Tuesday, January 25, 2011
Carson Equities Completes New Lease Agreement With Hines Interests LP
Carson Equities, LLC negotiates and completes a 6,000 square-foot lease agreement with Hines Interests LP at One Northwestern Plaza Southfield, Michigan. Carson Equities represented Moss & Colella, PC, tenant. Friedman Real Estate Group, Inc. represented Hines Interests LP, landlord.
Monday, January 10, 2011
Carson Equities Completes the Sale of The Boulevard Apartments and Condominiums in Auburn Hills
Carson Equities negotiates and completes the sale of The Boulevard Apartments & Condominiums. The Boulevard is a class A multi-family apartment & condominium community located on E. Walton Boulevard in Auburn Hills, Mich. It consists of 256 multi-family units and is situated on approximately 15 acres.
Stephen J. Carson, Principal of Carson Equities LLC explains, "The Boulevard presented the purchaser with an opportunity to acquire a desirable multi-family community with many amenities, including individual entrances, large floor plans, washer & dryers, fireplaces, clubhouse, pool, fitness center and tennis courts; while located minutes from retail shopping, entertainment, higher education and some of the area largest employers."
Originally constructed in 1985, The Boulevard quickly became an upscale executive housing destination for many employees located within Auburn Hills/Oakland County submarket. More recently, a portion of The Boulevard was converted into for-sale condominium and 45 of 256 units were sold to individual home owners. The Boulevard is located minutes from Oakland University, Chrysler World Headquarters, The Palace of Auburn Hills, Meadowbrook Music Theatre, Great Lakes Crossing shopping mall, Pine Knob Ski Resort, DTE Energy Music Theatre, Meadowbrook Lifestyle Center and Crittenton Hospital.
The Boulevard was acquired by Boulevard Apartments of Auburn Hills LLC and Boulevard Condominium of Auburn Hills LLC. Stephen J. Carson was the court-appointed receiver over the assets in the matter pertaining to The Boulevard.
Stephen J. Carson, Principal of Carson Equities LLC explains, "The Boulevard presented the purchaser with an opportunity to acquire a desirable multi-family community with many amenities, including individual entrances, large floor plans, washer & dryers, fireplaces, clubhouse, pool, fitness center and tennis courts; while located minutes from retail shopping, entertainment, higher education and some of the area largest employers."
Originally constructed in 1985, The Boulevard quickly became an upscale executive housing destination for many employees located within Auburn Hills/Oakland County submarket. More recently, a portion of The Boulevard was converted into for-sale condominium and 45 of 256 units were sold to individual home owners. The Boulevard is located minutes from Oakland University, Chrysler World Headquarters, The Palace of Auburn Hills, Meadowbrook Music Theatre, Great Lakes Crossing shopping mall, Pine Knob Ski Resort, DTE Energy Music Theatre, Meadowbrook Lifestyle Center and Crittenton Hospital.
The Boulevard was acquired by Boulevard Apartments of Auburn Hills LLC and Boulevard Condominium of Auburn Hills LLC. Stephen J. Carson was the court-appointed receiver over the assets in the matter pertaining to The Boulevard.
Sunday, December 26, 2010
Carson Equities Appointed Asset Receiver for Two Multi-Family Residential Communities
J. Carson, principal of Carson Equities LLC, was appointed asset receiver in matters pertaining to Allen Pointe Condominiums Allen Park, MI and Fairfield Condominiums, Fenton, MI.
Allen Pointe Condominiums was constructed in the 1970’s, originally developed as a 250 unit “in-fill” apartment community. In 2004, the apartment units were converted into for-sale condominium. Presently, there are 113 developer-owned garden-style rental units featuring one and two-bedroom floor plans, within two-story buildings (note: individual condominium sales are continuing and, therefore, the total amount of developer owned rental units may be less than indicated herein). Allen Pointe is located in Allen Park, MI near the Detroit Metropolitan Airport, Ford Motor Company World Headquarters, General Motors, Masco Corporation, and Compuware.
