Archive for the Category ‘West’

California Set to Make Mechanic’s Lien Law Change

California Set to Make Mechanic’s Lien Law Change

Sacramento, Calif.–In a move that might benefit multifamily property owners in California who hire outside contractors to do work on their properties, the state of California will change the way property owners are notified of mechanic’s liens.

MARKET SNAPSHOT: Seattle Rents Remain Stable

MARKET SNAPSHOT: Seattle Rents Remain Stable

Seattle–Since the beginning of this year, the Seattle rental market has seen marked improvement, according to Hendricks & Partners.

MHN Interview with Greg Rutten: Apartment Market Downturn Will Last Another 3-4 Years

MHN Interview with Greg Rutten: Apartment Market Downturn Will Last Another 3-4 Years

He talks to MHN about the trend of distressed deals and how QualityFirst Commercial helps developers through the process of foreclosure.

Google Establishes $86M Low-Income Housing Fund through U.S. Bank Subsidiary

Google Establishes $86M Low-Income Housing Fund through U.S. Bank Subsidiary

Mountain View, Calif.–Search engine giant Google has found a new vehicle for giving back to the community.

Web Feature: In Down Time, What Are MF Developers Doing?

Web Feature: In Down Time, What Are MF Developers Doing?

New York–Multifamily starts have hovered in the 100,000 to 142,000-range for all of this year, which isn’t saying anything positive about the multifamily sector.

DEAL OF THE DAY: Marcus & Millichap Helps Meet Borrowers’ Needs in $6.78M Refinances

DEAL OF THE DAY: Marcus & Millichap Helps Meet Borrowers’ Needs in $6.78M Refinances

Canoga Park, Calif. – Marcus & Millichap Capital Corporation (MMCC) has arranged $6,775,000 in loans to refinance two multifamily assets. The properties and loan amounts are: a 44-unit apartment complex in Canoga Park, Calif., for $3,000,000, and a 132-unit multifamily property in Hurst, Texas, for $3,775,000. Sharone Sabar, a director in the firm’s Encino office, arranged the loans.

Court Allows Receiver to Sell Abandoned Arizona Apartment Portfolio for $123M

Court Allows Receiver to Sell Abandoned Arizona Apartment Portfolio for $123M

San Diego–Maricopa County (Ariz.) Superior Court Judge Eileen S. Willett has ruled that San Diego-based Trigild can sell seven Arizona apartment properties that it currently holds in receivership.

DEAL OF THE DAY: George Smith Arranges Interest-Only Financing, Finds Buyer for Borrower

DEAL OF THE DAY: George Smith Arranges Interest-Only Financing, Finds Buyer for Borrower

Redlands, Calif.–George Smith Partners arranged $12.8 million in Freddie Mac financing and a $16.6 million sale for a 198-unit, Class B multifamily property in Redlands, Calif., announces David Rifkind and Steve Bram, principals and managing directors of George Smith Partners.

DEAL OF THE DAY: Arbor Locks in 5.95% for 10-Year Terms on Two Small Loans

DEAL OF THE DAY: Arbor Locks in 5.95% for 10-Year Terms on Two Small Loans

McKinleyville, Calif. –Arbor Commercial Funding LLC recently oversaw the funding of two loans under the Fannie Mae DUS Small Loan product line.

DEAL OF THE DAY: Colliers Participates in Sale of Multifamily Property in Calif. for $448,889/Unit

DEAL OF THE DAY: Colliers Participates in Sale of Multifamily Property in Calif. for $448,889/Unit

San Clemente, Calif.–Colliers International directed the sale of a three-building, nine-unit apartment complex located at 265 W. Marquita here. The transaction was valued at $4,040,000 or $448,889 per unit.

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