Apartment City

The Howard Hughes Corporation (NYSE:HHC) Q2 2017 Earnings Conference Call August 8, 2017, 10:00 AM ET Executives David Striph - Executive Vice President , Investor Relations David Weinreb - Chief Executive Officer Grant Herlitz - President David O’Reilly - Chief Financial Officer Peter Riley - General Counsel Analysts Alexander Goldfarb - Sandler O’Neill Robert Majek - CJS Securities Will Randall - Citigroup Waheed Khorsand - BWS Financial Alex Barron - Housing Research Center Steve Shaw - Compass Point Operator Good morning. And welcome to The Howard Hughes Corporation Second Quarter 2017 Earnings Conference Call . All participants will be in a listen-only mode. [ Operator Instructions ] After today’s presentation, there will be an opportunity to ask questions. [ Operator Instructions ] Please note, this event is being recorded. I would now like to turn the conference over to David Striph, Executive Vice President , Investor Relations . Please go ahead. David Striph Good morning. A...

Wangard Partners has purchased a four-story building in Milwaukee’s Walker’s Point neighborhood, with plans to convert the space into office and retail use. A rendering of 507 S. Second St. The 80,000-square-foot building at 507 S. Second St. was sold by Roadster Inc., which is led by Christopher Coakley, owner of C. Coakley Co., to 507 South 2nd Street Development LLC , led by Stewart Wangard, chairman and chief executive officer of Wangard Partners Inc., for $3.5 million,  according to state real estate records . Representatives from Wangard’s office could not be reached for comment. According to Wangard’s website, the building was formerly the Eagle Knitting Mills , built in 1928. Wangard is planning to renovate the space into 80,000 square feet of “ historic modern office ,” or 60,000 square feet of office with 20,000 square feet of ground-level retail. Wangard already has a significant presence in Walker’s Point with his Freshwater Plaza development . Freshwater Plaza is a mixe...

chief investment officer , Allied Orion; Stacy Hunt, executive director, Greystar; Jenifer Paneral, regional vice president , Pinnacle; John Hammond, CEO, Riverway Title." /> From left to right: Gary Goodman, SVP of acquisitions, Passco Cos.; Ricardo Rivas, chief investment officer , Allied Orion; Stacy Hunt, executive director, Greystar; Jenifer Paneral, regional vice president , Pinnacle; John Hammond, CEO, Riverway Title. HOUSTON — While it’s not an ideal time to be a multifamily property owner in Houston, it is a good time to be working on behalf of one. With their clients sitting on excess supply, apartment locators — middlemen who match tenant preferences to properties — are being increasingly called upon to deliver tenants. Locators work on commission, typically earning about 20 percent of the first month’s rent for their services. But in Houston’s soft market, that figure is rapidly rising. Ricardo Rivas, chief investment officer at Allied Orion Group and one of sev...

Martha's Vineyard Hospital announced last week that they are taking steps to close the independent living facility at Windemere. — MV Times file photo Windemere Nursing and Rehabilitation Center (WNRC) has suspended admissions to its independent living facility as it moves to close the 13-bed unit, where three people now live. In a conversation with The Times on Tuesday, Joe Woodin, president and chief executive officer of Martha’s Vineyard Hospital (MVH), was vague about the closure of the independent living facility , owned by the hospital and on the MVH campus in Oak Bluffs. Though Mr. Woodin didn’t say conclusively that the unit will close, he said MVH is exploring the option of closing. “We’re going through the process of strongly analyzing this and looking at the options for closing the unit,” Mr. Woodin said, referring to the independent facility known as Wildflower Court. According to Mr. Woodin, MVH would not have started the discussion had it not been seriously con...

Formerly known as Hunter’s Ridge, the apartment complex at 2358 NW Military Highway , near Hardberger Park, has a new owner and a new name. Presidium Group , a Dallas- based real estate investment and management firm , added the community to its portfolio. A rebranding process led to its being renamed as Elm Creek Apartments . Elm Creek Apartments San Antonio" src="https://media.atre.yardi.com/2/22596/images/Elm-Creek-Apartments-San-Antonio.jpg?w=300&h=200" alt="" width="300" height="200" />The property offers 81 units in five different floor plans, including from one to four bedrooms. A $1.1 million renovation to both the interiors and the exteriors will include upgraded flooring , lighting fixtures, appliances, hardware and plumbing. Exterior work includes landscaping , exterior wall upgrades , a pool and leasing office improvements . “The location of this acquisition, coupled with the renovation and rebranding efforts, signifi...