West
CO Senior Housing Properties Receive $52M Refi
Walker & Dunlop secured the financing through Fannie Mae on behalf of the owner, a partnership between MorningStar Senior Living and a Middle East-based alternative investment fund manager.
Western National, Banner Oak Capital Launch Multifamily JV
The new partners plan to invest in multifamily projects throughout California’s major markets through acquisition and ground-up development projects.
IPA Brokers $30M Phoenix-Area Transaction
Senior Managing Directors Cliff David and Steve Gebing worked on behalf of both parties involved in the sale of a 265-unit community in Mesa.
Blackstone Buys $159M Las Vegas Portfolio
The deal, one of the metro’s largest this year, included two newly completed Class A communities comprising nearly 700 units.
Palo Alto Housing Breaks Ground on $42M Project
As the Bay Area residential crisis rolls on, the developer will bring 67 much-needed affordable housing units to Redwood City.
Phoenix Realty Group Expands in Colorado
The multifamily investor has ventured north of the Denver area to purchase a 16-building community in the rapidly growing city of Fort Collins.
Pinnacle Brokers Southwest Denver Transaction
Joe Hornstein and Scott Fetter of the Hornstein Fetter apartment group worked on behalf of the sellers, with Jim Knowlton of the Knowlton Lawson team representing the buyers.
Greysteel Appoints New Director to LA Office
Everett Wong will serve the company’s clients throughout Southern California and will oversee institutional, middle market and private client multifamily transactions.
Affordable San Diego Project Breaks Ground
Affirmed Housing has begun work on The Link, a 50,000-square-foot development dedicated to formerly homeless residents. Bank of America provided roughly $48 million for the project.
29th Street Capital Names New SVP
The company has added Kevin Smith to lead its multifamily development activity. He brings 25 years of experience to his new position.