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ClearWorth Capital buys Clear Lake area apartment properties

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ClearWorth Capital has acquired The Hamptons, a 346- unit apartment complex in the Clear Lake area . Built from 1974 to 1976, the property at  16202 El Camino Real contains a mix of one, two, and three- bedroom floor plans , with an average unit size of 947 square feet . Photo: ClearWorth Capital / This image must be used within the context of the news release it accompanied. Request permission from issuer for other uses." class="landscape" /> Las Brisas apartments in the Clear Lake area . The 202-unit complex, built in 1979, is located at 707 El Dorado Blvd . about a mile northwest of The Hamptons, a 347-unit complex also acquired by ClearWorth Capital. ClearWorth Capital is a partnership comprised of the principals of Dallas- based Seneca Investments , and Houston-based NOIPM ( NOI Property Management ). Photo: ClearWorth Capital / This image must be used within the context of the news release it accompanied. Request permission from issuer for other uses....

250-unit apartment project planned in south Nashville

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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 ...

Praxis Capital buys Georgia apartment property

Praxis Capital has acquired Clarkston, Georgia-based Birch Run Apartments , an 198-unit property for an undisclosed sum. However, Praxis is planning on investing $3 million to renovate and upgrade the property. PRESS RELEASE SANTA ROSA, Calif., Aug. 22, 2017 /PRNewswire/ — San Francisco area based Praxis Capital , Inc. is pleased to announce that it has acquired the 198-unit Class B Birch Run Apartments in Clarkston, Georgia. This is the company’s first acquisition in the Atlanta metro. Praxis plans to build a portfolio of approximately 2,000 units in this market. The Praxis executive team , possessing more than $6.3 billion of transactional experience in the multifamily sector, including institutional management of more than 90, 000 apartment units , seeks to build a large portfolio of Class B/C workforce housing, consistently unlocking embedded value in multifamily real estate . Praxis also looks to expand its relationships with Family Office and Institutional JV Equity sources ...

• Arbor Creek Apartments • Phoenix • Arizona •

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Arbor Creek Apartments for Rent | Raleigh NC Apartments on ... Arbor Creek Apartments Apartments in Raleigh, NC - Arbor Creek is a mature property with a park-like setting, a convenient location, and renovated apartments . Our ...  Arbor Creek Apartments Welcome to Arbor Creek Apartment Homes , where you can choose from a number of innovatively designed apartment homes . Surrounded by luxurious spaces , sunlight, and ...  West Beaverton Apartment | Arbor Creek Apartments in ... The Arbor Creek Apartments mission is to create and manage superior living environments that exceed expectations and enhance your quality of life.  Arbor Creek Apartments for Rent | Lewisville TX Apartments on ... Arbor Creek Apartments in Lewisville, TX - Arbor Creek is a 280- unit apartment community located just off Interstate 35E, or Stemmons Freeway, in Lewisville, Texas.  Lewisville Apartments For Rent - Arbor Creek - Overview ... Arbor Creek offers a selection of one and two bedroom...

Developers plan 200-unit apartment complex on East Mesa

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An architect's rendering of a Willow Springs Apartments building . (Photo: Courtesy) LAS CRUCES - A new, 200- unit apartment complex is springing up on the city’s East Mesa and could be leasing the first units in about six months. Willow Springs Apartments will be located off of Bixler Avenue, north of US 70 and behind the now-closed Cattleman’s Steak House on Bataan Memorial West . The property is being developed by Dillon Mountain Enterprises , LLC. which is owned by Paul Curry and his son, Jared Curry. The Currys acquired the property in 2006 from a church which had plans to build on the site but opted to purchase a building in town instead. Construction on the 14.12-acre property will require the Currys to pave more than 1,000 feet of Bixler Avenue, one of the city’s oldest platted but undeveloped rights-of-way. The completion of Bixler will open up adjoining properties to development, Jared said. “We had the property for 11 years,” Jared said. “ Ten years ago our original t...

Should SF tax empty homes and buildings?

