One of nation’s largest apartment owners buys three Salisbury complexes – Salisbury Post

SALISBURY — One of the nation’s largest apartment owners and operators has announced the acquisition of three complexes in Salisbury.

Alexander Station, Ashton Woods and Lakewood Apartments were three of 18 communities in the Carolinas acquired as a part of a $323 million transaction by Morgan Properties, the fifth-largest apartment owner and operator in the U.S. Morgan Properties is based in King of Prussia, Pennsylvania, and owns more than 250 apartment complexes in 14 states.

In a news release, Morgan Properties President Johnathan Morgan indicated that the potential for population and job growth in the Carolinas was the driving force behind the acquisition.

“Despite 2020 being an unprecedented year, this acquisition shows our continued confidence in class B, value-add multifamily fundamentals, the strength of our business and talented team, and our eagerness to grow our portfolio,” Morgan said in a news release. “The Carolinas are fast-growing markets that offer

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Apartment-complex projects boost city’s building permit numbers for September | Local

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Approval recommended for 150-home development

Image credit: Sten Architecture

A proposed development of more than 150 new homes on a waterfront site in South Yorkshire looks set to get the go-ahead next week (13 October 2020).

Keepmoat Homes, supported by Sten Architecture, submitted an application to Doncaster Council in October 2019 for a site off Lakeside Boulevard.

Planning consent is sought for a total of 156 residential units, comprising terraced, semi-detached and detached houses as well as apartments.

Larger’ landmark’ buildings would be located at key locations on the site.

An area of open space would be retained in the centre of the development.

A design and access statement submitted as part of the application said the proposed development would provide “high-quality residential accommodation and will contribute towards the overall amenity, and sustainability of the area”, as well as creating jobs during construction.

The application will go before the council’s planning committee on 13 October

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Blotter: Man arrested in connection with September shooting at Village East Apartments | Blotter

The Denton Police Department responded to a shooting around 10:30 p.m. Sept. 28 in the 2600 block of Mingo Road. Several callers reported hearing seven to eight gunshots fired and officers found several shell casings in the parking lot. The report says they also found blood at the scene.

A woman was later dropped off at a local hospital with a gunshot wound. Marcus Danta Smith was arrested and charged with aggravated assault with a deadly weapon.



Danta Smith.jpg

Marcus Danta Smith


Other reports

700 block of East Sherman Drive — Two unknown burglars broke into a smoke shop early Thursday and took vapor juice, according to a police report.

Officers were dispatched after an alarm sounded off at Gigi’s Vapor and Smoke Shop around 5:22 a.m. The report says police reviewed surveillance footage and saw two suspects. One person threw a rock at the glass door, causing it to shatter.

Police

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Out of the Cold finds permanent home

The Rainy River District Social Services Administration Board (RRDSSAB) has purchased the Apostolic Way Church located on 324 Victoria Ave. to have a permanent solution for the local homeless population.

Dan McCormick, chief administrative officer at RRDSSAB, said this purchase means they have a permanent location for the ‘Out of The Cold’ warming centre.

However, McCormick said even having a permanent shelter location does not solve the problem because it has to be coupled with treatment programs. One solution RRDSSAB is looking at is the Safe Beds Program which stays up to 30 days. McCormick said it is a treatment program that individuals usually join after they get recommendation from the OPP.

The second program RRDSSAB is working on is a Transition Bed Program where individuals go into a rehabilitation program for up to two years. McCormick said then they would try to get them into permanent housing in either

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Aeon, Community Development Trust and Minnesota Housing close $4.25 million refinancing of affordable apartments in Minnesota

Aeon, a nonprofit developer and operator in the Twin Cities; The Community Development Trust, a national investor in affordable housing; and Minnesota Housing closed the $42.5 million refinancing of Seasons Park Apartments in Richield, Minnesota
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The 422-unit property is located a few miles from the Mall of America and the Minneapolis-St. Paul International Airport. The new plan will help preserve long-term affordability for more than 1,200 residents at a time when developers are increasingly buying these properties to convert them into market-rate housing.

