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...

As you do more banking by smartphone, that bank branch you used to visit may soon turn into a restaurant, a day care center or even a condo tower. After a branch building boom a decade or so ago, banks are closing offices by the thousands as more of their customers bank online . They're leaving behind space ready to be transformed into something else, whether an urban storefront or a free- standing brick building with a drive-thru in the suburbs. "If the real estate is strong, any number of things can happen to the property," says Kim McGuire, senior vice president in the Chicago office of CBRE. It's a problem or an opportunity, depending on your perspective, that will be here for a while. Banks operate about 89,300 branches in the United States today , down 8 percent over the past decade, according to Chicago- based real estate firm Jones Lang LaSalle . JLL expects an additional 20 percent drop over the next decade. In the Chicago area, the number of branches d...

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 ...

NEW YORK, Aug. 23, 2017 (GLOBE NEWSWIRE) -- Greystone, a real estate lending , investment and advisory company , today announced its closing of a $550,000, 000 permanent Freddie Mac loan made to joint-venture partners The Moinian Group and SL Green Realty Corp . for Sky Residences (“Sky”), one of Manhattan’s premier mixed-use residential buildings . The Greystone Bassuk debt advisory team , led by Richard Bassuk and Drew Fletcher, represented the Borrower and assisted in obtaining the Freddie Mac loan through Greystone’s Affordable Lending team . The transaction marks the largest-ever single-asset tax- exempt financing completed by Freddie Mac and a first-of-its- kind private placement structure that includes permanent financing for hundreds of affordable housing units in New York City. Steve Rosenberg , CEO of Greystone, together with Billy Posey, Joe Mosley, and Jeff Englund, collaborated with Freddie Mac on the structure for Moinian and SL Green, and spearheaded the loan proc...

“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...

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...

While all those clothes, shoes and bags you bought over the years have likely limited your chances of becoming a homeowner, it has certainly helped many in the fashion industry to continue climbing up the property ladder , snapping up impressive mansions in some of the wealthiest parts of the U.S. Here, WWD takes a look at fashion moguls ’ most expensive homes currently on the market across the country. MAX AZRIA’S L.A. MEGA-MANSION — $88M Fashion veteran Max Azria and his wife Lubov Azria are selling their Holmby Hills mansion known as Maison Du Soleil for $88 million, making it the sixth most expensive home for sale in Los Angeles. (The highest has a $ 350 million price tag .) At the same time, the Tunisian fashion designer ’s 60-room mansion, which dates back to the Thirties, is also on the market as a rental for a whopping $400,000 a month. Set on three acres, the 30,000-square-foot compound comes with 17 bedrooms, 22 bathrooms, a bathhouse and a 6,000-square- foot mov...

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 ...

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