The 234 Apartment

LOS ANGELES--( BUSINESS WIRE )-- Lowe Enterprises Investors (LEI), in joint venture with an institutional investor, has acquired The Reserve Glenview , a 239-unit transit-oriented apartment community which opened in 2015, located in the premier North Shore submarket of suburban Chicago. Set on 7.59 acres at the intersection of Waukegan and Golf Roads, it is immediately adjacent to the Golf Transit Metra Station and a new retail center providing grocery, restaurants, shops and services. “The Reserve Glenview is a well-designed, new community with a prominent location in North Shore, one of the best performing rental markets in suburban Chicago,” said Andy Sands, managing director, LEI. “It provides easy access to the area’s major employers and is steps away from public transit for commuting to downtown Chicago.” Located at 195 Waukegan Road, the community is designed with three-story buildings wrapping around a center parking structure . The community is an attractive option for p...

PHOENIX, Aug. 21 -- Hines issued the following news release: Hines, the international real estate firm , has entered into a joint venture agreement with New York Life Real Estate Investors , on behalf of its institutional client , as its equity partner to develop the Offices at Chandler Viridian .The Offices at Chandler Viridian is a six-story, Class A office building with 250,000 square feet of space located at the intersection of Loop 101 and Loop 202 near the Chandler Fashion Center ."The Offices at Chandler Viridian is a highly desirable office building offering users the connectivity needed in today's business world. The addition of New York Life Real Estate Investors ' institutional client creates a powerhouse partnership for this project," said Chris Anderson, managing director and Arizona leader for Hines. "Without leaving the Chandler Viridian campus , tenants will be able to stay at a beautiful new hotel, live at a luxury multifamily complex , ea...

Cherry Creek Square shopping complex is set to be redeveloped along with another nearby property . Photos by Burl Rolett." /> The Cherry Creek Square shopping complex is set to be redeveloped along with another nearby property . Photos by Burl Rolett. One of Cherry Creek’s most active developers plunked down $35 million last week for two plots of prime Cherry Creek real estate with plans for fancy apartments and a new hotel. BMC Investments plans to turn two buildings along St. Paul Street and another on Josephine Street into two apartment buildings up to seven or eight floors tall and a cheaper hotel for travelers who don’t want to shell out top dollar. The three projects will total between $150 million and $ 180 million worth of development, company CEO Matt Joblon said. “We are the biggest believers of Cherry Creek long term , and we’re looking to do as much as possible here,” he said. “We want to commit a lot of our resources, money and time in buying and building ...

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....

Cherry Creek Apartments, at 1100 Crystal Spring Lane off Central Pike in Hermitage, is BC Property Investments’ latest Nashville purchase. (Photo: Submitted) Story Highlights 627- unit community the third local acquisition for BC Property Investments LLC in just over two years A Miami- based real estate investment firm has bought the 627- unit Cherry Creek Apartments in Hermitage for $86.5 million. The deal is BC Property Investments LLC 's latest Nashville - area apartment acquisition in the past year and a half. Locally, the company owns the 624-unit Lakes of Bellevue apartments in Bellevue and the Viera Cool Springs apartments in Franklin. BC Property acquired Cherry Creek Apartments , which is at 1100 Crystal Spring Lane off Central Pike, from the Norfolk, Va.- based private real estate investment and management firm Harbor Group International . Amenities include three resort-style pools, tennis courts, a car care center , a pet park, fitness center, sand volleyball ...

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...

Firm buys apartment complexes in Marina del Rey and Venice for $100 million. financial partner UBS Global Asset Management bought the 475,000-square-foot Riverside Plaza from Westminster Funds for about $85 million." alt="Vestar and financial partner UBS Global Asset Management bought the 475,000-square-foot Riverside Plaza from Westminster Funds for about $85 million." /> Vestar and financial partner UBS Global Asset Management bought the 475,000-square-foot… (Vestar ) Colorado apartment landlord Archstone broadened its Southern California empire this month by spending more than $100 million on seaside properties in Venice and Marina del Rey . Archstone, which operates upscale apartments in coastal markets, bought the Frank, a 70-unit complex on Rose Avenue in Venice, for $56.2 million. It also purchased the Bay Club, which has 205 units -- and 207 boat slips -- on Tahiti Way in Marina del Rey for $43.95 million. The Frank, which was renamed Archstone Venice ...

