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 ...

SAN FRANCISCO--( BUSINESS WIRE )-- Calvera Partners , a California- based private real estate investment firm , today sold pksl (pronounced “pixel”), a 37-unit apartment building located at 1090 Sunnyvale Saratoga Rd. in Sunnyvale, CA, for $15.7 million ($424,000 per unit), an 89% increase over the building’s acquisition price of $8.325 million in January 2014. Home base to the original tech darlings Atari , AMD and Yahoo, the pksl project was the transformation of a 1960s- era apartment complex , formerly known as Crestview Terrace. With a mission to reposition underperforming properties with creative and authentic brands, high value tenant amenities , and modern design, pksl underwent a major transformation. “This community underwent the most significant physical change of any property we’ve owned,” said David Saxe, managing principal at Calvera Partners. “It was in disrepair when we took ownership and needed a major renovation and image upgrade. We spent more than $2.5 million ...

Flipping houses is always a gamble, but it's not typically as bad a bet as authorities say it was for investors who trusted Benjamin Myung Sik Rose . The 35-year-old Colorado Springs man stole more than $450,000 from multiple people through a Ponzi scheme from August 2016 through April 2017, according to an arrest warrant. He pretended to be a licensed contractor who fixed up and resold houses, but instead gambled away the money he took from investors, police say. He was not a contractor, did not buy houses and used altered bank statements , emails from banks and property deeds as part of his scheme, the affidavit says. To keep the victims investing, he provided initial returns using other investors' money, investigators said. Rose turned himself in Aug. 17 after police obtained a warrant for his arrest on suspicion of forgery and multiple counts of theft, all felonies. He previously was arrested Jan. 2 on suspicion of defrauding his in-laws, John and Johanna Moe, out of ...

IN THE 1960s and ’70s, long before helicoptering emerged as a parenting style, adults had far less interest in looming over their children, frequently urging them to go play outside or downstairs. The netherworld to which these parents pointed was usually a recreation room or finished basement, clad insipidly in wood-veneer paneling and linoleum. Furnishings typically included a saggy sofa, a scratched ping-pong table and a built-in bar never used for mixing drinks; instead, the kids commandeered it as a make-believe store or a stage for puppet shows. Not even Dad’s novelty naked- lady martini stirrers lured him down once the children moved in. And the closest Mom got was to stand at the top of stairs and yell, “Supper’s ready! Wash your hands!” Perhaps these ratty rec rooms weren ’t worthy of House Beautiful, but the stints of physical distance they offered parents and offspring arguably benefited both in ways today’s airy cathedral-ceiling’d great rooms can’t. These days, peopl...

The most expensive home in each of New Jersey's 21 counties can vary greatly. From a $ 40 million Bergen County estate to a $1. 3 million property in Salem County, the height of luxury takes on different meaning throughout New Jersey. Here's a look at the most expensive properties in each of New Jersey's 21 counties: Atlantic County Address: 32 W Ocean Drive, Brigantine Listing Price: $7.5 million This Brigantine beachfront mansion is at an awe- inspiring seaside setting with spectacular views of the ocean and Atlantic City. The six-bedroom, seven-bathroom home has amenities like Baccarat crystal lighting fixtures , Crestron smart home system , marble floors and cherrywood and tigerwood throughout. It has been a little difficult to sell. The $7. 5 million property has been listed on Realtor.com for 805 days. Bergen County Address: 18 Frick Drive , Alpine Listing Price: $39.9 million This 42-room estate is the most expensive property listed in New Jersey . It feature...