Apartment City

OAK BROOK, Ill. , July 25, 2017 /PRNewswire/ --  JVM Realty Corp . (JVM), a leading vertically integrated multifamily real estate investment and property management firm , today announced that renovations are underway at The Aventine at Oakhurst North, a 464-unit community in Aurora, Ill. , acquired by the company in November 2016 . The project will include significant improvements to building exteriors, apartment homes and common amenities. Renovations to the clubhouse and other common areas have been completed, while apartment home upgrades will be phased in as residents move out. "With these renovations, The Aventine at Oakhurst North will be perfectly positioned to thrive, as the upgrades will give the community a competitive advantage in a submarket that has not experienced much new con...

It’s common knowledge that a window view of New York’s Central Park saps a hefty premium from your account. Still, one development company recently redefined what “premium” means, listing an apartment with a view of the iconic park for a surreal sum of $250 million. The apartment spans floors 50 to 53 of the 220 Central Park South skyscraper; its developer,  Vornado Realty Trust , revealed the price in a filing to the New York attorney general , The Real Deal reported. Given recent headlines about New York apartments on sale for $100 million, $115 million, or even $120 million, another nine-figure listing may not sound that groundbreaking. So let’s take a step back. How much is $250 million in the real estate world ? It’s about the construction cost of the entire Chrysler Building —in today’s dollars. For the same money you can buy the three of the most expensive estates in the Hamptons and still have enough money left to buy a 2-bedroom apartment on the Upper West Side —with a view...