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ClearWorth Capital has acquired The Hamptons, a 346- unit apartment complex in the Clear Lake area . Built from 1974 to 1976, the property at  16202 El Camino Real contains a mix of one, two, and three- bedroom floor plans , with an average unit size of 947 square feet . Photo: ClearWorth Capital / This image must be used within the context of the news release it accompanied. Request permission from issuer for other uses." class="landscape" /> Las Brisas apartments in the Clear Lake area . The 202-unit complex, built in 1979, is located at 707 El Dorado Blvd . about a mile northwest of The Hamptons, a 347-unit complex also acquired by ClearWorth Capital. ClearWorth Capital is a partnership comprised of the principals of Dallas- based Seneca Investments , and Houston-based NOIPM ( NOI Property Management ). Photo: ClearWorth Capital / This image must be used within the context of the news release it accompanied. Request permission from issuer for other uses....

Praxis Capital has acquired Clarkston, Georgia-based Birch Run Apartments , an 198-unit property for an undisclosed sum. However, Praxis is planning on investing $3 million to renovate and upgrade the property. PRESS RELEASE SANTA ROSA, Calif., Aug. 22, 2017 /PRNewswire/ — San Francisco area based Praxis Capital , Inc. is pleased to announce that it has acquired the 198-unit Class B Birch Run Apartments in Clarkston, Georgia. This is the company’s first acquisition in the Atlanta metro. Praxis plans to build a portfolio of approximately 2,000 units in this market. The Praxis executive team , possessing more than $6.3 billion of transactional experience in the multifamily sector, including institutional management of more than 90, 000 apartment units , seeks to build a large portfolio of Class B/C workforce housing, consistently unlocking embedded value in multifamily real estate . Praxis also looks to expand its relationships with Family Office and Institutional JV Equity sources ...

Lloyd Jones Capital has acquired Seabrook, Texas-based Regatta Bay Apartments . The seller was FRBH Regatta Bay LLC . No financial terms were disclosed. Finlay Management , the operations group at Lloyd Jones Capital , will serve as the property manager . PRESS RELEASE MIAMI, Fla. – Lloyd Jones Capital , a Miami- based multifamily investment firm , has purchased the Regatta Bay Apartments from FRBH Regatta Bay , LLC. The property is located at 2555 Repsdorph Road in Seabrook, Texas, 30 minutes southeast of Houston. The acquisition adds 240 units to the Lloyd Jones portfolio of approximately 4,000 units spread over Texas, Florida, and the Southeast. Says Chris Finlay, chairman/CEO of Lloyd Jones Capital , “This is a well-maintained, core-plus property that we intend to hold for several years. We expect it to provide a steady, long- term cash flow for our investors.” Built in 2003, the property offers one-, two-, and three- bedroom apartments ; garages; and a modern, updated club...

Central London property , slightly higher than the market average of £1.6 million. Photo: Bloomberg" title="Indians spent an average of £1.77 million for a Central London property , slightly higher than the market average of £1.6 million. Photo: Bloomberg" class="img-responsive" /> Indians spent an average of £1.77 million for a Central London property , slightly higher than the market average of £1.6 million. Photo: Bloomberg Bengaluru: Indians are the second largest buyers of property in central London , accounting for 22% of sales in the year to August, pushing buyers from West Asia to the third slot (at 21%), according to property investment advisory London Central Portfolio ’s (LCP) latest sales audit . South- East Asian buyers took the top spot, accounting for 36% of all purchases. Interestingly, Indians also spent more per house. They accounted for one-third of the total spend, with an average purchase price of £1.77 million, slightly higher tha...

