Posts

Showing posts matching the search for converting apartments

New housing project, Falcon Ridge debuts

Image
Falcon Ridge Apartments are near the Talons Pointe Apartments ." alt="Located on Soaring Circle, Falcon Ridge Apartments are near the Talons Pointe Apartments ." style="border: 0px;" /> Located on Soaring Circle, Falcon Ridge Apartments are near the Talons Pointe Apartments . ( Scott A. Rowan / Estes Park Trail-Gazette ) Correction Falcon Ridge Apartments provide one-, two- and three- bedroom apartments for local families." alt="The Falcon Ridge Apartments provide one-, two- and three- bedroom apartments for local families." style="border: 0px;" /> The Falcon Ridge Apartments provide one-, two- and three- bedroom apartments for local families. ( Scott A. Rowan / Estes Park Trail-Gazette )             In a story that was published in the Trail-Gazette on Wednesday, July 20, it was incorrectly reported that the Estes Park Town Board will ...

Lake Forest considers protecting apartments

LAKE FOREST — Developers interested in converting apartments into condominiums would face new hurdles under a proposal under consideration in Lake Forest. Last month the City Council discussed a new ordinance that would, in effect, preserve the stock of apartments in the city. The council is scheduled to go over it again Wednesday. The city has fewer than 20 major apartment complexes . “Our concern is the conversion of one apartment complex could potentially take out a large number of rental units,” said Gayle Ackerman, city development service director . Two years ago, the City Council placed a moratorium on the conversion of apartments into condos while the city worked toward a new ordinance regulating them. The moratorium expires on Aug. 18. The new proposed ordinance on condo conversions requires a number of standards that must be met, including a 6 percent apartment vacancy rate across the city. The city’s average vacancy rate is 4.3 percent and has not exceeded 5.5 percent i...

D.C. renters can come out winners if their building is up for sale

Image
Natalie Marra benefited from the Tenant Opportunity to Purchase Act (TOPA), a provision in the District that provides strong protection for tenants to avoid a forced move. (Ricky Carioti/The Washington Post) Four years ago, when her apartment building at 1921 Kalorama Road NW in Washington was up for sale, Natalie Marra, a resident for more than 30 years, was determined to stay in the home she loves. “It took almost two years of tough negotiating, but there was a core group of seven of us in the tenant association that worked with a lawyer to make sure our rights were protected,” Marra says. “We negotiated the right to live in our apartments under rent control for the rest of our lives. Believe me, none of us ever plan to move now. Why would we? We have great renovated apartments and low rent.” Marra and her neighbors benefited from the Tenant Opportunity to Purchase Act (TOPA), a provision in the District that provides strong protection for tenants to avoid a forced move. Elder...

Rolling Hills Apartments, St. Paul, Minnesota

OVERVIEW “Wherever there is conflict in the world, a few years later you start to see that population showing up here,” says Andriana Abariotes, executive director of Twin Cities LISC ( Local Initiatives Support Corporation ). Minneapolis-St. Paul has a long history of welcoming immigrants and refugees from around the world and is home to many organizations serving these populations. St. Paul’s East Side, where LISC has worked for years, is home to a rich cultural mix of immigrants including Hmong , Somali, Karin, Bhutanese, Sudanese, Latinos and others, alongside Native and African Americans. “Wherever there is conflict in the world, a few years later you start to see that population showing up here.” “It is a hard to reach population,” says Amy Gillman at the LISC national office . These are “highly impoverished and culturally diverse residents , who face significant barriers to physical and social activities related to health.” To make matters worse , the city is experiencing a ...

Correction: Factory Sites-Apartments story - StarTribune.com

MUNCIE, Ind. — In a story Aug. 21 about apartments planned in Muncie, The Associated Press misspelled the name of the city where Wisconsin- based Commonwealth Development Corp . is based. It's Fond du Lac, not Fon du Lac. A corrected version of the story is below: Apartments planned for 2 ex- auto factory sites in Muncie A developer is working on plans to construct apartments at the sites of two former auto industry plants in Muncie MUNCIE, Ind. (AP) — A developer is working on plans to construct apartments at the sites of two former auto industry plants in Muncie. The proposal from Commonwealth Development Corp . would convert a two- story brick factory dating to 1912 into a 36- unit apartment building southwest of the city's downtown. The developer also plans a 35- unit townhouse apartment building on a portion of a vacant site that was once a General Motors transmission factory a few blocks away. The (Muncie) Star Press reports the Fond du Lac, Wisconsin- based devel...

Correction: Factory Sites-Apartments story | State-regional

MUNCIE, Ind. (AP) — In a story Aug. 21 about apartments planned in Muncie, The Associated Press misspelled the name of the city where Wisconsin- based Commonwealth Development Corp . is based. It's Fond du Lac, not Fon du Lac. A corrected version of the story is below: Apartments planned for 2 ex- auto factory sites in Muncie A developer is working on plans to construct apartments at the sites of two former auto industry plants in Muncie MUNCIE, Ind. (AP) — A developer is working on plans to construct apartments at the sites of two former auto industry plants in Muncie. The proposal from Commonwealth Development Corp . would convert a two- story brick factory dating to 1912 into a 36- unit apartment building southwest of the city's downtown. The developer also plans a 35- unit townhouse apartment building on a portion of a vacant site that was once a General Motors transmission factory a few blocks away. The (Muncie) Star Press reports the Fond du Lac, Wisconsi...

As housing market soars, poorest renters are priced out

Image
"); } if ($(imageDivId).length == 0) { $("#wrapper").after(contentText); } })(jQuery); BREMERTON, Wash. - Crystal Turner stood in the kitchen of her cramped apartment and stared at the cracks in the fake wood flooring beneath her feet. Surrounding her was the home she'd made for herself and her two sons in the past year, since they moved out of her Toyota Camry and into Admiral Manor, a low- rent apartment complex in west Bremerton . There was the single bedroom with two kids' beds on the floor. The living room she'd decorated with signs that said "Hope" and "Love." A dingy bathroom with a leaking toilet that had never been fixed. In this undated photo, Matthew Daigneault pushes his son Aden as he plays outside on the swings of his rental home in West Bremerton , Wash. (Larry Steagall/Kitsap Sun via AP) © 2017 Cox Media Group . Admiral Manor wasn 't the place Turner, a recovering addict, wanted to raise her boys. It was the place...

Forest City sells its last lingering pieces of Tower City for $16 million to the K&D Group

CLEVELAND, Ohio - Forest City Realty Trust , Inc., passed the torch at Tower City Center on Thursday, selling off its final pieces of the mixed-use complex in the heart of downtown. With the sale of the Post Office Plaza and a nearby parking lot , Forest City - once downtown Cleveland's dominant landlord - finished a six-year-long exit from property ownership in the center city. The publicly traded company will stick around as a tenant, moving its headquarters and hundreds of workers from Terminal Tower to Key Tower in the spring. The K&D Group paid $15 million for Post Office Plaza , a 477,000-square- foot office building that is 55 percent vacant. In a separate transaction, K&D paid $1 million for a triangular parking lot next to the Renaissance Cleveland Hotel , west of Public Square. Doug Price, K&D's chief executive officer , confirmed the details during an interview late Thursday . "We think it's a real strategic purchase ," he said of Post...

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

Image
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...