Cities
San Jose Prices Out Many Residents
The metro’s lack of housing affordability continues to hinder population growth, as Silicon Valley’s multifamily market commands some of the highest rents in the nation, while the area’s median home price is approaching the $1 million mark.
LA-Area Community Sells for $79M
The Korda Group acquired the 288-unit Trails at San Dimas from Stockbridge Capital Group and CNS Focused Investment.
Capital One Furnishes $178M Loan for SF-Area Property
Anton Menlo includes 394 units, 37 of which are affordable. Additionally, the community offers a pool, a rooftop lounge and yoga studios.
On the Market: 5 Interesting Listings for the Week of 8/20
This week’s listings include a recently completed community in a booming area of the Las Vegas metro and a Manhattan property that has not been on the market in more than 60 years.
Vitus Enters CO Market
In a collaboration with the Colorado Coalition of the Homeless, the affordable housing developer acquired Renaissance 88, a 180-unit property that the company plans to renovate.
HFF Arranges Construction Loan for Denver Senior Housing
Upon completion in 2019, the Class A community will offer 94 assisted-living and 32 memory-care units.
Capitol Seniors Housing Opens Luxury NJ Community
Arbor Terrace is a $25 million assisted living and memory care project in Mountainside, which Meyer Senior Living Studio designed.
Rent Growth Rebounds in San Francisco
The metro’s average multifamily rent went up 2.7 percent year-over-year through June, to $2,645, while housing affordability dropped to its lowest level since 2008.
Top 10 Multifamily Completions in Orange County
After hitting a cycle peak this year with more than 5,400 units coming online, supply in the area’s multifamily sector is expected to temper. Rental stock should gain some 2,400 units by year-end.
Sage Management Adds 687 Units in MD
The company paid $113 million for two properties in the D.C. and Baltimore metros. The communities will be owner-managed and will receive amenity improvements and various renovations.