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By Jeffrey Steele, Contributing Writer Uptown Newport Village Rendering 2" src="https://media.atre.yardi.com/1/26176/images/Uptown-Newport-Village-Rendering-2.jpg?w=240&h=150" width="240" height="150" /> Newport Beach , Calif.—The Shopoff Group expects to begin construction this month on a new luxury development called Uptown Newport Village in Newport Beach , Calif. The development, which supplants a pair of obsolete industrial buildings on Jamboree Road near John Wayne Airport , will feature upscale apartments and townhomes, a public park with concert green and retail shops. The Shopoff Group , based in Irvine, acquired the Uptown Newport site with its capital partner DRA Advisors in 2010. Last year, The Shopoff Group secured Newport Beach City Council approval and entitlements for the project.  It purchased DRA Advisors’ stake in the project last month. The first of two phases will commence this month and will entail the construction...

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Uptown Newport Village will replace two industrial buildings with a walkable neighborhood of shops, restaurants, parks and upscale housing. Newport Beach, one of Southern California's most affluent cities, is about to transform an industrial area near John Wayne Airport into a distinctly urban community of homes and shops. Uptown Newport Village will replace a pair of aging industrial buildings on 25 acres near the airport with a walkable neighborhood of shops, restaurants, parks and upscale homes and apartments, according to Shopoff Group, an Irvine developer. Mayor Rush N. Hill, who is an architect, said he is excited about the project and pleased that it will be a dense neighborhood by local standards. "It's a relatively new kind of product for us with respect to density and height," he said. "We look at this as a great stride forward in walkable communities. We think it's very appropriate for the area." The first phase of the project will cost ...

May 15, 2013 hampshire housing .jpg" title="new hampshire housing .jpg" width="150" height="38" class="imagefield imagefield-field_thumbnail" /> New Hampshire Housing Finance Authority       New Hampshire Housing ’s Board of Directors recently approved a $500,000 loan to support the renovation of Newport Village Apartments , a housing complex that offers affordable apartments for low-income families in Newport. The funding will mean the nine-building complex, which was originally built in 1982, can undergo significant renovations . The project is sponsored by the Caleb Group. The loan will be provided from federal HOME funds .   Planned renovations include replacing windows , adding insulation, and installing new roofs and boilers. The renovations will help cut energy costs , and as a result, make the apartments more affordable to maintain. As part of the loan agreement, Newport Village will pass on these cost savings in the form of gu...

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NEWPORT, N.H. — A Newport police officer was attacked Tuesday night while booking a burglary suspect, police said. Newport police said Ryan Gobin, 18, of Newport, was arrested after police received reports around 8:30 p.m. Tuesday of a man going through cars in the area of the Newport Village Apartments on Whipple Road. Advertisement Officers investigating in the area were called to a home a short distance away on Sunapee Street by someone saying that a man was trying to get into the house. Police said the person ran away, but another active burglary was reported at Pinnacle Bait and Tackle. Newport police and state police searched the area and said they saw a man running away from the business. After a brief struggle, officers took the man into custody, police said. The man was identified as Gobin, and police said they found evidence that linked him to the other reports. While Gobin was being booked and police were administering a breath test, he attacked a police officer , off...

June 28. 2017 10:08PM RYAN GOBIN  NEWPORT — An 18-year-old Newport man suspected of attempted burglary tried to choke a local police officer while being booked at the station, police said. Ryan Gobin faces a variety of charges ranging from felony attempted burglary and resisting arrest to felony assault and felony theft by unauthorized taking. Gobin's arrest followed a report Tuesday night at 8:30 of a man going through cars in the area of the Newport Village Apartments on Whipple Road. While conducting that investigation, police were called to an occupied home a short distance away on Sunapee Street where a man was interrupted trying to gain entry. Soon after, police saw a man meeting the description of the burglar at nearby Pinnacle Bait and Tackle, off Sunapee Street. The man started to flee but was taken into custody. Evidence found on Gobin upon his arrest linked him to events earlier Tuesday evening . Police said their investigation includes criminal activ...

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....

Tacoma, Wash.—Walker & Dunlop has provided $27.4 million in financing for three multifamily properties near Joint Base Lewis McChord in Washington. The assets are comprised of 384 units with military concentrations ranging from approximately 20 to more than 60 percent. Walker & Dunlop Senior Vice President Allan Edelson led the Walker & Dunlop team on the transactions. Financing for Miramonte Apartments, located in Tacoma, Wash., was structured with a 10-year term with three-years interest only followed by a 30- year amortization period under Freddie Mac’s Capital Markets Execution (CME) program. The refinance was underwritten to a 74.67 percent loan-to-value with a 1.37x debt- service coverage ratio . Miramonte is located approximately three miles from the base and offers 120 units, approximately 20 percent of which are military-related and 8 percent of the units receive a form of government assistance. The Fannie Mae refinance for Arbor Pointe Apartments , located ...