West
Value-Add University District Portfolio Commands $20M
The two student housing buildings are located on high-rise-zoned land, which is hard to find in Seattle.
Investors Boost Deal Flow in Los Angeles
The strong fundamentals of the metro’s multifamily market are attracting many buyers, pushing the year’s sales volume to $2.9 billion through July.
$500M LA Luxury Project Reaches Completion
The 2 million-square-foot development in downtown Los Angeles encompasses two 35-story towers and includes 48,000 square feet of ground-floor retail.
211-Unit Affordable Community Opens in Utah
Wasatch Premier Communities wrapped up construction on Arcadia Apartment Homes in Sandy. The Utah Housing Coalition provided part of the financing needed to complete the project.
Luxury Community Opens Doors in Salt Lake City
Wright Development Group’s 213-unit property broke ground near the end of 2016, with Washington Federal providing more than $30 million in construction financing.
Local Developer Adds 70 Units to Seattle Affordable Housing Supply
Lake City’s former Fire Station 39 site has been revitalized as an apartment building dedicated to low-income individuals and families. Rents range from $526 to $1,353.
Community for Homeless Proposed in Albuquerque
A local business alliance plans to construct a campus-style property west of the city with space for approximately 170 people.
Albuquerque Housing for Homeless Opens Doors
The developer broke ground on the new 52-unit building at the city’s largest shelter for homeless people, Joy Junction, in May 2017.
NM Development Lands Tax Relief
The Albuquerque City Council approved the metropolitan redevelopment bond to support construction of the 226-unit Broadstone Northpoint Apartments, which broke ground in early 2017.
Titan Development Proposes ABQ Community
The company’s plans call for the addition of 102 market-rate apartments, adding to the Midtown/University submarket’s existing supply of 3,700 units.