shawnacosby

[shawnacosby]

[shawnacosby]

I have seen the growth in the Multifamily buildings, acquisitions, new developments, existing renovations bringing millions to the economic growth. https://plus.google.com/113974160509096774403/posts/KrUuEmbK9TK

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Trammell Crow #WestHollywood Site for 166-Unit Lux #Apartment #Development https://plus.google.com/113974160509096774403/posts/3ZMSteQwLo4

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Started using http://j.mp/visgDD to post status updates to all my social networks at the same time.

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#ShawnaCosbyNews #REIT THIS IS A PIECE OF AMERICANA, I WANT TO OWN. #ShawnaCosby The Empire State Building generated about $114 million of revenue for the six months that ended June 30. NEW YORK CITY-The long-awaited IPO for a new REIT to be backed by the Empire State Building and other office and retail properties supervised by Malkin Holdings is coming to pass. Empire State Realty Trust on Thursday afternoon said it had commenced an offering of 71.5 million shares that will be priced between $13 and $15 per common share, with underwriters having an option to buy up to 10.725 million additional shares, for a total of about $1.15 billion. The REIT will trade on the New York Stock Exchange under the symbol ESRT. In its offering plan, which has not yet been declared effective by the SEC, ESRT says its main focus will be “to continue to own, manage and operate our current portfolio and to acquire and reposition office and retail properties in Manhattan and the greater New York metropolitan area.” Highlighted by the Empire State Building, that portfolio includes a dozen office buildings, seven of which are in Midtown, as well as six standalone retail properties, including four in Manhattan. Additionally, the REIT has entitled land at the Stamford Transportation Center in Stamford, CT, adjacent to one of its office properties, that will support the development of 380,000 square feet of office and garage space. “The Empire State Building is our flagship property and provides us with a significant and diversified source of revenue through its office and retail leases, observatory operations and broadcasting licenses and related leased space,” according to the prospectus. The iconic office tower at 350 Fifth Ave. generated approximately $114 million of revenue for the six months ended June 30 and $240.8 million of revenue for the year ended Dec. 31, 2012. “The ongoing repositioning of the Empire State Building, which comprises 2,701,938 rentable square feet of office space and 167,788 rentable square feet of retail space, is representative of our strategic vision for our Manhattan office properties.” ESRT says it plans to use net proceeds from the IPO to fund certain formation transaction costs and fees, repay existing loans and make cash payments to holders of interests in the existing entities, including the Helmsley estate. Goldman Sachs and BofA Merrill Lynch are the joint book-running managers. ----------------------------- I am interested in #Multifamy #PropertyManagement #BankRates #RealEstate In #Commercial #CRE ..... I presently work in beautiful #Pasadena at #hollystreetvillage my career in #propertymanagement is my #passion. #ARM certified participate with #NAA ... I am in #realestate #acquisitions # work with #property #owners #Investors #renters in the #losangeles #california #orangecounty #landlords. Deal with #finance #bankers #developers. #Mentors and friends #louvilchezmeyers #bobhart #dianalongoria work for #riverstoneres

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Anneke Greco joins JLL as VP to expand tri-cities leasing services for institutional landlords and property owners. http://www.globest.com/news/12_696/losangeles/employment/JLL-Recruits-Tri-City-All-Stars-337832.html?noredirect=1#noredirect

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https://plus.google.com/113974160509096774403/posts/GGejcqmS5pb

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#ShawnaCosbyNews #multifamily #CRE #finance Canyon Capital Realty Advisors Funds $31 Million Loan for Luxury Mixed-Use Development in NYC https://plus.google.com/113974160509096774403/posts/CWEs2pQE3gt

[shawnacosby]

An interesting quote for a weekend spirit 5774 (at pasadena ca)

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#Shawnacosbynews #hollystreetapartments #forrent Click on the link the 11 rules https://plus.google.com/113974160509096774403/posts/SdqXubm1U9q

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#shawnacosbynews is this a world-of-changing or what??? #love this update. Solar Carports Set To Generate 500KW https://plus.google.com/113974160509096774403/posts/Md6KzcMqLXJ

