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250-unit apartment complex trades hands in Reno

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...

Canal Square Apartments | Apartments in 359 N West St - Indianapolis IN - Reviews - Photos

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Sergio Blanco-Herrera It is a good place to live if you are an IUPUI STUDENT. Super close to campus and the complex is very safe. It is pricy, so be ready to dish out a good amount on rent. The only downside is that parkin … g is not included and they charge 70-80 for it. more » It is a good place to live if you are an IUPUI STUDENT. Super close to campus and the complex is very safe. It is pricy, so be ready to dish out a good amount on rent. The only downside is that parking is not included and they charge 70-80 for it. Anon Y Terrible. I stayed for 6 months and had to leave. It's actually not very close to the campus at all (it takes the same amount of time to drive as to walk). Main issues: the apartment shakin … g. It felt like an earthquake in my apartment every few nights, shook me up and scared me so bad. My heavy wood dresser would shake with the walls. My light fixtures and dishes shook at least once an hour....this continued until 4 AM every night. Also you can hear...

Pinnacle Awarded Management of 436-Unit Towns of Riverside Apartment Community in Grand Prairie

DALLAS, TX - Pinnacle, one of the nation's leading multifamily management firms , announced today it has been awarded the management of Towns of Riverside, a 436- unit apartment community in Grand Prairie, Texas. Centrally located at 2803 Riverside Parkway, the property is set along the Highway 360 corridor between Riverside Golf Club and Great Southwest Industrial Park . The Class A community has convenient access to the Dallas/Fort Worth metropolitan area via major traffic arteries and is within minutes of a dense employment hub , DFW International Airport , the University of Texas at Arlington and world-class shopping, entertainment and healthcare."Pinnacle, in conjunction with ownership, is highly focused on elevating the resident experience at this community by making interior and exterior property upgrades to align this asset at the top of its submarket," explains Regional Vice President Toni Rials . "Post renovation, residents will enjoy updated kitchens ,...

think rooftop vegie patches and beehives

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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...

Greystone Provides $37 Million HUD Loan for California Multifamily Property

NEW YORK, Aug. 21, 2017 (GLOBE NEWSWIRE) -- Greystone, a real estate lending , investment and advisory company, announced it has provided $37,368,000 in HUD-insured financing for The Verandas Apartment Homes . The transaction was originated by Lori DiMartino, a Vice President in Greystone’s New York office. Owned by Legacy Partners since 2007, The Verandas is a 209- unit multifamily community located in West Covina, CA. The refinance enables Legacy Partners to complete substantial property renovations to most interiors and exterior amenity areas , including complete clubhouse upgrade as well as the pool, BBQ and dining spaces, and dog park. “Legacy’s ability to finance renovation funds based on future rents is one of the true benefits of this HUD refinance product , aside from the advantages of a low fixed rate , non-recourse, and 35-year term,” said Ms. DiMartino.    “We are thrilled to have refinanced this property, as the rehabilitation and resident experience is a top priori...

Sutter Hill Acquisition Corp. Buys The District at Vinings Apartments

VININGS, GA --(Marketwired - June 17, 2016) - Toronto- based Sutter Hill Acquisition Corporation has acquired The District at Vinings Apartments in Metro Atlanta for $68.75 million. Sutter Hill intends to spend up to $7 million renovating the 464- unit multifamily community , which is located on almost 38 acres in the heart of the Vinings area. The transaction closed June 16 , 2016. The District at Vinings Apartments is located at 2800 Paces Ferry Rd S.E., Atlanta, 30339, less than three miles from SunTrust Park -- the new stadium for Atlanta's Major League Baseball team , the Braves -- and The Battery Atlanta, which is expected to be one of the nation's top sports, shopping and entertainment venues. The apartments are also near Home Depot headquarters , the Cobb Energy Performing Arts Center , the Cobb Galleria and quaint Vinings Village . "This is a dominant asset in a dominant location," said Sutter Hill Acquisition President and CEO Karim Kanji . "It also ...

Massive Renovation Helps Fountain Place Secure 500,000 SF in Renewals

May 25, 2017— A number of major renovation projects are in the works along Ross Avenue in downtown Dallas . Arguably the most significant is the redevelopment of Fountain Place , where owner Goddard Investment Group was the first to kick off activity in this cycle. The $ 70 million renovation includes office tower enhancements and a new 10-story garage with four plaza- level restaurants at its base. Additionally, AMLI Residential is developing a stunning new 45-story, luxury apartment high -rise at the corner of Field Street and Munger Avenue. The redevelopment of Fountain Place has been a key factor in securing renewals from five major office tenants . The latest to recommit is Bracewell LLP , whic¬h recently extended its lease for nearly 40,000 square feet. This follows renewals from Wells Fargo (123,650 square feet) and Gerald Ray (11,500 square feet) earlier this year. The first two big tenants to recommit were Tenet Healthcare (240,000 square feet) and Hunton & Williams...