West
San Jose Multifamily Report – Fall 2019
San Jose’s thriving tech sector is keeping Silicon Valley in the ranks of the country’s fastest-growing regions.
Denver Community Scores $69M Recapitalization
The recapitalization will be used to fund existing bridge financing and restructure the capital stack of Loft 9 Apartments.
Seattle Senior Project Targets a Green First
Scheduled for completion in spring 2021, Aegis Living Lake Union will be the first assisted living community to achieve an elite international green status certification.
Vacant Office Property Sells in Orange County
The 65,000-square-foot property in Orange, Calif., will be transformed into a senior housing facility. NAI Capital represented both seller and buyer in the deal.
CBRE Closes Value-Add Sale in Denver
First Vice President Robert Bratley represented the seller in the $6.1 million deal.
Sacramento Community Commands $16M
The 130-unit Regency Apartments traded to a Bay Area-based private investor. The acquisition was financed with nearly $13 million.
San Jose Community Lands $330M Loan
Z&L Properties Inc. is developing a two-tower, 640-unit luxury condo project in the downtown area.
Crescent Communities Sells Tempe Property
NXT Capital provided $49.9 million in financing for the acquisition of Novel Rio.
Orange County Community Lands $28M Refi
Built in 1968, the 165-unit residential property Vio Tustin is located in Tustin, Calif.
Grandbridge Closes $567M Portfolio Refinancing
The 11 multifamily assets—owned by Olen Properties Corp. and located in Florida, Georgia and Nevada—were recapitalized using GSE green financing loans.