The Fairfield Condominiums, located in Fenton, MI, was built in 2001 as a 180 unit apartment community featuring one and two-bedroom floor plans, a full amenity clubhouse, swimming pool and tennis courts. In 2006 the apartment units were converted into for-sale condominiums. Presently, there are 125 developer-owned rental units remaining. Fairfield is located on Silver Parkway and is near Ann Arbor, Metropolitan Detroit and Grand Blanc. Carson Equities hired Dietz Property Group of Birmingham, MI to provide property management at Fairfield Condominiums and Allen Pointe Condominiums.
Carson Equities provides corporate and real estate advisory services to private and public institutions; addressing their delinquent and non-performing obligations. Carson Equities third-party management affiliate and court-appointed receivership commitments establish knowledgeable, consistent and cost-effective oversight to assist national, regional and local lenders with their distinct asset requirements. Carson Equities successfully provides its services by i) placing knowledgeable, qualified support staff within the process ii) incorporating consistency between the lender, lender counsel and borrower iii) developing a strategic plan and cost recovery estimates that fit within the short and long-term goals; iv) providing litigation support as needed and v) developing short and long term solutions to non-performing obligations and assets.
Allen Pointe Condominiums was constructed in the 1970’s, originally developed as a 250 unit “in-fill” apartment community. In 2004, the apartment units were converted into for-sale condominium. Presently, there are 113 developer-owned garden-style rental units featuring one and two-bedroom floor plans, within two-story buildings (note: individual condominium sales are continuing and, therefore, the total amount of developer owned rental units may be less than indicated herein). Allen Pointe is located in Allen Park, MI near the Detroit Metropolitan Airport, Ford Motor Company World Headquarters, General Motors, Masco Corporation, and Compuware.
The Fairfield Condominiums, located in Fenton, MI, was built in 2001 as a 180 unit apartment community featuring one and two-bedroom floor plans, a full amenity clubhouse, swimming pool and tennis courts. In 2006 the apartment units were converted into for-sale condominiums. Presently, there are 125 developer-owned rental units remaining. Fairfield is located on Silver Parkway and is near Ann Arbor, Metropolitan Detroit and Grand Blanc. Carson Equities hired Dietz Property Group of Birmingham, MI to provide property management at Fairfield Condominiums and Allen Pointe Condominiums.
Carson Equities provides corporate and real estate advisory services to private and public institutions; addressing their delinquent and non-performing obligations. Carson Equities third-party management affiliate and court-appointed receivership commitments establish knowledgeable, consistent and cost-effective oversight to assist national, regional and local lenders with their distinct asset requirements. Carson Equities successfully provides its services by i) placing knowledgeable, qualified support staff within the process ii) incorporating consistency between the lender, lender counsel and borrower iii) developing a strategic plan and cost recovery estimates that fit within the short and long-term goals; iv) providing litigation support as needed and v) developing short and long term solutions to non-performing obligations and assets.
Sunday, December 5, 2010
Carson Equities Completes the Disposition of 45,000 Square-Foot Shopping Center and 2 Acres of Contiguous Retail Land
Stephen J. Carson, principal of Carson Equities LLC, procures and completes the disposition of a 45,000 square-foot retail shopping center and 2 acres of contiguous vacant land. The shopping center and land, located in Clarkston, MI, was built in 2006. It was 60% occupied at the time of disposition with local and regional tenants. Carson represented the buyer and the seller. The seller was a national lender and buyer, a Michigan investment firm.The price and terms are not available for public disclosure.
Wednesday, November 24, 2010
Carson Equities Completes Disposition of 75,000 Square-Foot Shopping Center
Stephen J. Carson, principal of Carson Equities LLC, procures and completes the disposition of a 75,000 square-foot retail shopping center. The shopping center is located in Wixom, Mich and was built in 2005. The retail shopping center was 50% occupied at the time of disposition. Carson represented the buyer. The seller, buyer, price and terms are not available for public disclosure.
Subscribe to:
Posts (Atom)