West
TruAmerica Sells Las Vegas Community for $72M
Solis at Flamingo comprises 524 units across 34 buildings. The asset recently underwent major renovations and at the time of the transaction was 94.1 percent occupied.
Demand, Deliveries Maintain Rent Growth in the Inland Empire
Bolstered by population gains, multifamily demand continues to be strong for both Lifestyle and Renter-by-Necessity assets across the metro, where rents are expected to rise by 4.4 percent in 2018.
Pathfinder Snags 125-Unit Seattle-Area Community
The company purchased Astoria Apartments—located in the Fife submarket—for $18 million and is planning extensive renovations of the 36-year-old asset.
LA Senior Housing Breaks Ground
Related Cos. and Community Development Corp.’s The Curve @ West Angeles will have 70 units, including 29 for very-low-income residents.
Demand Keeps Up With Supply in Phoenix
Healthy employment and demographic trends are boosting multifamily demand in the Valley of the Sun, where rent growth is expected to reach 5.0 percent this year.
CA Property Sells for $16M
Avison Young has arranged the sale of the 28-unit property located in Culver City, approximately 10 miles from downtown Los Angeles.
StreetLights Residential Breaks Ground in AZ
The company assumed a $47.9 million loan to develop The Cameron, a 349-unit luxury community in Tempe.
Dougherty Closes Acquisition Loan for Minneapolis Asset
The company worked on behalf of the borrower to secure the 35-year term HID 223(f) acquisition and rehabilitation loan. The borrower will invest $34,000 per unit in upgrades.
JV’s San Diego-Area Townhouses Near Completion
Pathfinder Partners and D.K. Realty Holdings are developing Paseo Village Townhomes in Ramona. The community will include 31 units across nine buildings.
In Case You Missed It: MHN’s Top 5 Posts in June
Miss out on any of our articles? Catch up with five of our most popular posts for the month.