Apartment City

Lake Village Apartments is one of two Ann Arbor complexes bought this month in a record- setting deal involving The Habitat Co. Chris Asadian | AnnArbor.com Two of Ann Arbor ’s largest commercial properties were bought for a combined $85.7 million this month by an entity of the Chicago-based company that had been managing them. The Habitat Co. LLC acquired Windemere Apartments and Lake Village of Ann Arbor from Northwestern Mutual Life Insurance Company . The deals set records in the Ann Arbor market for the price paid per unit, signaling local impact of the national multifamily market experiencing a rebound. Sources said the Windemere deal is a record $92,083 for the 1980s-era property on the city’s north side near Nixon Road. And the Lake Village deal , at $115,277 per unit in the complex on South Main Street , is the highest in the market, based on information available to Habitat, said Matt Fiascone , senior vice president of finance and investment. “We think it’s the high...

Mayor Richard Irvin 's 100th Day in Office Address, held Friday afternoon at Aurora University's Crimi Auditorium was, as expected, a well- attended pep rally that drew plenty of cheers, applause and laughs, not to mention several important announcements. And though no big awards were handed out, after checking through my notes, I offer up a few of my own: Best pre-show gaffes Not more than a couple minutes after state Rep. Stephanie Kifowit (D-Oswego) from the 84th District introduced herself to the crowd as their alderman, Gov. Bruce Rauner, who was on hand to sign a bill extending the River Edge Redevelopment Zone Program , stood before the Aurora crowd and told them how happy he was to be in Rockford. Say where? It took only a quick glance from the mayor for our busy — and skinner than ever — guv to realize his mistake … and go on to praise the second largest city in his state for all it is and all it can be. Rauner, I'm guessing quicker on his feet after so many ye...

Courtesy of Mayor’s office/Edwin J. Torres Onlookers applaud after Mayor Bill de Blasio signs legislation that makes New York the first city in the nation to provide lawyers for low- income tenants facing wrongful evictions . By Bill Parry TimesLedger Newspapers Share on Twitter Tweet Share on Facebook Subscribe Get our stories in your inbox, free. Like TimesLedger on Facebook. Low-income New Yorkers facing wrongful eviction will be guaranteed legal representation in Housing Court after Mayor Bill de Blasio signed legislation into law last Friday. The program, which is overseen by the Civil Justice Coordinator at the Human Services Administration , will serve 400,000 tenants when it is fully implemented in five years. “New York City will be the first city in the country to ensure anyone facing an eviction case can access legal assistance thanks to this new law,” de Blasio said. “New Yorkers should not lose their homes because they cannot afford a lawyer, and stopping wrongful evi...

Last month, we cut ribbons on Talmadge Gateway and Cypress Apartments — two affordable-housing projects that will provide a combined 122 new homes in San Diego for struggling seniors and people who have been chronically homeless. At Talmadge Gateway, we met Marvina and Michael — two local seniors who expressed profound relief to finally have roofs over their heads and the chance to lead a stable life after years of instability. Projects like these are critical as housing has become increasingly unaffordable. Virtually every Californian can attest to the increased cost of living we have seen in recent years. Since 2000, the median rent in the San Diego region has spiked by 36 percent. However, the median household income for renters has risen just 4 percent. Our lowest- income earners spend nearly 70 percent of their income on housing and, to meet the current demand from the middle and working class, we would need to build 142,000 rental homes. The problem on its surface is supply-...

We asked four downtown dwellers to tell students and faculty coming to UConn’s new campus what to expect. Here’s what they said. Sorry, West Hartford, I Don’t Need You I' ve lived downtown for three years. My front yard is Bushnell Park. My apartment building has a ton of great dogs. I'm within walking distance of my job, my favorite restaurants and now a phenomenal ballpark. I grew up in Philly, I've lived in Boston, but Hartford is my favorite. My job takes me all over the state. So after a long day of traveling and trying some of the best food and drinks in Connecticut, it's nice to come home and walk to more of the best food and drinks. I can go several days without touching my car. It's great for me: I genuinely enjoy walking off a good plate of nachos, plus I hear this is good for the environment. A walk up the street brings me to the Yard Goats' Dunkin' Donuts ballpark, where I've enjoyed too many nights of doughnut-chicken skewers and gallons ...

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...

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...