In the final days of last summer, Drake and Rihanna made waves when they hunkered down for some R&R in what TMZ called “an oceanfront villa fit for honeymoonin’.” While that relationship didn’t last long (and Drake is now linked to Young Money label mate Nicki Minaj ), the press had a lasting effect on the other stunner in that story: the $ 29 million Malibu love nest where they stayed. “When news broke of Drake and Rihanna vacationing at one of my listings in Malibu, interest shot up,” said The Agency’s Angel Kou in an email, noting that the property rents for $5,000 per day. “People like to experience what A-listers experience, to get a glimpse of that glitz and glam.” beach front villa that Drake and Rihanna stayed in September 2016." src="http://mansion-global-app.s3.amazonaws.com/article-images/2017/08/image_l_031.jpg" /> An interior view of the beach front villa that Drake and Rihanna stayed in September 2016. Courtesy of The Agency The same desire to ...

PHOENIX (March 14, 2011) — Join Vaseo Apartment Homes on March 26 from 1 p.m. to 3 p.m. for a March Madness- inspired basketball tournament and barbecue. Three local schools — North Canyon High, Mountain Sky Junior High and Lookout Mountain Elementary — will compete in the tournament, vying for a first-place prize of $1,000, a second–place prize of $750 and a third-place prize of $500. In addition, a second basketball tournament will be open to the community, with prizes up to $1,000. "Schools are the foundation of our community," says Robert Klein, President of Klein Financial Corporation and representative for Vaseo Apartment Homes ' ownership. "Vaseo is proud to demonstrate our long-term commitment to our children, our schools and the greater Phoenix community though this family event. We proudly invite our neighbors to join us for a fun-filled day of food, music and games, as Vaseo officially launches the 'Vaseo Cares' program." During the ev...

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...

Monthly rents at Monterra Apartment Homes to range from $1,195 to $1,700 An aerial view of the 250- unit apartment complex that's planned for 15201 Old Hickory Blvd. (Photo: Submitted) Story Highlights Monterra Apartment Homes will cost roughly $55 million to build at 15201 Old Hickory Blvd. "We have plans to do over 1,000 units in Nashville before we're done," Buffalo, N.Y.- based developer Anthony Cutaia said. Amenities will include a dog park and a resort- style community center with a fitness center. The Maddox Foundation, which offers grants in Northwest Mississippi, was the seller of the property. A New York-based entity has paid $2.5 million for 15.27 acres in the Valley Brook neighborhood in south Nashville with plans for a roughly 250- unit apartment project . Buffalo area-based suburban developer Anthony Cutaia is behind plans for the roughly $55 million Monterra Apartment Homes , which will rise at least three stories on the vacant, multifamily zoned ...

Affiliates of Toronto-based Republic Funds paid $17 million last month to buy two Little Rock apartment complexes with a total of 482 units. Republic Spanish Rock , a limited partnership, paid $11 million for the 258- unit Spanish Rock Apartments in the Markham Mesa subdivision . Spanish Rock is the combination of several complexes from eight units to 162 units. Another limited partnership, Republic Spanish Jon , paid $6 million for the 224- unit Spanish Jon Apartments at 5001 W. 65th St. Pete Hartnett, senior vice president of Dallas- based Rowan Properties , represented Republic Funds as well as the "large Texas-based seller that owns thousands and thousands of Class C units," he said. In an interview, Hartnett declined to identify the Texas seller. Both properties underwent significant interior and exterior renovations, which were completed before the sale, Rowan Properties said in a news release. Spanish Jon Apartments had a low cost housing program agreement th...

San Francisco Supervisor Aaron Peskin has asked the city attorney to explore legislation to impose a vacancy tax on large property owners who leave residential and commercial buildings empty . During a supervisors meeting this month, Peskin said he continues to receive complaints about the impact of “ghost buildings” on neighborhoods. The problem is, nobody really knows how many vacant homes there are in the city and whether a vacancy tax would be legal or effective in freeing up much-needed housing. In an interview, Peskin cited a 28- unit apartment building at 1656 Powell St. that was vacated after a fire damaged some units in December 2013. It remains empty. The three-story building is in a prime North Beach location across from Washington Square Park . Four businesses on the building’s ground floor — a liquor store, a bar, a Thai restaurant and a seafood restaurant — are open, but the apartments above still have boarded-up windows and a littered lobby. Some work was done in the...