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New Wicker Park Lofts now leasing apartments

Wicker Park Lofts , 1515-17 W Haddon, Chicago" src="http://i.yochicago.com/images/hpmain/116/305116.jpg?preset=yosize" class="imgfull" alt="image" /> Lease-up is underway at Wicker Park Lofts , a 40- unit apartment building at 1515 – 1517 W Haddon. The transit-oriented development, which is nearing completion, is just 570 feet from the Division Blue Line stop and a short walk from popular bars, restaurants and shops. Wicker Park Lofts , 1515-17 W Haddon, Chicago, at arrow" src="http://i.yochicago.com/images/hpmain/118/305118.jpg?preset=yosize" class="imgfull" alt="image" /> Wicker Park Lofts is a short walk from the ball field, gyms and pool at Pulaski Park. Wicker Park Lofts takes advantage of the property’s uniquely-shaped site and offers studio, 1-, 2- and 3-bedroom “soft loft” apartments. The units feature top -of-the-line finishes and state-of-the- art design elements . Fourth and fifth- floor apartmen...

Mack-Cali Realty's (CLI) CEO Michael DeMarco on Q2 2017 Results - Earnings Call Transcript

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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...

Brick facade falls off S. Mpls. apartment building, injuring 1 - Story

MINNEAPOLIS (KMSP) - At least one person was injured after a brick facade fell off an apartment building in south Minneapolis late Tuesday night . At approximately 11:45 p.m., someone called 911 after they heard a loud crash that some say sounded like a garbage truck.  When Minneapolis Fire Department crews arrived on the scene they found a large portion of the rear exterior of the building, located on the 600 block of E. 16th Street, had come crashing down. Fire officials say about 120 square feet of bricks fell from the third floor of the apartment building, damaging power lines and vehicles. One person was taken to the hospital and is expected to be okay. "I was asleep and bricks coming down and I thought the whole building was going to fall,” Ashton Collier, a resident, said. “This is crazy. We shouldn't have to go through this. We pay thousands of dollars to stay here. For what? Stuff like this happens. People get injured." The building has at least a dozen unit...

Tamarac Village Apartments sold to L.A. firm

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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...