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Showing posts from February, 2018

New Auburn Avenue co-working space aims to foster big ideas

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Shares 355 By Amy Wenk and Maria Saporta As published in the Atlanta Business Chronicle on August 4, 2017 An Atlanta developer is planning an innovative co-working space along one of Atlanta’s most historic streets — a project that’s already lured high- profile investors including top Home Depot executives . Historic preservation developer Gene Kansas in front of the 135 Auburn Ave. building, which he and a group of investors have acquired to turn into a “Constellations” project on the second floor (Photo by Maria Saporta) Gene Kansas Commercial Real Estate plans to open Constellations, a $2 million project that will offer “culturally-inspired” workspace with the hope of bringing together great minds who care about making a difference in the city. It’s coming to the second floor of the circa-1910 former Southern School Book Depository at 135 Auburn Ave., a building that was designed by famed Atlanta architect Neel Reid . Constellations will replace the Southern Education Foundati

312 apartments going up near Promenade at Castle Rock

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Embrey Partners Ltd. will build a 312- unit apartment complex near the Promenade at Castle Rock  (Photo: COURTESY | ARA, A NEWMARK COMPANY) DENVER BUSINESS JOURNAL - Greenwood Village- based retail developer Alberta Development Partners has sold a 15.2-acre parcel of land near its Promenade at Castle Rock project for the development of an apartment complex . Alberta and Forum Real Estate Group sold the land to Embrey Partners Ltd., which will build a 312- unit apartment complex called Ledges at the Promenade at 6200 Castlegate Drive West . "The Embrey Partners team is honored to be selected as part of Alberta Development Partners ' newest project in Castle Rock to create a top- notch development for future residents," said Jeff Booth, executive vice president of Texas- based Embrey Partners . "The Ledges at the Promenade will offer convenient walkability to more than 1 million square feet of adjacent shpis and retail, which will significantly increase t

Landmark Apartment Trust, Inc. to Be Acquired by Starwood Capital Group and Milestone Apartments REIT

RICHMOND, Va.--( BUSINESS WIRE )-- Landmark Apartment Trust , Inc. (“Landmark” or the “Company”), a multifamily real estate investment trust with assets located in select metropolitan areas throughout the Southern United States , announced today that it has entered into a definitive merger agreement (the “Merger Agreement”) pursuant to which it will be acquired by Monument Partners, L.L.C. (“Monument”), an entity owned by affiliates of Starwood Capital Group and Milestone Apartments Real Estate Investment Trust (TSX: MST.UN) (“Milestone”), in an all- cash transaction valued at approximately $1.9 billion, including the assumption of existing debt. Upon completion of the transaction, Landmark will become a privately held company. Pursuant to the terms of the Merger Agreement, Monument will acquire all of the outstanding common stock of Landmark and all of the outstanding common units of Landmark’s operating partnership, Landmark Apartment Trust Holdings, LP, for $8.17 per share or

Closure Of Grocery Stores Sparks Worry In Rapid City

Rapid City (AP) The closure of almost a quarter of Rapid City's grocery stores is sparking concerns about food availability among some residents and organizations. SpartanNash announced last month that three of its stores - Prairie Market, Family Thrift Center and Family Thrift Express - will close in October in a consolidation effort. The city of roughly 74,000 residents has a total of 13 grocery stores . One nonprofit, Feeding South Dakota , says the closures will result in "food deserts," or areas without grocery stores , particularly affecting low-income residents. It also means a loss of stores within walking distance for people in the city's central and western neighborhoods. Rapid City resident Brittany Romey says people in nearby apartments may not be able to easily change to another store. © 2017 Associated Press. All Rights Reserved. Material may not be redistributed.

The week in business - The Boston Globe

INDUSTRY GE delays opening of new building in Fort Point General Electric Co. has pushed back the expected opening of its new building overlooking Fort Point Channel by two years after deciding to break the headquarters project into two phases. GE vice president Ann Klee said in a memo Tuesday to Boston employees that executives expect the 12- story building , dubbed South Point , to open in mid-2021, compared with an earlier goal of 2019. Two older brick buildings , together dubbed North Point , will be renovated first, with the aim of opening them in the first half of 2019. GE has already started work on the two old buildings, originally part of a Necco candy manufacturing complex . But construction on the new building was supposed to happen concurrently with much of the Necco renovations. Now, GE will finish the Necco buildings and move employees into them before starting construction of the new building. GE expects it will take 24 months to complete the new structure. The ann

