West
California Expands Affordable Housing Finance Incentives
The new program aims to incentivize affordable housing development for residents with a mix of incomes.
Suburban LA Community Changes Ownership
Universe Holdings has acquired a 15-unit property in Inglewood, Calif., their ninth in this Los Angeles submarket.
Albuquerque Hotel Set for Multifamily Conversion
The owner of the former Wyndham Albuquerque Hotel and Conference Center will complete the first phase of the 130-unit project by the end of the year.
Multifamily Orange County Report – Winter 2019
Demand for apartments is solid, sustained by steady employment and population gains. Bolstered by its highly educated workforce, the metro accounted for 24 percent of Southern California’s GDP in 2017.
Kairoi Residential Completes 277-Unit Community in Denver
Located in the River North neighborhood, Edison at Rino was the first structure in the city to be built with prefabrication techniques developed by Prescient.
NorCal Apartments Change Hands
Burbank Housing Development purchased the 56-unit Class C community for $15 million. Two lenders facilitated the transaction with acquisition and development financing.
Equity Residential Acquires $111M Denver Asset
The 18-story community is situated in Denver’s Golden Triangle neighborhood, offering convenient access to various dining, shopping and entertainment venues.
Multifamily Seattle Report – Winter 2019
Although long-term demographic and economic trends are still pushing up demand in the metro, accelerating deliveries have managed to dampen rent growth.
SoCal Luxury Community Breaks Ground
Modera San Diego, a 368-unit upscale multifamily property in the city’s East Village neighborhood, will welcome its first residents in spring 2021.
Phoenix Community Trades for $32M
The property, built in 1985, is located in Phoenix’s Metrocenter submarket and was 92 percent occupied as of December, according to Yardi Matrix.