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Security Properties Acquires Las Vegas, NV Avanti Apartments

SEATTLE , June 28, 2016 /PRNewswire/ -- On June 23, 2016 , Security Properties purchased Avanti Apartments , a 414-unit, Class A multifamily property located in Las Vegas, NV , for $57,500,000 . It is SP's fourth purchase in the Las Vegas market.   Photo - http://photos.prnewswire.com/prnh/20160627/383792 Photo - http://photos.prnewswire.com/prnh/20160627/383793 The Class A asset was built in 2010 and the units feature nine-foot ceilings with decorative crown molding , faux wood-style flooring, GE steel appliance package , large walk-in closets, garden-style tubs and stackable washer/dryers.  Additionally, Avanti offers a complete amenity package including a resort-style pool with spa and cabanas, state-of-the- art fitness center , fireside lounges and picnic areas with barbecues.   Security Properties will execute a light renovation of the unit interiors. The property is ideally located along the Bruce Woodbury Beltway in northwest Las Vegas . The area currently has the lowe...

Push to regulate short-stay accommodation industry

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The state government wants to hear from apartment residents in Port Macquarie about the best way to manage party houses , amenity loss and safety concerns caused by short-stay operators. The NSW Government ’s Short-Term Holiday Letting Options Paper details a range of potential rules to regulate short-stay operators, including giving apartment owners the right to decide on if they’re allowed in their blocks. Our Strata Community, Our Choice spokesperson, Stephen Goddard, said it was now time for all apartment residents to make their voices heard on the matter. “Owners Corporations want a say on short-terms stays and if it is allowed in residential buildings, and this options paper makes provision for that,” Mr Goddard said. “The only way that the rule could come into force though is for the people in Port Macquarie who agree to make their voice heard, and now is the time.” The paper also outlines options including asking hosts to obtain a licence and pay extra fees to cover the co...

Feds inspect Apple Ridge Apartments

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Buy Photo U.S. Housing and Urban Development enforcement analyst Jerry Creamer , center, talks Wednesday during a meeting at City Hall in Farmington while Assistant City Manager Bob Campbell listens . (Photo: Jon Austria/The Daily Times) Buy Photo FARMINGTON — Officials from the U.S. Department of Housing and Urban Development performed a site review today at the Apple Ridge Apartments , an 80- unit apartment complex  that has been the subject of increased scrutiny after a 64-year-old man's death at the facility in September. HUD spokesman Scott Hudman  said the inspection, which continues Thursday, will include a review of security, leasing policies, management practices, tenant-management relations and general maintenance of the complex, which is located at 1600 Cliffside Drive. He said he was not certain when the results of the review would be made available. "It will take them some time to synthesize the information and draw conclusions," Hudman said. The HUD inspec...

W W Grainger : Grainger moves from Northbrook, Niles may signal redevelopment

Aug. 21--W. W. Grainger, an industrial supply firm , plans to move the functions of its Northbrook facility by July of 2018, a spokesman confirmed Friday . But the business' move away from Northbrook could have a significant positive effect on the future of the village's downtown, officials say, with a similar move possibly also helping Niles redevelopment plans . Grainger's Joe Micucci confirmed the closure of both the Niles and Northbrook Grainger locations . He said about 400 people work in Northbrook, and 100 in Niles. All functions would move to Grainger's main headquarters in Lake Forest or another facility in Janesville, Wisc. The move comes about a year after Grainger expanded its Northbrook parking lot to bring more inside sales staff on board, he said. Micucci said that no staff reductions would be made among the Northbrook staff, "and if any are made, they'll be in Niles." He said that the changes were designed mainly to bring more people ...

Grainger moves from Northbrook, Niles may signal redevelopment

W. W. Grainger, an industrial supply firm , plans to move the functions of its Northbrook facility by July of 2018, a spokesman confirmed Friday . But the business' move away from Northbrook could have a significant positive effect on the future of the village's downtown, officials say, with a similar move possibly also helping Niles redevelopment plans . Grainger's Joe Micucci confirmed the closure of both the Niles and Northbrook Grainger locations . He said about 400 people work in Northbrook, and 100 in Niles. All functions would move to Grainger's main headquarters in Lake Forest or another facility in Janesville, Wisc. The move comes about a year after Grainger expanded its Northbrook parking lot to bring more inside sales staff on board, he said. Micucci said that no staff reductions would be made among the Northbrook staff, "and if any are made, they'll be in Niles." He said that the changes were designed mainly to bring more people "unde...