“Preservation is a critical component to meet Minnesota’s need for homes that are affordable,” said James Lehnhoff, Assistant Commissioner of Multifamily at Minnesota Housing.

“Minnesota Housing is pleased to support Seasons Park with a first mortgage and flexible financing to complete capital improvements and to keep the property affordable for years to come,” Lehnhoff said.

Aeon and CDT initially partnered on the acquisition of Seasons Park

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Cleveland approves tax breaks topping $100,000 a year for new apartment building

CLEVELAND, Ohio – Cleveland City Council has approved tax incentives topping $100,000 a year for development of an 83-unit apartment building in Tremont.

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Sustainable Community Associates has proposed a $24 million, four-story building known as the Lincoln Building at Scranton Road and Willey Avenue. It also would have about 6,500 square feet of commercial space.

The council on Wednesday approved a 30-year tax-increment financing package that will divert property taxes generated by the Lincoln Building toward improvements to the property. Mayor Frank Jackson signed the legislation Wednesday afternoon.

The value of the finance package is expected to be slightly less than $143,500 a year. It will be based on the assessed value of the completed building. The financing package does not affect Cleveland schools, which is expected to gain about $215,000 a year in new taxes from the building.

Since the project involves new housing, it qualifies for

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Dorinda Medley Shows Dressing Room in NYC Apartment

From a flood to a total gut renovation, Dorinda Medley dealt with some logistically wrought home projects during Season 12 of The Real Housewives of New York City. But these days, the aerobics enthusiast is finding some time to relax in areas of her home that don’t need an ounce of improvement — and that includes an enchanting space that’s packed with sparkles. 

In a recent Instagram snap, the RHONY alum shared a look at the dressing room in her New York apartment. With colorful, patterned wallpaper and a starburst chandelier, the space also has a window overlooking the city skyline. Colorful pieces of furniture included a pillowed yellow chair and a tufted midnight-blue ottoman. 

Along the walls, there were bookshelves, piles of necklaces organized by color, and golden racks holding ornate jackets. “My magical dressing room filled with sequins!” Dorinda wrote in her caption.

And in the comments,

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Reed Hastings Trashed Work From Home And Investors Should Pay Attention (NYSE:AVB)

I made a living trashing Netflix (NFLX) CEO Reed Hastings nearly a decade ago. And, frankly, I’m ashamed of it.

Not because I was wrong about Netflix. I never feel bad about being wrong on a stock or company. I’m embarrassed because I frequently attacked Hastings and made too big a deal about Netflix’s balance sheet. Reed Hastings is a visionary. I didn’t understand his vision. Looking back, I should have made the same arguments in relation to Netflix as I did in my defense of Jeff Bezos at Amazon.com (AMZN).

So, Reed, if you’re reading. I’m sorry.

At Medium, I take a broader view of Hastings’ recent interview with The Wall Street Journal (you might hit a paywall at the link). In this article, I consider it within the context of how it can help investors set themselves up for post-pandemic opportunity.

Reed Hastings hates work from home. Reed

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Home Improvement: How home design trends are evolving for social distancing – Salisbury Post

Metro Creative

COVID-19 has brought changes to everything, and home design is no exception. Experts are expecting to see lasting impacts on everything from the materials we use to the rooms we prioritize. Check out these and other noteworthy trends:

Houses over apartments: Many people who live in condos or apartments do so to be closer to the action — work, entertainment and shops — and never planned on spending much time at home. But the pandemic has changed that, and more people are going to want a home that offers plenty of room and outdoor space in case they need to self-isolate again.

Self-sufficiency: A hard lesson we’ve learned is that things and services we thought we could count on aren’t necessarily a sure thing, so items that increase self-reliance will become very popular. Expect to see more homes with sources of energy like solar panels, sources of heat

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