News - West

  • IPA Arranges $39M Refi for Playa Del Rey Apartments

    The borrower, a repeat client of IPA, received the loan structured with a full 10-year term, interest-only, at a rate of 3.8 percent.

    17 October 2017 13:51
  • Top 10 Phoenix Apartment Owners

    The area's population and employment growth have strengthened demand, but supply is keeping up as it remains at an apartment occupancy high. The market’s robust performance also spurred new waves of investment across the metro.

    17 October 2017 10:07
  • Yesler Terrace—Soon to Be Seattle’s Densest Neighborhood

    Yesler Terrace is a 30-acre development that Seattle Housing Authority (SHA) built in the 1940s as the city's inaugural subsidized housing community. Stephanie Van Dyke, director of development at SHA, spoke with MHN about the site's future as a mixed-use global neighborhood.

    16 October 2017 15:47
  • KTGY-Designed Fremont Senior Community Breaks Ground

    A partnership between Eden Housing and the City of Fremont is developing the property on the corner of Warren Avenue and Mission Falls Court. The community will feature 90 one- and two-bedroom units.

    16 October 2017 13:28
  • Affordable Bay Area Project Breaks Ground

    KTGY Architecture + Planning and EAH Housing have begun the construction of Estrella Vista, a $64 million, 86-unit, mixed-use development in Emeryville, Calif.

    16 October 2017 12:57
  • Phoenix Luxury Condo Tower Approaches Full Occupancy

    Optima Kierland will welcome its first residents in 2018. The upscale community is situated at the intersection of Scottsdale Road and Kierland Boulevard. Home prices start from $300,000.

    16 October 2017 09:34
  • Denver-Area Community Nets $11M Loan

    Constructed in 1968 and renovated in 2016, the property is centrally located in Boulder, near the University of Colorado campus and other large employers.

    16 October 2017 07:31
  • MG Properties Acquires $58M Vegas Community

    The company purchased the 432-unit Bristol at Sunset from Kennedy Wilson. CBRE arranged a $39.4 million acquisition loan through Fannie Mae on behalf of MG Properties Group.

    13 October 2017 14:25
  • CA Treasurer, Governor Hopeful Doubles Down on Housing Affordability

    California State Treasurer John Chiang is a man with a mission, and that mission is affordable housing. He offers details in a candid interview with MHN.

    12 October 2017 19:07
  • Denver Luxury Asset Trades for $142M

    Completed in 2015, the 12-story community is situated across the street from Cherry Creek Shopping Mall. BMC Investments sold the asset for roughly $650,000 per unit.

    12 October 2017 12:18
  • Terra Closes $23M Preferred Equity for Seattle Property

    Bristol I is situated within the waterfront community of Southport, a new mixed-use village with 188 units and 730,000 square feet of Class A office space.

    11 October 2017 15:16
  • Burbank Gets First Industrial Area TOD

    Newman Garrison + Partners will design the high-profile project in Burbank, Calif. The apartment community targeted towards Millennials will feature market-rate and affordable units.

    11 October 2017 11:47
  • Hunt Mortgage Adds New SVP

    Suzanne Cope, who previously worked at the company when it was called Centerline Capital Group, will be responsible for originating and closing affordable and FHA multifamily loans nationwide.

    11 October 2017 09:46
  • CDP Opens Affordable Senior Community in SF Bay Area

    The Huntington is a 114-unit property in Morgan Hill, restricted to residents earning 50 to 60 percent of the area median income. KTGY Architecture + Planning designed the project.

    10 October 2017 16:02
  • Lowe Begins Construction on Newest WA Development

    The 286-unit Talisman in Redmond, Wash. is set to anchor the Redmond Town Center’s mixed-use development. The property will also include 9,400 square feet of ground floor specialty retail shops.

    10 October 2017 15:58