The 234 Apartment

One district dominated San Francisco ’s luxury market when it came to both apartment and single- family home sales over the past year, according to a report out Monday from Paragon Real Estate Group . It’s an L-shaped stretch of four neighborhoods on the northern edge of the peninsula, including Pacific Heights , Presidio Heights , Cow Hollow and Marina. The tony area rises up on a ridge that overlooks the landmark Golden Gate Bridge and Alcatraz Island and is home to celebrities and historic mansions . More:  Check Out News from San Francisco ’s Luxury Market This area had the most single- family house sales over $3 million in the 12 months ending July 31 —a total of 77 deals at an average price per square foot of nearly $1,500, according to the report. It also dominated the city’s ultra- luxury transactions with nine sales for mansions priced over $10 million. The Pacific Heights- Presidio Heights district also led in the luxury apartment market . Over the past 12 months, there...

A Dallas- based real estate company has bought Woodhollow Apartments , 4502 Lake Shore Drive , and plans to remodel the interiors of its 220 units. The acquisition is part of Performance Properties ’ strategy to acquire 1, 500 upscale apartment units around the state. Woodhollow, which is located near Lake Waco and McLennan Community College , is a mix of one- and two- bedroom units averaging 741 square feet in size. It sits on 11 acres in a wooded setting, is 96 percent occupied, and amenities include a sand volleyball court , hot tub, two swimming pools and a dog park. Since 2013, partners David McQuaid and Todd White have focused on acquiring older apartments in need of repair. They have completed more than $73 million in transactions, amassing more than 1,000 units in Dallas and creating $10 million in gross annual revenue , according to a company news release . The company said acquisitions so far generally have required major renovations inside and out, but...

The Horizons at Rock Creek apartments in Superior have been sold in the largest multifamily transaction in Colorado history . In a deal that closed Monday, real estate investor Bell Partners of Greensboro, N.C., will pay about $250 million for the 1,206- unit luxury apartment complex to the southeast of U.S. 36 and South 88th Street . It marks the first western U.S. acquisition for Bell Partners, whose $ 5 billion apartment portfolio is based primarily in the Southeast. “They were looking for an opportunity to get into this market and establish a beachhead,” said Terrance Hunt, executive managing director of ARA, a Newmark Co., which brokered the transaction. “This was a prime opportunity for them to set up shop here.” The 80- acre property features a 13-acre lake and a 24,000-square-foot clubhouse. Horizons at Rock Creek sits west of the Interlocken business park and the FlatIron Crossing mall in Broomfield. “They will really be able to take advantage of the Interlocken mar...

Home » Luxury Homes » Michelangelo Would have Loved This Incredible Villa from Tuscany Italy still remains one of the best countries in the world to purchase your next luxurious property, and buying this extraordinary villa, found in the charming village of San Casciano in Val di Pesa, is definitely a once-in-a-lifetime opportunity. Nestled just a few minutes outside of Florence, this historic estate shows off 16 bedrooms and 14 bathrooms, not to mention a total of 12,917 square feet of incredible living spaces , decorated in the most alluring way possible. The spacious, elegant and grandiose 16th- century Palazzo before you sits in one of Chianti’s most prestigious areas, but what might be even more interesting is that the design of this lavish estate has been attributed to a young Michelangelo , whose father was mayor in the local village. It’s safe to assume that any of your friends or family members will feel impressed by that name. The estate’s Italianate gardens offer a breath...