Apartment Choice

The 1,184-unit Seven Gables Apartments in Eastern Henrico. (Photo by David Larter) Two suburban Richmond apartment complexes have become entangled in the collapse of an Australian real estate company . The 278- unit Rollingwood Apartments in Chesterfield and the 297 1,184 -unit Seven Gables Apartments in Eastern Henrico are headed to foreclosure and will be auctioned Jan. 11 on the their respective counties’ courthouse steps. Both complexes are tied to the defunct Babcock & Brown, a massive real estate and infrastructure investment group once valued at $10 billion that went belly up in 2009. The two properties are part of a Babcock & Brown loan pool valued at about $200 million that included multiple properties and was ordered into liquidation. The two local complexes are held jointly by two entities: PP2 FX2 Limited Partnership and Everest PP2 FX2 Limited Partnership . South Carolina- based real estate firm Greystar is managing the properties. The company declined ...

From July 1, NSW doubled the stamp duty on foreign buyers to 8 per cent. THERE are nascent signs Chinese foreign buyers have toned down their enthusiastic buying of Sydney property . There are three pinpointed causes. Firstly, Beijing has narrowed the window for capital outflows to Australia. At the same time, Australian banks have tightened lending criteria to mainland China investors due to APRA regulatory requirements , and in some cases won’t lend to foreign investors at all. This week Chinese local and international estate agents reported a sharp drop-off in sales over the last six weeks as new property taxes took effect after the NSW state budget . From July 1, NSW doubled the stamp duty on foreign buyers to 8 per cent and increased the land tax surcharge from 0.75 per cent to 2 per cent. Chinese local and international estate agents reported a sharp drop-off in sales over the last six weeks. It’s a little too early to say the allure of Australian property has gone, b...

This article is the first in a series based on new research into the place of lower-income and disadvantaged households in a compact city. There’s been a lot of talk about apartment living of late. Whether it’s millennials who can’t afford to buy a house, downsizers making a lifestyle change, owner-occupiers struggling to get defective buildings fixed , or foreign investors buying into new development, there’s no shortage of opinions and interest. Except for one group: lower-income and vulnerable residents . In Greater Sydney, the latest census data show that almost one in five households (17%) living in apartments and townhouses have weekly household incomes of less than A$649. Among this group the largest sub-group (36%) live in private rental housing . That’s more than 72,000 households living on $649 or less per week in a housing market where average weekly rents for apartments are $550. Our research for Shelter NSW identifies multiple challenges such households face. Further...

The long retail spine of Sydney Road, Brunswick, just north of Melbourne's CBD, was once a prosperous trading outpost on the way to the goldfields. These days it's a bohemian mix of variety stores, op shops, halal butchers and Lebanese bakeries. Take a side street to the west, however, and a different picture emerges. Sandwiched between Sydney Road and the Upfield train line is an area undergoing rapid and widespread transformation. Light industry is fast being replaced by mid- rise apartment buildings , their inhabitants attracted by the short commute into town and cheaper prices than in the city's south-east. The quality of these units is, on the whole, depressingly bad; think poor ventilation and bedrooms that "borrow" natural light (a weasel word for being dark and windowless). The occasional jazzy façade tries feebly to make up for otherwise cheap construction amid a chorus of greys. At ground level, carpark roller doors alternate with mean pocket garden...

Quizzes Lists Topics Save The River Terrace Apartments is an apartment building located at 7700 East Jefferson Avenue in Detroit, Michigan. It was listed on the National Register of Historic Places in 2009. [1] River Terrace Apartments was one of the first two garden apartment complexes built in Michigan which used loan guarantees from the Federal Housing Administration , the other being Hillcrest Village in East Lansing. [2] History By the late 19th century , the corridor along East Jefferson Avenue had become a prestigious residential neighborhood . As the automobile age dawned in the twentieth century and Detroit's population boomed, large upscale apartment buildings were constructed along the Avenue. However, this boom in apartment construction collapsed at the start of the Great Depression. However, in 1939, Wesson Seyburn, along with Leonard P. Reaume, of the property management firm of Holden & Reaume, applied for a building permit to construct this apart...