Construction Maison

PASADENA, Calif. , Sept. 1, 2015 /PRNewswire-iReach/ -- CALCAP Advisors is announcing that it has purchased two apartment communities in Las Vegas.  The company has acquired 500 units in Southern Nevada in the past 13 months.  Photo - http://photos.prnewswire.com/prnh/20150829/262093 El Pueblo de Los Arboles Apartments, a 228-unit property in Las Vegas , was purchased for $9,765,000 ( $42,829 per unit/ $56.39 per square foot) on June 30, 2015 through the online real estate website Auction .com.  The seller was an entity of mortgage special servicer LNR Partners , LLC.  LNR acquired the property via a CMBS foreclosure on January 29 , 2015.  The address is 5400 West Cheyenne Avenue , Las Vegas, NV 89108. " El Pueblo de Los Arboles offered us an opportunity to purchase a well located multi- family community significantly below replacement cost", stated Edward Aloe , Managing Principal of CALCAP Advisors .   The property, constructed in 1986, was 86% leased at the clo...

ATLANTA, GA - StoneBridge Investments of Washington, DC has acquired Veridian at Sandy Springs, a 272- unit apartment community in the greater Atlanta submarket of Sandy Springs, for $32 million. The seller, a fund managed by Covenant Capital Group , LLC, was represented by Mike Kemether and Travis Presnell of Cushman & Wakefield. Elliott Throne, Gregg Shapiro, and Ware Shipman of HFF secured acquisition financing through a Freddie Mac loan .Built in 1980 and extensively renovated, Veridian is located at 1800 Windridge Drive within the Perimeter Center , a fast-growing “edge city” that encompasses three small cities: Brookhaven, Dunwoody, and Sandy Springs. It is Atlanta’s largest employment center , with more than 123,000 employees, 31 million square feet of office space, three major hospitals , and six million SF of retail space including the 1. 5 million SF Perimeter Center Mall .“Having acquired a neighboring apartment community , 550 Abernathy, earlier this year, we remai...

TAMPA, FL -   Electra America , one of the fastest- growing multifamily owner -operators in the U.S., has acquired Landmark at Grand Palms, a 438- unit multifamily community in Tampa, Florida. The property was acquired from Starwood Capital for an undisclosed price in a privately negotiated transaction , and will be rebranded as Northgreen at Carrollwood. It will undergo capital improvements totaling approximately $3.5 million.This acquisition brings Electra America ’s Tampa portfolio up to four properties. This is the company’s sixth multifamily property acquisition in Florida so far this year. Nationally, Electra’s portfolio includes more than 22, 500 apartment units totaling over $2.5 billion in value. Berkadia’s South Florida and Philadelphia teams arranged a $39. 8 million acquisition loan through Freddie Mac. A company affiliated with Electra America had owned the property prior to Starwood, which acquired it in 2014 as part of a large portfolio sale...

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...

We offer our predictions on communities that will rank among the city's most desirable in 2026. Plus a look at developers who are working to make those visions a reality. February 18, 2016 (page 7 of 7) 8 developers with insight who are rethinking our urban neighborhoods   BY DEBRA SMIT G reat neighborhoods — with ample green space , commerce and good housing stock — empower their residents to grow and prosper. Developers are key when it comes to weaving together the physical threads of a community, particularly in urban neighborhoods frayed by years of blight and decay. These are among the developers who are working to revitalize some of the city’s most challenged neighborhoods, striving to be restorers of streets in which to dwell. All have one eye, certainly, on the bottom line. Still, they are well aware of expectations that they give measured consideration to quality of life in the neighborhoods in which they build.   Wi...

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...