West
OC Development Opens Its Doors
Kam Sang Co. funded the 180-unit first phase of Brookhurst Place in Garden Grove, Calif., with a nearly $38 million construction loan.
WNC & Associates Hires New SVP
Ann Caruana will be in charge of the company’s preservation equity funds product line, while also finding, underwriting, negotiating, financing and closing deals.
Sacramento’s Rent Growth Slows, Job Market Still Shines
Sacramento’s multifamily market continues to gain investor interest, especially for its value-add opportunities, while development maintains its pace, according to a recent report from Yardi Matrix.
Oak Coast, BMC Investments Expand Denver Portfolio
The $78 million acquisition of St. Moritz Apartments is the sixth purchase the investment team has made together in the market.
HFF Lands $121M Financing for CA Development
Anton DevCo’s community, scheduled for completion in 2020, will include 266 units, 372 parking spots and 1,800 square feet of retail space.
On the Market: 5 Interesting Listings for the Week of 8/6
This week’s selection of listings includes a garden-style community in the Phoenix area, a recently renovated Seattle asset and more.
Kidder Mathews Brokers San Diego-Area 1031 Exchange
Multifamily investment brokers Jim Neil, Eric Comer and Merrick Matricardi represented the buyer in the transaction involving a 26-unit apartment building in Clairemont, Calif.
LA Development Receives $22M Financing
George Smith Partners secured the loan for the development of a 51-unit workforce community located in the Koreatown district.
JV Acquires Massive San Diego-Area TOD
TruAmerica Multifamily and Intercontinental Real Estate Corp. secured Alterra & Pravada at Grossmont Station, a 527-unit property in La Mesa.
Legacy Partners Completes Luxury CA Community
580 Anton in Costa Mesa has 250 units. The company first broke ground on the property in 2015.