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By Andrew McIntyre Law360, New York (January 2, 2015, 2:53 PM EST) -- Douglas Emmett Inc. has purchased a 468- unit apartment complex in Honolulu for $146 million, the Santa Monica, California- based real estate investment trust announced earlier this week. For Douglas, which invests in properties in Los Angeles and Honolulu, the deal significantly expands the company’s multifamily footprint in the latter of those markets, according to the company's Dec. 30 announcement. The property, Waena Apartments, is close to downtown Honolulu and comprises 24 buildings. The apartment complex recently received a $22 million renovation that included a new solar electric system and new community center. The seller is San Francisco, California- based Carmel Partners Inc., which invests in multifamily properties in Hawaii and across the U.S. lower 48 states. Douglas said it made the purchase using its line of credit and plans to seek financing on the property. The apartments, a mix of two...

HONOLULU, HI - Douglas Emmett, a real estate investment trust , announced that it has acquired Waena Apartments , a 468 unit multifamily property in Honolulu, for a purchase price of $146 million (approximately $312,000 per unit).  The property consists of 24 buildings on 12 acres and is approximately 97% leased.  Waena is located at 1320 Aala Street, within walking distance of downtown Honolulu.  The property recently benefited from a $ 22 million enhancement program , including upgraded interiors , a new community center and a solar electrical system .  Douglas Emmett closed the purchase using its credit line, but intends to obtain permanent financing on the property in the near future. Douglas Emmett's total multifamily portfolio now consists of 10 properties totaling 3 ,336 units in West Los Angeles and Honolulu.  Douglas Emmett also owns 61 office properties in Los Angeles and Honolulu totaling approximately 15 . 3 million square feet .  Douglas Emmett,...

remaining undeveloped land at Playa Vista" /> For sale: the bulk of remaining undeveloped land at Playa Vista Irvine Company is eyeing the Westside Los Angeles neighborhood of Playa Vista for a sizable apartment development , according to real estate sources . The Newport Beach- based real estate investor and developer is said to be involved with a consortium of developers and homebuilders that’s bidding for a large portion of land now up for sale at Playa Vista, a nearly 1,100- acre neighborhood located near the San Diego (405) and Marina (90) freeways. The land said to be up for sale runs about 100 acres and in total could sell for more than $200 million, according to real estate sources . Irvine Co. is interested in taking over a portion of that land, which could hold roughly 1,500 apartments, sources said. Other developers would handle Playa Vista land that’s expected to hold between 600 and 800 for-sale homes. The consortium Irvine Co. is backing is said to be hea...

Douglas Emmett (NYSE: DEI) has acquired Waena Apartments , a 468 unit multifamily property in Honolulu, for a purchase price of $146 million (approximately $312,000 per unit). The property consists of 24 buildings on 12 acres and is approximately 97% leased. Waena is located at 1320 Aala Street, within walking distance of downtown Honolulu. The property recently benefited from a $ 22 million enhancement program , including upgraded interiors , a new community center and a solar electrical system . Douglas Emmett closed the purchase using its credit line, but intends to obtain permanent financing on the property in the near future. Douglas Emmett 's total multifamily portfolio now consists of 10 properties totaling 3 ,336 units in West Los Angeles and Honolulu. Douglas Emmett also owns 61 office properties in Los Angeles and Honolulu totaling approximately 15 . 3 million square feet .

Northland Investment Corp. has acquired two adjacent apartment communities in affluent Jupiter, Fla. Formerly known as Mallards Cove and Shell Trace, the properties were combined at closing and renamed Jupiter Isle . The new Jupiter Isle consists of 359 units set on a low-density, 42-acre site. Northland plans to undertake a major renovation project throughout the property, including the creation of high- end interior living spaces and common amenities. Looking at the market “Northland is continuing its expansion in the Jupiter market, which is experiencing some of the strongest economic and population growth in Florida,” said Matthew Gottesdiener, Northland’s chief investment officer . “Jupiter Isle is the prototypical Northland value- add investment ,” Gottesdiener continued . “It will be a comprehensive interior and exterior rehab program and a complete operational overhaul of an under-renovated asset in a high barrier-to-entry market.” The privately held Northland Investm...

BEAUMONT, TX -  BSR Trust announced that it has completed an acquisition of the West End Lodge apartment homes in Beaumont, Texas. The purchase of West End Lodge marks the second acquisition BSR Trust has made in the Beaumont market in under a year. BSR Trust purchased The Pointe Apartments in July of 2015. West End Lodge was built in 2007 and contains 360 residences in an even mix of one bedroom and two bedroom floorplans. It has received an ApartmentRatings.com " Top Rated Award " three of the last four years. The upscale garden- style community adds to the growing list of over 40 multifamily housing properties owned and managed by the Little Rock based company throughout Texas, Louisiana, Oklahoma, Arkansas and Mississippi. The terms of the deal were not disclosed. " West End Lodge is the premier apartment community in Beaumont, and we are proud to expand our operations there." said Daniel Oberste, Chief Investment Officer of BSR Trust. "Our e...

