#Linus Realestate

A Custom Saint-Louis Crystal Chandelier—and a Trip to Paris

The French cristallerie Saint-Louis has made some of Europe’s most elegant drinking glasses since 1586, and royals from King Louis XV to the court of Nepal have commissioned its wares. But the company’s artisans also turn its fine crystal into lighting, with designs that run from baroque to avant-garde. Saint-Louis will help a Robb Report reader design a custom chandelier during an exclusive three-day trip to France. You and a guest will fly business class round-trip to Paris, where you’ll visit the flagship showroom and enjoy a private tour of the legendary Comédie-Française theater, home to a 6,200-piece Saint-Louis fixture that...
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Atrium Hospitality Advances Leadership Talent: Promotes Anneliesse Cooper to Chief Human Resources Officer; Chris O’Donnell to Chief Operating Officer; and Michael Tyler to Vice President, Capital Planning & Facilities

ALPHARETTA, Ga.--(BUSINESS WIRE)--Dec 6, 2022-- Atrium Hospitality today announced three leadership promotions from within the company as the award-winning hotel management company strategically positions for the future. Anneliesse Cooper has advanced to Chief Human Resources Officer; Chris O’Donnell has been appointed to Chief Operating Officer; and Michael Tyler has been promoted to Vice President, Capital Planning & Facilities, a newly created role. Alpharetta, Georgia-based Atrium Hospitality is one of the nation’s largest hotel operators. Our company manages a portfolio of more than 80 hotels, representing well-known brands such as Hilton, Marriott, IHG, and Wyndham, in 28 states and operates more than 20,000 guest rooms/suites and approximately 3 million square feet of event space. This press release features multimedia. View the full release here: Anneliesse Cooper has advanced to Chief Human Resources Officer at Alpharetta, Georgia-based Atrium Hospitality, which is one of the nation’s largest hotel operators. With more than 25 years of hospitality experience, Anneliesse joined the company in April 2022 as Senior Vice President, Human Resources. Prior to Atrium, Anneliesse served as Vice President of Human Resources at Marriott International, supporting the company’s Caribbean & Latin America Region. (Photo: Business Wire)
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Toronto home sales plummet year-over-year in November

Homebuying activity in Toronto fell by 49% in November compared with the same month in 2021, with listings also slipping on both a yearly and month-over-month basis. Last month saw 4,544 properties change hands in the Toronto market as interest rate hikes continue to squeeze affordability despite the average selling price across all home types coming in 7.2% lower than the year before.

Pittsburgh Multifamily Report – October 2022

Somewhat surprisingly, the city is outperforming national averages. As a former manufacturing-heavy Rust Belt market, Pittsburgh has seen some lag in the development of its multifamily sector over the years. However, while national trends point to a significant slowdown or even stagnation, Pittsburgh rent growth is now outperforming, at 0.8 percent on a trailing three-month basis as of August, while the U.S. rate was 0.6 percent. The metro’s average occupancy in stabilized properties was 96.3 percent as of July, 30 basis points higher than the national figure.

Blue Vista JV to Redevelop Florida Site Into Self Storage

HEADLINE: Blue Vista JV to Redevelop Florida Site into Self Storage The firm will join H&M Development to convert the former 100,000-square-foot recreation facility into a climate-controlled space. Blue Vista Capital Management and H&M Development have partnered for the first time to redevelop a 100,000-square-foot recreational facility into a 962-unit...

3650 REIT Originates $77M Construction Loan in South Florida

Elevate Apartments will have 293 units and is being developed by Royal Palm Cos. Royal Palm Cos. has secured a $76.5 million construction loan from 3650 REIT to finance the completion of Elevate Apartments, a 293-unit, eight-story multifamily property in Dania Beach, Fla. The building at 560 E. Dania Beach...

Goldman Sachs JV Acquires DFW Portfolio

The buyers plan to make capital improvements and provide support services at the properties. A joint venture between CAF Funds, the acquisition-focused subsidiary of CAF Cos. and Goldman Sachs Asset Management’s Urban Investment Group has completed the purchase of the Obsidian portfolio, an eight-community, 2,766-unit collection of multifamily properties around the Dallas-Fort Worth area.

Second major development to bring hundreds of apartments to Wisconsin Avenue

Construction is underway on another massive mixed-use development on Wisconsin Avenue, this time a $295 million combination of apartments and retail space. Known as Upton Place, the two-building development will bring 689 apartment units and 100,000 square feet of retail space to Northwest D.C. next to the City Ridge development. Onelife Fitness and the grocery chain Lidl have already signed retail leases, with more shops and restaurants expected to join.

Milestone Group Purchases 3 Virginia Properties

The assets were acquired through the firm's value-add fund, which totals 6,000 units. The Milestone Group has acquired a three-property portfolio, totaling 870 units, in Fairfax County, Va. The company purchased the assets through a loan assumption in an off-market deal. The price of the acquisition was not disclosed. The...

Bayonne City Council proposes ordinance to continue rent control

Bayonne is continuing rent control of certain units for another year. At its November meeting, the City Council introduced an ordinance that would do that by amending and supplementing the general ordinances of the city of Bayonne, Chapter 16, entitled Rent Control. The ordinance would extend rent control from Jan. 1, 2023 to Dec. 31, 2023.

State will provide temporary housing for Volusia's Tropical Storm Ian victims

DAYTONA BEACH — Good news for Tropical Storm Ian survivors who have been slogging through a lot of bad news: Free housing is on the way. The Florida Department of Emergency Management is distributing travel trailers and recreational vehicles to Volusia County residents whose homes are uninhabitable because of damage from Tropical Storm Ian. ...

There goes another perfectly good cornfield

Like many small communities in Iowa, my hometown of Huxley is surrounded on all four sides by farmland. Recently, as I was heading out on Highway 69 to go to work in Des Moines, something caught my eye in the middle of a field on the south edge of town: a convoy of pickups and […] The post There goes another perfectly good cornfield appeared first on Iowa Capital Dispatch.
Grand Rapids Business Journal

County approves $18M toward housing fund

There is nearly $20 million coming to help Kent County housing. The Kent County Board of Commissioners approved $18 million in American Rescue Plan funds last week. The county will invest $17.5 million in a Kent County Revolving Housing Fund, while another $500,000 will go to Housing Kent for the Kent County Equitable Housing Initiative.

More Housing, Not Outrage, Is The Answer To Higher Rents

An article in the New York Times , “The Rent Revolution Is Coming,” is worth commenting on not because it matters all that much in terms of policy, but because it is another pump on the bellows of an emotional and incoherent effort to seize private property and end private rental housing. Sure, it sounds like a conspiracy theory. Maybe I’ll be banned. But the Times article adds no light but heat to the notion that people who build and operate housing are bad actors and the idea of paying for the use of something that belongs to someone else is somehow obscene. Most Americans understand the idea of renting something until it comes to housing. The deep flaws in the Times story lay bare the dangers of fanning these flames.

Las Vegas housing market shows slowing since May, report finds

LAS VEGAS, Nev. (FOX5) - For nearly 2 years, the housing market in Southern Nevada continued to break records month after month. However, for most of 2022, the market has cooled down thanks to soaring interest rates. According to Las Vegas Realtors (LVR), the average price of homes sold in...