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...

Colorado Park Apartments - 1141 Colorado Avenue , Palo Alto, Calif." title=" Colorado Park Apartments - 1141 Colorado Avenue , Palo Alto, Calif." width="250" height="150" class="im2" /> Colorado Park Apartments - 1141 Colorado Avenue , Palo Alto, Calif. PALO ALTO, Calif. - Aug. 17, 2017 - PRLog -- Palo Alto Mayor Greg Scharff , City Council Members , and other local leaders gathered today to celebrate the grand re-opening of Colorado Park Apartments , an affordable residential rental community developed by Palo Alto Housing (PAH). "The City of Palo Alto is proud to be a longstanding partner of Palo Alto Housing ," said Mayor Scharff. "Preserving and renovating high- quality affordable housing , like Colorado Park, helps ensure that Palo Alto continues to be a great place to live, work, and raise a family." The City of Palo Alto was also a partner in the original construction of Colorado Park in the early ...

Colorado Park Apartments – 1141 Colorado Avenue, Palo Alto, CA 94303 PALO ALTO, Calif. – On August 17, 2017, Palo Alto Mayor Greg Scharff , City Council Members , and other local leaders gathered to celebrate the grand re-opening of Colorado Park Apartments , an affordable residential rental community developed by Palo Alto Housing (PAH).   “The City of Palo Alto is proud to be a longstanding partner of Palo Alto Housing ,” said Mayor Scharff. “Preserving and renovating high- quality affordable housing , like Colorado Park, helps ensure that Palo Alto continues to be a great place to live, work, and raise a family.” The City of Palo Alto was also a partner in the original construction of Colorado Park in the early ‘70s. Colorado Park Apartments is a seven-building, 60- unit garden walk -up complex originally constructed in 1972 by PAH. The property has a diverse unit mix with eight one-bedroom, 24 two-bedroom, 22 three-bedroom, and six four- bedroom apartments . The latter two...

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...

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...

From Monaghan Communications, Inc.: On August 17, 2017, Palo Alto Mayor Greg Scharff , City Council Members , and other local leaders gathered to celebrate the grand re-opening of Colorado Park Apartments , an affordable residential rental community developed by Palo Alto Housing (PAH). "The City of Palo Alto is proud to be a longstanding partner of Palo Alto Housing ,” said Mayor Scharff. “Preserving and renovating high- quality affordable housing , like Colorado Park, helps ensure that Palo Alto continues to be a great place to live, work, and raise a family.” The City of Palo Alto was also a partner in the original construction of Colorado Park in the early ‘70s. Colorado Park Apartments is a seven-building, 60- unit garden walk -up complex originally constructed in 1972 by PAH. The property has a diverse unit mix with eight one-bedroom, 24 two-bedroom, 22 three-bedroom, and six four-bedroom apartments. The latter two unit types are two-level townhouses with washer/drye...

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...