West
Tech Scene Continues to Thrive in Seattle
Fueled by the continued expansion of the technology sector and population growth, the city’s multifamily market remains healthy.
ARA Newmark Closes Sale of $100M Denver Community
Vice Chairmen Terrance Hunt, Shane Ozment, Jeff Hawks and Doug Andrews, and Executive Managing Director Chris Cowan represented Columbus, Ohio-based developer Edwards Cos.
LMC Constructs Denver Tech Center Apartments
Malbec at Vallagio, which will be completed in 2018, includes digital package lockers and an EV charging center.
Boulder Apartments Command $19M
The Bascom Group has acquired Boulder View Apartments, a 68-unit Class A community. The property’s amenity deck consists of two fire pits, an outdoor kitchen, a heated Jacuzzi and a dog run.
Vegas Assets Trade for $115M
LivCor purchased Broadstone Flamingo West and Broadstone Talavera, which comprise a total of 674 units and are located in the eastern part of the metropolitan area.
Matthews Arranges Sale of CA Community
The company represented the seller in the $7.8 million sale. The two-story community is approximately 20 miles from the Los Angeles International Airport.
MG Properties Acquires 2 WA Assets for $133M
The company purchased Beaumont in Woodinville from Guardian Life Insurance Co. and Newberry Square in Lynwood from Fairfield Residential. Totaling 467 units, both communities will undergo interior and exterior renovations.
Interest Stays High in LA
Rent growth continues to derive from a disconnect between growing supply in the Lifestyle segment and demand for workforce properties.
Pinnacle Taps New VP to Run Northern CA Region
Mark DeGraff will provide support to four regional property managers with a combined portfolio of more than 5,000 apartments located throughout Sacramento, the San Francisco peninsula and the East and South Bay.
Affordable Housing Opens in Alaska
Funded by low-income housing tax credits from WNC, the 23-unit property in Anchorage was constructed on the site of a former restaurant.