The 234 Apartment

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...

Dubai- based property developer Invest Group Overseas (IGO) will invest Dh2 billion in new real estate projects over the next few years, its CEO said. The group on Monday launched Dh500 million freehold residential tower in Jumeirah Lake Towers , equipped with 440 units of one-, two-, and three-bedroom apartments and plans a couple of more residential projects by 2020, said Dr Anas Kozbari , CEO of IGO: "We handed over Polo Town Houses last year and now we are in the process of handing over last group of apartments from Polo Residences in Meydan. We have additional projects that will add Dh2 billion worth of our investments up to 2020. Two projects will be launched during the course of the years. They are more likely going to be residential towers ," he noted. Scheduled to complete in Q4 2020, the IGO 101 tower in JLT houses gym with showers and saunas, a health club and squash court, outdoor swimming pools , jacuzzi and sundeck with loungers overlooking the lake belo...

Manhattan is about to become a testing ground for what could be the next luxury real estate boom . Well, maybe mini-boom, considering the rather narrow target group : frail urban seniors with fat bank accounts . Developers are spending hundreds of millions on high-end assisted- living apartment projects , one on the Upper East Side and one in Midtown, and aiming for more in the area and across the U.S. The bet is that there are sufficient numbers of the affluent and aging in big cities who won't want to leave their neighborhoods, even as they suffer cognitive decline . It is, of course, a rather small group of any age or mental ability that can handle the monthly rents these kinds of places will command. They'll start at $12,000 at the complex that Maplewood Senior Living and Omega Healthcare Investors Inc. are putting up on Second Avenue and 93rd Street. Some will top more than $20,000 at the building Welltower Inc. and Hines are about to break ground for on the corner of ...

(Bloomberg)—Manhattan is about to become a testing ground for what could be the next luxury real estate boom . Well, maybe mini-boom, considering the rather narrow target group : frail urban seniors with fat bank accounts . Developers are spending hundreds of millions on high-end assisted- living apartment projects , one on the Upper East Side and one in Midtown, and aiming for more in the area and across the U.S. The bet is that there are sufficient numbers of the affluent and aging in big cities who won’t want to leave their neighborhoods, even as they suffer cognitive decline . It is, of course, a rather small group of any age or mental ability that can handle the monthly rents these kinds of places will command. They’ll start at $12,000 at the complex that Maplewood Senior Living and Omega Healthcare Investors Inc. are putting up on Second Avenue and 93rd Street. Some will top more than $20,000 at the building Welltower Inc. and Hines are about to break ground for o...

NEW YORK – Aug. 22, 2017 – With all the talk about aging baby boomers and life- extending health care advances , it might be a bit bewildering deciding which seniors housing assets are best primed for success. Lee Everett, managing consultant at research firm CoStar Portfolio Strategy , might be able to provide some clarity. Two product types – active adult communities and continuing care retirement communities (CCRCs – will be the winners in the seniors housing race both in the short and the long term, Everett says. Everett and his CoStar colleagues are bullish about active adult communities , which are age-restricted developments that offer an independent lifestyle and relatively maintenance-free housing. Growth in this segment is "just around the corner," with more baby boomers getting older and seeking alternatives to traditional homes and apartments. "We're looking at a period where there's going to be a lot of fast and explosive growth in active a...

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 ...

“It’s kind of in my bloodline,” said Jack Barr. Contests, events & more from Tyee and select partners His great-grandfather, grandfather, and father were all Freemasons. Barr followed in their footsteps, and is the president of the Vancouver Masonic Centre Association today . As political scientist Robert Putnam noted in his famous work Bowling Alone , community groups like the Freemasons have been declining for the last few decades. Religious groups like the Roman Catholic Knights of Columbus, military groups like Legions, service clubs like Rotary and Kiwanis, even youth scouting groups and bowling leagues have seen participation plummet. Some longtime churches have also seen congregations shrink dramatically . Barr says freemasonry’s most recent heyday was the late-1960s and early-1970s. But the organizations are still around, and many own property. A number of groups are facing the question of what to do with their land and buildings as needs change, along with their abili...

Monday 21 August 2017 Dubai- based developer Invest Group Overseas (IGO) has announced the launch of a new Dhs500m ($136.1m) tower in Jumeirah Lake Towers . Construction of IGO 101 is scheduled to begin in December and forms part of the firm’s plans to invest Dhs2bn ($544.4m) in projects in the build-up to 2020, IGO said. The 195m tower in Cluster K will include 39 floors with 449 one-, two- and three-bedroom apartments, a gym, health club, squash court, outdoor swimming pools , a sun deck, a kid’s play area and retail and food and beverage outlets. IGO managing partner and CEO Dr Anas A Kozbari said the project would target the “affordable luxury” segment. “We intend to increase the inventory and plug a much-desired gap in the market for premium homes at affordable prices ,” he said. The project is expected to be completed in the fourth quarter of 2020 and will add to IGO’s current Dhs.4.5bn portfolio of delivered projects including the Polo Residences and the Polo Townhouses in M...

Copyright © 2015 Albuquerque Journal Platinum Apartments construction project employs a 60-foot- high building crane to lift prefabricated framing panels into place. Building cranes on an urban skyline are a common sign that a city is experiencing redevelopment. (Adolphe Pierre-Louis/Albuquerque Journal)" width="265" height="400" /> The Platinum Apartments construction project employs a 60-foot- high building crane to lift prefabricated framing panels into place. Building cranes on an urban skyline are a common sign that a city is experiencing redevelopment. (Adolphe Pierre-Louis/Albuquerque Journal) Optimism was in the air in early 2007 when preliminary plans got underway for a four- story housing project a block south of Central Avenue at the east end of Nob Hill. “Over the next decade, you’re going to see the entire landscape in that area change,” Chicago- based developer Rick Goldman told the Journal in an article from February of that year. Go...

SPRINGFIELD — A Central Oregon homebuilder wants to develop the largest new subdivision in Springfield since the years before the 2008 real estate crash . Hayden Homes filed plans this month for a 116-house subdivision dubbed “Louie Heights” on a large swath of vacant land near Jasper Road in the city’s southeast corner, planning documents filed this month by the firm show. Owned by prominent local developer and real estate manager Jack Louie , the 52-acre parcel between Jasper Road and the former Weyerhaeuser/­­Booth- Kelly logging truck road appears to be one of the largest undeveloped residential -zoned properties within Springfield’s urban growth boundary . Louie declined to comment on the plan, calling it preliminary. A Hayden Homes official listed as the project applicant didn ’t return a message seeking comment . Redmond- based Hayden Homes has built hundreds of houses and developed more than a half- dozen large subdivisions across Eugene and Springfield in the past two...

Pilot Will Create 1,000 Affordable Units Over Three Years on the Near North and West Sides CHICAGO–(ENEWSPF)–August 25, 2017. Mayor Rahm Emanuel today joined Alderman Walter Burnett and Alderman Joe Moreno to announce a pilot initiative to enhance affordability requirements for large residential development projects in gentrifying areas on the Near North and Near West sides, and along Milwaukee Avenue . Over three years, the initiative is expected to create up to 1,000 affordable units in areas that need them. “Access to affordable housing is critical to Chicago’s legacy as one of the world’s most livable big cities , especially as the real estate market undergoes unprecedented neighborhood development ,” Mayor Emanuel said. “This initiative will create more affordable units in targeted areas while helping the city to assess the most effective ways of meeting neighborhood affordable housing goals .” To be introduced to City Council on Sept. 6, the proposed improvements would be...