West
Phoenix Luxury Condo Tower Approaches Full Occupancy
Optima Kierland will welcome its first residents in 2018. The upscale community is situated at the intersection of Scottsdale Road and Kierland Boulevard. Home prices start from $300,000.
Denver-Area Community Nets $11M Loan
Constructed in 1968 and renovated in 2016, the property is centrally located in Boulder, near the University of Colorado campus and other large employers.
MG Properties Acquires $58M Vegas Community
The company purchased the 432-unit Bristol at Sunset from Kennedy Wilson. CBRE arranged a $39.4 million acquisition loan through Fannie Mae on behalf of MG Properties Group.
CA Treasurer, Governor Hopeful Doubles Down on Housing Affordability
California State Treasurer John Chiang is a man with a mission, and that mission is affordable housing. He offers details in a candid interview with MHN.
Denver Luxury Asset Trades for $142M
Completed in 2015, the 12-story community is situated across the street from Cherry Creek Shopping Mall. BMC Investments sold the asset for roughly $650,000 per unit.
Terra Closes $23M Preferred Equity for Seattle Property
Bristol I is situated within the waterfront community of Southport, a new mixed-use village with 188 units and 730,000 square feet of Class A office space.
Burbank Gets First Industrial Area TOD
Newman Garrison + Partners will design the high-profile project in Burbank, Calif. The apartment community targeted towards Millennials will feature market-rate and affordable units.
Hunt Mortgage Adds New SVP
Suzanne Cope, who previously worked at the company when it was called Centerline Capital Group, will be responsible for originating and closing affordable and FHA multifamily loans nationwide.
CDP Opens Affordable Senior Community in SF Bay Area
The Huntington is a 114-unit property in Morgan Hill, restricted to residents earning 50 to 60 percent of the area median income. KTGY Architecture + Planning designed the project.
Lowe Begins Construction on Newest WA Development
The 286-unit Talisman in Redmond, Wash. is set to anchor the Redmond Town Center’s mixed-use development. The property will also include 9,400 square feet of ground floor specialty retail shops.