West
LA Luxury Community Receives $153M Financing
Walker & Dunlop structured the construction financing for the development of a 364-unit property located in Koreatown, just off Wilshire Boulevard and approximately 4 miles from downtown Los Angeles.
Hines to Develop Luxury Community in Phoenix
The company’s first multifamily project in the city will target professionals working in the downtown area and looking for a high-end lifestyle in a core location.
2 Affordable WA Assets Land Acquisition Loans
Hunt Real Estate Capital has secured $5.5 million in funding for Colvos Terrace and Street Fawcett, two communities in Tacoma totaling 87 units.
CIM Group Breaks Ground on Final Phase of LA Mixed-Use
Upon completion, the project will offer a total of 338 units—32 of which will be designated as affordable—and 58,300 square feet of retail space.
Suburban San Francisco Community Refinances
Ravello Holdings completed work on the 128-unit luxury property in June. The new, $42 million financing package retires a nearly $30 million construction loan.
FPA Grabs Age-Restricted Inland Empire Community
Positive Investments, which picked up the 177-unit Class C property in 2016 for $11.9 million, traded the asset for more than $14 million.
Portland-Area Apartments Command $84M
The Class B garden-style community was purchased by Security Properties, marking the company’s ninth acquisition in the Portland MSA.
CBRE Brokers $56M Denver Portfolio Sale
Laramar Group purchased The Rise, The Edge and The Vue in Cherry Creek. David Potarf, Dan Woodward and Matthew Barnett represented the seller, Granite Peak Properties.
Rent Control: Back in the Spotlight
With California’s Prop 10 on the ballot this November, industry leaders worry that restrictive new measures could spring up around the country. Meanwhile, cautious investors are realigning portfolios and rethinking strategies.
HFF Lands $27M Refi for LA Student Housing Portfolio
The portfolio comprises 19 communities totaling more than 81,000 square feet near the University of Southern California.