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Dozens Displaced After Fire Rips Through Apartment Building « CBS Baltimore

BALTIMORE (WJZ) — A massive fire in Hagerstown has forced more than 70 people from their apartments Tuesday night . It started right after a thunderstorm rolled through. Residents say the fire started right after the building was hit by lightning, and they watched for 30 minutes while the fire department was unable to get enough water on the flames. “It was just horrific. I’ve never seen anything like it before,” said Shawn Lohr, who lives across from the complex. “We heard the lightning hit, but I thought it hit outside on the pavement, and then the next thing I know, the alarm went off,” said Roxie Vickers, who lives in the apartments. The State Fire Marshal ’s Office confirms the fire was caused by a lightning strike, and all residents of the apartment have been accounted for. It was just after 8 p.m., when the storms rolled through Hagerstown, and the Woodbridge North Apartments went up in flames. “In a matter of 15-20 minutes, it was the whole roof, gone,” one resident said. “...

Charleston apartment complex sells for $22.9 million | Business

The sale of apartment complexes continues throughout the Charleston region. Most recently, Atlanta-based Radco Cos. paid $22.9 million for the 198-unit former Woodbridge Apartment Homes in West Ashley. The complex at 2040 Ashley River Road is now called Radius at West Ashley . The sale price included $14.1 million in mortgage debt, according to Charleston County property records . The purchase marks the company's sixth acquisition this year and its second multifamily asset in the Charleston region. It also owns Greenwood at Ashley River at 6520 Dorchester Road. The previous owner of Radius at West Ashley was New Jersey-based  Raia Properties , which paid $14.5 million for the complex in 2006. Radco Residential will manage Radius. Radco plans to spend $3 million, or about $15,000 per unit, to upgrade the community. It was built in separate phases in 1972 and 2003 in 11 buildings on 16 acres. Renovations will include cabinetry, appliances, flooring, lighting, countertops and pa...