Business Specialties
Chinese Investor Seals SoCal Deal
Gemdale USA paid $46 million for an asset north of L.A. in the Santa Clarita Valley.
29th Street Capital Expands Sacramento Footprint
Located at 2081 West La Loma Drive, Sycamore Square Apartments is a 140-unit multifamily community which will be subject to a $1.2 million renovation program.
Phoenix Apartments Command $110M
Knightvest Capital acquired the asset for the second-highest price recorded for a multifamily property in Arizona.
Wood Partners Breaks Ground in Oakland
Scheduled to open in the fall of 2019, the 140-unit project will be located near the heart of the city’s business district.
JLL Closes Sale of Class B Community in The Alamo
The property is located near North Star Mall and Alamo Quarry and has a unit mix comprising studios and one-, two- and three-bedroom floorplans.
Upscale 469-Unit Community Debuts in NJ
Hartz Mountain Industries opened The Harper at Harmon Meadow. The three-building property is part of a 3.5 million-square-foot, mixed-use development in Secaucus.
Year-Over-Year Origination Volume
As indicated by the latest data available, origination volume was up 8 percent year over year in 2016, according to the Mortgage Bankers Association. Nearly 3,000 different lenders provided a total of $269.2 billion in new mortgages for apartment buildings with five or more units.
Allied Orion Tapped to Manage AR Community
The company plans to spearhead a significant project to completely rehabilitate the property, marking the first community-wide renovation since the 1960s completion.
C&W Arranges Sale of 11-Story AL Community
Multifamily Management Inc. sold the 147-unit property in Mobile, Ala. The pet-friendly asset features amenities like a 24-hour fitness center and movie theater.
Peak Campus Tapped to Manage NC Community
Located in Greenville, the 413-bed project broke ground last year and is scheduled for completion in August 2018.