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...

NEW YORK, NY -  Centerline Capital Group (“Centerline”), a provider of real estate financial and asset management services for affordable and conventional multifamily housing , and a subsidiary of Centerline Holding Company (OTC: CLNH), announced today it has provided an $11. 4 MM Fannie Mae DUS Choice refinancing for the Woodchase Apartments in St. Louis, Missouri. Woodchase Apartments is a garden style multifamily facility that was built in 1984 and comprises 17 two- and three- story residential buildings , and one single-story office/clubhouse.  The property consists of a total of 186 units, and the unit mix is made up of 92 one-bedroom and 48 two- bedroom apartments , and 18 one-bedroom and 28 two- bedroom townhome units .  The loan is a 10- year fixed rate facility with a 30- year amortization period . The portfolio was refinanced to secure a new low interest rate . Centerline is one of the nation’s leading Mortgage Banking institutions in the multif...

The Denver office of CBRE today announced its Capital Markets ’ Debt & Structured Finance Services has secured $55.6 million in financing on behalf of Gelt, Inc. for the acquisition of Tamarac Village Apartments in Denver, Colorado. Tamarac Village Apartments " width="900" height="600" /> Image courtesy CBRE The apartment community sold for $74 million and is home to 564 apartment units . Brian Eisendrath and Ross Moore with CBRE’s Beverly Hills office arranged a 10-year fixed-rate loan with a five-year interest-only component at approximately 75 percent. Gelt will continue a renovation program and perform additional capital improvements on the interior units and common areas. “Given Gelt’s long-term strategy in secondary growth markets , 10-year debt with maximum interest only will allow them to execute on their business plan by providing solid cash -on-cash returns to their investors,” said Mr. Eisendrath. “Given the volatility in the capital mar...

For those that have spent even a small amount of time in South America, there will always be certain details that stay with them. The ever-present soundtrack, be it from bars, market stalls, processions, or, most commonly, a dodgy mobile phone speaker . The veritable selection of street dogs all vying for your attention, or the last bite of your empanada, and colour – colour literally everywhere. Rainbow costumes and national flags, the bright red of Coca-Cola signs and local beer companies and the kaleidoscopic hues of colourful walls that can be found in almost every town and city. It seems fitting then, that artists from across the world look to South America as the perfect canvas for their work, and why this varied continent is home to so much exceptional street art . And yet, graffiti here is so much more than simply art, or the curated outpourings of a disenfranchised youth. In a part of the world that has seen so much turmoil, lived through tumultuous civil wars and faces...

US Concrete Inc (NASDAQ:USCR) Q2 2017 Earnings Conference Call August 08, 2017 10:00 AM ET Executives Kevin Kohutek - Vice President and Chief Accounting Officer Bill Sandbrook - President and Chief Executive Officer Analysts Trey Grooms - Stephens Inc Adam Thalhimer - Thompson, Davis Scott Schrier - Citi Craig Bibb - CJS Securities Stanley Elliott - Stifel Nicolaus Roresa Mojo - D.A. Davidson Operator Good day, ladies and gentlemen, and welcome to the U.S. Concrete, Inc. Second Quarter 2017 Earnings Conference Call . [ Operator Instructions ] I would now like to introduce your host for today's conference, Kevin Kohutek, Vice President and Chief Accounting Officer . You may begin. Kevin Kohutek Thank you, Israh. Good morning, and welcome to U.S. Concrete's Second Quarter 2017 Earnings Conference Call . Joining me on the call today is Bill Sandbrook, our President and Chief Executive Officer . Bill and I will make some prepared remarks, after which we will open the call to your ...