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San Francisco Supervisor Aaron Peskin has asked the city attorney to explore legislation to impose a vacancy tax on large property owners who leave residential and commercial buildings empty . During a supervisors meeting this month, Peskin said he continues to receive complaints about the impact of “ghost buildings” on neighborhoods. The problem is, nobody really knows how many vacant homes there are in the city and whether a vacancy tax would be legal or effective in freeing up much-needed housing. In an interview, Peskin cited a 28- unit apartment building at 1656 Powell St. that was vacated after a fire damaged some units in December 2013. It remains empty. The three-story building is in a prime North Beach location across from Washington Square Park . Four businesses on the building’s ground floor — a liquor store, a bar, a Thai restaurant and a seafood restaurant — are open, but the apartments above still have boarded-up windows and a littered lobby. Some work was done in the...

Vaseo Announces Basketball Tournament | MultifamilyBiz.com

PHOENIX (March 14, 2011) — Join Vaseo Apartment Homes on March 26 from 1 p.m. to 3 p.m. for a March Madness- inspired basketball tournament and barbecue. Three local schools — North Canyon High, Mountain Sky Junior High and Lookout Mountain Elementary — will compete in the tournament, vying for a first-place prize of $1,000, a second–place prize of $750 and a third-place prize of $500. In addition, a second basketball tournament will be open to the community, with prizes up to $1,000. "Schools are the foundation of our community," says Robert Klein, President of Klein Financial Corporation and representative for Vaseo Apartment Homes ' ownership. "Vaseo is proud to demonstrate our long-term commitment to our children, our schools and the greater Phoenix community though this family event. We proudly invite our neighbors to join us for a fun-filled day of food, music and games, as Vaseo officially launches the 'Vaseo Cares' program." During the ev...

Greenhaven Apartments - Apartments - 6330 Havenside Dr, The Pocket-Greenhaven, Sacramento, CA - Phone Number

I am only writing this review based on the customer service I have received so far from Greenhaven apartments. My boyfriend and myself currently live in Los Angeles and are trying to relocate to the Sacramento area ASAP . It has been very hard for us to apply for apartments and put down deposits in person due to the obvious fact we live 6hours away lol. But Michelle from Greenhaven apartments has made this process so easy for us. Whenever I call the office to provide more information or receive updates I REFUSE to talk to anyone else but Michelle, she has been amazing and very patient with us. We are currently on the waitlist for Greenhaven and I hope and Pray something becomes available soon, because I would love to live in these wonderful apartments whose office provides great service. This place sucks. No soda machine. Rent is way to high, nobody uses the pool, people steal your parking spots, the laundry machine was vandalized, management is poor, landlord promises things and then...

CALCAP Advisors Acquires 340 Units in Two Distressed Multifamily Transactions

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...

As housing market swoons, rentals boom in Norfolk | Real Estate

NORFOLK The housing market may be struggling, but apartment construction in Norfolk continues to boom. The City Council is expected to approve a rezoning today that will allow a 180-unit, $20. 7 million upscale apartment development called the Meadowood Apartments to be constructed off North Military Highway . It would be the seventh apartment complex that opened, received city approval or on which construction began in the past year. Moreover, two other apartment complexes have been proposed. Meadowood would be built on 7.7 acres currently zoned for industrial use on International Boulevard adjacent to a Kmart and the Park Crescent Apartments . Rents would top out at $1,450, said Taylor Franklin, vice president of multi family development for S.L. Nusbaum Realty . It would be a gated community, Franklin said. Nusbaum has either proposed, built or is building four of the complexes in Norfolk. "The apartment market in Hampton Roads remains very strong," Franklin...

Landmarks Commission Again Backs 3-Story, 23-Apartment Project in Downtown Santa Barbara | Local News

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High- density proposal in El Pueblo Viejo District draws opposition from historic preservationists , Anacapa School unit apartment building is proposed for 800 Santa Barbara St . in downtown Santa Barbara . The project would include eight studios, 10 one-bedroom units and five two-bedroom units; commercial space; and underground parking for 29 vehicles." height="667" width="1000" id="upsize" /> A three-story, 23- unit apartment building is proposed for 800 Santa Barbara St . in downtown Santa Barbara . The project would include eight studios, 10 one-bedroom units and five two-bedroom units; commercial space; and underground parking for 29 vehicles. (Hochhauser Blatter Architecture & Planning rendering) A three-story, 23- unit apartment complex with an underground parking garage has received a key approval for its proposed construction at the corner of Santa Barbara and De la Guerra streets , near El Presidio de Santa Bá rbara State Hist...