 2 Tennis Courts 24 Hour Maintenance Limited Access Gate Pet friendly, breed restrictions apply Picnic Area W/Tables and Grills Professional On-Site Management Sand Volleyball APARTMENT AMENITIES: 24 Hour Emergency Maintenance Built In Wood Bookshelves Cable TV Available Ceiling Fans Frost Free Refrigerators Full Size Washer/Dryer Connect...

The Run-down Stewart Apartments Are a Sanctuary for Poor Portlanders - News

Image
OLD TIMER The Stewart apartments occupy the top two floors of this 1921 building at the corner of Southwest Broadway and Ankeny. Patrick Alexander IN JUNE , the rumors began wafting through the Stewart Apartments like the cigarette smoke that often clouds its halls. The 55-unit building’s long-time manager had passed away on May 28. If no one stepped in to replace him, 66 residents would soon be looking for a place to live—with little hope of finding a suitable spot. The first rumblings of a looming mass eviction came not long after apartment manager Mike Narver ’s death. But by August 11—20 days before Narver’s lease to run the building was set to expire—no one was any clearer on their future. “It’s so back and forth,” said Eddie Grant, a 62-year old resident who clerks the Stewart’s front desk, as he emptied a garbage bin in the building’s lobby last week. “Now I heard we might be out at by the end of the month, or next week.” Marge Appling , a 20-year resident and the building’s...

Golden Inn & Village retroactive changes scheduled for hearing | Local News

Two Santa Ynez Valley projects and another in Gaviota affecting a wide area of the county are slated for public hearings Thursday before the Santa Barbara County Planning Commission . The meeting is scheduled to begin at 9 a.m. in Room 17 of the Engineering Building, 123 E. Anapamu St., Santa Barbara. Commissioners are scheduled to hear a request to revise the development plan for the Golden Inn and Village in Santa Ynez, which is strongly opposed by neighbors, and a request to subdivide an existing 860- acre parcel north of Buellton into four parcels. The commission will also hear a request from the county to amend the overlay designation for the Tajiguas Landfill in Gaviota, determine the revised Tajiguas Resource and Recovery Project conforms to the comprehensive plan and adopt an addendum, revision letter and errata to the environmental impact report . The Golden Inn and Village hearing involves three applications filed in May and August to approve changes to the parking ...