Archive for February 2009
TODAY’S DEALS: Hendricks & Partners Arranges Sale of 30-Unit Community for $7.1M, and Other Transactions
By Anuradha Kher, Online News editorSeattle–Hendricks & Partners recently arranged the sale of The Max, located at 8520 Evanston Ave. North in Seattle. The 30-unit apartment community was sold for $7.1 million.The Max was slated to be converted into condominiums, but with the downturn in condo sales, was reverted back to luxury apartments.“We are seeing…
Read MoreBellaforté Tiles from DaVinci Roofscapes Meet Highest Wind, Fire and Impact Standards
DaVinci Roofscapes has introduced the new snap fit self-locating Bellaforté, which incorporates an integrated rain gutter, leading edge tab and rain dam, in a 12-in. slate profile.Bellaforté roofing tiles use a third less material than traditional synthetic and natural slate shingles, saving resources and reducing the tile weight. A square of Bellaforté roofing tile weighs…
Read MoreAssurant Specialty Property to Provide Debit Cards for Immediate Renters Insurance Funds Availability
By Anuradha Kher, Online News EditorAtlanta–Renters insurance provider, Assurant Specialty Property, has begun issuing Chase Visa debit cards as an alternative to paper-based manual checks for claims settlements of renters insurance. Through this card, renters insurance customers can receive advanced claims payments after a catastrophic loss in the form of a Chase Visa-branded debit card,…
Read MoreApartments.com Acquires Social Media Web Site Apartment Home Living
By Anuradha Kher, Online News EditorChicago–Apartments.com has recently acquired social media apartment Web site, Apartment Home Living, in order to deepen its footprint in the online apartment rental search category and extend its reach to a broader audience of renters. With the acquisition, advertisements and listings on Apartments.com will automatically appear on the Apartment Home…
Read MoreDevelopment Begins on Man-Made Island in Qatar
By Erika Schnitzer, Associate EditorDoha, Qatar—The first of three phases of the $2.5 billion, 14 million-sq.-ft. Pearl-Qatar, a man-made island off the coast of Doha, Qatar, has opened its first five parcels. Phase one, known as Porto Arabia, will include 31 towers with 4,700 residential units, 450 townhomes and low-rise apartments, one million sq. ft.…
Read MoreApartment Values to Fall a Cumulative 32% from Year-End 2007 to 2010, PPR Forecasts
By Anuradha Kher, Online News Editor Boston–The acceleration of job losses over the past few months has reinforced the idea that the current downturn will be extremely painful, according to Portfolio and Property Research’s (PPR) latest forecast figures. With the national unemployment rate at its highest since the early ’90s, and the housing market still…
Read More“Gimme Shelter” with Daniel Gehman: Practicing Patience
Recently at the farmers’ market I visit, I came across a variety of grapefruit known as a “cocktail.” On my quest for the perfect morning citrus treat, this one, apparently a cross between a grapefruit and an orange approaches holy grail status. Wow, I thought, wouldn’t it be great to have one of these in…
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