West
Majestic Realty Enters Multifamily Market
The longtime developer’s first residential project is a 17-building, garden-style community in Southern California’s Inland Empire. Completion is scheduled for late 2019.
Watt, Presidio Break Ground in LA’s San Fernando Valley
Dubbed New Heights, the gated community in West Hills will comprise 43 homes. Vertical construction of the $25 million project is slated to begin in December 2018.
The Organic Development of Co-Living Communities
Common’s co-living spaces have been successfully operating for three years. Founder & CEO Brad Hargreaves discusses the lessons learned along the way, as well as the company’s future plans.
On the Market: 5 Interesting Listings for the Week of 9/7
This week’s list includes one of the few lakefront properties available in Chicago; a high-end asset in Santa Barbara, Calif.; and more.
Capital One Provides $50M for SoCal Refi
Allmark Properties’ portfolio includes six properties totaling 538 units in Rancho Cucamonga. The communities are operated as a single entity through a shared facilities agreement.
HFF Completes $18M Sale of Metro Seattle Community
Watt Cos. acquired The James, a 144-unit community in Lakewood, Wash. The garden-style property offers a mix of studio, one-, two- and three-bedroom units across 14 buildings.
NorCal Senior Community Changes Hands
Gerson Bakar & Associates traded the 154-unit property for $29 million, with the buyer securing a nearly $30 million acquisition and development loan.
CBRE Facilitates Sale of Denver Communities
Dan Woodward, David Potarf, Matthew Barnett and Jake Young represented the seller and owner of both properties, The Croft and The Oslo.
Trinity Refinances 7 San Francisco Assets
The new loan of more than $200 million retires existing debt from the same lender on the 736-unit Class B portfolio.
TruAmerica, ASB Real Estate Investments Acquire $86M CA Community
The companies purchased Corte Bella Apartments in Fountain Valley from Shea Apartments. The property includes 251 units and is currently 97 percent leased.