West
Colorado Portfolio Sells for $207M
Inland Private Capital Corp. sold the three properties totaling 855 units on behalf of an IRS Section 1031 investment program, bringing liquidity to more than 240 investors.
Bentall Kennedy Buys $110M Denver Community
The company acquired the LEED Gold-certified, 338-unit asset on behalf of its U.S. core fund, as the city’s economic growth drives a robust multifamily market.
Affordable Housing Project Breaks Ground in Oregon
Developer BRIDGE Housing has started work on 61 apartments for low-income families in north and northeast Portland. The property will accept Section 8 vouchers.
San Francisco Luxury Tower Changes Ownership
Developed by Crescent Heights in 2016, Jasper is a LEED Silver certified high-rise property close to the city’s Financial District.
Los Angeles Community Gets $121M Financing
The 566-unit property is owned by GHP and is the third phase of Orsini, a 1,072-unit community built between 2003 and 2010.
Baron Properties Sells Phoenix Asset for $9M
The company had owned the 68-unit community in Christown since 2016, when it acquired it for almost half the current price.
California Mixed-Use Project Lands $32M Loan
Parkview Financial provided the construction financing for a three-building development in Poway, a northern suburb of San Diego.
Top Multifamily Completions in Las Vegas
As rent growth remains among the strongest in the nation, developers are warming up to the metro’s suburban areas, expanding rental product in the area.
Trammell Crow Residential Breaks Ground on CA Luxury Development
The $90 million Alexan Downtown Danville will feature 144 units and is the first new apartment property of scale approved for Danville, Calif., in decades.
San Jose Multifamily Report – Spring 2019
The market’s strong economy and highly skilled renter cohort continue to support substantial rent growth. The average rent stood at $2,872 as of March, roughly double the national figure.