Appetizing fast food furniture for a foodie’s apartment

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Italian brand Seletti and Studio Job collaborated to make the UN_LIMITED EDITIONS furniture collection, which will debut at Maison & Objet in Paris.  Both the studios are known for their creativity and originality, which they have proved again.  The Hot Dog and The Hamburger global icons of Pop food are transformed into actual furniture , and form the niche “Fast Food Furniture” collection. Open hot dog bun is the actual structure of the sofa, and it hosts an upholstered sausage acting as a beck cushion; likewise, the hamburger bun features a seat in the shape of a hamburger, a pickled cucumber as armrest, and a slice of tomato as back cushion. READ MORE: 15 Drool-worthy food- shaped furniture pieces    These flashy new pieces, clearly inspired by the pop-side of the American culture, are paired with two special projects, which are the symbol of how precious limited editions can become affordable. Artistic Director Stefano Seletti at Milan Design Week says: But obviously

It's back to school for most in North Texas - Story

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FORT WORTH, Texas - Most kids and teachers in North Texas go back to school this morning. Nearly 100 school districts welcomed students back on Monday including Fort Worth , Arlington, Frisco, Irving, Plano, and Allen. In Fort Worth, Mayor Betsy Price is part of a welcoming committee for students returning to class. This upcoming school year is important for the district, which is facing an urgent need to improve student performance at some schools like John T. White Elementary and four other campuses. The five schools have been designated leadership academies . “We are immediately improving teacher quality to each one of these schools. We are extending the school day by an hour so all students will have an additional hour of reading and math. And thanks to our philanthropic community the Rainwater Foundation has come and extended the school day with enrichment, with arts and athletics. Students will be served dinner at 5:45. It’s going to be a complete day from 8 a.m. all th

Denver's Largest Luxury Apartment Community Opens with City's Top Technology and Ultra-Premium Amenities

Largest Luxury Apartment Community Opens with City's Top Technology and Ultra-Premium Amenities" src="https://mma.prnewswire.com/media/546197/Country_Club_Towers_II_and_III.jpg" width="300" height="300" style="border: 0px;" /> DENVER , Aug. 17, 2017 /PRNewswire/ Country Club Towers II & III, a Broe Group development ,opened today to its first residents, bringing a million square feet of premier luxury living to Denver . The iconic two-building structure, located at Bayaud and Downing, is five minutes from everywhere, surrounded by Denver's Wash Park, the Cherry Creek neighborhood , downtown Denver and Country Club. "With Denver area housing inventory at record lows, consumers are choosing the benefits of luxury apartment communities without the commitments and risks of home ownership ," said Walter Armer , vice president of development for the Broe Real Estate Group . " Country Club Towers II & II

Studio on 280 acre Sevier River Ranch - 1 King and 1 Twin bed

The Barn @ Sevier River Ranch & Cattle Company is a private studio style apartment located on a quiet 280 acre cattle ranch in Hatch, between Bryce Canyon (25 mins) and Zion National Park (50 mins). The air conditioned Barn is newly decorated with ranching antiques and consist of a main room with a king bed and a twin beds (if you need additional capacity, check out the listings for the Wranglers Quarters and Ranch Hands Bunkhouse ), a kitchenette with sink, microwave, refrigerator and "Nespresso" style automatic espresso and coffee maker (no stove or cooking utensils) and a private bathroom with bathtub/shower combination, toilet and sink. It sleeps 3 people and is a bit larger than our other 2 cabins, but has no river view. High speed Internet service (wifi) and DirecTV satellite TV service are available. Two other cabins are located on the ranch about 100 feet away: the Ranch Hands Bunkhouse (sleeps 2 in 2 twin beds) and the Wranglers Quarters (sleeps 2 in o

Cedar Trace Apartments in Evansville, IN 47710

CONTACT INFORMATION Phone: (812) 402-1711 ADDITIONAL INFORMATION: Employee Size: 1 To 4 Exact Employee Count: 2 Exact Sales Volume: 100000 Location Type: Single Location Sales Volume: 501K - 999,999 CATEGORIES:

2 area apartment complexes going strong, partner says

August 25, 2008 | By Jerry W. Jackson, Sentinel Staff Writer Despite the real-estate slowdown, apartment developer Lane Florida LLC is moving forward with its Orlando-area projects. The company, launched in Orlando by Atlanta-based Lane Co. in 2006, is wrapping up work on portions of its first complex in Florida, a 384- unit development in Osceola County called Verano Apartments . Work began on Verano, located just off Exit 244 of Florida's Turnpike near Walt Disney World , in November 2007. While leasing has begun and some of the one- to three-bedroom units are occupied, work is continuing and the complex should be completed by February, according to Mike Mulhall, the company's Florida regional development partner . Mulhall said work has also begun on the company's even more ambitious downtown Orlando apartment tower , called The Montage. The 19-story high-rise is being built on Lake Avenue a block from Lake Eola. "The apartment market remains strong , and we have t

