San Francisco
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.
Trinity Refinances 7 San Francisco Assets
The new loan of more than $200 million retires existing debt from the same lender on the 736-unit Class B portfolio.
Capital One Furnishes $178M Loan for SF-Area Property
Anton Menlo includes 394 units, 37 of which are affordable. Additionally, the community offers a pool, a rooftop lounge and yoga studios.
Rent Growth Rebounds in San Francisco
The metro’s average multifamily rent went up 2.7 percent year-over-year through June, to $2,645, while housing affordability dropped to its lowest level since 2008.
On the Market: 5 Interesting Listings for the Week of 7/30
This week’s selection includes a vintage community in Newport News, Va.; a new luxury development in Brooklyn; and more.
Related Breaks Ground on SF Property
The 299-unit project, known as 1601 Mariposa, will include 60 affordable apartments and more than 9,400 square feet of street-level retail.
East Bay Community Secures $13M Refi
Walker & Dunlop arranged the loan to retire the previous 10-year, $8.7 million Fannie Mae mortgage for Regency Plaza in Martinez.
SF Affordable Property Lands Refi
The new loan, provided by JPMorgan Chase, pays down $11.3 million in construction financing provided by the city in 2001.