West
Las Vegas Asset Changes Hands
Berkadia arranged the sale of Emerald Park Apartment Homes, a 300-unit community. The buyer paid $95 per square foot, equating to a 5.5 percent cap rate.
HFF Arranges $20M Seattle Sale
PCCP and Westbridge Properties have sold the 1990-built Arterra Townhomes, an 81-unit community in Kent, Wash.
PB Bell Begins Construction on AZ Senior Housing
In partnership with Cadence Senior Living, the company is developing Inspira Arrowhead, a 165-unit senior housing community in Glendale, Ariz., that will feature both independent living and memory care apartments.
San Jose Luxury Development Lands $201M
HFF worked on behalf of Greystar to secure the construction loan through Otéra Capital. The Reserve is expected to be completed in 2020.
HFF Lends a Hand in Denver Community Sale
The company marketed the sale of the 291-unit Greenwood Park located within Denver’s Tech Center. Holland Partner Group and Principal Real Estate Investors were the buyers.
IPA Arranges $39M Refi for Playa Del Rey Apartments
The borrower, a repeat client of IPA, received the loan structured with a full 10-year term, interest-only, at a rate of 3.8 percent.
Top 10 Phoenix Apartment Owners
The area’s population and employment growth have strengthened demand, while supply has maintained the apartment market at high occupancy levels. The market’s robust performance also spurred new waves of investment across the metro.
Yesler Terrace—Soon to Be Seattle’s Densest Neighborhood
Yesler Terrace is a 30-acre development that Seattle Housing Authority (SHA) built in the 1940s as the city’s inaugural subsidized housing community. Stephanie Van Dyke, director of development at SHA, spoke with MHN about the site’s future as a mixed-use global neighborhood.
KTGY-Designed Fremont Senior Community Breaks Ground
A partnership between Eden Housing and the City of Fremont is developing the property on the corner of Warren Avenue and Mission Falls Court. The community will feature 90 one- and two-bedroom units.
Affordable Bay Area Project Breaks Ground
KTGY Architecture + Planning and EAH Housing have begun the construction of Estrella Vista, a $64 million, 86-unit, mixed-use development in Emeryville, Calif.