Former hospital getting luxury homes treatment

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Demolition work has begun at the old Craig Dunain Hospital in Inverness. Work is progressing to transform a blaze- hit Inverness hospital into an upmarket housing development . Robertson Homes is stripping the inside of Gleann Mor House at the former Craig Dunain psychiatric hospital , Westercraigs, as part of work to build 56 new luxury homes. Last night, executive chairman Bill Robertson said the first occupiers will be expected to move into these properties by spring next year. The developer has been transforming the 120- acre site surrounding the old hospital into properties for which it was granted outline planning permission in 2005. A vision for 550 properties at the site has previously been mooted by the house-builder – but the total number of homes is not set in stone. Mr Robertson said: “It (the entire development) is going to make the whole area of more interest to a lot of buyers.” Built in 1864, the landmark Craig Dunain building was gutted by a blaze in September

RCMP investigating report of arson at an apartment building

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apartment building Friday . File image.</p> -" title="<p>Williams Lake RCMP are investigating of arson after someone lit a pile of papers on fire inside an apartment building Friday . File image.</p>" style="border: 0px;" /> Williams Lake RCMP are investigating of arson after someone lit a pile of papers on fire inside an apartment building Friday . File image. — image credit: The RCMP are investigating after someone lit a pile of papers on fire inside a Second Avenue apartment building in Williams Lake Friday . A resident inside one of the apartments heard a noise coming from the main floor of the building, said Cpl. Madonna Saunderson, North District NCO media relations . When the resident went to check the area the noise came from there was smoke coming from a pile of papers that had been lit on fire. The Williams Lake Fire Department , along with the police were called to the scene and quickly and easily extinguished the fire, Saunde

2 housing developments on Pittsfield Township's Planning Commission agenda

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Developers want to build apartments on a vacant plot of land off Ann Arbor-Saline Road, which was once planned to be a motel and restaurant building. Lizzy Alfs | AnnArbor.com Pittsfield Township Planning Commission will consider plans Thursday night for a proposed apartment complex behind the Oak Valley Centre on Ann Arbor-Saline Road. The Oak Valley Apartments project — proposed for a vacant piece of land behind the northern portion of the shopping center anchored by Target — calls to construct 16 buildings with 192 total apartment units . The plans were submitted to the township in late 2012 by a group of business partners who also own the northern section of the shopping center. Planning Commission considered the plans in March and asked the developers to make several changes, including reorienting two buildings on the site to better protect a wetland. A concept image for the proposed Oak Valley Apartments on Ann Arbor-Saline Road. Alexander V. Bogaerts & Associates Th

Solana apartment complex sells for $60.5 million

An Illinois- based real estate firm has purchased the 384- unit Solana Apartments at the Crossing complex for a jaw-dropping $60.5 million from an affiliate of Indianapolis- based real estate firm Milhaus , the parties announced Tuesday . It’s just the latest chapter in the twisty story of the high-end development at the southeast corner of East 78th Street and Keystone Avenue. The project began life as a planned, $ 150 million South Carolina - themed condo community that never was completed. Milhaus bought the 55-acre property out of bankruptcy in 2012 from Star Financial Bank with plans to complete the project—but as upscale apartments. The firm finished development within the last month and already has leased more than 95 percent of the units, said Milhaus CEO Tadd Miller . Milhaus chose to sell the suburban-based Solana so it could focus on its bread-and-butter, urban projects. They include the Circa, Artistry and Mozzo projects in downtown Indianapolis. “Solana was a gr

2601 Veterans Road West | Equator Capital

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PE firm reaches $70M ground lease deal for Staten Island self-storage project Equator Capital Management to develop 136K sf building Rendering of a planned self-storage building at 2601 Veterans Road West UPDATED, Aug. 15, 6:08 p.m.: Private equity firm Equator Capital Management signed a 99-year, $ 70 million ground lease for a development site in Staten Island and plans to build a 136,000-square-foot self-storage building. The $ 70 million price tag is the aggregate value of annual rent payments for the entire term of the lease, according to Pure Properties Commercial Division ’s Eugene Rivera, who brokered the deal. The landlord of the two-acre property at 2601 Veterans Road West is A. Tranchina Incorporated, a seller of construction materials. Brooklyn-based Equator, founded by Douglaston Development veteran Mehul Patel , in 2015 acquired a development site at 29-01 Review Avenue in Long Island City , where it developed a 143,000-square-foot self-storage building. Self-sto