The 234 Apartment

Katy Trail Condos | CandysDirt.com" width="640" height="480" /> Splurge vs. Steal is a new feature on CandysDirt.com. Every week, we look at two properties that offer something in common, but are miles apart in their asking price.   Katy Trail runs through some of the nicest neighborhoods in Dallas, starting at the  American Airlines Center in Victory Park and going to Mockingbird Station near Southern Methodist University . Everyone from runners to in- line skaters hit the trail every day. When a condo along Katy Trail hits the market, you can bet that’s in the description. This is a desirable amenity that opened in 2000 and continues to be developed. When complete, the trail will be 3.5 miles long, connected to the Trinity Strand Trail , with four major entrance plazas , benches, landscaping, and drinking fountains for people and pets.  Today, we’ve found two Katy Trail condos that are less than two miles apart in distance, but are over $250K apart i...

The Memphis housing market shows signs of a recovery as home sales improve month after month. Yet foreclosures still bring about the best investment opportunities, especially in the multifamily sector as the general economic trend continues to favor renting rather than buying. An entity affiliated with LNR Property LLC , a market leader in commercial properties development headquartered in Miami Beach, Fla., recently acquired Waterford Place Apartments , a 320- unit community located at 8037 Waterford Circle . The Class A community was bought for $18.2 million from Harris P. Quinn of Prochaska Thompson Quinn & Ferraro PC, in a substitute trustee’s sale following a foreclosure, according to the Daily News . The residential community built in 2001 on 27.9 acres had been property of Empirian Waterford LLC and Flushing Waterford LLC until earlier this year when the venture defaulted on a $54.6 million loan through Deutsche Banc Mortgage Capital LLC . Also following a foreclosur...