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Some condos being run as serviced apartments, Business News

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AT least two projects nestled in a mature residential precinct in District 9 near Somerset are being run as serviced apartments - despite not having the regulatory approval to do so - and a third one is opening. Oxley Thanksgiving Residence , a freehold condominium at 328 River Valley Road owned by Chinese temple Poh Ern Shih , and St Thomas Lodge , which also sits on freehold land at 32 St Thomas Walk , are listed for short-term stay on the website of accommodation service provider Atas Residence . The Business Times' visit to these projects confirmed that they are being run as serviced apartments. A third property, Devonshire Apartments at 17 Devonshire Road , has just undergone a major renovation, and the units there are understood to be starting a new chapter as serviced apartments this month. BT's query to the Urban Redevelopment Authority (URA) confirmed that these three properties are currently approved for residential use, but "do not have planning permission to...

Portugal Dominated Angola for Centuries. Now the Roles Are Reversed.

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“And suddenly they were able to help us and to buy things that we cannot buy,” he said. “It was like a housekeeper buying your house. That is awkward.” The conditions in both countries created a perfect match: As Portugal reeled from a financial crisis a few years ago, Angolans were enjoying an oil boom that provided enormous opportunities for self-enrichment by the elite, particularly the president’s family and inner circle. Angola is often listed as one of the world’s most corrupt nations. And Portugal has been singled out for its laxness in reining in money laundering and bribery, particularly in its dealings with Angolans, according to the Organization for Economic Cooperation and Development, the research and policy organization of the world’s richest countries. “In Angola, they call Portugal the laundromat,” said Ana Gomes, a Portuguese lawmaker in the European Parliament and a member of Portugal’s governing Socialist Party . “It’s because it is.” But the two nations’ relationsh...

Archstone Begins First Asset in Berkeley

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Archstone Berkeley on Addison Berkeley, Calif.—Archstone has broken ground on Archstone Berkeley on Addison, the company’s first apartment community in Berkeley, Calif. The 94-unit asset will be located at the corner of Third and Addison, blocks from the Berkeley Marina and the San Francisco Bay . “Berkeley is an incredible city and an excellent fit for an Archstone apartment community ,” says Amir Massih, vice president of development at Archstone. “We’re excited about starting this project and look forward to providing an outstanding addition to the neighborhood and for our future residents.” The property’s amenity package will include a roof deck with a view of the Golden Gate Bridge , an open- air fitness center , and a pet salon. “This is the first Archstone development start in the Bay Area since completing the second phase of Archstone San Bruno in 2007,” adds Rick Lamprech , Archstone’s executive vice president of development for the West Region. “We’re pleased to be bac...

The Cherry Creek of the Future

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The population in Cherry Creek North is set to grow exponentially as development hits a crescendo. Can the area seamlessly transition from a retail destination to a mixed-use neighborhood? Cherry Creek has come a long way from its origins as a farming community established as the town of Harman in 1886. During the early 20th century , it was just a few houses, small farms and greenhouses on 320 acres. It was considered an economical place to live.  Fast forward to today, and the town's founder, Edwin Preston Harman , likely wouldn't recognize the area, which has evolved as Denver's premier shopping and dining district and one of the priciest neighborhoods in the region to call home. Cherry Creek is is undergoing yet another transformation with the development of new apartments, condos, office space, retail projects and a new hotel. The tony shopping district is experiencing the biggest construction boom it's seen in decades, fueled by developers wan...

People and Property: NH Real Estate and Construction News Rundown - New Hampshire Business Review

CLD Engineers acquired by Conn. firm, Hoefle joins Two International Group … and more By NHBR Staff Published: August 9, 2017 Shown at the official ribbon-cutting to mark the opening of the NH Liquor Commission ’s newest Liquor & Wine Outlet in Warner are, from left: T.A. Demoulas of Market Basket; David Swisher, manager of the Warner NH Liquor & Wine Outlet; Nicole Brassard Jordan , NHLC’s director of marketing; Executive Councilor Andru Volinksy ; John Matthews of Market Basket; Arthur Demoulas, CEO and Market Basket; NHLC Deputy Commissioner Michael Milligan ; NHLC Chairman Joseph Mollica ; former Warner Selectman David Hartman ; Tony Maiola, former NHLC commissioner ; former NH Rep. David Karrick; NH Rep. Clyde Carson; and David St. Hilaire, NHLC’s chief operating officer . Opera North has received a $150,000 grant from the Northern Border Regional Commission to renovate the main house on Blow-Me-Down Farm, across from the Saint- Gaudens National Historic Site in Concord....

Forest Hills Apartments Residents Speak, People in Power Respond.

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click to enlarge Wake County Housing Authority - THOMAS GOLDSMITH" /> Thomas Goldsmith Burnetta Smith, CEO of Wake County Housing Authority Residents of Forest Hills Apartments in Garner appeared March 20 with little fanfare to tell Wake County commissioners their story: they’d received short notice that they’d have to pay much higher rents and/or move out of the place that had long been home to many of them. By Wednesday night, ten days later, dozens of Forest Hills residents , led by community activist Octavia Rainey , drew a notable crowd to a meeting in a Garner church on the issue. And action at the federal and local level was underway to help residents who had been dismayed by their imminent removal. “To have done us this way was inhumane to us,” sixteen- year Forest Hills resident Janice Williams said during the meeting. Those who showed up included an aide to U.S. Representative David Price , six of the seven Wake County commission...