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Google Provides $6.5 Million in Equity Funding for New Affordable Multifamily Housing Community #shawnacosby #multifamily On Wednesday, September 4, 2013, the City of Mountain View and Google celebrated the grand opening of Franklin Street Family Apartments, a development by ROEM Corporation in partnership with the City of Mountain View. The grand opening celebration was held at 11:00 a.m. at 135 Franklin Street, Mountain View, CA 94041. “ROEM, the City of Mountain View staff, and consultants have produced a fabulous apartment community incorporating elegant architecture and amenities for 51 low income households,” stated Mayor John Inks, City of Mountain View. “This new high-quality development is part of the dramatic residential and commercial redevelopment occurring in downtown Mountain View.” Franklin Street Family Apartments offers 51 one-, two-, and three-bedroom affordable apartments to families with annual incomes at or below 50% of the Santa Clara County Area Median Income. This development is designed to provide a sustainable and affordable community for its residents while enhancing the existing neighborhood. The building architecture complements the unique downtown location and provides easy access to public transportation for its residents. Through its syndicator, AEGON USA Realty Advisors, Inc., Google has invested a total of $6.5 million equity in the Franklin Street Family Apartments. Google also provided additional grant of $81,859 for computer equipment and free Internet access for residents. “Our investment in Franklin Street Family Apartments is helping to create 51 new affordable housing units for families. Mountain View has been a wonderful home to Google, so we couldn’t be more thrilled to help others make this community their home as well,” said Kojo Ako-Asare, head of Google's corporate finance team. “Google remains committed to supporting affordable housing options in areas that allow for use of alternative transportation.” The development consists of a three- and four-story “C” shaped residential building with 92 parking spaces in a subterranean parking garage. The landscape design creates meaningful private and public open spaces, while preserving a significant number of trees. Amenities include a computer center and complimentary residential wi-fi, both sponsored by Google, a library, a community room, a fitness room, a courtyard, a tot lot, and a barbeque area, along with a wide array of resident services, including computer classes, ESL classes, and resident events.

[shawnacosby]

#shawnacosby @dianalongoria2 @MRGaccess #hollystreetvillage To all wh celebrate the 5774 new year Happy Rosh Hashanah is shana tovah u'metukah, "a good and sweet new year." Many traditional Rosh Hashanah foods -- apples and honey, raisin challah, honey cake and pomegranate.

[shawnacosby]

https://plus.google.com/113974160509096774403/posts/UWSQK1JPxzf Pontius: “The value-add investor is making a bet that the recovery pace will accelerate.” #shawnacosby #louvilchezmeyers #dianalongoria #realestate #investors #riverstoneres #bobhart #TruAmerica #multifamily

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#Multifamily #news #ShawnaCosby #propertymanagement WASHINGTON, DC - Production of apartments and condominiums gained momentum in the second quarter of 2013, according to the latest Multifamily Production Index (MPI), released by the National Association of Home Builders (NAHB). The index increased nine points to 61, which is the highest reading since its inception in 2003. The MPI measures builder and developer sentiment about current conditions in the apartment and condominium market on a scale of 0 to 100. The index and all of its components are scaled so that any number over 50 indicates that more respondents report conditions are improving than report conditions are getting worse. The MPI provides a composite measure of three key elements of the multifamily housing market: construction of low-rent units, market-rate rental units and “for-sale" units, or condominiums. In the second quarter of 2013, the MPI component tracking builder and developer perceptions of market-rate rental properties rose six points to 67, the 11th straight quarter above 50; for-sale units had a significant increase of 16 points to 58, which is the highest reading since the second quarter of 2005; and low-rent units increased five points to 60. “Multifamily developer confidence is currently at an all-time high according to our survey results, and we expect to see that continue for the foreseeable future,” said W. Dean Henry, CEO of Legacy Partners Residential in Foster City, Calif., and chairman of NAHB’s Multifamily Leadership Board. “Much of the consumer demand that we are now seeing is coming from a large generation of young people who are able to find jobs and establish their own households as the economy continues to improve.” The Multifamily Vacancy Index (MVI), which measures the multifamily housing industry's perception of vacancies, rose four points to 42. With the MVI, lower numbers indicate fewer vacancies. After peaking at 70 in the second quarter of 2009, the MVI improved consistently through 2010 and has been at a fairly moderate level since 2011. Historically, the MPI and MVI have performed well as leading indicators of U.S. Census figures for multifamily starts and vacancy rates, providing information on likely movement in the Census figures one to three quarters in advance. “The apartment and condo sector continues to expand production,” said NAHB Chief Economist David Crowe. “This increased level of activity is needed to meet current demand and to compensate for a serious lack of new units developed during the housing downturn.”