Apartment Look

The city of East Palo Alto , a wedge of modest houses and light industrial sites in the heart of Silicon Valley , has been passed by in the great tech boom . A historically black area , it has seen a big Hispanic influx in the past two decades, with more than three out of four residents now coming from one of those two groups. It is still living down its reputation, gained a quarter of a century ago, as the murder capital of the US: one out of every 571 of its residents was the victim of a homicide in a single year. Things have improved since then. But over the same period, it has become the poor neighbour to some of the world's richest companies. In one of the ultimate signs of the divide between the haves and have-nots of the western US, the municipal government of East Palo Alto didn 't own the rights to draw more from the state's water reserves, which it would need in order to grow. In June this year, it took a gift of cash, from the private foundation set up by Mar...

California real estate investment firm rebrands and repositions 1960s- era apartment community with modern amenities and boutique hotel feel, increasing value by 89% Calvera Partners , a California- based private real estate investment firm , today sold pksl (pronounced “pixel”), a 37-unit apartment building located at 1090 Sunnyvale Saratoga Rd. in Sunnyvale, CA, for $15.7 million ($424,000 per unit), an 89% increase over the building’s acquisition price of $8.325 million in January 2014. Home base to the original tech darlings Atari , AMD and Yahoo, the pksl project was the transformation of a 1960s- era apartment complex , formerly known as Crestview Terrace. With a mission to reposition underperforming properties with creative and authentic brands, high value tenant amenities , and modern design, pksl underwent a major transformation. “This community underwent the most significant physical change of any property we’ve owned,” said David Saxe, managing principal at Calver...

At the end of one sticky month during the summer of 2017, Elizabeth Bolles will have finished packing the contents of her Riverbend apartment. She, her partner, their two young sons and two dogs will then pile into her Subaru and drive 350 miles to Houston, where her partner will start a new job.   The move is the upshot of six years of frustration and disappointment for Bolles since she graduated from Tulane University's law school in 2011. Since then, she's struggled to find a well-paying job in New Orleans; she's been runner-up for several positions and has worked odd jobs and short-term gigs to make ends meet . She's in the same boat as many of her friends and acquaintances in the city — a one- time National Merit Scholar who's been waiting tables for a decade, a buddy with two doctorates who can't find a professional job .   "You hear one person's story," Bolles says, "and you think maybe there's something going on with them, maybe...

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...

LAKEWOOD, CO - Wood Partners, a national leader in multifamily real estate development , announced that its clubhouse is open and it has begun on-site leasing at Alta Pinehurst , a 350-unit community in Lakewood, Colorado.Conveniently located on the border of Lakewood and Denver, it is adjacent to the historic 27- hole Pinehurst Country Club . The community is surrounded by the natural beauty and views of the Colorado landscape while providing state-of-art amenities and modern living spaces . " Alta Pinehurst is ideally located where residents can enjoy all of the perks and conveniences of metro Denver, while still having quick access to the mountains," stated Tim McEntee , Director of Wood Partners' Rocky Mountain and Midwest Regions. "This location is a perfect fit for outdoor enthusiasts with highly active lifestyles ." Alta Pinehurst is close to the Wadsworth shopping corridor , with easy access to Southwest Plaza Mall and Belmar. Highway 285 provi...

Breckenridge Apartment Homes , Portland, Ore." width="300" height="133" /> Breckenridge Apartment Homes , Portland, Ore. Portland, Ore .— Resource Real Estate Opportunity REIT II , a non- traded real estate investment trust sponsored by Resource Real Estate , announced it has acquired the Breckenridge Apartment Homes . Details about the transaction remain undisclosed . Breckenridge is a garden style multifamily community with 357 units built in 1985 in the West Hills submarket at 8150 SW Barnes Road . The property sits within five minutes of both Providence St. Vincent Medical center and the Sunset Corridor. “We are very pleased to be able to execute the purchase of Breckenridge on behalf of Opportunity REIT II and its investors. Portland is among the best cities in the U.S. for attracting young, creative and educated people. Due to its talented labor pool , Portland has seen the breadth of its job opportunities grow as key employers have followed the ...

 Her father, who owned a travel agency, was murdered in 1989, when Nina was 17. “My dad died at 46. My age exactly. And he left behind five children,” Vaca says. “It was a tragic time for my family. That’s what makes our success story so beautiful. “Yes, like a good entrepreneur, I found a need in the marketplace and a way to fill it. Yes, the barriers to entry were minimal at the time because there was so much demand for IT. Yes, all those things are true. “But the real purpose behind me starting Pinnacle was to create a better life and a better circumstance for my family.” Her older sister, Jessica Narvaez, joined Pinnacle’s management team early on, followed by her younger brother, Freddy Vaca, then her husband, Jim Humrichouse, and cousin, Ximena Alvarez. Today, Vaca numbers her “family” in the thousands, including 5,000 employees and consultants and people in the communities here and abroad that she helps. “The larger and more successful we are at Pinnacle, the more we’re able to...

CHANDLER, AZ - Security Properties purchased Arches at Hidden Creek, a 432- unit multifamily property located in Chandler, AZ for $55 million.  Security Properties now own five assets in the Phoenix marketplace.Arches at Hidden Creek is located within the dynamic Chandler submarket .  Chandler's median annual household income is approximately $71,000, 32% higher than Maricopa County, which covers most of the Phoenix MSA.  Chandler's greatest strength is its employment base.  Arches sits within five miles of 70,000 jobs in industries that include high-tech manufacturing, aerospace, bioscience, and advanced business services .  Because of the city's central location and proximity to three freeways, it can pull from more than 1.7 million people within a 30-minute commute. The Price Road Corridor is the area's largest and most established employment center . Silicon Desert, as it is known, is located just one mile southwest of Arches. The property is also within clo...