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L+M Development Opens Final Phase of Candlestick Heights

L+M Development Opens Final Phase of Candlestick Heights

Affordable housing developer L+M Development Partners recently announced the official opening of the long-stalled Candlestick Heights affordable housing community in San Francisco’s Bayview Neighborhood. …

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Zillow Announces Acquisition of Trulia for $3.5 Billion in Stock

Zillow Announces Acquisition of Trulia for $3.5 Billion in Stock

Zillow today announced that it has entered into a definitive agreement to acquire Trulia for $3.5 billion in a stock-for-stock transaction.…

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TODAY’S DEALS: Simpson Housing Sells Property in Affluent South Charlotte Submarket for $32.25M

TODAY’S DEALS: Simpson Housing Sells Property in Affluent South Charlotte Submarket for $32.25M

ARA announced the sale of The Arboretum Apartments, a 277-unit mulit-housing community to an affiliate of The Connor Group; and Capital One Multifamily closes a $25.6 million Fannie Mae loan refinancing apartments in Southern California.…

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Alliance Residential Promotes Key Leaders

Alliance Residential Promotes Key Leaders

Alliance Residential announced the promotions of V. Jay Hiemenz to president and chief operating officer, and Bob Weston to chief financial officer. …

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TODAY’S DEALS: Centerline Capital Arranges Loans for Three Multifamily Properties in Oregon

TODAY’S DEALS: Centerline Capital Arranges Loans for Three Multifamily Properties in Oregon

Centerline Capital provides $16.3 million in financing to properties in Eugene and Portland, Ore.; and EverBank supplies a $4.1 million construction takeout loan. …

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Condo Prices Rising Again in Trio of West Coast Cities

Condo Prices Rising Again in Trio of West Coast Cities

Condominium prices rose again in June in downtown Los Angeles, San Francisco and downtown Seattle, according to The Mark Company’s Condominium Pricing Index.…

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TODAY’S DEALS: HFF Arranges $95M Construction Loan for Hi-Rise in Reston, Va.

TODAY’S DEALS: HFF Arranges $95M Construction Loan for Hi-Rise in Reston, Va.

HFF arranged a bank construction loan of $95 million for the development of BLVD at Reston Station; and Red Mortgage funds a $31M FHA supplemental loan for a new construction. …

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Yardi Voyager 7S Earns Realcomm Digie Award for Innovative Technology

Yardi Voyager 7S Earns Realcomm Digie Award for Innovative Technology

Soon after its mid-2013 release, Yardi Voyager® 7S became the solution of choice for clients attracted to the platform’s browser-independence, tablet compatibility and ability to add other Yardi solutions to create a full business solution. …

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TODAY’S DEALS: NorthMarq Dallas Office Arranges Refinances Totaling $78.49M for Borrower

TODAY’S DEALS: NorthMarq Dallas Office Arranges Refinances Totaling $78.49M for Borrower

NorthMarq Capital negotiates refinancing of two properties in Colorado and Georgia; and Madison Realty sells a Manhattan portfolio for $23.4 million following the doubling of property values. …

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The Towbes Group’s Willow Springs Phase II Fully Leased Ahead of Schedule

The Towbes Group’s Willow Springs Phase II Fully Leased Ahead of Schedule

The Towbes Group has announced that all units in the Phase II component of its Goleta, Calif. community, Willow Springs, have been leased about three months ahead of schedule. …

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TruAmerica Multifamily Acquires Phoenix Apartment

TruAmerica Multifamily Acquires Phoenix Apartment

TruAmerica Multifamily, a California investor, has acquired Avenue 25 Apartments, a 254-unit multifamily community in Phoenix, for $35.4 million, or about $139,370 a unit. …

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Hensel Phelps, Mithun Awarded Contract for New UCI Student Housing Community

Hensel Phelps, Mithun Awarded Contract for New UCI Student Housing Community

The University of California, Irvine has announced that it has selected construction and design firm Hensel Phelps in partnership with architect Mithun to design and construct the Mesa Court Expansion student housing community. The $92 million project it targeting LEED Platinum and will add 780 beds to the university’s housing.…

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