The 234 Apartment

December 4, 2011 by: Helen Thomas in New York The estate of bankrupt Lehman Brothers believes that Archstone – the apartment company that Bank of America and Barclays have agreed to sell part of their stakes in – is worth $1bn more in equity value than the price at which the two banks have struck their deal, people familiar with the matter said. The estate is considering mounting a matching bid to derail the banks’ deal with Equity Residential , the real estate company headed by Chicago mogul Sam Zell . EQR said late on Friday that it had agreed to pay $1.325bn in cash for a 26.5 per cent stake in Archstone, which was taken private at the height of the property boom. The deal values it at about $ 16bn including debt . However, the agreement with EQR triggers a right of first refusal for the estate of the investment bank, which filed for bankruptcy in 2008, to buy the stake. People familiar with the matter said that should Lehman exercise its right to match the offer, the banks hav...

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...

OAK BROOK, Ill.--( BUSINESS WIRE )-- Inland Real Estate Acquisitions , Inc. announced today that it negotiated and helped close the purchase of Black Feather Apartment Homes , an 83- unit multifamily property located in Castle Rock, Colorado, a southern suburb of Denver. Matthew Tice, senior vice president of Inland Real Estate Acquisitions, Inc., facilitated the transaction, with assistance from David Neboyskey, assistant vice president and associate counsel of The Inland Real Estate Group , LLC, Law Department, on behalf of an Inland affiliate . Located directly off I-25 in a major retail corridor of Castle Rock, the property was recently constructed in 2016 and features a mix of townhome, three-story walk-up apartments and owned condominium units . The transaction consisted of 48 two-bedroom, 32 three-bedroom and three four-bedroom apartments with 49 detached and 28 attached garages and 131 open parking spaces. Each unit at Black Feather Apartment Homes features nine-foot cei...

ARTICLE OPTIONS Throughout his early 60s, Brad Buchner and his wife, Elizabeth, lived in the kind of house that many near-retirees dream of: a peaceful, manageable ranch- style property tucked in a quiet Poconos town surrounded by trees, lakes, and plentiful open space . Costing anywhere from $30,000 to $150,000, tiny homes designed by Escape Homes enable anyone to travel around the country in a single-family home. As it turns out, however, that’s exactly what Buchner and his wife don’t want as they think about the next years of their lives. Three years ago, the Buchners packed their things and headed to Philadelphia, settling down in a Center City rental . As if ditching their longtime rural digs weren ’t enough, the pair also abandoned spaciousness, swapping their three-bedroom, two-bathroom home for precisely 345 total square feet . The transition has meant parting ways with a fully finished basement and a home office, and adjusting to an ovenless kitchenette and two miniature...

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 ...

OAK BROOK -- Inland Real Estate Acquisitions helped close the purchase of Black Feather Apartment Homes , an 83- unit multifamily property in Castle Rock, Colorado, a southern suburb of Denver. Terms of the acquisition were not announced. The property was constructed in 2016 and features a mix of townhouse, three-story walk-up apartments and owned condominium units . The transaction consisted of 48 two-bedroom, 32 three-bedroom and three four-bedroom apartments with 49 detached and 28 attached garages and 131 open parking spaces . Each unit at Black Feather Apartment Homes features nine-foot ceilings, stainless steel appliances , granite countertops and a full-size washer and dryer. The property also provides residents with access to a community swimming pool , clubhouse and barbecue areas. As of August 1, the property was 96.4 percent occupied. Matthew Tice, senior vice president of Inland Real Estate Acquisitions , Inc., facilitated ...

W hether it is travelling on a budget or seeking out luxury, finding a secret island or planning a pet-friendly escape, holidaymakers are jumping on the growing trend of travel concierges. With a contacts book of the hottest names across the globe, these facilitators can jump the waiting list at Noma, hunt down the finest embroidery in Rajasthan (Andraab, Jaipur), order from the top pastry shop in Paris (Goût de Brioche, St Germain) and bag the best family beach spot in the Mediterranean ( St George Beach , Naxos, Greece).  Ten years ago , travel concierges were the preserve of high-net-worth individuals. Now, their services are accessible to a wider demographic, from business executives and single parents to gap-year students and extreme adventurers.   Millennials are driving the trend with their reliance on digital access and expert advice, a need heightened by a saturated internet and a world that is increasingly on fast-forward. “Time is one of the most precious things and one mo...