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Los Angeles real estate investor TruAmerica Multifamily has continued its metro Denver buying spree with two new apartment acquisitions. TruAmerica, in a partnership with Allstate Life Insurance Co., recently bought the 710- unit Berkshires at Lowry complex in southeast Denver and the 404- unit Ponderosa Villas . The acquisitions were part of a $229 million deal that also included an apartment complex in Renton, Wash. The seller was an affiliate of Boston- based Berkshire Property Advisors . “Attractive existing and projected economic fundamentals in Seattle and Denver provide an excellent value- add investment opportunity for this Berkshire portfolio ,” TruAmerica chief executive Robert E. Hart said in a statement. TruAmerica made its first appearance in Denver in April with the $55 million purchase of the 564- unit Tamarac Village Apartments . In its first year of operations, TruAmerica has acquired 10 properties totaling more than $550 million. Dan Woodward, David Potarf an...

The kind folks at the Orange County chapter of the Building Industry Association were nice enough to invite me to join a recent panel on local housing market conditions . I decided an early- morning seminar required a quick start, so I offered the audience of industry insiders and local elected officials a “pop quiz” on some housing supply and affordability trends. The theme to my questions was that decades of rising housing costs aren ’t as out of line with monetary sanity as one might think. That reality check doesn ’t make it any financially less challenging to live here, but I think it does give policymakers some leeway when seeking cures to local housing hurdles . So here are my 10 questions that say a lot of about limited affordable housing options . #1: Relative value? Q: In past 30 years, Orange County home prices have increased five-fold while inflation has just doubled. Not a shabby return for owners. But, how did the Dow Jones industrial average do, better or worse? A...

US Concrete Inc (NASDAQ:USCR) Q2 2017 Earnings Conference Call August 08, 2017 10:00 AM ET Executives Kevin Kohutek - Vice President and Chief Accounting Officer Bill Sandbrook - President and Chief Executive Officer Analysts Trey Grooms - Stephens Inc Adam Thalhimer - Thompson, Davis Scott Schrier - Citi Craig Bibb - CJS Securities Stanley Elliott - Stifel Nicolaus Roresa Mojo - D.A. Davidson Operator Good day, ladies and gentlemen, and welcome to the U.S. Concrete, Inc. Second Quarter 2017 Earnings Conference Call . [ Operator Instructions ] I would now like to introduce your host for today's conference, Kevin Kohutek, Vice President and Chief Accounting Officer . You may begin. Kevin Kohutek Thank you, Israh. Good morning, and welcome to U.S. Concrete's Second Quarter 2017 Earnings Conference Call . Joining me on the call today is Bill Sandbrook, our President and Chief Executive Officer . Bill and I will make some prepared remarks, after which we will open the call to your ...

The Gold Coast secret may have been out for years, but the residents of the Gold Coast suburb of Benowa believe their piece of paradise remains something of a hidden gem. While the oceanfront from Main Beach to Coolangatta captures more than its share of the booming Gold Coast property headlines , there are suburbs within cooee of the sea that offer a special combination of lifestyle and economic advantage. Just five kilometres inland of Surfers Paradise, and close to the Nerang River flowing out to the Broadwater, Benowa Waters was one of the earliest suburban extensions to follow the original canal excavations at the nearby Sorrento canal estate . renowned Royal Pines Golf Course, host of the Australian PGA." /> The suburb is best known for the world- renowned Royal Pines Golf Course, host of the Australian PGA. Photo: Paul Harris Benowa is now firmly established as one of the Gold Coast’s premier suburbs with a range of property types , many waterfront with accompanyi...