The 234 Apartment

LOS ANGELES--( BUSINESS WIRE )-- Lowe Enterprises Investors (LEI), in joint venture with an institutional investor, has acquired The Reserve Glenview , a 239-unit transit-oriented apartment community which opened in 2015, located in the premier North Shore submarket of suburban Chicago. Set on 7.59 acres at the intersection of Waukegan and Golf Roads, it is immediately adjacent to the Golf Transit Metra Station and a new retail center providing grocery, restaurants, shops and services. “The Reserve Glenview is a well-designed, new community with a prominent location in North Shore, one of the best performing rental markets in suburban Chicago,” said Andy Sands, managing director, LEI. “It provides easy access to the area’s major employers and is steps away from public transit for commuting to downtown Chicago.” Located at 195 Waukegan Road, the community is designed with three-story buildings wrapping around a center parking structure . The community is an attractive option for p...

NEW YORK – Aug. 22, 2017 – With all the talk about aging baby boomers and life- extending health care advances , it might be a bit bewildering deciding which seniors housing assets are best primed for success. Lee Everett, managing consultant at research firm CoStar Portfolio Strategy , might be able to provide some clarity. Two product types – active adult communities and continuing care retirement communities (CCRCs – will be the winners in the seniors housing race both in the short and the long term, Everett says. Everett and his CoStar colleagues are bullish about active adult communities , which are age-restricted developments that offer an independent lifestyle and relatively maintenance-free housing. Growth in this segment is "just around the corner," with more baby boomers getting older and seeking alternatives to traditional homes and apartments. "We're looking at a period where there's going to be a lot of fast and explosive growth in active a...

Manhattan is about to become a testing ground for what could be the next luxury real estate boom . Well, maybe mini-boom, considering the rather narrow target group : frail urban seniors with fat bank accounts . Developers are spending hundreds of millions on high-end assisted- living apartment projects , one on the Upper East Side and one in Midtown, and aiming for more in the area and across the U.S. The bet is that there are sufficient numbers of the affluent and aging in big cities who won't want to leave their neighborhoods, even as they suffer cognitive decline . It is, of course, a rather small group of any age or mental ability that can handle the monthly rents these kinds of places will command. They'll start at $12,000 at the complex that Maplewood Senior Living and Omega Healthcare Investors Inc. are putting up on Second Avenue and 93rd Street. Some will top more than $20,000 at the building Welltower Inc. and Hines are about to break ground for on the corner of ...

(Bloomberg)—Manhattan is about to become a testing ground for what could be the next luxury real estate boom . Well, maybe mini-boom, considering the rather narrow target group : frail urban seniors with fat bank accounts . Developers are spending hundreds of millions on high-end assisted- living apartment projects , one on the Upper East Side and one in Midtown, and aiming for more in the area and across the U.S. The bet is that there are sufficient numbers of the affluent and aging in big cities who won’t want to leave their neighborhoods, even as they suffer cognitive decline . It is, of course, a rather small group of any age or mental ability that can handle the monthly rents these kinds of places will command. They’ll start at $12,000 at the complex that Maplewood Senior Living and Omega Healthcare Investors Inc. are putting up on Second Avenue and 93rd Street. Some will top more than $20,000 at the building Welltower Inc. and Hines are about to break ground for o...

ICE raids hits Roaring Fork Valley , Carbondale approves policies to ‘gain the trust of immigrants’" title="The Home Front: As word of ICE raids hits Roaring Fork Valley , Carbondale approves policies to ‘gain the trust of immigrants’" /> “Carbondale trustees have approved new town policies in an attempt to gain the trust of immigrants, while word has spread of arrests by federal immigration officials in the Roaring Fork Valley ,” reports The Glenwood Springs Post -Independent . “Ted Hess, a Glenwood Springs immigration attorney , said that several of his immigrant contacts reported numerous arrests early last week by Immigration and Customs Enforcement agents , though that activity is difficult to verify. Hess said all he has is anecdotal evidence, but he received seven phone calls Aug . 14 from people reporting ICE arrests and activity, and similar accounts followed later in the week. ICE has arrived, he said, and these kinds of raids will be a feature...

Along Florida's Turnpike in South Miami -Dade, where potato farms and fields of row crops stretched all the way to the visible horizon at the time when Hurricane Andrew struck , it’s virtually all rows of close-packed houses and townhomes today. Now the unavoidable noise walls are going up to forever block vistas once among the most beguiling in South Florida. Along South Dixie Highway , where scraggly lots, small farm fields and vegetable- and fruit-packing houses once mixed it up with used-car lots and budget motels, the landscape is a cornucopia of strip malls, Publix and Wal-Mart stores and fast- food chain restaurants . And everywhere there is traffic, backed up one way in the morning, when three-quarters of all employed adults in South Miami - Dade head north to downtown Miami , Coral Gables or even Doral to work, and the other way when they drive back home in the evening. Lightning struck as thunderstorms swept through the ruins of Homestead in the days after Hurricane...

July 10 William Griffin Sr. to Catalina Espinosa Rodriguez , Ld: Lot, on the north side of Barnes Street, $60,800 Brenda Thomas Tharpe to K&G Investments LLC , Ld: Executor’s Deed, Lot 7, Block B Subdivision: Haltom Hills, $80,000 Brenda Thomas Tharpe to K&G Investments LLC , Ld:, Tract A R-50 2362 Executor’s Deed, $20,000 Brantley Chin Yu and Shannon Faye Yu to Good Faith Management LLC , Ld:, 1856 Formosa Drive, Lot 21, Block W Subdivision: F R Miles Section Five, $34,000 Cloreta Marshall and Robert Rhodes to Cloreta Marshall and Brian Marshall , Lot 7, Block B Subdivision: Tara Pines, $54,000 William W. McCartney and Luciann M. McCartney to Paul C. Mann and Sara N. Mann, Lot 4, Block Subdivision: Aumond Tract, $482,500 Roger Alan Barnes, Bobby Lee Barnes and Sandra Kay Phillips to Good Faith Management LLC , Ld: Lots 13 &14, Plat Book 17-D 116, $5,000 Jay W. Foster to Austin T. Cochran, Ld:, Lot 17, Block Subdivision: Bedford Heights Section A, $102,000 Lucille Sul...