West
Bay Area Asset Changes Ownership
New Standard Equities paid $60 million for the 170-unit garden-style community located in Fremont, Calif.
Tucson-Area Community Scores $23M Refi
Greystone provided the Fannie Mae DUS loan for the 240-unit multifamily property located in Oro Valley, Ariz.
Barings Sells Portland Community for $116M
Griffis Residential acquired the 294-unit, LEED Gold-certified property in the city’s South Waterfront neighborhood.
Seattle-Area Community Trades for $96M
The five-story property is located close to various major employers including Google, Amazon, Microsoft and Facebook.
Upzoning: Building More to Rent for Less
A few U.S. cities are overhauling zoning rules to increase density and expand the supply of affordable housing. It might take years, however, to find out if significant improvements were made.
Security Properties Buys $28M Tempe Property
The company purchased The Rev Apartments, marking its eighth acquisition in the Phoenix area.
Las Vegas Rental Property Changes Hands
Element Property Co. acquired the 324-unit Alpine Village community for $36 million in a deal arranged by Berkadia.
“Middle Earth” Student Housing Property Completes $98M Expansion
Named in honor of J.R.R. Tolkien’s book series Lord of the Rings, the Irvine, Calif., property has a focus on sustainability.
Berkadia Brokers Sale of 2 Puget Sound Communities
Senior Managing Director Kenny Dudunakis, along with Senior Directors David Sorensen and Ben Johnson, represented the sellers in each transaction.
Utah Development Receives $36M in Financing
JLL arranged the construction loan for a 214-unit community in American Fork, Utah.