Construction Maison

Rhodium Capital Advisors Acquires 14 - Building Connecticut Portfolio With Firm Capital Partners for $30.5 Million. Press Release - updated: Aug 17, 2017 New York, NY, August 16, 2017 (Newswire.com) - ​ Rhodium Capital Advisors today announced the acquisition of 462 apartment units in the Cambridge district of Bridgeport, Connecticut for $30.5 million. The portfolio consists of one 179-unit complex and thirteen buildings (clustered in four areas around the city) with an average of 22 units each. The properties are located at: 2209-2225 Main St., 1465 East Main St ., 340 Putnam St., 299 Berkshire Ave., 644-654 Park St., 30 Granfield Ave., 80 Granfield Ave., 85 Price St., 1575 Iranistan Ave., 898-930 Norman St., 1421 Fairfield Ave., 850 Hancock Ave., 1054 Hancock Ave. and 1590 Barnum Ave. Rhodium’s business plan for the portfolio involves spending approximately $1 million on building- wide capital improvements and $1.6 million to upgrade and modernize the apartment units. This acq...

Bradenton, FL, November 10, 2011 --(PR.com)-- Sawgrass Cove Apartments , a 336- unit community located in Bradenton, Florida, was recently acquired by Atlas Real Estate Partners and Andover Real Estate Partners . The acquisition represents the first formal partnership between Atlas and Andover. The two firms will work together to grow their Florida multifamily platform over the next 24 months. Greystar is pleased to be working with Atlas Real Estate Partners and Andover Real Estate Partners as they reposition the community. “We are delighted to have the opportunity to manage Sawgrass Cove ,” said Patricia Carney, Regional Property Manager for Greystar. “The community is centrally located minutes from exceptional shopping, dining, Anna Maria Beach & downtown Bradenton. We are very excited about the upcoming upgrades to the amenities and apartments! We are working hand in hand with Atlas and Andover to create a sense of community with regularly scheduled town hall meetings a...

2209-2225 Main St., Bridgeport, Conn. Rhodium Capital Advisors acquired a portfolio consisting of 462 units located in the Cambridge district of Bridgeport, Conn., for $30.5 million. The portfolio is comprised of Cambridge, a 179-unit community, and 13 other buildings with an average of 22 units each. The company partnered with Toronto- based Firm Capital Organization in the transaction.  Located at 2209-2225 Main St., Cambridge is the largest community of the portfolio, offering 170 studios and nine one-bedroom suites. The three-story property was built in 1932 and features hardwood floors , laundry facilities and controlled access. According to Yardi Matrix data , the community last traded in 2016, when Kolich Holdings paid $8.5 million, or $117.6 per square-foot, to a private seller. The property has an occupancy rate of 99.4 percent. The other properties that have been acquired by Rhodium are clustered in four areas around the city and are located at: 1465 E. Main St., 340 Putnam...

Born at Glamis Castle, Angus, the ancestral home of her mother Elizabeth, Duchess of York (later HM Queen Elizabeth the Queen Mother) on 21st August 1930, Her Royal Highness Princess Margaret Rose was the younger daughter of the then Duke of York, later King George VI . The only sibling of Queen Elizabeth II , Princess Margaret led a sometimes colourful life that made her a favourite of the British popular press . In 1960 she married the noted photographer and filmmaker, Anthony Armstrong-Jones, later the Earl of Snowdon. For almost the next two decades, Princess Margaret would fulfil two contrasting roles: as HM The Queen's supportive sister, and the wife of one of the Swinging Sixties' most in-demand photographers. After the couple's divorce in 1978, Princess Margaret divided her time between her home on the Caribbean island of Mustique and her apartments in Kensington Palace. Requiring a new car for public and private engagements, she took delivery this Rolls- Royce...

Las Vegas—The Bascom Group has acquired Eagle Crest Apartments , a 624-unt Class A garden- style community located at 5850 Sky Pointe Drive in Las Vegas. CBRE Group Inc. represented the seller in the transaction, and debt financing was provided by OneWest Bank and arranged by CBRE Capital Markets . Eagle Crest was built in two phases from 1996 to 1997, and consists of 42 two-story buildings on 31 acres. The 354, 000 square foot Centennial Hills Hospital is located less than three miles from Eagle Crest. The transaction was the 11 th apartment acquisition that Bascom has completed in 2013. “ Eagle Crest represents a great opportunity to acquire a well-maintained asset that has strong value-add potential in the amenities and interiors,” says Scott McClave, principal at Bascom. “This is our bread and butter, to purchase existing assets and upgrade the property to create an enhanced living situation for our residents.” Greystone provides $24.3M for luxe Louisiana rental Houma, La.—G...

CBRE SL Green sells suburban office property for $97M SL Green and TH Real Estate have sold Stamford Towers in Stamford, CT for $97 million. Jeffrey Dunne, David Gavin and Travis Langer of CBRE’s Institutional Properties represented the sellers. CBRE Global Investors purchased the Property. Stamford Towers is comprised of two adjacent Class A office buildings located in the Stamford CBD, one block from the Stamford Transportation Center . The property is also near the 722,000 s/f Stamford Town Center Mall (anchored by Macy’s, Barnes & Noble, H&M, and Saks Off 5th) as well as dozens of restaurants and retails options. Stamford Towers is currently leased to institutional and high credit tenants , including Citigroup, UBS Financial Services , H/ 2 Credit Manager , Titan Advisors, Gerald Metals, Bank of Ireland, Oaktree Capital, Oppenheimer, CoreCommodity and Newmark, among others. Recent capital improvements include the addition of a fitness center and basketball court, c...

Mack- Cali Realty Corp . (NYSE:CLI) Q2 2017 Earnings Conference Call August 03, 2017 08:30 AM ET Executives Michael DeMarco - President and Chief Executive Officer Anthony Krug - Chief Financial Officer Marshall Tycher - Chairman of Roseland Residential Trust Analysts John Guinee - Stiefel Manny Korchman - Citi Jamie Feldman - Bank of America Rob Simone - Evercore ISI Vincent Chao - Deutsche Bank Operator Good day, everyone, and welcome to the Mack- Cali Realty Corporation Second Quarter 2017 Earnings Conference Call . Today's call is being recorded. At this time, I would like to turn the call over to Michael J. DeMarco, President and Chief Executive Officer . Please go ahead, sir. Michael DeMarco Thank you, operator. Good morning, everyone, and thank you for joining the Mack-Cali's second quarter 2017 earnings call . This is Mike DeMarco, the CEO of Mack-Cali. The lovely day in a waterfront, sun shining. I'm joined today by my partners Marshall Tycher , Chairman of Rosel...