Envy Apartment

Lon Horwedel | AnnArbor.com Ann Arbor’s Hidden Valley Club apartment complex is a local example of a $ 70 billion national real estate problem : Securitized commercial loans that are in default. A foreclosure notice on the 324-unit complex near Briarwood was filed in late April, despite months of ongoing conversations initiated by the owner to modify the loan. The loan itself - which totals $18.1 million - is complicated, since it’s one among billions in real estate investments that were repackaged and sold to Wall Street investors during years of peak real estate prices . So are the circumstances behind the loan default, said Hidden Valley Club co- owner Jeff Starman . The most obvious is the drop in the property’s value as rental rates fell below levels to cover loan payments . Other factors include a national real estate climate in which banking consolidations after the lending crisis and the sheer volume of properties in securitized loans - known as Commercial Mortgage B...

NEW ORLEANS, LA – 365 Connect , a leading provider of award-winning marketing, leasing, and resident technology platforms for the multifamily housing industry announced today that the company will participate in the Texas Apartment Association Education Conference & Lone Star Expo . The conference takes place from April 26 – 29, 2017 in Fort Worth, Texas. Providing technology solutions for multifamily housing communities across the nation, 365 Connect will demonstrate its revolutionary Resident Lifecycle Platform during the event, which encompasses the entire spectrum of services including multi - channel digital marketing , seamless transactions to convert prospects into residents, and an integrated mix of content and communication, allowing the next generation of renters to pay rent, request services, and renew leases. 365 Connect Founder and CEO, Kerry W. Kirby, stated, “The Texas Apartment Association Education Conference & Lone Star Expo continues to be the larg...

CLOSE Groundbreaking took place for the new Toll Brothers Apartment Living on Corporate Park Drive in Harrison, Aug. 15, 2017. Mark Vergari/lohud Buy Photo A rendering of the planned Toll Brothers Apartment Living planned for 103- 105 Corporate Park Drive in Harrison, photographed Aug. 15, 2017. (Photo: Mark Vergari/The Journal News) Buy Photo HARRISON - The first apartment development  on the Platinum Mile broke ground Tuesday , marking the further transformation of the aged office park corridor . To make way for the 421- unit luxury apartment complex , to be known as Carraway, one of two vacant office buildings at the 10.35 acre site,  105 Corporate Park Drive , has already been razed. Following the groundbreaking ceremony , heavy equipment started crashing into the facade of the remaining building at  103 Corporate Park Drive . Buy Photo Work continues on demolition for the site of the planned Toll Brothers Apartment Living at 103- 105 Corporate Park Drive in Harrison, photo...

For decades, the skyline of Toronto's Bloor and Sherbourne area has been dominated by the mostly pallid apartment towers found in the St. James Town neighbourhood . In recent years, additions like the James Cooper Mansion and 561 Sherbourne have added some height and visual variety to the area, and now another major tower is beginning to punctuate this skyline with some colour, and is soon to add a higher-end option to the rental apartment mix in the area. The Selby, from Tricon Capital, Mod Developments, and OP Trust, will rise to a height of 50 storeys. Designed by Chicago-based bKL Architecture, it is being clad in a precast concrete panels inlaid with real red brick on the surface. When we last updated The Selby's construction progress just over a month ago, work had begun on the tower’s 25th floor, while the red brick cladding had reached the 14th floor. Installation of glazing for the building’s punched windows followed a few levels behind, reaching the 9th floor ...

CHARLOTTE, NC - Waterton, a U.S. real estate investor and operator, announced the acquisition of Addison Park, a 426- unit rental community in Charlotte, North Carolina.Situated on 44 landscaped acres in the Harris Boulevard / Mallard Creek submarket, the community comprises 22 three-story buildings with attached, direct-access garages. Apartments offer a mix of one-, two- and three- bedroom floor plans , each with 9-foot ceilings, a wood-burning fireplace and private patio or balcony. Community amenities include two resort- style swimming pools with sun decks, a resident clubhouse, 24- hour fitness facility , fully equipped business center , outdoor grilling area , children’s playground, car detailing station and on-site “bark park” with grooming station. “There continues to be strong demand for luxury rental housing in Charlotte,” said Matthew Masinter, senior vice president of acquisitions at Waterton. “This was an opportunity to acquire an attractive asset in a h...

Developers could break ground on at least three multifamily housing complexes this year in and around Lombard, village officials say. Bill Heniff, director of community development, said numerous apartment ideas have been brought to the village in recent months -- including the possibility of a 120-unit building being constructed on the site of the old DuPage Theatre -- but only three have completed, or are close to completing, the entitlement process. If those three projects are built, Lombard will be home to 547 new rental units and 100 new townhouse units. A market analysis of the village recently completed by Tracy Cross & Associates shows significant demand for more apartments in the Lombard area. Some factors driving that demand include an increasing number of young professionals who relocate to the area for a year or two at the start of their career. They need somewhere to live that is close to work but don't necessarily wa...

CHICAGO--( BUSINESS WIRE )--Waterton, a U.S. real estate investor and operator, today announced the acquisition of Addison Park, a 426- unit rental community in Charlotte, North Carolina. Situated on 44 landscaped acres in the Harris Boulevard / Mallard Creek submarket, the community comprises 22 three-story buildings with attached, direct-access garages. Apartments offer a mix of one-, two- and three- bedroom floor plans , each with 9-foot ceilings, a wood-burning fireplace and private patio or balcony. Community amenities include two resort- style swimming pools with sun decks, a resident clubhouse, 24- hour fitness facility , fully equipped business center , outdoor grilling area, children’s playground, car detailing station and on-site “bark park” with grooming station. “There continues to be strong demand for luxury rental housing in Charlotte,” said Matthew Masinter, senior vice president of acquisitions at Waterton. “This was an opportunity to acquire an attractive ass...

Collect this idea Rooftop lounge at The Dylan in West Hollywood As the second-largest city in the U.S. with the biggest population in California, Los Angeles has mountains, beaches and deserts all within a short driving distance . In addition to a multitude of outdoor activities, L.A. offers job opportunities galore ; its diverse economy is the third largest in the world, after Tokyo and New York. Some of L.A.’s biggest industries include culture , fashion, education, sports, entertainment, medicine and a booming startup tech field that is thriving on the Westside ( nicknamed Silicon Beach ). Los Angeles is often called the creative capital of the world , as one in six residents works in the creative industries of music, TV or film. Not surprisingly, the city has a thriving arts scene . There are more than 800 museums and art galleries in Los Angeles County —   more per person than any other city in the world. And for night owls, the nightclub and restaurant scene offers plenty of...