Envy Apartment

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...

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...

One day in August, 2016, the financier Carl Icahn made an urgent phone call to the Environmental Protection Agency . Icahn is one of the richest men on Wall Street, and he has thrived, in no small measure, because of a capacity to intimidate. A Texas- based oil refiner in which he had a major stake was losing money because of an obscure environmental rule that Icahn regarded as unduly onerous. Icahn is a voluble critic of any government regulation that constrains his companies. So he wanted to speak with the person in charge of enforcing the policy: a senior official at the E.P.A. named Janet McCabe . Icahn works from a suite of offices, atop the General Motors Building , in midtown, that are decorated in the oak-and-leather fashion of a tycoon’s lair in a nineteen-eighties film. During that decade, Icahn made his reputation as one of the original corporate raiders , pioneering the art of the hostile takeover and establishing himself as a human juggernaut—a pugnacious deal machine ...