Apartment City

August 22, 2017 30 Magnolia units sell for $12.6M SEATTLE — The Marinwood Apartments, at 3628 24th Pl. W. in Magnolia, have sold for $12.6 million, according to King County records . The seller was Columbia Partners Business Park LLC , which acquired the property in 2015 for $8.2 million. The buyer was Mag 31 LLC, which is associated with private investors listing an address in Entiat. Developed in 1980 on about three-quarters of an acre, the Marinwood is a four-story building with 30 units. The average unit size for the view property is quite large: about 1,119 square feet, according to King County. The building has covered parking for 30 vehicles. Brokers were not announced. The deal was worth about $416,763 per unit.

The property, which is being renamed City Crest , consists of 200 Class B units. SAN ANTONIO — The RADCO Cos. has acquired Mesa Ridge apartments in San Antonio. The property, which is being renamed City Crest , consists of 200 Class B units. RADCO Residential will manage the property, and the Atlanta- based multifamily investors plans to spend up to $2.9 million on capital improvements to the community. RADCO financed the acquisition using private capital through Prudential Financial. City Crest was built in 1984 and is located in the medical center submarket of northwest San Antonio . The property consists of two- and three-story buildings across 7.9 acres. The average unit size is 736 square feet, and the property offers a combination of one- and two-bedroom units. Tagged more_sales_and_leases

A vote in support of a controversial 114-unit, five- story apartment complex next to Forsyth Park could be reversed this week — or area residents hoping the project is blocked could just get their hopes dashed for a second time. One Savannah City Council member is now having second thoughts about rezoning the project site bounded by Drayton Street , East Bolton Street , Abercorn Street and East Bolton Lane . After voting to approve Delray Ventures’ rezoning request for the project on Aug. 3, Savannah Alderman Tony Thomas announced on Facebook the next day that he plans to call for the 5-3 vote to be reconsidered during Thursday’s meeting. Thomas said Monday that he wants to hear more information about the project and see if the developer would be open to reducing the scale of the building, which he now believes is too big for the area. “I’ve never ever called for reconsideration of a vote up until now because I have reservations and am not afraid to go out and limb and reconsider...

The number of new lettings of office premises in Central in July plunged 75 percent month -on-month, property consultants JLL said. It said leasing activity slowed during the summer holiday, with a net withdrawal of 17, 300 square feet recorded during the period. Mainland banking and financial services firm accounted for 91 percent of all new office premises lettings in Central in terms of floor area. They were also active in sub-market fringes, JLL added. The office leasing transactions included Fortune Fountain Capital which rented 8,900 sq ft at Infinitus Plaza in Sheung Wan as it decided to move out of Central. JLL also said office rents in Wan Chai and Causeway Bay rose by 0. 7 percent month -on-month, as vacancy in the sub-market dropped for the third consecutive month. Midland Realty said a 2,729-sq- ft office unit at Catic Plaza, a grade B office building in Causeway Bay, was rented out for about HK$81,000 a month, or HK$30 per sq ft. In ...

In Reseda, an elderly couple fret about where they will go at the end of the month, when they are forced out of the one-room apartment they have lived in for 29 years. In Tujunga, a retired woman lives in a backyard shed, treating her high blood pressure with tea made from her garden and bathing in an outdoor tub with water heated by the sun. In Arleta, a supermarket employee rents a makeshift room in a house that is home to 10 people, and often waits in a long line to shower before work. I didn't set out last Wednesday to tie these stories together; I was following leads in search of the small dramas that play out daily, beyond the headlines, in homes that do not make the Hot Property column . I traveled the 101 and the 405, the 118 and the 210, and the stories intersected as the highways do, here in a land where all too often plans fall apart, and the daily challenge is to adapt, to endure, to survive. :: "Help!!!!" Caroline Malloy pleaded in an email to me. Her pa...

I n the late afternoon of March 14 in the Toronto suburb of Woodbridge , a masked gunman jumped out of the passenger side of a black Jeep Cherokee , darted across a snow- dusted parking lot and unleashed a flurry of bullets into a black BMW. Thirty seconds later, he was back in the car, leaving Saverio Serrano – the son of a notorious Canadian Mafia figure and cocaine importer – wounded, and Mr. Serrano's 28-year-old girlfriend dead. Two weeks later, in the west end of Toronto, an SUV rolled into the driveway of a bungalow at the end of a suburban cul-de-sac around 2:30 a.m. As 53-year-old Antonio Sergi , a beefy, cigar-chomping showman known in Mafia circles as "Tony Large" or "T Large," got out of the car and lumbered toward the front door, he was shot in the head and killed, execution style. Convicted drug trafficker Diego Serrano , 69 is pictured in a police surveillance photo from Project OPHOENIX." class="article-media-photo__content_...

RIO DE JANEIRO ― Seven years ago, Vila Autódromo was little more than a tranquil fishing village on the edge of Jacarepagua Lagoon, next to the racetrack for which it was named. Like the hundreds of other favelas that dot Rio de Janeiro ’s landscape, it had long been neglected by the city government , and it lacked many basic public services that are standard in the fast- growing wealthier neighborhoods just across the water. But to the more than 600 families that lived there, it was home. “This was a paradise,” said Luiz Cláudio Silva, who lived in Autódromo for more than 20 years. “I thought that I would live here for the rest of my life.” By the time the Rio Olympics are over, just 20 of the families who lived in Autódromo in 2009, the year the International Olympic Committee chose the city to host the games, will remain. The community, which sits less than a mile away from Rio’s Olympic Park, was crushed so that the city could build new access roads to connect Olympic venues . ...