Multifamily news in San Francisco
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San Francisco-Area Project Gets $104M in Financing
A joint venture of Prometheus and Legacy Partners secured construction financing for Trestle Apartments, a mixed-use development under construction in San Carlos, Calif.
08 February 2019 09:20 -
California Expands Affordable Housing Finance Incentives
The new program aims to incentivize affordable housing development for residents with a mix of incomes.
07 February 2019 15:22 -
NorCal Apartments Change Hands
Burbank Housing Development purchased the 56-unit Class C community for $15 million. Two lenders facilitated the transaction with acquisition and development financing.
06 February 2019 08:12 -
$500M Fund Targets Bay Area Affordable Housing Shortage
A consortium of leading Bay Area philanthropy, business and community advocates—including the organization co-founded by Facebook's CEO—is launching one of the largest housing investment funds in the U.S.
28 January 2019 10:12 -
Matrix Multifamily San Francisco Report – Winter 2019
A lull in the metro's multifamily construction activity has boosted rents 3.9 percent year-over-year through October to $2,662, nearly double the national figure.
21 January 2019 14:04 -
Fairfield Residential Trades NorCal Apartments
The company sold the 168-unit Class B community for more than $47 million three years after acquiring the asset from Interstate Equities Corp.
16 January 2019 06:53 -
Waterton Buys San Francisco-Area Community
The seller, Kennedy Wilson, earned nearly $65 million for the 260-unit multifamily asset, more than double the acquisition price in 2006.
21 December 2018 12:20 -
JV Breaks Ground on SF Student Housing Project
In addition to the new student community—a public-private partnership of SF State and the developers—the university will open a four-story academic building totaling 76,000 square feet.
10 December 2018 15:50 -
HFF Arranges $41M San Francisco-Area Portfolio Sale
The properties include Atherton, Brewster Ames, Tivoli Gardens and Lancaster Arms, totaling 201 units. At the time of the sale, the communities averaged a 97 percent occupancy.
07 December 2018 15:57 -
Wildfires’ Impact on California Housing
With two destructive and deadly fires still burning in the state, the local real estate industry faces major changes.
14 November 2018 16:30 -
LMC Tops Out First Oakland Apartment Community
The 34-story mixed-use development, known as 17th and Broadway, has 254 luxury units loaded with smart home features and various amenities.
12 November 2018 17:47 -
San Francisco Portfolio Sells for $260M
Hunton Andrews Kurth represented the seller, Nahla Capital, in its disposition of 30 assets totaling 400 units.
09 November 2018 17:03 -
Suburban San Francisco Community Refinances
Ravello Holdings completed work on the 128-unit luxury property in June. The new, $42 million financing package retires a nearly $30 million construction loan.
02 November 2018 13:30 -
Trinity Properties Lands $300M Refi in San Francisco
PGIM Real Estate Finance provided the refinancing package on eight of the owner’s communities.
26 October 2018 14:22 -
Related, Atria to Target $3B in Senior Housing Pipeline
The two companies are planning luxury high-rise properties in major U.S. markets, starting with New York City and San Francisco.
18 October 2018 15:58