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Orange County’s biggest landlords asked for an average rent of $1,578 a month last quarter — a three-year high, according to market tracker RealFacts.A This rent marker is up $72 — or 4.8% — in a year to the highest since first quarter 2009.A This is the fifth consecutive quarterly gain in rents, as measured by [...]

O.C. big apartment complex rents at 3-year-high is a post from: Lansner on Real Estate

A real estate investment firm accused of misleading investors didnat need government action to put it out of business. The company failed on its own, never getting a single investor or buying a single property, according to the governmentas complaint and to the firm’s own attorney. In a 17-page complaint filed Thursday, the U.S. Securities [...]

Investors shunned firm accused of fraud is a post from: Lansner on Real Estate

Investors who shared in the $90 million loss from a failed real estate speculating venture expressed joy at the news that federal regulators are going after the venture’s operators. The Securities and Exchange Commission fraud case filed Thursday is a sign that authorities haven’t forgotten them, say former investors in Irvine-based Pacific Property Assets. aItas [...]

Investors cheer fraud charge against Irvine firm is a post from: Lansner on Real Estate

Investors who lost $91.6 million betting on an apartment investment firm were outraged when its operators started a new venture along the same lines, but failed to mention that their prior company had gone bust The U.S. Securities and Exchange Commission now says that the second venture was adefrauding potential investors.a The agency filed suit [...]

SEC charges Irvine investment firm with fraud is a post from: Lansner on Real Estate

Three Orange County companies ranked among the nation’s 50 biggest landlords, with combined holdings totaling almost 122,000 apartments, according to a recent report by the National Multi Housing Council. The three Orange County firms collectively accounted for one out of every 145 apartments in the nation. The companies are: WNC & Associates Inc. of Irvine: [...]

Three OC landlords among nation’s top 50 is a post from: Lansner on Real Estate

The Irvine Co. has invited the public to tour its new Cypress Village Apartment Homes community and to enjoy family fun at a grand opening event this Saturday in northeast Irvine. The grand opening event is 1 p.m. to 4 p.m. and street parking is available on Bay Tree off Trabuco Road. The festivities include [...]

Grand opening for new Irvine apartments Saturday is a post from: Lansner on Real Estate

Frank Allen, James Wohrman and Nicholas Dunlap are Orange County-based property managers who collectively operate more than 6,400 units and have more than 50 years in combined experience. The three appeared on the Apartment Association of Orange Countyas economics panel during the groupas recent trade show at the Orange County Fairgrounds. Here are highlights of [...]

4% hikes expected in apartment rents is a post from: Lansner on Real Estate

Apartments are becoming scarce in most U.S. housing markets, resulting in rent hikes throughout the nation, a new apartment outlook states. Rank Metro area 1 San Jose 2 San Francisco 3 New York 4 Boston 5 Orange County 6 San Diego 7 Austin 8 Seattle-Tacoma 9 Washington, 10 Minneapolis 11 Portland 12 New Jersey 13 [...]

U.S. apartment sector in ‘full expansion’ is a post from: Lansner on Real Estate

O.C. apartment rents to jump 4%
From lansner.ocregister

Orange County apartment rents are projected to continue rising this year while the number of empty units will continue to fall, making the county the fifth-best apartment market for landlords in the nation in 2012, a market forecast concluded. Itas the second year in a row that the Marcus & Millichap National Apartment Index ranked [...]

O.C. apartment rents to jump 4% is a post from: Lansner on Real Estate

Veranda Apartment Homes, a 128-unit complex in Fullerton, has been sold for $20.4 million. Irvine-based Bascom Group bought Veranda from Fifth Street Partners & Angelo Gordon. Bascom says the complex, built in 1985, has nine buildings with 84 percent of its units as two-bedroom set-ups. This is Bascom’s 10th acquisition in 18 months, deals worth [...]

Fullerton apartments sell for $20 million is a post from: Lansner on Real Estate

Veteran Southern California real estate analyst G.U. Krueger adds his commentary on the housing market to this blog in a spot we call “Thursday Morning Quarterback.” Here’s his latest installment. … ARCHIVE According to Axiometrics, a very good data provider for the apartment market, the national rent growth in 2012 will be 5.5%. Rent growth [...]

Analyst: Apartment recovery solid in ’12 is a post from: Lansner on Real Estate

An early signal of an economic turnaround was local landlords’ ability to raise rents last year after a rare cycle of rent cuts. Surveys of rent at large complexes show a significant upward trend, but a government survey of consumer costs — including a rent slice — shows that not all Southern California landlords can [...]

SoCal rent hikes stall at last year’s level is a post from: Lansner on Real Estate

Brea has 94 new “affordable” apartments Jamboree Housing Corp. of Irvine — a not-for-profit affordable housing developer — has opened Bonterra Apartment Homes within the city’s new Blackstone master-planned community. The complex includes: Seven, three-story Spanish-inspired architectureA buildings 21 one-bedroom units; 34 two bedroom; 39 three bedroom apartments. 3,500-square-foot community recreation center Designed by KTGY Group [...]

