Construction Maison

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...

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...

Nearly 1,100 new apartment units could be coming to Pentagon City as part of a major planned development of the 37- acre RiverHouse apartment complex . RiverHouse owner Vornado presented the initial development plans to largely skeptical members of the Arlington Ridge Civic Association last night. The plans call for 934 new market rate apartment units , to be added to the existing 1,670 units on the site across three buildings, which date back to the 1950s and 60s. Vornado is also proposing a 150 unit, stand-alone affordable apartment building , to be developed with a nonprofit affordable housing partner . The new market rate units will be built across three buildings, each about seven stories tall — half the height of the existing buildings — to preserve the views of condominium residents on Arlington Ridge . The first two buildings are to be built on what is currently a surface parking lot across from the Pentagon Row courtyard . Between the buildings will run a pedestrian co...

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...

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 ...

The Town Council gave its unanimous approval for a development agreement and the concept plan for the proposed Copper Ridge senior living development at its regular session on Aug. 18. The proposal would develop the vacant 12.24-acre site that wraps around the Bashas’ shopping center. The new development would be built along Avenue of the Fountains from LaMontana Drive to Westby Drive and north along Westby to Palisades Boulevard. The project is planned for three phases, the first of which would be a 132- unit age restricted (62 and older) complex at Avenue of the Fountains and Westby. The initial phase also includes a 19,000 square- foot community clubhouse , parking and a park/drainage detention facility along Westby. Phase II includes a two-story, 80, 000 square foot assisted living facility with 60 living units and 52 memory care/physical rehabilitation beds. A commercial component would make up Phase III at opposite ends of the site. A 12,000 square- foot commercial retai...

The Mayfair - Oklahoma City, OK Posted by:  hamquilter N 35° 28.908 W 097° 30.889 14S E 634731 N 3927488 Quick Description: The Mayfair is an apartment building located southwest of the Oklahoma Capitol Building . Location: Oklahoma, United States Date Posted: 8/14/2017 11:56:18 AM Waymark Code: WMWCNM Views:  0 Long Description: This is a 4- story brick apartment building which is shown as c.1929 or c.1931. It was placed on the National Register in 2012. The building faces east , with the facade having four bays. The end bays project slightly to the east, north and south, giving the building a modified "T" shape. The building has three horizontal portions - the ground floor below a cast stone belt course, the second through fourth floors, and the parapet above. The building was vacant in 2012 when placed, but it appears to be occupied at this time. The metal framed multi - paned window units are surrounded by cast stone moldings . The ground floor level has decora...

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...