West
OC Community Commands $417K Per Unit
Avison Young represented the new owner, Cameron Properties, in the $9.2 million deal; the seller, Brandywine Properties, was represented by CBRE.
On the Market: 5 Interesting Listings for the Week of 2/26
This week’s listings include a former hotel in Kansas City and an asset located near Arizona State University in Tempe.
Greystar Expands Denver Holdings
The firm purchased Waterford Place, a garden-style community in Thorton, Colo., with plans to renovate the property’s units and common areas.
San Diego Community Lands $6.2M Refi
Situated in the heart of Little Italy, VIVO Little Italy is a seven-story property featuring a mix of studio, one- and two-bedroom floor plans.
Troon Pacific Names New Sustainable Design Development Coordinator
Having an arts background, Clark Rendall will be responsible for the sustainability and wellness goals for the company’s new projects.
IPA Arranges $50M Multifamily Portfolio Sale
Situated in the eastern San Francisco Bay area, the 268-unit communities were purchased by Jackson Square Properties.
Trammell Crow, HQ Capital to Develop Inland Empire Apartments
The 211-unit, transit-oriented Alexan Montclair was designed by Architecture Design Collaborative and construction is expected to start immediately.
WNC Earmarks $94M for CA Affordable Portfolio
A recently closed LIHTC fund is providing capital to acquire and renovate 972 units in Los Angeles, Sacramento and other California cities.
Oversupply Softens Rent Growth in Portland
A healthy job market and strong population gains continue to sustain multifamily demand across the metro, where more than 5,000 apartments are scheduled for delivery in 2018.
Marcus & Millichap Arranges Sale of 3 CO Assets
The properties in the transaction include Elm Grove and Shadow Tree—which the buyer plans to renovate—as well as Fitzsimons Place, all located in Aurora, Colo.