Apartment City

Buy Photo The new owner of Creekside Apartments , Rector resident Freedom Hobbs was on site Friday, preparing for tearing down the roof next week, he said. Hobbs will face the same deadlines as former owners Princeton Commercial B Holdings, LLC., according to Mountain Home Mayor Joe Dillard . (Photo: Josh Dooley/The Baxter Bulletin ) Buy Photo Once again, Creekside Village, an abandoned apartment complex , has a new owner, according to a warranty deed filed earlier this month in  Baxter County . The property was sold to Freedom Hobbs, of Rector, from its previous owner, Princeton Commercial B Holdings, LLC, based in Newark, Delaware. The deed was signed on Jan. 5 and filed on Monday. The document lists Quintin King, Princeton Commercial B Holdings national counsel , as the representative authorized to execute the sale on the company's behalf. The Creekside property, located at 105 S. Cardinal Drive, was sold to Hobbs for $175,000. Hobbs, the new owner, was at the Mountain Home c...

A proposed 92- unit apartment complex on Middlesettlements Road will feature four residential buildings plus a community building, gazebo and playground. The Alcoa Municipal/Regional Planning Commission gave site plan approval to Maryville Hall Apartments on Thursday, days before the Alcoa Board of Commissioners votes on whether to annex the 14.781 acres into the city. The commission will vote on the requested annexation, as well as the proposed zoning and plan of services for the property, at a called meeting at 8:15 a.m. Monday in the Commission Chambers of the Alcoa Municipal Building , 223 Associates Blvd. Although the planning commission recommended in April that Alcoa not annex the property at the intersection of Middlesettlements Road and Robert C. Jackson Drive, city commissioners revisited the issue Aug. 8 after voting in July not to provide fire hydrants to the proposed apartment complex because it is outside the city limits, as is city policy. Sinc...

A proposed 92- unit apartment complex on Middlesettlements Road will feature four residential buildings plus a community building, gazebo and playground. The Alcoa Municipal/Regional Planning Commission gave site plan approval to Maryville Hall Apartments on Thursday, days before the Alcoa Board of Commissioners votes on whether to annex the 14.781 acres into the city. The commission will vote on the requested annexation, as well as the proposed zoning and plan of services for the property, at a called meeting at 8:15 a.m. Monday in the Commission Chambers of the Alcoa Municipal Building , 223 Associates Blvd. Although the planning commission recommended in April that Alcoa not annex the property at the intersection of Middlesettlements Road and Robert C. Jackson Drive, city commissioners revisited the issue Aug. 8 after voting in July not to provide fire hydrants to the proposed apartment complex because it is outside the city limits, as is city policy. Since then the Alcoa...

Village Mission Valley " /> The Village Mission Valley Commercial property owner and developer The Irvine Co. has completed a $150 million renovation of its 1,410- unit apartment community in Mission Valley , now known as The Village Mission Valley . Company officials said the property, formerly known as La Mirage Apartments , now has a renovated clubhouse with a wine and beer bar, an indoor- outdoor terrace overlooking its swimming pools, and a Wi-Fi lounge. There are also new poolside cabanas and a private dog park . The renovation marks the largest apartment reinvestment in the 151-year history of the Newport Beach- based Irvine Company , officials said in a statement. Irvine Co. acquired the Mission Valley property in 2013. The Village, at 6560 Ambrosia Drive near Interstate 8, is among several communities owned by Irvine Co. in the local market. The company owns and operates approximately 135 apartment communities in Southern California and Silicon Valley....

Lake Village Apartments is one of two Ann Arbor complexes bought this month in a record- setting deal involving The Habitat Co. Chris Asadian | AnnArbor.com Two of Ann Arbor ’s largest commercial properties were bought for a combined $85.7 million this month by an entity of the Chicago-based company that had been managing them. The Habitat Co. LLC acquired Windemere Apartments and Lake Village of Ann Arbor from Northwestern Mutual Life Insurance Company . The deals set records in the Ann Arbor market for the price paid per unit, signaling local impact of the national multifamily market experiencing a rebound. Sources said the Windemere deal is a record $92,083 for the 1980s-era property on the city’s north side near Nixon Road. And the Lake Village deal , at $115,277 per unit in the complex on South Main Street , is the highest in the market, based on information available to Habitat, said Matt Fiascone , senior vice president of finance and investment. “We think it’s the high...

If you work in retail — or know someone who does — here’s a scary statistic: Between 20 percent and 25 percent of U.S. malls will close in the next five years, according to predictions from financial analysts. It’s not just jobs that are at stake; sales tax revenue used to pave roads, hire police and light up City Hall is in jeopardy, too. Topping the most vulnerable list: Generic indoor malls of the 1970s and ’80s that have fallen victim to changing consumer tastes and online shopping (thanks, Amazon). But standalone stores aren ’t immune from the downturn, as we’ve seen on the Central Coast. Consider, for example, the Madonna Plaza/SLO Promenade shopping area off Highway 101. The behemoth that once was Gottschalks and later, Forever 21, is vacant (though some of the space will be occupied by a Sprouts market). Other large spaces, including Sears , HomeTown Buffet and Staples, are vacant as well. Not that all the news is glum; major chains like Best Buy, Petco and Kohl’s continue t...

Over the next week, SouthBMore.com will be posting development photo tours of all the projects under construction in South Baltimore . This tour features development in Otterbein, Federal Hill, and Sharp-Leadenhall. Check out SouthBMore.com’s South Baltimore Development Rundown for information about all the real estate projects under construction, recently completed, or in planning in South Baltimore . 414 Light Street The currently under- construction 414 Light Street development will include 394 apartments, 40,000 sq. ft. of outdoor and indoor amenity space , 12,300 sq. ft. of ground floor retail space , and a 550- car parking garage . More than 25 floors have been constructed and exterior glass is being installed. The site was formerly a McCormick & Company spice factory . Each of the building’s 41 floor plans will be named after a spice. 414 Light Street will offer studio, one-bedroom, and two-bedroom apartments. More than half of the units will have private balconies. Ba...

Aventura, Fla.- based Trade Street Residential , an owner and operator of apartment communities located primarily in the Southeast, announced Thursday that it purchased The Aventine Greenville apartments for $42 million. The newly constructed, 346-unit Class A apartment community is located at 97 Market Point Drive , adjacent to the Millennium Campus. The apartments consist of one-, two- and three- bedroom apartment homes with full-sized kitchens, built-in microwaves, granite countertops, walk-in closets, vaulted ceilings, private balconies/sunroom options and a full-sized washer and dryer. Its amenities include a Wi-Fi Cafe, fitness facility, pet park, business center , resort-style pool with cabanas, and a pool pavilion. “This luxury property establishes our presence in Greenville, S.C., a rapidly expanding commercial center in the Southeast, and furthers our goal to modernize our portfolio,” said David Levin, president and vice chairman of Trade Street Residential . The compa...

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_...