West
MWest Holdings Expands SoCal Footprint
The company has added to its portfolio Sunset Gardens, a value-add townhome community located in Canoga Park, Calif. The property will be rebranded as NoVa Townhomes.
Multifamily REITs to Flourish in Major Metros: Morningstar
According to the company’s latest report, market conditions in the New York City, Boston, Los Angeles, San Francisco and Washington, D.C., metros could have a significant impact on four of the largest REITs over the next two years.
Security Properties Nabs $59M Phoenix Community
The company plans to upgrade Pavilions on Central, which includes 254 units and a spa, a fitness center and 400 parking spots.
Transwestern Brokers Sale of LA Luxury Asset
The property is located in Culver City, Calif., near Playa Vista’s entertainment and tech hubs. The brokerage company represented the buyer, a private investor, in the off-market transaction.
Investors Obtain $35M for AZ Acquisition
Western Wealth Capital secured the 360-unit Autumn Creek Apartments in Chandler. The property is currently 95 percent occupied.
Pathfinder Partners, Lanshire Complete CA Townhomes
Bahia Vista II in Chula Vista offers 16 townhomes and a tot lot, a paved trail and private patios. The community is scheduled for completion by August 2018.
Canadian Investor Buys $46M Phoenix-Area Asset
The 360-unit community in Chandler last traded more than a decade ago, when PEM Real Estate acquired it as part of a portfolio deal.
Madison Residential Sells Seattle-Area Property
Berkadia has brokered the sale of the 105-unit apartment community located in Federal Way, Wash. The company represented the seller in the deal.
Mill Creek Starts Work on Denver Apartments
Modera West Wash Park, a 241-unit community in the Washington Park neighborhood, will include a dog wash, bike storage and reserved parking.
Universe Holdings, Hanover Financial Buy $100M CA Community
The companies purchased Capes at Ventura, a 400-unit asset in Ventura, and plan on investing $6.5 million in upgrades.