The 234 Apartment

AT least two projects nestled in a mature residential precinct in District 9 near Somerset are being run as serviced apartments - despite not having the regulatory approval to do so - and a third one is opening. Oxley Thanksgiving Residence , a freehold condominium at 328 River Valley Road owned by Chinese temple Poh Ern Shih , and St Thomas Lodge , which also sits on freehold land at 32 St Thomas Walk , are listed for short-term stay on the website of accommodation service provider Atas Residence . The Business Times' visit to these projects confirmed that they are being run as serviced apartments. A third property, Devonshire Apartments at 17 Devonshire Road , has just undergone a major renovation, and the units there are understood to be starting a new chapter as serviced apartments this month. BT's query to the Urban Redevelopment Authority (URA) confirmed that these three properties are currently approved for residential use, but "do not have planning permission to...

A residential community with 250 town homes and 458 single-family houses is slated for Howell Branch Road in south Seminole County . Meritage Homes Corporation bought more than 200 acres on Howell Branch Road and east of Semoran Boulevard to develop a community being called Hawk’s Crest. The purchase price was about $40 million, property records show . New homes will have 1,600 to 5,200 square feet with three to six bedrooms. Prices are expected to range from $260,000 to $635,000 with sales starting in late 2018 and closings planned for early 2019, according to the company. South I-Drive acreage sells Windermere resident Alessandro Da Silva Oliveria purchased 9 acres of vacant land on South International Drive , Orlando, from the Southeastern Conference Association of Seventh Day Adventists Inc. for $950,000. The religious nonprofit plans to reinvest the proceeds to build a church at an undetermined Orlando location , according to a news release. NAI Realvest Partner Paul P. ...

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...

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...

House-hunters are increasingly “wedging” Melbourne’s inner suburban real estate market by targeting a small number of quality homes while ignoring comparable properties , real estate agents say. The weekend auction market saw above- market prices paid for some well-located homes but comparable, if slightly inferior properties tended to underperform. The trend to highly divisive auction results for similar properties was demonstrated by two auctions in Fitzroy held an hour apart on Saturday. 80 Gore Street, Fitzroy, passed in at auction on the weekend. At one sale, four buyers fought hard for an unusually wide terrace house at 124 Victoria Street. Quoted by Nelson Alexander at $1.85 million to $2 million, the three- bedroom corner property , which has a renovated rear stables as a separate retreat, instantly attracted a $1.85 million offer from a buyers’ advocate representing a local family. The price rocketed to an on-the-market $2,040,000 and kept going until the house was s...

1. The beach studio with pool Located only a 10-15 drive to downtown, this studio guest house is renovated and well maintained with lovely architecture, decor and design, including a mural, and a nice backyard. There is beautiful plant life as well as a fully functional kitchenette where you can fix yourself a home cooked meal . Guests can lounge comfortably in the chairs around the fire pit, get a good night’s sleep on the full-size couch or queen sized bed , and rinse off in the modern tiled shower . Airbnb Price : from 139.24 USD Number of Guests : 2 Book Now See similar vacation rentals in Long Beach and also compare the prices with hotels in Long Beach 2. Best downtown LB ocean view loft! This apartment is in a great location within walking distance to grocery stores, restaurants, and downtown Long Beach . You can also get to the Museum of Latin American Art , the Convention Center, the Aquarium of the Pacific as well as the beach. With a wonderful view (half of downtown Lo...

Alliance Residential, Dev Motwani nab $47M loan for mixed-use project in Pompano Alliance bought into the 4- acre waterfront site for $16M By Katherine Kallergis | August 11, 2017 01:45PM Broadstone Oceanside (Credit: MSA Architects) and Dev Motwani A joint venture between Alliance Residential and developer Dev Motwani broke ground on a major mixed-use project in Pompano Beach with a $46. 7 million construction loan , property records show . Earlier this week, Alliance Residential bought into the 4- acre waterfront site at 1333 South Ocean Boulevard for $15.83 million. Santander Bank provided the construction financing to the new owner, CRP/AR Oceanside Owner. The developers are building Broadstone Oceanside , an eight-story, Class A building with 211 apartments, nearly 2,800 square feet of ground floor retail space and a 432- space parking garage , according to a notice of commencement. Last year, the city approved the project, which includes seven two-story townhouses, a cl...

Apartment hunters may soon have another option when shopping for an affordable place to rent in Round Rock. The Round Rock City Council passed a resolution of non-objection last week allowing Pedcor , the developer of the Shadow Ridge Apartments , to move forward with efforts to receive state tax incentives to help develop the complex. Shadow Ridge Apartments " width="460" height="418" />Applicants must make 60 percent of the area’s median income, which is approximately $78,000, according to city of Round Rock Planning Director Brad Wiseman , in order to qualify for one of the 256 units planned for the development.  It will be located on the northwest corner of A.W. Grimes and Old Settlers Boulevard and will be one of only a handful of income- restricted apartment complexes in the city. “There is a huge need in this entire region and all across Texas,” said Craig Lintner, senior vice president of Pedcor, to the council during the meeting. Wiseman said th...

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...

Tintara at Canyon Creek Apartments | Austin Apartments Our Austin apartments at Tintara at Canyon Creek is a luxury community close to great dining, entertainment, and shopping. Call today for availability!  Tintara at Canyon Creek Ratings , Reviews, Map, Rents, and ... Rent at Tintara at Canyon Creek (formerly Jefferson Lakes & Jefferson Canyon ) and get a $200 reward from ApartmentSearch  Luxury Apartments Austin TX | Tintara at Canyon Creek Apartments Searching Luxury Apartments Austin TX with no luck? Look no further than Tintara at Canyon Creek Apartments . Browse our photos and Apply today!  Colonial Grand at Canyon Creek Apartments for Rent - Austin ... Colonial Grand at Canyon Creek apartments in Austin knows you're looking for luxury at a great value. Just moments from Lake Travis, our 1, 2 and 3 bedroom apartment ...  Monterone Canyon Creek Ratings , Reviews, Map, Rents, and ... Ratings & reviews of Monterone Canyon Creek (formerly Mansions at Cany...

A developer wants to demolish a 50-year-old apartment complex near Terrace and Rural roads to construct a multi-use building that would include 260 new apartment units . (Photo: Parker Leavitt/The Republic) Story Highlights University Village , built in the early 1960s, is set to be demolished near ASU The developer wants to replace the complex with a new student-housing community University Village 2 .0 would include 260 units and a small amount of commercial space An apartment community built in the early 1960s near Arizona State University will likely be demolished next summer to make way for a new five-story complex along Tempe’s light-rail corridor. Legacy Partners Residential , which manages University Village near Terrace and Rural roads, wants to build 260 apartments and a small amount of retail space on the five-acre property, according to city records. The neighborhood just east of ASU’s Tempe campus is home to several aging apartment complex es — built roughly 50 years ag...