Ayres Hotel at Millenia – Rendering courtesy of Ayres Hotels An Ayres Hotel is part of a development breaking ground tomorrow in Chula Vista. Costa Mesa- based Ayres Hotels owns and runs 21 hotels —all in California and 10 of which are in OC. The Chula Vista location is described by the company as a boutique hotel and expected to have 135 rooms. The site is 20 minutes from downtown San Diego . The hotel is part of the Millenia Commons project a $45 million, 132,000 square- foot retail center by San Diego developer Sudberry Properties . The center opens next summer with tenants to include HomeGoods, Cost Plus World Market, Ross Dress for Less and Buy Buy Baby. The Commons is part of Millenia, a 210-acre mixed use development overseen by Meridian Development, also in San Diego, on behalf of Dallas- based Stratford Lane , which owns the land. Work is progressing on more than 1,000 homes and apartments and an upcoming 500, 000 square feet of office space, along with retail, hotel ...

Tenants can expect renovations — as well as increased rents. By Richard AnguianoBusiness editor An Atlanta real estate investment and management company has bought Deerwood Village apartments for $34.15 million and tenants can expect renovations — as well as increased rents. Cortland Partners had been interested in the complex because of the company’s “regional footprint” with properties in Jacksonville, Gainesville, Orlando and Clermont, according to John Builder III , the company’s director of investments in Florida. “The ‘big-house’ design is a market differentiator that Cortland was interested in and after completing due diligence in Ocala, we discovered a lot to like about the market as a whole,” Builder wrote in an e-mail, adding that company officials were sold on the area’s “ great job drivers ” and low cost of living. Deerwood Villages is a 328- unit complex built in 2006 on 40 acres at 1850 SE 18th Ave . and features garden-style, or what the company calls “...

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...

Ayres Hotel at Millenia – Rendering courtesy of Ayres Hotels Developers have slated an Aug. 15 ground-breaking for the Millenia Commons retail center and a 135- room Ayres Hotel , being built at the Millenia mixed -use development in Chula Vista. Both elements are among several projects now underway or planned by several developers, totaling several billion dollars, in the 210-acre community near state Route 125 and Birch Road. The project is being overseen by San Diego- based Meridian Development , on behalf of property owner Stratford Land of Dallas. Work is progressing on more than 1,000 homes and apartments and an upcoming 500, 000 square feet of office space, along with retail, hotel and civic amenities. San Diego- based developer Sudberry Properties previously announced several signed retail tenants for the $44.5 million, 131,800-square- foot Millenia Commons lifestyle center , slated to open in summer 2018. The roster includes HomeGoods , Cost Plus World Ma...

FINANCIAL MARKETS US stocks rising NEW YORK (AP) — U.S. stocks are rising today as retailers including Urban Outfitters and Target climb. That's helping retailers recover some of the sharp losses they took a day earlier. Health care and technology companies are also trading higher. Energy companies are lagging the rest of the market as the price of oil turns lower . At 12:58 p.m. Eastern Time, the S&P 500 index rose 6 points , to 2,471. The Dow Jones industrial average added 63 points , to 22,062. And the Nasdaq composite rose 25 points , to 6,358. At noon Eastern time , the Russell 2000 index of smaller companies jumped 7 points , to 1,390. TRUMP UPDATE Another two CEOs quit presidential council NEW YORK (AP) — Another two company CEOs have quit President Donald Trump 's manufacturing council. 3M CEO Inge Thulin (ING'-geh too-LEEN') announced in a statement today, his resignation from the Manufacturing Jobs Initiative panel , saying sustainability, diversity an...

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 ...

Apartment building was evacuated after gas leak. (Source: WOIO)" title=" Apartment building was evacuated after gas leak. (Source: WOIO)" width="180" style="border: 0px;" /> Apartment building was evacuated after gas leak. (Source: WOIO) WESTLAKE, OH (WOIO) - Residents of a Westlake apartment complex cannot return to their homes Thursday, and likely won't be able to return for at least several days, after a strong smell of gas was reported to the fire department .  Cleveland 19 was told by residents of Barrington Place Apartments  that Columbia Gas is on scene and is performing a test that takes 48 hours to complete to determine what type of gas it is. Residents said that the company that owns the property is paying for hotel rooms for those residents who were displaced due to the apparent gas issue .   The Ohio Department of Natural Resources said they sent an inspector out to assist with the investigation, who determined that it is not t...

Hattiesburg has several property management companies that have homes and apartments in all price ranges. As far as single famliy homes I would first contact London and Stetelman or Shirley at Shoemaker properties... Not everyone has a perfect credit score but not all the property managers run a credit report. If you can show you have income and that the rent doesn't exceed 25 or 30% of your gross, you can most likey find a landlord willing to give it a go. Vacany rates are at an all time high in Hattiesburg right now and good tenants are hard to find. You most likely will need to provide proof that you paid your mortgage on time when you were married... and if you get child support you will need to prove that for it to be counted toward your income. Other property management companies are Best Realty... Msiti @ Re. Max manages rental property and Associated Appraisers owns a lot of rental property . Same for Southgate Realty. You should be able to Google any of these for the...

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...

Quizzes Lists Topics Save The Saxony Apartment Building is a historic apartment building in Cincinnati, Ohio, United States. Located along Ninth Street in the city's downtown, [1] this five- story brick building includes a distinctive range of architectural details. Among these elements are brick pilasters and projections, a three- story bay window on each side of the symmetrical main facade , semicircular balconies , and many stone pieces, such as pediments, keystones, and stringcourses. Due to its location at the intersection of Ninth and Race Streets, the Saxony appears to have two fronts: one onto each street. Although the Ninth Street facade is larger and more complex, the Race Street facade is nevertheless ornate as well: it features small yet elaborate semicircular balconies with wrought iron railings similar to those of the Ninth Street facade . [2] Constructed in 1891 according to a design by leading Cincinnati architect Samuel Hannaford , [1] the Saxony Apart...