Apartment Choice

New York firm pays $58M for Wellington apartments Deal breaks down to more than $180,000 per unit By Sean Stewart-Muniz | March 07, 2016 10:30AM The Solara at Wellington apartment complex Affiliates of Phillips International, a New York real estate company , just paid $58 million to AEW Capital Management for the Solara at Wellington Apartments. Solara is a mid- rise apartment community with 320 units at 12535 South Shore Boulevard , directly north of the Palm Beach Polo & Country Club. It was first built in 1991 and has traded hands between firms several times since then, most recently in 2007 when California’s IMT Residential gave ownership of the apartments to Boston- based AEW Capital Management for an unknown price, according to Palm Beach County property records . AEW manages investments primarily on behalf of institutional and private investors. According to its website, the firm has about $34 billion worth of assets in North America. The company recently sold a trop...

Wheelhouse offices fill about 12,000 square feet at 574 Santa Fe Drive . (Burl Rolett)" /> Wheelhouse offices fill about 12,000 square feet at 574 Santa Fe Drive . (Burl Rolett) A company charged with leasing nearly 100 apartment buildings around Denver is ready to buy a place of its own. Property manager Wheelhouse Apartments , along with its construction and commercial management wings , has moved to the former BillTrust building at Sixth Avenue and Santa Fe Drive with plans of buying a share of the office property in the next month. Wheelhouse owner Zvi Rudawsky said he was looking for a change from the firm’s previous space in a midrise office building at 90 Madison St. “We were in Cherry Creek before, and it was a good building and a good space, but it was much more corporate,” he said. “It worked well for us, but this really is just such a unique space and it fits our culture a lot better.” Wheelhouse Apartments , Wheelhouse Management and Wheelhouse Construction ...

Cheesman Park neighborhood . (Kevin J. Beaty/Denverite) residential real estate; house; home; cheesman park; denver; denverite; kevinjbeaty; colorado;" width="1000" height="667" />A high-rise in the Cheesman Park neighborhood . (Kevin J. Beaty/Denverite) Denver is really bad at recycling, like only 18 percent of waste gets recycled or composted bad, and part of the reason is its apartments. The city doesn’t pick up from these multi-family dwellings, nor does it require them to recycle, but as an apartment-dweller myself, I had to know more about why not.  After all, a survey from the nonprofit CoPIRG found that 88 percent of Denver residents find recycling is “very important or essential.” Even if the city doesn’t require recycling, apartment residents might balk at the absence of recycling, right? I started with Boutique Apartment s, the company that manages the building where I live. And yes, sometimes residents do request recycling, said the company’s ma...