Apartment City

Orange County ’s well-diversified and growing economy, coupled with its high quality of life, attract residents nationally and internationally to the region. Prohibitive home pricing also intensifies the high barrier to home ownership , further supporting overall apartment fundamentals in the Orange County market . Developers are targeting urban centers where they can transform the areas with Class A rentals. Anaheim’s Platinum Triangle, the Disney Resort, Convention Center Complex and surrounding area are undergoing an infusion of more than $5 billion that is redefining the area as a highly urbanized residential , entertainment and business hub. A similar transformation is happening at the Irvine Business Complex (IBC). In addition to these clusters, about 19,000 units are scheduled to come online over the next few years, particularly in the Class A product category. Associates Newport Beach " width="100" height="125" /> Steve Heimuli, Lee & Associ...

proposed Easton Crosssing subdivision on Sport Hill Road ." width="800" height="518" /> An artist’s rending of the proposed Easton Crosssing subdivision on Sport Hill Road . Saddle Ridge Developers , LLC brought its attorney, architect, builders, engineers and an environmental scientist and sat opposite a team of town commissioners who fired off questions, while about 65 Easton residents watched , listened, and were eager to shoot off their opinions, albeit at a later hearing. The Planning and Zoning Commission and Conservation Commission held a special meeting at Helen Keller Middle School cafeteria Sept . 16 so a team of professionals could answer questions regarding the third revised development plan and application for the Saddle Ridge project , Easton Crossing . The proposed Easton Crossing would consist of 48 new houses built on one- to two-acre lots with 20 of the new houses containing a one- bedroom attached affordable apartment . In 2011, the...

OMAHA, Neb.--( BUSINESS WIRE )-- Marcus® Hotels & Resorts , a division of The Marcus Corporation (NYSE: MCS), and Marriott Hotels announced today the official opening of the Omaha Marriott Downtown at the Capitol District in Omaha, Neb. The 333-room, 12-story hotel is the first new full- service premium hotel to open in Omaha in more than a decade. It also serves as a major anchor of the Capitol District, an upscale urban destination dining and entertainment district located in the heart of downtown Omaha . Marcus Hotels & Resorts is a minority investor in the property and is managing the new hotel. “We are thrilled to officially welcome guests to the Omaha Marriott Downtown located in the city’s first entertainment district, the Capitol District. Led by General Manager Steve Hilton , the hotel team has spent countless hours over the past year ensuring that the Omaha Marriott Downtown is an exceptional place to stay, meet, relax, dine and celebrate,” said Joseph Khairal...

GREENWICH, Conn.--( BUSINESS WIRE )-- Wheelock Street Capital announced today that a joint venture between affiliates of Wheelock Street and Iconic Development recently acquired Terrace View Apartments , a student housing complex in Blacksburg, Virginia. Blacksburg is the home of Virginia Polytechnic Institute and State University (“ Virginia Tech ”), and Terrace View Apartments serves as a prime source of housing for Virginia Tech’s undergraduate and graduate student populations. On May 25 th , the joint venture acquired Terrace View Apartments from affiliates of The Stonemark Group , an Atlanta, Georgia based multifamily management and investment firm . The terms of the transaction were not disclosed. Stonemark will continue to manage the property. Reznick Capital Markets was engaged by Iconic Development to raise joint venture equity for the acquisition and directed the deal to Wheelock Street . John Lustgarten, managing director at Reznick, commented, “We thought Wheeloc...

Food is a necessity, but with the local launch of grocery delivery services Instacart and UberEATS (the food delivery branch of the popular ride service ) last week, Tucson residents need not walk farther than the front door to get it. Instacart Senior Operations Manager David Holyoak said customers can log onto the company's website, fill a virtual grocery cart and choose when they want their food delivered. Orders are then delivered in as little as one hour, or up to seven days in advance. Holyoak added that customers can log onto the Instacart website and see if the service is offered in their area. If not, the company receives a message indicating that people in an un-served area are interested in the service. "The people of Tucson really requested that we be there," he said. So, to Tucson they came, where they are partnering with Bashas', Whole Foods Market, Petco, Natural Grocers, CVS, Fry's and Costco—without a membership. Economically, the service cou...

CHAMPAIGN - When brothers Jeff, Steve and Mike Hartman went into the real estate development and management business together, they combined more than the initials of their first names. They also merged everything their father taught them about the construction business and all their mother taught them about family loyalty in their three enterprises, JSM Apartments, JSM Development and JSM Management. Under the JSM umbrella, the Hartmans now own and manage 700 apartments and 114,000 square feet of commercial space in Champaign-Urbana, including the new Technology Plaza apartment/retail/office complex in Campustown. And they have more developments on the way. Already started are a new apartment/retail complex on Gregory Street in Urbana, near the Krannert Center for the Performing Arts, and a new retail center on South Neil Street in Champaign, where Hillcrest Lumber used to be. The Hartmans say they work well together in business, running things jointly and never undertakin...

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 ...

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...