West
LA Community Gets $41M Loan
Panoptic Development’s 154-unit community is located in the Canoga Park section of the San Fernando Valley. NorthMarq Capital arranged the construction financing for the property.
OC Senior Living Facility to Undergo $30M Renovation
R.D. Olson Construction has begun work on the Atria Senior Living property in Newport Beach, Calif. Plans call for a new South wing and a fully renovated North building.
845-Unit Phoenix Portfolio Changes Hands
Greystar has purchased a trio of properties encompassing 845 units in Chandler and Gilbert, two of the metro’s fastest-growing submarkets.
Rental Demand Eclipses Supply in San Diego
Demand for apartments is rising in the city, where employment and population gains—along with a high barrier to homeownership—sustain rent growth.
Silicon Valley Community Sells for $17M
A Northern California-based development company sold the property to a private investor. The 32-unit community is situated in Palo Alto, Calif.
29SC Expands Denver Portfolio
The company acquired the asset for an undisclosed price and plans to invest more than $1.6 million for capital improvements.
In Case You Missed It: MHN’s Top 5 Posts in November
Miss any of our articles? Catch up with five of our most popular posts for the month.
Investcorp Acquires $311M Multifamily Portfolio
The properties, totaling 2,876 units, include three communities in Houston, two in Tampa, Fla., and one in Salt Lake City.
HFF Facilitates $54M Financing for North San Diego Development
The 305-unit garden-style community will be located in the heart of Vista, a growing infill community close to employment centers.
Peak Capital Acquires NM Asset
KeyBank provided the buyer of the 120-unit, Class B multifamily property with more than $11 million in Fannie Mae financing.