West
WA Community Changes Hands
Madison Residential purchased the 63-unit Class B asset for approximately $10 million, with Opus Bank providing more than $7 million in acquisition financing.
Silicon Valley Project Scores $41M Construction Loan
Lane Partners and Bay Development plan to break ground on the 75-unit luxury development in the second quarter of 2019.
Berkadia Arranges $37M Loan for WA Community
The company secured the loan through New Jersey-based PGIM Real Estate Finance on behalf of the borrower, Madison VK LLC.
RedHill Realty Purchases $72M WA Community
Berkadia arranged the sale on behalf of FPA MultiFamily in its disposition of MIRO at Dash Point, a 386-unit garden-style property in Federal Way.
NV Affordable Community Sells for $35M
A New York City-based firm acquired the 332-unit Southwest Village property from PacifiCap Properties. The asset last changed ownership in 2006.
The Calida Group Pays $100M for Las Vegas Community
The seller, Shopoff Realty, acquired the asset for $72.6 million in 2016 as a value-add investment.
LMC Breaks Ground on Seattle Mixed-Use Project
Ovation is a 548-unit luxury apartment community scheduled for completion in 2021. The development also features 6,000 square feet of ground-level retail.
Cushman & Wakefield Brokers Sale of Luxury AZ Asset
Executive Managing Directors David Fogler and Steven Nicoluzakis represented the seller of the 150-unit Class A community in downtown Tempe.
Freddie Mac, NEF Launch New LIHTC Fund
The fund’s first three investments in Houston and Los Angeles total more than $60 million and come several months after Freddie Mac re-entered the LIHTC market.
Berkadia Completes $76M Sale of Orange County Area Property
The company worked on behalf of A & M Properties in the acquisition of ReNew at the Shops, a garden-style apartment community situated in a tight multifamily market.