HENDERSON, NV - Roxborough Fund I, an affiliate of San Francisco- based real estate investment firm The Roxborough Group, LLC in partnership with Continental Realty Advisors , a Denver-based multi- family investment and management firm , completed the acquisition of Turtle Creek Apartments , located in the Las Vegas suburb of Henderson, Nevada.  Deal terms remain undisclosed .The 400- unit apartment complex is located in Henderson, Nevada, one of the most desirable submarkets of Las Vegas. The property's immediate location is particularly attractive due to its close proximity to Union Village, a 155 acre health care complex currently under construction on its first phase (Henderson Hospital), which is due to deliver in October 2016. Turtle Creek will benefit from the new hospital, which is anticipated to create over 700 new jobs. Also, Union Village is expected to create 17,000 direct and indirect jobs after full build-out. The property is located near a strong amenity b...

A pair of North Charleston apartment complexes recently changed hands . Miami-based real estate investment firm Monument Capital Management , an A-Rod Corp. company, recently acquired the 222-unit Plantation Flats apartments at 2181 Dunlap St. behind the former HHGregg store off Rivers Avenue. The purchase price for the 15-acre complex was $21.6 million, according to Charleston County property records . The previous four owners — Alba Florida Rentals SPE, Alba Florida Investments SPE , JPM Naples SPE and Summit Place SPE  — paid $14 million for the apartments in 2015, records show. They also announced plans to invest $2 million in the property. +1  Alston Arms Apartments (copy)" class="img-responsive lazyload full" width="1848" height="1121" /> Alston Arms Apartments in North Charleston recently sold for $12.1 million to a New Jersey company. Leroy Burnell/Staff Meanwhile, the 160-unit Alston Arms Apartments at 2410 Alston Ave . off ...

TORONTO / DALLAS, TX, Oct. 30, 2014 (Canada NewsWire via COMTEX) -- Milestone Apartments Real Estate Investment Trust (MST.UN) ("Milestone" or the "REIT") today announced that it has completed the purchase of Villas at Shadow Creek ("Shadow Creek" or the "Property"), a 560- unit multifamily apartment community located in the Pearland submarket of Houston, Texas, for a purchase price of US$74.0 million. This acquisition was previously announced by the REIT on September 15, 2014. Shadow Creek was built in two phases in 2006 (296 units) and 2007 (264 units) and is currently approximately 95% occupied, with average monthly rents of approximately US$1,200 per unit. The Property's average in-place rents are higher than the REIT's portfolio average in part due to a higher proportion of two and three- bedroom apartment suites . Shadow Creek has the potential for a value- add program relating to unit interior upgrades . The Property features ...

A pair of west suburban apartment complexes have sold for a combined $59 million to investors that plan to fix them up and hike rents. In the bigger deal, Rockwell Partners said it paid $34 million for 313 units in the Huntington Condominiums in Naperville, a property that was converted to condos before the crash but never sold out. Chicago- based Rockwell aims to “deconvert” the property back to apartments by buying back the 43 condos sold by the previous owner, an affiliate of Inland Real Estate Group , said Rockwell Principal Jason Fishleder . That means negotiating deals with every condo owner, a time-consuming and complicated process. The firm wants “to help these condo owners get out whole if not more than whole if we can,” he said. In the second deal, Sinatra & Company Real Estate , a Buffalo investment firm , has paid $25 million for Timber Creek Apartments in Woodridge. Sinatra plans to spend another $4 million to $8 million renovating the 304-unit property at 3421 Fox...

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...

NEW YORK (Reuters) - Lehman Brothers Holdings Inc agreed to sell property group Archstone to two real estate investment trusts for about $6.5 billion, taking advantage of a strong market for apartments and marking an end to a 2007 gamble that helped push the investment bank into bankruptcy. The buyers, Equity Residential ( EQR.N ) and AvalonBay Communities Inc ( AVB.N ), will split the assets 60-40 and will also take on Archstone's debt, for a total transaction value of $16 billion. Lehman collapsed at the height of the financial crisis in 2008, in part because of soured real estate bets , including the $23. 7 billion leveraged buyout of Archstone. The firm filed for bankruptcy and has been liquidating assets to pay back creditors , who are still owed more than $30 billion. Archstone, one of the largest owners of U.S. apartments, has a large portfolio of properties in metropolitan areas, where apartment buildings have been pricey and difficult to come by. The acquisition would...