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...

Earlier this month, Skift published a comprehensive look at Airbnb’s Road to an IPO, or initial public offering on the stock market. While the story primarily focused on all of the many things the company is doing (and needs to do) as it pursues that inevitable IPO, it wasn’t necessarily a story about what it takes for a company like Airbnb to go public. Indeed, what Airbnb is doing right now in its efforts to become a “super brand of travel,” or a new breed of online travel agency (OTA), speaks to the very future of travel. Already, we’ve seen the company expand into tours and activities with the November launch of its Trips business, adding to its already robust 4-million-listing- strong Homes business . CEO Brian Chesky has also hinted the company may soon enter the flights sector as well. It’s a glimpse of what we as travelers can expect to see and to experience in the next few years as platforms like Airbnb continue to evolve and to attempt to solve the many pain points we st...

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...

NEW YORK, Aug. 23, 2017 (GLOBE NEWSWIRE) -- Greystone, a real estate lending , investment and advisory company , today announced its closing of a $550,000, 000 permanent Freddie Mac loan made to joint-venture partners The Moinian Group and SL Green Realty Corp . for Sky Residences (“Sky”), one of Manhattan’s premier mixed-use residential buildings . The Greystone Bassuk debt advisory team , led by Richard Bassuk and Drew Fletcher, represented the Borrower and assisted in obtaining the Freddie Mac loan through Greystone’s Affordable Lending team . The transaction marks the largest-ever single-asset tax- exempt financing completed by Freddie Mac and a first-of-its- kind private placement structure that includes permanent financing for hundreds of affordable housing units in New York City. Steve Rosenberg , CEO of Greystone, together with Billy Posey, Joe Mosley, and Jeff Englund, collaborated with Freddie Mac on the structure for Moinian and SL Green, and spearheaded the loan proc...

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...

Johnson Chrome was a notorious big spender with a taste for bottle service , bespoke suits and $10,000 shoes. The source of his wealth? A sophisticated identity theft scheme that may have conned Torontonians out of millions. The untold story of the city’s most wanted fraudster Photographs: All portraits via Facebook; background by iStock T he fraudster who called himself Johnson Chrome liked to sit on a bench at the intersection of Hazelton and Yorkville, smoking a Montecristo Edmundo robusto and talking about fashion, cars and cigars to anyone who’d listen. He was charming and handsome, with a neatly trimmed beard , a shaved head and perfect teeth. The perch placed him at the centre of the rarefied universe he’d come to inhabit. His condo, in the former Four Seasons hotel, was steps to the west, and he parked his black Jaguar at the Hazelton Hotel opposite . His gym, the sleek Equinox, was a minute’s walk northwest; his preferred cigar shop , La Casa del Habano , was to the sout...