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OpenPath Investments Acquires Phoenix Apartment Complex Ventana Palms for $8.5M; Announces New Online Investors Platform

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OpenPath Investments, triple bottom-line company with more than a decade of experience creating value for its investors, announced on Wednesday that it has purchased Ventana Palms Apartments , located in west Phoenix, for $8.5 million, kickstarting an effort to bring a socially responsible investing and property management model to the working- class housing complex in the Maryvale neighborhood. OpenPath’s acquisition includes approximately $3.6 million in equity financing from socially conscious investors who support the firm’s Urban Village community concept and its environmentally friendly investment model . The Urban Village concept calls for investments in community-building efforts for apartment residents , including tools, inspiration and ideas to enrich their community life — from community gardens, to educational classes and leadership development. OpenPath also intends to invest approximately $1.5 million in interior and exterior upgrades at Ventana Palms. The 10-buildi...

Lido Village, Pacific City and Bella Terra redefine the shopping mall

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Restaurant goers at Zinque, a food and wine bar at Lido Marina Village in Newport Beach, on Thursday, August 10, 2017. (Photo by Nick Agro, Orange County Register /SCNG)" src="src" /> Restaurant goers at Zinque, a food and wine bar at Lido Marina Village in Newport Beach, on Thursday, August 10, 2017. (Photo by Nick Agro, Orange County Register /SCNG) Shoppers gather to listen to a musician play at Lido Marina Village in Newport Beach, on Thursday, August 10, 2017. (Photo by Nick Agro, Orange County Register /SCNG)" src="src" /> Shoppers gather to listen to a musician play at Lido Marina Village in Newport Beach, on Thursday, August 10, 2017. (Photo by Nick Agro, Orange County Register /SCNG) street sign inside Lido Marina Books guides customers to the genre they are looking for in Newport Beach, on Thursday, August 10, 2017. (Photo by Nick Agro, Orange County Register /SCNG)" src="src" /> A street sign inside Lido Marina B...

think rooftop vegie patches and beehives

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The long retail spine of Sydney Road, Brunswick, just north of Melbourne's CBD, was once a prosperous trading outpost on the way to the goldfields. These days it's a bohemian mix of variety stores, op shops, halal butchers and Lebanese bakeries. Take a side street to the west, however, and a different picture emerges. Sandwiched between Sydney Road and the Upfield train line is an area undergoing rapid and widespread transformation. Light industry is fast being replaced by mid- rise apartment buildings , their inhabitants attracted by the short commute into town and cheaper prices than in the city's south-east. The quality of these units is, on the whole, depressingly bad; think poor ventilation and bedrooms that "borrow" natural light (a weasel word for being dark and windowless). The occasional jazzy façade tries feebly to make up for otherwise cheap construction amid a chorus of greys. At ground level, carpark roller doors alternate with mean pocket garden...

Five big projects in Tampa; five big problems looming

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The city of Tampa is on the cusp of a total makeover. With billions of dollars in investment and dozens of new apartment, condo, office and cultural buildings in the pipeline, the city's skyline and surrounding communities are poised to look a whole lot different than what it does today. But dreaming up the future of Tampa doesn't come without its challenges. For all the promises of a new urban core filled with hotels, parks, food halls and stores, there are also potential pitfalls. The Tampa Bay Times identified the five key obstacles that stand in the way of some of the biggest projects proposed in Hillsborough County . Many of these challenges are ones local politicians and business leaders have been fighting for years to find a solution. Others are fairly new territory, but still pose a real threat to the region's continued growth. [LOREN ELLIOTT | Times] A construction site is seen just north of Amalie Arena in downtown Tampa , Fla., on Monday, May 1, 2017. Curr...