Apartment City

When Tigris Holding Company bought land on 34th Street and Milwaukee Avenue about eight years ago, they felt they were on to something good. “They had recently paved Milwaukee , and just studying traffic counts out there, we just felt like it was a good growth area in Lubbock,” said Ty Craft, a directing principal at Tigris. Leasing recently opened for Tigris’s third complex in the area, El Mirador. If their nearby properties - Escondido and Elm Creek - are any indication, the newest multi-family concept is sure to fill soon. Craft said Elm Creek, a single-story facility, is almost always at full capacity and has a lengthy wait list . This is is a trend throughout Lubbock, according to recently collected ALN Apartment Data . In June, apartment occupancy was at almost 91 percent, suggesting nearly every available unit is full. This rate has stayed consistently high through the first half of 2017, according to monthly data from ALN. Suzanne Comer, executive officer with the Lubbock ...

Damonte Ranch area is a sign of the city's need for housing in Reno, Nev. The recent influx of new workers combined with near-zero residential development during the recession gave birth to a classic supply-and-demand scenario that saw the cost of housing skyrocket in the Biggest Little City." title="In this March 24, 2017 photo shows a new apartment complex in the Damonte Ranch area is a sign of the city's need for housing in Reno, Nev. The recent influx of new workers combined with near-zero residential development during the recession gave birth to a classic supply-and-demand scenario that saw the cost of housing skyrocket in the Biggest Little City." src="src" /> In this March 24, 2017 photo shows a new apartment complex in the Damonte Ranch area is a sign of the city's need for housing in Reno, Nev. The recent influx of new workers combined with near-zero residential development during the recession gave birth to a classic supply-a...

RENO, Nev. (AP) — It's a journey that most people eventually take. Fifteen years ago , Anne Carte decided to leave the familiar comforts of home and family to move out on her own. For Carte, who was 20 years old at the time, moving to the Biggest Little City from San Jose, California, represented an exciting and crucial juncture in her life. "I moved to Reno to grow up and be an adult," Carte said. The year 2002 had its fair share of memorable moments. That same year, "Star Wars: Episode II" debuted in theaters, Tiger Woods won the 66th Masters Tournament and "American Idol" premiered on television. One thing Carte specifically remembers was the cost of rent. Back then, the monthly rate for Carte's first studio in Sparks was only $495. For a young person who just moved out of home and landed an entry-level job at Target, an affordable place to stay was not a luxury. It was a b...

When Amber and Lyle Drones were looking for a new apartment last summer, they wanted a pet-friendly place to accommodate Zarra, their 18-month-old Boston terrier-pug mix. After they scouted about 50 apartment complexes , the couple - both stationed at Fort Carson - settled on the Mesa Ridge Apartments in Fountain. It wasn't just the complex's proximity to the Army post. The Drones were especially attracted to Mesa Ridge because of two of its amenities: a dog park where Zarra can run and play with other dogs, and a pet "spa" - a free, fully equipped dog -washing area that's more convenient than a grooming salon and easier to use than one's own bathtub. "The newer apartments, they're all pretty evenly priced ," Amber said. "But those are two things that they offered that other apartment complexes didn 't. That set it apart for us. In our eyes, we were like, 'That's where we should go'. " Apartment amenities used to me...

CLOSE Lisa Conley gives the scoop on what we are working on today. Aventine at Naples (Photo: All Commercial Photography ) The sale of Aventine at Naples points to the strength of the East Naples market — and the growing demand for apartments.  The 350- unit apartment community off Collier Boulevard, between Davis Boulevard and Rattlesnake Hammock Road , recently sold for $67 million.  The sellers, Continental Realty Corp ., based in Baltimore, purchased the complex for $44.25 million in 2013, when both employment and multifamily rental rates were on the rise in the Naples area. More: Downtown Naples office tower sells for $16 million More: Newly built Port Royal home fetched record price this year, eclipsing last year's most expensive sale More: Local investors purchase a second building on Fifth Avenue South More: Two commercial buildings sold for $7.2 million on Fifth Avenue in Naples Continental made various upgrades to the complex, which included installing an outdoor k...