San Francisco
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.
Trinity Properties Lands $300M Refi in San Francisco
PGIM Real Estate Finance provided the refinancing package on eight of the owner’s communities.
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.
Red Capital Group Expands Into San Francisco
The firm has tapped Patrick McAllister as its new director of multifamily originations, building up its presence in the Bay Area and Pacific Northwest.
On the Market: 5 Interesting Listings for the Week of 10/1
This week’s listings include a recently renovated community across the street from the University of Miami; an historic five-story building in downtown New Britain, Conn.; and a Spanish Colonial Revival-style property in West Hollywood, Calif.
Greystar Unveils San Francisco-Area Property
Huxley is located in downtown Redwood City and has been under construction since the fall of 2016. The community offers 137 luxury units.
Bellwether Enterprise Secures $21M for SF Affordable Housing Portfolio
The five properties, which include 370 units, received a Freddie Mac Freddie Mac Targeted Affordable Housing Preservation Loan that will go toward deferred maintenance to allow for safe affordable housing in high-cost markets for the long term.
R.D. Olson Construction Completes Affordable Project in CA
In addition to the 37-unit Citrine Apartments, the company also finished building Hotel Trio, a 122-key property that is located adjacent to the community.
HFF Supplies $114M for SF Properties
Mosser Capital’s portfolio includes 455 units and 13 ground-floor retail suites. The properties are located near mass transit and employment centers.
NorCal Senior Community Changes Hands
Gerson Bakar & Associates traded the 154-unit property for $29 million, with the buyer securing a nearly $30 million acquisition and development loan.