Envy Apartment

J&T Real Estate is asking for a statute of important investment for its package of projects to speed up the construction Font size: A - | A + 44 One of the most valued localities of Bratislava – the embankments of the Danube River – has found itself in the spotlight of developers. Following HB Reavis, J&T Real Estate has as well applied for a statute of an important investment for its package of development projects on both sides of the Danube. In this way it is seeking to simplify the approval process and speed up the construction of a €1.2 billion package of development projects. Within it the developer is promising to build among others another phase of Eurovea, New Lido, a pedestrian bridge via the Danube, and new tram tracks. “In the next five to ten years we would like to see a new modern centre here on both sides of the Danube, which will finally utilise the potential of the river and represent a natural continuation of the Old Town,” said Peter Korbačka from J&T Re...

PARKER, CO - Atlanta-headquartered ARA, the largest privately held , full- service investment advisory brokerage firm in the nation focusing exclusively on the multihousing industry, recently brokered the sale of the Windrock and Stone Canyon apartment communities , in Parker, CO. ARA Denver- based principals , Jeff Hawks, Doug Andrews, Terrance Hunt and Shane Ozment, represented the undisclosed institutional seller in the transaction. TM Equities, a Salt Lake City - based real estate investment group , purchased the properties for $82,750,000, which represents a price per unit of $125,379, and a price per square foot of $137.02. Jeff Hawks explained , "This property was built during the 2001-2003 development cycle, which included over 22,000 units delivered during the three year span. To put this into perspective, the entire metro Denver apartment market has not delivered that many units during the last ten years combined . Buyers are focused on properties bui...

Cincinnati—2013 was a good year for the Cincinnati apartment market , as the city experienced an increase in demand thanks to improving employment , income growth and a swelling millennial population . According to Marcus & Millichap, 600 apartments were delivered last year, vacancies dropped to 4.5 percent—the lowest year-end level in years—and average rents were fast approaching $800 per month. And the commercial real estate brokerage firm expects Cincinnati ’s apartment market to perform the same this year. Forbes recently reported that Cincinnati is the third most affordable city in the United States. Although the median price for a new home in the area was set at around $133,000, the rental market was still the top performer last year. And apartment rents are expected to continue to increase in 2014, for the fifth consecutive year. All of this is thanks to the growing population of young professionals. Cincinnati’s 20- to 34-year-old population, with its live-work-play lifes...

VIRGINIA BEACH A Development Authority member who owns stock in TowneBank and serves on its regional advisory board said he should not have voted on a project that is seeking a city incentive to build a parking garage . Michael Levinson voted July 18 to approve CityView Two, a $60. 5 million development that includes apartments, offices, a hotel and parking garage off Constitution Drive and Bonney Road near Town Center. TowneBank would finance the project. In a 7-0 vote, the Development Authority supported returning $10.2 million in real estate taxes to its developer, Ripley Heatwole Co. Inc., for a privately operated parking garage that would provide public spaces . Councilman John Moss raised concerns about Levinson’s vote and his connections to TowneBank. When asked about his potential conflict, Levinson said in a statement that he didn’t realize he had a conflict of interest at the time of the vote. “I regret that my vote, on a matter that passed without o...