Brea gets 94 ‘affordable’ apartments is a post from: Lansner on Real Estate

Irvine Co. ‘s newest apartment complex opens Saturday. The giant landlord will debut the 1,677-unit Village of Cypress in Irvine off Jeffrey Road and Trabuco Road near the I-5. Rents start at $1,478 a month. The complex is the largest apartment investment to date made in Orange County since the economic recovery began. Landlords have [...]

Irvine Co. opens new apartment complex is a post from: Lansner on Real Estate

The hardest Orange County city to find an apartment to rent last fall was Buena Park, according to the most recent data from RealFacts. The easiest? Westminster. According to the apartment data firm, 2.4% of Buena Parkas large-complex apartments were empty during the fall quarter. By comparison, 8% of the units in Westminster were vacant. [...]

Hardest place to find empty apartment? Buena Park! is a post from: Lansner on Real Estate

Special to the Washington Post

Continuing my hunt for a nice, cheap, convenient place to live in Washington has not been the easiest endeavor. It doesnat help being a college grad looking for an entry-level job.Read full article >>

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Metro isnat just a transit system a itas the owner and manager of some inAcredAibly valuable development sites in the area. Many of the properties are at or above Metro stations or bus bays, so they couldnat be more convenient for developers looking to build apartments or office buildings that are accessible to public transit.Read full article >>

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Over at Capital Business, Deltaas Steven Reilly has this analysis of the current apartment-sales market:

The sale of apartment buildings in the Washington region reached their highest level in three years in 2011, edging 2010 sales volume and far surpassing 2009, when sales reached a trough in the wake of the recession.Read full article >>

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Filed under: Real Estate DevelopmentsCondos and Apartments at Manhattan's New MiMA TowerRelated Companies, the creator of Time Warner Center has announced a new condo and apartment tower in the middle of Manhattan. MiMA, a 63-story mixed-use glass tower features luxury rentals and condominium residences. Rentals are available on floors 7 to 50 and condo residences are offered on floors 51 to 63. The floor-to-ceiling glass windows offer stunning views of Manhattan in all its glory. Each apartment has stainless steel appliances, designer finishes and in-residence washer/dryer.

The building features modern glass exteriors by Arquitectonica, interiors by Rockwell Group, and Frank Gehry-designed theaters. It isn’t just pretty, it’s a little green, the building is set to exceed LEED Silver certification.

The key selling features is M Club, a mix of health, recreation and entertainment amenities for residents that means you might never have to leave the building to have a good time, get your work done, entertain, or even get your dog groomed. The 44,000-square-foot space has an 18,000 square foot private residents-only fitness center by Equinox with a heated indoor lap pool, boxing room, a full-size basketball and volleyball court, three outdoor terraces with private dining pods and barbecue facilities, party rooms and catering kitchens, outdoor and indoor screening rooms, and an Internet café and business center equipped with iMac computers and a coffee bar. There is also a club room and residents’ lounge with a fireplace, game room with billiards and card tables and electronic gaming, and bicycle and resident storage. The urban dog care area, Dog City, is a professionally staffed pet spa with indoor and outdoor play areas offers grooming and training facilities, in-home feeding, walking services, scheduled play dates, and more.

Rentals start at $2,895 per month and studio residences will start at $695,000, one bedrooms at $950,000, and two bedrooms at $1.75 million.

LuxistCondos and Apartments at Manhattan’s New MiMA Tower originally appeared on Luxist on Mon, 07 Mar 2011 23:01:00 EST. Please see our terms for use of feeds.

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Filed under: Real Estate DevelopmentsRising 53 stories in Manhattan is Costas Kondylis’ newest project, The Continental. The 338-unit luxury rental tower is located at 885 Sixth Ave. (corner of 32nd Street) in Manhattan.

One of the core amenities is the Continental Club & Spa which has a 50-foot indoor infinity-edge lap swimming pool with heated hydrotherapy spa, set within a double-height, glass-enclosed atrium and extending onto a sun terrace furnished with lounge chairs. A fitness and cardio center, yoga studio, his-and-hers locker rooms and his-and-hers treatment rooms are also be available to residents. The Club’s lounge with a fireplace opens out onto a landscaped terrace with seating and dining areas and there is also a catering kitchen. The space has wifi and also includes a gaming lounge with billiards and LCD displays. For really amazing views, on the 48th floor, there is another sundeck and outdoor terrace lounge. Other amenities include a 24-hour doorman, concierge service, on-site valet services, on-site parking, and bicycle storage.

Apartments have floor-to-ceiling tinted windows, ceilings as high as 10 feet, white oak flooring throughout and Asko washers and dryers in every residence. Kitchens have tile flooring, quartz countertops and high-end stainless steel appliances. Bathrooms include marble vanities and Kohler tubs.

Studio, one-bedroom, one-bedroom with home office, and two-bedroom apartments are available. Monthly rental prices range from approximately $2,550 to more than $6,110. Last month Curbed took a tour and commented on the building’s luxe amenities. One of the nicest features seems to be the amenity that nature (sometimes) provides, beautiful bright sunlight streaming through glass windows.

Gallery: Costas Kondylis’ Newest Project, The Continental

LuxistCostas Kondylis’ Newest Project, The Continental originally appeared on Luxist on Wed, 09 Feb 2011 06:01:00 EST. Please see our terms for use of feeds.

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