Apartment Choice

cyclist rides past the intersection of Pearl Parkway and Junction Place on Thursday in Boulder. The Solana Apartments , which sold last week, are pictured" alt="A cyclist rides past the intersection of Pearl Parkway and Junction Place on Thursday in Boulder. The Solana Apartments , which sold last week, are pictured" style="border: 0px;" /> A cyclist rides past the intersection of Pearl Parkway and Junction Place on Thursday in Boulder. The Solana Apartments , which sold last week, are pictured behind the cyclist. ( Jeremy Papasso / Staff Photographer ) The pricey Solana Apartments across from Google's new campus sold for $136 million last week in one of the city's highest-priced deals. The luxury complex at 3100 Pearl Parkway sold to New York- based real estate investment firm Rockwood Capital . The seller was ReyLenn Properties, based in Solana Beach, Calif. Officials from Rookwood declined comment . At 319 un...

DEVELOPERS WITH UAE-BASED PROJECTS TO SELL ON-SITE AT CITYSCAPE GLOBAL FOR FIRST TIME UAE-based projects will be available for purchase at 16 th edition of Dubai’s flagship real estate event   Cityscape Global is paving the way for developers with UAE-based projects to sell on-site to homebuyers and investors for the first time, in what is expected to be a turning point for potential buyers looking to make purchases at the three-day exhibition. Taking place from Monday 11 September to Wednesday 13 September at Dubai World Trade Centre , Cityscape Global will feature some of the foremost developers from the region and internationally, who will showcase a range of groundbreaking real estate projects . The 16 th edition of the event will, for the first time, see visitors interested in investing in the UAE able to make purchases at the show. Developers with projects based in the UAE will be permitted to make sales on the show floor, in accordance with the rules and regulations adminis...

Mountain View's rent- control program has already survived political and legal trials -- but what about the business test? An increasing number of apartment owners appear to be cashing out rather than working under the new restrictions. If the trend continues, some say it will lead to a cascade of redevelopment spearheaded by large corporate buyers . This scenario would result in older apartments being phased out and replaced with new housing that is exempt from rent control. Those looking at the data with a more critical eye point out that sales of apartment buildings are up throughout the South Bay, and that the number of buyers indicates a healthy interest in investing in Mountain View housing , regardless of rent control. To take one example, Fremont residents Ann and Paul Lethers decided in June to sell their 18-unit complex on Del Medio Avenue in Mountain View, which they created from separate purchases of two adjacent nine-unit buildings. They say they h...

GREENWICH, CONN. — Monument Partners LLC , an entity owned by affiliates of Starwood Capital Group and Milestone Apartments Real Estate Investment Trust (TSX: MST.UN), has entered into an agreement to acquire Landmark Apartment Trust Inc. in an all- cash transaction valued at $1.9 billion, including the assumption of existing debt. Under the terms of the deal, Starwood Global Opportunity Fund X, through a controlled affiliate, will acquire Landmark Apartment Trust ’s ownership interest in 19,615 units in 63 apartment communities . The portfolio is located in eight Sunbelt states, with major concentrations in Dallas, Atlanta, Orlando, Tampa, Charlotte and Nashville. Milestone — which will acquire 4,172 units in 15 assets as part of the transaction — will serve as property manager for Starwood’s portion of the portfolio. “This acquisition highlights our confidence in multifamily housing as an asset class that represents an attractive risk-reward proposition for our investors,” says ...

A busy intersection in Shaker Heights is being transformed through the redevelopment of the Warrensville- Van Aken business district . The former Van Aken Center will connect with nearby Shaker Plaza to create the Van Aken District , a new downtown and community- gathering place for the city. Phase one of the $97.2 million project, under construction near the intersection of Warrensville Center Road and Van Aken and Chagrin boulevards, is due to be completed next summer. “There really has been nothing like this in Shaker Heights,” said Jack Bialosky Jr ., senior and managing principal of Bialosky Cleveland, the architectural firm responsible for planning the project and designing most of the buildings in phase one. “It’s a mixed-use, urban development which will really provide public space for the community, all organized around a central triangular park . “It’s going to be a place where the community can come, shop, dine and recreate. It will be a beautifully scaled, contained s...