West
Tucson Community Gets $19M Refi
Berkadia Managing Director Ed Kim arranged the 10-year loan—which includes five years of interest-only payments at a 75 percent loan-to-value ratio—for the garden-style property.
Hunt Mortgage Closes $37M Denver Construction Loan
Located at the corner of West 38th Avenue and Upham Street, West End 38 is slated to include 165 units and roughly 7,200 square feet of retail space.
San Diego Mixed-Use Tower Tops Out
The Richman Group of California Development Co. and Level 10 Construction have topped out K1, which includes 220 units and 7,000 square feet of commercial space.
Changing the Perception of Affordable Housing
Affordable housing goes beyond the concept of Section 8 housing and government assistance. Industry experts at the National Apartment Association’s Apartmentalize conference shared the benefits that this asset class can bring to a neighborhood.
Orange County Community Sells for $28M
Marcus & Millichap has arranged the sale on behalf of Stellko Properties, a 1031 exchange buyer. The acquisition was financed with $14.7 million.
Supply vs. Demand: Multifamily’s Tug of War
At the National Apartment Association’s Apartmentalize conference in San Diego, experts shed light on generational changes, rent control and other crucial issues facing the industry.
Akara Partners Buys Land for Downtown Phoenix Tower
The project, Kenect Phoenix, is set to comprise 320 units across 23 stories, and feature multiple rooftop amenities, as well as 8,000 square feet of ground-floor retail.
Nexus Brokers 1031 Exchange Denver-Area Sale
Investment Advisor Sean Holamon represented seller Harmony Premier Properties in the disposition of the eight-unit asset. The new owner is planning upgrades in order to increase rent.
$39M Affordable Housing Breaks Ground in LA
Meta Housing Corp. has started construction on Whittier & Downey. The transit-oriented community will feature 35 units.
Canfield Development Builds $22M LA Apartments
The Kenmore, a 69-unit development in Koreatown, will be designed by Nadel Architects and include VIP cabanas, a spa and a package-delivery system.