Apartment Choice

Regions › Southwest Virginia April 27, 2017  |  Print this page by Tim Thornton Marion is seeing an apartment boom. Photo courtesy The Town of Marion For nearly a century, Marion College sat on Marion’s Main Street. It closed in 1967. For much of the 20th century, R.T. Greer and Co. was a national leader in crude botanicals — roots and herbs collected and sold to pharmaceutical companies — and Marion was the center of Greer’s operations. But the business shrank as drug companies turned to other ingredients. Greer was gone by 1968. Textile companies in Marion also provided steady employment for decades, but by the early 1990s many of those jobs had disappeared. Town Manager Bill Rush says Marion “took some blows,” but it didn’t fall. One of the town’s old sewing factories is about to be converted into an apartment building. The old herb warehouse is, too. Two other downtown buildings have been or are about to be transformed into apartments. Ken Heath, executive director of Mar...

Woodside Village , a 250- unit apartment complex in Reno, sold in April, according to Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada. " Woodside Village is a strong-performing asset in an excellent in-fill location," said Kenneth N. Blomsterberg, senior vice president investments in Marcus & Millichap's Reno office. "The property gives new ownership the opportunity to increase revenue through loss-to-lease capture and the implementation of cosmetic enhancements to unit interiors . The ability to enhance revenue through a renovation program has been demonstrated by previous ownership and also by several other apartment communities within the immediate competitive set." The complex is located along a high-traffic thoroughfare at one of Reno's largest intersections, the corner of Kietzke Lane and Virginia Street. The Reno- Sparks Convention Center is across the str...

Capitol Hill is best known for the eponymous domed building that symbolizes American democracy . But the large neighborhood, which spans the quadrants of Northeast and Southeast, has a lot more going on than legislative dealings. Here are 10 facts about the neighborhood that don’t show up on your average double- decker bus tour . 1. It Was Not Always Called Capitol Hill According to Architect of the Capitol, an organization that maintains the grounds and many of the neighborhood's government buildings , when city architect Pierre Charles L'Enfant found the area in the early 1790s, it was known as Jenkins' Hill. That didn't last much longer. L'Enfant proclaimed it "a pedestal waiting for a monument," and construction atop Capitol Hill began in 1793. The US Capitol Building is located at East Capitol St NE and First St SE. 2. Christ Church (Not the Cathedral) Is the City’s Oldest Episcopal Church The National Cathedral is one of the most famous churches...

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...