West
L5 Investments Buys Suburban Seattle Property for $15M
Montrose Apartment Community in Burien, Wash., includes 97 units, a fitness center, a pool and a playground.
WA Property Lands $11M Freddie Mac Refi
Completed in 2017, The Commons at Innovation Center is part of the Tri-Cities Research District in Richland and comprises 150 units.
Sares Regis Picks Up San Diego Asset
The company financed the acquisition of the 344-unit property with an $80 million loan, which will also be used to fully redevelop it.
Upscale Units Drive Rent Growth in San Jose
The metro’s affordability issues are likely to continue, since multifamily developers are focusing on high-end assets, which are more profitable than working-class units.
KeyBank Arranges $248M for LA Student Housing
G.H. Palmer Associates’ Lorenzo serves students attending the University of Southern California, Loyola Law School and the Fashion Institute of Design and Merchandising and is currently 95 percent leased.
Demand Eclipses Rising Supply in Orange County
Steady job gains and a high barrier to homeownership maintain a strong multifamily demand in the area, giving landlords the pricing power.
NorthMarq Capital Arranges $14M Refi for Phoenix Luxury Property
Union at Roosevelt, an 80-unit luxury community just north of the city’s downtown, was completed in 2017 and reached full occupancy in March.
LGBT-Affirming Senior Housing Community Opens in San Diego
Among the first of its kind in the nation, North Park Seniors includes 76 affordable apartments and 118 market-rate units, as well as shared amenities and on-site supportive services.
Marcus & Millichap Facilitates CA Townhomes Sale
The firm represented the seller and arranged a 10-year, $10.8 million acquisition loan on behalf of the buyer for the 52-unit community.
Hamilton Zanze Expands Denver Footprint
The 216-unit community, constructed in 1997, fetched a price tag of $50 million, nearly double the amount the seller paid five years before.