Orange County
Berkadia Completes $76M Sale of Orange County Area Property
The company worked on behalf of A & M Properties in the acquisition of ReNew at the Shops, a garden-style apartment community situated in a tight multifamily market.
LRES Names Vice President, National Sales Manager
Peter Lutz has more than 20 years of executive experience. He previously served as president of Data Control Group and is also principal consultant of PTL Consulting.
California Expands Affordable Housing Finance Incentives
The new program aims to incentivize affordable housing development for residents with a mix of incomes.
Multifamily Orange County Report – Winter 2019
Demand for apartments is solid, sustained by steady employment and population gains. Bolstered by its highly educated workforce, the metro accounted for 24 percent of Southern California’s GDP in 2017.
California Sues Huntington Beach Over Lack of Affordable Housing
Gov. Gavin Newsom directed the state’s attorney general to file the first-of-its kind litigation against the city, claiming its non-compliance with state housing law is contributing to California’s housing crisis.
JV Secures $26M in Financing for CA Community
The new owners will upgrade apartment interiors, exteriors and communal areas at the 88-unit community located in Buena Park, Calif.
Bertram Partners Lands $72M Refi for CA Properties
The Freddie Mac loan—which was arranged by HFF—will be used to refinance the debt on three communities in Orange County.
Jamboree Breaks Ground on Affordable OC Project
Encompassing 75 units, Santa Ana Veterans Village will cater to homeless veterans and their families. The developer estimates the total development costs at $29.7 million.
NAI Capital Completes OC Ground Lease
The 99-year ground lease valued at $287 million includes three parcels located in Santa Ana, Calif. The tenants plan to develop more than 500 affordable housing units.
Sequoia Equities Secures $100M Refi in Orange County
The owner acquired the 484-unit luxury community in 2009; the new financing package retires $60 million in debt.