Regions
Affirmed Begins Work on San Diego Veterans Community
The project will transform a motel into an 84-unit community to be known as Zephyr. Funding is coming from several government sources, including the California Department of Housing and Community Development.
SoCal Investor Snaps Up Bay-Area Apartments for $53M
JRK Property Holdings has acquired Diamond Hillside, a 242-unit, garden-style apartment community in Pittsburg, Calif. The seller was a joint venture of McDowell Properties and Harbert Management Corp.
Western National Group Breaks Ground on San Jose TOD
The Platform, located near a planned BART rapid transit station, will feature 551 units and approximately 37,500 square feet of retail space.
Pittsburgh Reveals Its Strength
The region’s universities continue to provide a skilled workforce for the technology, robotics, education, health-care and financial sectors, pushing the city’s economy forward and sustaining multifamily demand.
NCC Acquires Newark Section 8 Housing for $160M
NCC and Greystone Affordable Development have facilitated the acquisition of four New Jersey properties totaling 842 units. The deal includes funding for the rehabilitation and the long-term preservation of the properties as subsidized rental housing.
Jobs, Population Growth Sustain Demand in San Jose
A competitive economy is keeping the metro’s unemployment rate down. With Silicon Valley continuing to expand, demand for rentals is likely to remain healthy, albeit less frothy.
$95M San Fran Mixed-Use Development Gets Green Light
The project, designed by KTGY Architecture + Planning and developed by Trammell Crow Residential, will feature 127 apartments and more than 9,300 square feet of retail and creative workspace.
Colliers Secures Financing for Boston-Area Apartments
The Pioneer will be a 286-unit luxury apartment community, located in Everett, Mass. The six-story building will provide on-site retail and leisure amenities.
IN Student Community Receives $14M Refi
The refinancing includes a cash-out component and also benefits from Fannie Mae’s Green Rewards program. The community is fewer than two miles from Indiana University.
Capital One Provides $25M for Albuquerque Property
Albuquerque Meadows is a 430-unit, age-restricted manufactured housing community that includes a clubhouse, pool, and arts and crafts center.