Atlanta-based real estate firm flips former Chatham Apartments building to SCAD – News – Savannah Morning News

The Atlanta-based real estate investment firm, QR Capital, sold the former Chatham Apartments building to the Savannah College of Art and Design last week for almost $39 million, according to the Savannah Agenda.

The investment firm bought the property in 2019 for $25.6 million from Jacksonville, Fla.-based Chatham Apartments, LLC. At the time, Daniel Malino of QR Capital told the Savannah Morning News that they planned to renovate the building with work concluding in late 2020 or early 2021.

According to the company’s website, they mainly seek to acquire, renovate and operate conventional multifamily and student housing projects.

The building, which was constructed in 1952, includes 233 units and many of the residents receive housing assistance. As noted in a recent City Talk column, the last of the residents had moved out of the apartment

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Austin buyer positions Bellaire office building for new tenants



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Mixed-use CBD building for sale



Mixed-use CBD building for sale marries diverse income
with add-value options

36 Bryce Street

A high-profile
Hamilton CBD building with diverse tenants including a bank,
an escape room adventure hub and a leading bridal store has
been placed on the market for sale.

The three-storey
mixed-use property at 36 Bryce Street, Hamilton, sits at a
prominent site near the Victoria Street intersection, and
opposite the busy Centre Place Shopping Mall. The building
is fully leased to eight office and retail tenants, led by
anchor tenant the Co-operative Bank, in a precinct which is
home to a number of leading banking brands including ANZ,
SBS and the regional headquarters of ASB.

Other occupants
of the Bryce Street building include Astra Bridal and the
Escapist immersive adventure space, which features four
themed escape room games, along with an international-chain
Chinese restaurant, an engineering

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Character Mixed-Use Building For Sale In CBD Offers Tailored Solutions For Investors


A refurbished character building combining boutique
retail tenancies with high-quality office space in the heart
of Auckland’s CBD has been placed on the market for
sale.

22
Lorne Street, Auckland

The
three-storey standalone property for sale occupies a
high-profile site at 22 Lorne Street, a block from the
bustle of central Queen Street.

Two ground-floor
retail spaces with frontage to busy Lorne Street are fully
leased to a boutique clothing outlet and a leading bubble
tea chain. These generate total net rental income of $71,949
plus outgoings and GST per annum.

Two levels available
upstairs offer self-contained office spaces, with
residential possibilities on the top floor – presenting a
range of mixed-use options for investors, owner-occupiers
and would-be inner-city residents.

Occupying the
retail space at 22A Lorne Street is Origin Textile Limited,
trading as the boutique clothing outlet, Forte.

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Activists build ‘foam domes’ for the homeless outside of Mayor John Tory’s condo building

On a snowy Sunday, activists put together “foam domes” outside of Mayor John Tory’s condo building.

The dome shelters function to give people experiencing homelessness a warm structure to sleep in. They’re made of two pieces of insulated foam and include a carbon monoxide detector.

According to the Encampment Support Network’s Instagram, the structures are big enough for someone tall to sleep in.

The action came after Tory named November 22 National Housing Day, with the Toronto sign lit in red in recognition.

Tory tweeted the proclamation Sunday morning which stated the need for “affordable and adequate housing,” referencing the HousingTO 2020-2030 Action Plan that was approved by city council in December 2019.

The group, along with other volunteers and neighbours, started building the domes at around 10 a.m. Sunday morning, finishing the day with 12 structures.

These were then distributed to different areas in the city where they are

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Sale of SF’s Bank of America building, part-owned by Trump, put on hold

Efforts to sell the famed Bank of America Building at 555 California St. in San Francisco have been put on hold amid an uncertain market, a move than could at least temporarily hurt the finances of the cash-strapped Trump family, which owns 30% of the property, according the Wall Street Journal.

Vornado Realty Trust, which owns 70% of 555 California St., has decided to suspend efforts to unload both the California Street tower and 1290 Avenue of the Americas building in Manhattan, the Journal reported. The sales of the two buildings were expected to fetch as much as $5 billion, about $1.5 billion of which would have gone to the Trump family.

In a statement Doug Harmon, a Cushman & Wakefield chairman who was handling the New York sale for Vornado, said the company now plans to refinance its loans on the buildings and would look at putting them up

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Facebook’s Birmingham office building listed for sale

Facebook Inc.’s Birmingham office building is on the market for sale.

The building at 735 Forest between Woodward Avenue and Adams Road in the city’s Triangle District is being listed by Cushman & Wakefield Inc. for an undisclosed price.

The marketing materials say the 32,400-square-foot building constructed in 2008 is 100 percent leased, with Facebook taking one-third of the rentable area.

The type of Facebook employees working out of the building is not known.

It has two floors of office and retail space plus a third floor of 10 luxury apartments and is also home to the Forest Grill restaurant. Other tenants include Templeton Building Co. and Forest Avenue Design Management.

CoStar Group Inc., a Washington, D.C.-based real estate information service, estimates the office rent at $28 to $34 per square foot, plus electric.

The building’s net operating income is $746,086 per year, according to the marketing materials.

Royal Oak-based

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Over a year since purchasing building, Marine City looks for contractor to renovate new city hall

Marine City officials are looking for a contractor to renovate for the building slated to be the new city hall — a year and a half after the site was first purchased.



a sign on the side of a road: Marine City officials closed on a new building for city offices, located at 260 S. Parker St., moving the offices out of the Guy Community Center.


© Brian Wells/Times Herald
Marine City officials closed on a new building for city offices, located at 260 S. Parker St., moving the offices out of the Guy Community Center.

On Thursday, the City Commission OK’d putting out a request for proposals for work outfitting 260 S. Parker St. The 6,500-square-feet space was previously a fitness center and needs to be redeveloped into offices and a public meeting room.

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It’s the latest step of many since commissioners began looking for alternatives to the city’s current offices, 303 S. Water St., marking 14 years of occupying what was meant to be a temporary home.

According to the RFP, renovations would include demolition, plumbing and electrical upgrades, and

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My Building Is Going Co-op. Should I Buy or Move?

A large brick, multi-story apartment or condo building.

Image source: Getty Images.

While it doesn’t influence our opinions of products, we do receive compensation from partners whose offers appear here. We’re on your side, always. See our full advertiser disclosure here.

There are plenty of good reasons to rent a home rather than own one. For one thing, when you rent, there’s no large down payment to come up with. Plus, your monthly housing expenses are fairly predictable in that you pay your landlord and call it a day. When you own a home, you might encounter various expenses that pop out of the blue, like sudden repairs.

But what if you’re renting a home in a building that decides to go co-op? Should you attempt to buy into that co-op, or are you better off moving?

What is a co-op?

Some people use the terms “co-op” and “condo” interchangeably, but they’re actually very different. When you

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‘The centerpiece of Northampton’: Silverscape Designs going out of business; building still for sale

NORTHAMPTON — Silverscape Designs, the jewelry shop in a landmark former bank building in the heart of the city’s downtown, is going out of business after 27 years at the corner of King and Main streets.

The announcement Monday came about 18 months after the building at 1 King St. went on the market for $2 million, with the owners saying they planned to move to a smaller location.

“It’s a tough place to leave, but it’s time for retirement,” owner Wallace Perlman said Monday.

In a phone interview from his home in Connecticut, Perlman said the jewelry business has been suffering for some time.

“Jewelry has become less interesting to people over time,” he said. “Older people still have an interest. But younger people don’t. Why do you think Ikea has been so successful? People have found a way to get something that costs less money, but may not

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