Construction Maison

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...

After a UBS housing report pointed to as many as one in four homes owned offshore by mainland Chinese buyers being kept empty, and a further quarter used on a "temporary" basis, experts have been quick to say the results do not apply to Australian real estate . Among the naysayers is Jane Lu, head of Australia for Chinese international property site Juwai . She said there was "no hard data" and called the idea of vacant apartments held by offshore buyers as an "urban myth". "Most Chinese buyers of inner- city apartments are not so wealthy that they can afford to leave their property vacant ??? rather than renting it and earning some sort of income. There are some who do not live there full-time, because it is their second home. " Chinese investors are no more likely to turn down easy rent money than are Australians ... Australian second-home owners probably have more vacant properties in Ballina and Byron Bay than Chinese investors do...

Photo: Ahn Young-joon, AP Image 1 of / 8 Caption Close Image 1 of 8 In this Wednesday, Aug. 23, 2017, photo, people gather at a shelter during a civil defense drill at City Hall in Seoul, South Korea. Once or twice a year, streets of South Korea’s busy capital freeze for several minutes at the sound of a siren, with cars stopping on roads and pedestrians moving into buildings and subway stations taking part in a nationwide drill aimed at preparing against a North Korean attack . But critics say the remarkable scenes mask aging policies that are failing to train South Koreans at a time when the threat posed by North Korea’s nuclear and missile program is growing. less In this Wednesday, Aug. 23, 2017, photo, people gather at a shelter during a civil defense drill at City Hall in Seoul, South Korea. Once or twice a year, streets of South Korea’s busy capital freeze for ... more Photo: Ahn Young-joon, AP Image 2 of 8 In this Wednesday, Aug. 23, 2017, photo, people walk out of ...

The Late Victorian period in the United States—roughly the last third of the 19th century—produced some of the most beautiful neighborhoods in the history of Western civilization . It also produced some of the most hopeless slums. In response to the crisis of industrial cities, the modern discipline of city planning emerged . The tools of this new profession helped clean up many unhealthy aspects of urban industry , but also stifled some of the best innovations of Late Victorian urbanism . By the 1920s, planners in the industrial world had established the legal authority to promulgate land-use regulations, and over the next generation, they succeeded at slowing the construction of slum housing and segregating noxious industries from incompatible activities, such as housing and office space. Through some of the same devices, however, planners curtailed some positive features of 19th- century urbanism , including the rich variety of free- form industrial development and the adaptiv...

Houston has a lot going for it: An active professional sports scene , two international airports, delicious Tex-Mex. The fourth-largest city in the US (2.3 million residents) has also long held a reputation as a center for big business, boasting 20 Fortune 500 companies . But in recent years, it’s quietly been building one of the most extensive startup ecosystems in the country, too. The city’s economy (as with much of Texas) is intrinsically linked to oil, which means it’s faced its share of adversity. Houston got hit hard in the 1986 oil collapse -- though the silver lining is that it escaped the 2008 recession relatively unscathed (it was the first major city to regain all its lost jobs, and then some). Credit the benefit of experience. “Thankfully, our financial system learned valuable lessons during the oil crash in the 1980s and resulting glut of speculative building,” says Rob Todd, a former Houston City Council member and founder of the telecom company Amplified Solutions ...