Construction Maison

Maybe you used your summer vacation to relax with a nonalcoholic drink in your hand on a warm sunny beach . But back in Blacksburg, construction workers did not have that luxury. While you were sipping pina coladas and getting caught in the rain, they were working on major renovations across campus, from the Upper Quad to Sandy Hall. Demolition started in June on Thomas and Monteith halls, two aging Corps of Cadets residence halls on the Upper Quad. Several years ago, they complemented Brodie and Rasche halls to house the Corps. Brodie and Rasche were razed June 2015 and November 2013, respectively. Since then, the aging brick buildings have been replaced by two new, Hokie Stone- clad residence halls . Pearson Hall opened in November 2015 after significant construction delays , contributing to a housing crunch on campus. Its sibling building, known only as New Cadet Hall, will house cadets for the first time this fall. This summer, construction crews worked on finishing a set of n...

Tuscany Ridge Apartments -- Photo courtesy of MG Properties Group" /> Tuscany Ridge Apartments -- Photo courtesy of MG Properties Group MG Properties Group of San Diego has acquired the 220- unit Tuscany Ridge Apartments in Temecula for approximately $38.8 million from an institutional investor. Company officials said the luxury apartment community was built in 1999 at 41955 Margarita Road and is adjacent to Sage Canyon Apartments in Temecula, which it also owns. MG plans to invest more than $3.3 million in capital improvements to Tuscany Ridge, including interior renovations , landscaping and common area amenities . The purchase marked the private investment firm ’s fifth acquisition of the past year, following others in California and Arizona totaling more than $150 million. Washington, Oregon, Nevada and Colorado are also target acquisition markets for the company. MG Properties Group employs 300 and oversees a portfolio of approximately 11, 000 multifamily...

BOCA RATON, FL - Mill Creek Residential , a leading multifamily investor and operator specializing in premier apartment communities across the U.S., announced the acquisition of Emerald Bay Club Apartments , a two-story garden- style community situated in the highly desirable West Boca submarket .Mill Creek will rebrand the community Alister Boca Raton and complete renovations to better meet the expectations of today's luxury apartment residents . The community, featuring 448 apartment homes , will receive interior updates , landscaping improvements and the addition of several resort- style amenities , including a luxury pool and fully equipped fitness center . " Palm Beach County is an extremely attractive location with a strong mix of entertainment destinations, employment opportunities and top-of-the-line schools," said Wes Dickerson, senior managing director of acquisitions for Mill Creek Residential . "We believe our upgrades to Alister Boca Raton wi...

BOCA RATON, Fla. , June 7, 2016 /PRNewswire/ -- Mill Creek Residential , a leading multifamily investor and operator specializing in premier apartment communities across the U.S., today announced the acquisition of Emerald Bay Club Apartments , a two-story garden- style community situated in the highly desirable West Boca submarket . Mill Creek will rebrand the community Alister Boca Raton and complete renovations to better meet the expectations of today's luxury apartment residents . The community, featuring 448 apartment homes , will receive interior updates , landscaping improvements and the addition of several resort- style amenities , including a luxury pool and fully equipped fitness center . " Palm Beach County is an extremely attractive location with a strong mix of entertainment ...

More homes and yet more homes are going in, with new communities popping up . San Pablo The Silverfield Group of Jacksonville has purchased 21.85 acres at the north end of Pablo Point Drive , nestled in between Pablo Point to the south and Queen’s Harbour to the north. With mostly marsh to the east, it’s about the last bit of buildable land in the immediate area. There, they’re going to put Waterside at San Pablo , a single- family community zoned for up to 42 lots, a minimum of 90-100 feet wide. Home prices are expected to be in the $400s to $600s. Leed Silverfield said the project is still in design and engineering, but they hope to break ground early next year. Builders haven’t been chosen. He said it hasn’t been determined if it will be gated. Silverfield paid $1,175,000 for the property, buying it from the Hodges family. Ponte Vedra A new 23-lot, single- home community is going into Ponte Vedra Beach . EvenTide at 1044 Ponte Vedra Blvd . is being developed by GreenPointe Comm...

CHARLESTON, SC - The RADCO Companies , one of the nation’s leading opportunistic real estate developers , completed its sixth acquisition of 2017 with the closing of Woodbridge Apartment Homes in Charleston, South Carolina . This is RADCO’s 72nd acquisition since 2011, its seventh community in South Carolina , and its second community in the Charleston market.The 198-unit, Class B property has been renamed Radius at West Ashley. Radius at West Ashley will be proudly managed by RADCO Residential, the Company’s proprietary management platform . Radius at West Ashley is favorably located in the heart of the West Ashley submarket of Charleston, just minutes away from downtown Charleston, College of Charleston, MUSC, and scenic South Carolina beaches . The community’s location and accessibility to major roads allows for an easy commute to the area’s major office facilities and employers, including Boeing. Additionally, Charleston was also recently ranked the 8th best place in t...

Waldorf Astoria Beverly Hills recently opened ." width="580" height="326" /> The Waldorf Astoria Beverly Hills recently opened .  (Photo: Waldorf Astoria Hotels & Resorts)   The U.S hotel industry reported positive year -over-year results in three key areas during the last week of July. Occupancy rates were up 0.3% to 77.4%. The average daily rate reached $132.21, an increase of 1.2% over the same week last year. And revenue per available room was up 1.5% to $102.39. That’s all based on the latest data from research firm STR for the week of July 23 to July 29. Hoteliers moved into August feeling optimistic , with a slate of new openings, renovations and other updates. First new Waldorf Astoria on the West Coast opens The iconic Waldorf Astoria New York may be closed for renovations for the next few years, but the luxury brand has moved to the West Coast. Waldorf Astoria Hotels & Resorts, Hilton’s luxury brand, opened the Waldorf Astoria Beverly ...

The RADCO Cos. completed its seventh acquisition of the year with the closing of the 260-unit Ashford 6860 in Norcross, Ga. RADCO financed the $22 million transaction with private capital and debt furnished by Hamilton State Bank . The company’s proprietary management platform , RADCO Residential, will manage Ashford 6860. Located at 6860 Bebout Drive on roughly 13 acres in Northeast Atlanta, the Class B asset is just a few miles away from interstates 285 and 85. Ashford 2860 is minutes from major retail outlets such as The Forum and Sugarloaf Mills, Gwinnett Place Mall or Sugarloaf Marketplace. Built in 1974, Ashford 6860 consists of 15 two- and three-story buildings. Averaging 874 square feet , the garden- style apartments feature 147 one-, 117 two- and 16 three-bedroom floorplans. According to Yardi Matrix data , amenities include: swimming pool clubhouse fitness center expansive greenspace tennis court playground 450 parking spaces Renovation plans   Formerly known as Tuscana A...