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Dallas company buys Woodhollow Apartments on Lake Shore | Business

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...

Young Park Ridge woman found slain in her Florida apartment

PARK RIDGE — Police are investigating the killing of a Park Ridge woman found dead inside her Florida apartment on Tuesday. The body of Nicole Franco, 19, was found early Tuesday morning in her Oakland Park apartment , the Broward County Sheriff ’s Office said on Thursday. Franco had called 911 at 3:29 a.m. to report that someone was breaking into her home, but only gave dispatchers the apartment complex's address, not her apartment number, investigators said. Officers went door-to-door at Bridgewater Place, looking for signs of a break-in. They found an open sliding glass door to a first-floor apartment, and found Franco's body inside, investigators said. Authorities have not yet released information on how Franco was killed, but said her death is being investigated as a homicide. The day after her death, just two miles away, the body of another teen was found in the yard of an Oakland Park home , NBC reported. Franco reportedly knew the victim, 17-year-old Amaya Cruz, bu...