The 234 Apartment

“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 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...

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....

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.” ...

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...

Another program, run by the Urban Homesteading Assistance Board , works with the city on co-op conversions of buildings taken over from delinquent landlords. Tenants help with renovations and can eventually buy the units for low prices. About 30,000 apartments are in the program, which is administered by the city’s Department of Housing Preservation and Development. Since 2003 the city’s Housing Development Corporation has also been partnering with both for-profit and nonprofit developers to create new affordable apartments — 1,767 units in 21 buildings. The benefits of promoting homeownership in this way extend far beyond the individual owners, said Andrew Reicher, the executive director of the Urban Homesteading Assistance Board . “In the Lower East Side , in Harlem, in Bed-Stuy,” he said, “these owners stuck it out and struggled to improve their block, and improvements spread from their work. And they are not displaced when the neighborhood turns around.” Of course, the question fo...

WITH the median price of an apartment in Manhattan topping $1,000 a square foot, homeownership is often far out of reach. But there are options for those who cannot afford the market rate, including co-op apartments for buyers who earn a certain percentage of the area median income , or A.M.I. These buildings are scattered all over the city. Some date to the 1950s; others are brand-new and still looking for buyers. Some are limited to those who earn less than the median income -- 60 or 80 percent, for example (the median for a family of four in New York City is $83,000). Others have apartments for those earning a bit more than that sum. Many new developments try to bring in owners from different economic backgrounds, and are likely to include market-rate units as well. At one recent development, Atlantic Terrace, near the new Nets arena in Brooklyn, similar one-bedroom apartments were priced at $85,000, $113,000 and $232,000, depending on the buyer's income. A market-rate one-be...

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...

Austin, Texas, Aug. 22, 2017 (GLOBE NEWSWIRE) -- Campus Advantage® and Pinecrest have broken ground on a 197-unit, 489- bed ten story student housing community near the University of Pittsburgh and Carnegie Mellon University in Pittsburgh, Pennsylvania. Located on Forbes Avenue, The Bridge on Forbes fronts onto the main retail corridor for students attending both universities and is also located steps away from UPMC – Montefiore and Magee Womens Hospital in the thriving Oakland neighborhood of downtown Pittsburgh. The community will feature fully-furnished studio, 1-bedroom, 2-bedroom and 3-bedroom apartments and offer residents a walkable location to the University of Pittsburgh and Carnegie Mellon University campuses . Each fully-furnished residence will include a living room TV , dishwasher, microwave, high-quality range, quartz countertops, refrigerator, in-unit washer and dryer, cable and high-speed internet, all of which will be included in monthly rental rates . Each indivi...