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Oakbrook Investments LLC Sells 272 Shares of Mid-America Apartment Communities, Inc. (MAA)

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America Apartment Communities logo" title="Mid- America Apartment Communities logo" class="companylogo" /> Oakbrook Investments LLC decreased its position in shares of Mid- America Apartment Communities , Inc. (NYSE:MAA) by 5.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4 ,551 shares of the real estate investment trust ’s stock after selling 272 shares during the period. Oakbrook Investments LLC ’s holdings in Mid- America Apartment Communities were worth $480,000 at the end of the most recent quarter. Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MAA. Roanoke Asset Management Corp NY increased its position in Mid- America Apartment Communities by 48.0% in the second quarter. Roanoke Asset Management Corp NY now owns 3,625 shares of the real estate investment trust ’s stock worth $3...

Forest Hills apartment owners making big changes after years of failed inspections

In the spring of 2015, residents of the Forest Hills Apartment complex complained about their air conditioners not working, mold in their apartments, outdated fire extinguishers , broken electrical outlets and slow response times from the management company . Now after about 18 months of renovations, things are starting to improve, residents say. “They’ve got a new manager, Ms. Eunice, and she is really, really trying to get some stuff done here,” Joyce Mosley, a long time resident of Forest Hills, said. “She has repaired several apartments, taken care of mold issues. They’ve sent in painters and plumbers.” Resident Keith Miller agreed . He said on a scale of 1 to 10, he’d give the new management an eight, primarily for their effort. He said things are not perfect, but he sees some improvement. Forest Hills has had a history of troubles in recent years. The 136- unit apartment complex is on Seventh Avenue and has 96 apartments reserved for residents who receive federal housing su...

New Jersey firm to finish Allentown apartments after developer charged in Ponzi scheme

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Summit Ridge luxury apartment development on River Road in Allentown" alt="Construction has resumed at the Summit Ridge luxury apartment development on River Road in Allentown" /> Construction has resumed at the Summit Ridge luxury apartment development … (MICHAEL KUBEL, THE MORNING…) April 30, 2013 | By Peter Hall, Of The Morning Call Nearly three years after construction stalled at the Summit Ridge Apartments on Allentown's east side, a New Jersey real estate firm has picked up where the project's bankrupt developer left off. After foreclosing on the property and winning an $8.3 million verdict in Lehigh County Court , Diversified Realty Associates of Summit, N.J., aims to complete the luxury apartment buildings by the end of the year. The project's hiatus, which left some residents living amid an abandoned construction site , was the result of former developer David Connolly 's financial meltdown that led federal prosecutors to charge him l...

• Amber Trace Apartments • Greensboro • North Carolina •

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Apartment complex proposed for ‘downtown’ Lynbrook | Herald Community Newspapers

By Mike Smollins Village of Lynbrook officials are mulling a proposal by development company Mill Creek Residential to build a luxury apartment complex on Rocklyn Avenue, near Merrick Road. Hot Skates, Fun Station USA and Hi Tech Security now occupy the three-acre site. “Today’s apartment residents are craving a downtown living experience along with convenient access to a mix of urban and suburban lifestyle experiences ,” Russell Tepper, a senior managing director at MCR, wrote in an email to the Herald. “Lynbrook’s new residential community would serve all types of residents … so that they may take advantage of the luxuries of suburban living , without sacrificing the trappings of an urban, modern lifestyle.” MCR acquires and operates high- end rental communities across the country, and has built complexes in West Hempstead, Mineola, Yonkers, Westchester County and New Jersey. Tepper said that the company would create a transit- oriented residential community — a walkable nei...

Canyon Creek, Foxfire apartment complexes in Tulsa are sold | Real Estate

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Two Tulsa apartment complexes have been purchased by separate investors for more than $16 million. The properties include Canyon Creek Apartments at 2102 E. 51st St. and Foxfire Apartments at 7324 S. Wheeling Ave., Tulsa County land records indicate. The 384- unit Canyon Creek Apartments was purchased for $9.6 million in a joint venture by Investors Properties Services of Irvine, Calif., and Oro Capital Advisors of Los Angeles. Michael Chesser, president of apartment income investors for IPS, said the company was attracted to Canyon Creek because Tulsa made a favorable impression. "We own properties all over the country, and we're interested in Tulsa because of its stability and the favorable economic conditions there," he said. In fact, Chesser said the company will close on the purchases of four more Tulsa apartment properties this spring. Although Canyon Creek's occupancy has suffered somewhat from the construction on Interstate 44 near Lewis Avenue...

• Tintara at Canyon Creek Apartments • Austin • Texas • tintara.prospectportal.com

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Apartment tower in Bay Village wins approval

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DEVELOPMENT Apartment tower in Bay Village wins approval An apartment tower in Boston’s Bay Village neighborhood cleared a key hurdle this week when it was approved by the city’s Zoning Board of Appeals. Despite concern from some residents that the 199-foot building was out of scale with the low- slung brick neighborhood behind it, ZBA members voted unanimously Tuesday to approve the project. Transom Development wants to put 133 apartments on what’s now a surface parking lot and empty lot alongside the Revere Hotel. They hope to start construction in spring of 2018. — TIM LOGAN TRANSPORTATION Peter Pan reaches settlement in disabilities discrimination case A Massachusetts bus company accused of discriminating against passengers with disabilities has reached a settlement with federal prosecutors that resolves the allegations. The US attorney’s office in Boston said Wednesday that Peter Pan Bus Lines Inc. violated federal law by failing to ensure its motor coaches were access...

Archstone Starts Construction on New Community

BERKELEY, CA - Archstone, a leader in apartment investment and operations, today announced the start of construction on its first apartment community in Berkeley, Calif. The 94- unit apartment community , Archstone Berkeley on Addison, will be located at the corner of Third and Addison, just blocks from the Berkeley Marina and the San Francisco Bay . The apartment community ’s location offers easy access to a vast array of professional jobs, shopping destinations , dining options and public transportation. “Berkeley is an incredible city and an excellent fit for an Archstone apartment community . It is a highly desirable place to live, has limited land on which to build new housing and has a strong, diversified economy,” said Amir Massih, Archstone’s group vice president of development for the San Francisco Bay Area . “We’re excited about starting this project and look forward to providing an outstanding addition to the neighborhood and for our future residents.” ...

• Turtle Creek Apartments • Rogers • Arkansas •

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Turtle Creek - Apartments in Las Vegas, NV Welcome to the neighborhood. Turtle Creek is a brand new gated apartment community located in Las Vegas on the cusp of Henderson. We offer one, two and three bedroom ...  Turtle Creek Branson 's Best Apartments : Best Place to Live in ... Turtle Creek Branson Apartments for Rent | Branson Community Town home | Rental Properties in Missouri  Frankfort Apartments for rent at Turtle Creek Apts Managed By ... Welcome. Studio, 1, & 2 Bedroom Apartments for rent in Frankfort Indiana. Are you looking for the perfect apartment home in Frankfort, Indiana? Turtle Creek Apartment ...  Hawthorne at Southside formerly Turtle Creek Apartments ... Check availability and view photos, apartment amenities and community features for Hawthorne at Southside formerly Turtle Creek apartments in Asheville, North Carolina  My Stonemark Property - Turtle Creek Apartments - Savannah, … Nestled in beautifully landscaped grounds with cent...