West
Orange County Multifamily Report – Winter 2020
Although transactions nearly ground to a halt in anticipation of the new regulations, the area’s multifamily sector finished 2019 on a high note.
Mixed-Income Community Opens in San Francisco
The three-building asset in the Transbay neighborhood includes 548 units, with more than a quarter of them geared toward low-income residents.
Buchanan Funds $55M Construction Loan in SoCal
Serrano Development Group is building a 163-unit mixed-use residential and retail development in Azusa, Calif.
Cowles Co. Secures Financing for Washington Community
Originally developed in 1914, the 10-story building was repurposed for residential use in 2016.
Sparrow Partners Breaks Ground on Senior Living Project
The 193-unit development will be the first active adult community in Surprise, Ariz.
Bluerock Purchases Luxury Phoenix Community
The 254-unit upscale property last traded in 2017 for more than $40 million.
CBRE Arranges $46M Sale in Denver
The team of Dan Woodward, David Potarf, and Matt Barnett negotiated the deal on behalf of the seller.
Harbor Group Acquires Arizona Community for $66M
The new owner will invest $418,000 for improvements to the common areas and installing Nest thermostats at the Scottsdale property.
Central California Skilled Nursing Facility Receives HUD Refi
Cambridge Realty Capital provided the fully amortized, FHA-insured mortgage, which is set to mature in 35 years.
CDP Scores $94M in Financing for Portland Project
The 224-unit affordable housing development in Gresham, Ore., is scheduled for completion in 2021.