West
High-End Asset Breaks Ground in LA
Urban Architecture Lab began work on Variel Apartments, a 277-unit luxury property in Canoga Park’s Warner Center. The project will be completed in the fall of 2019.
HFF Arranges Financing for Denver Property
Located in Colorado Springs, Peak 4420 received a 10-year, fixed-rate loan. The 209-unit community had an occupancy rate of 99.5 percent as of August.
Denver Workforce Housing Commands $53M
Oak Coast Properties acquired the majority interest in the 384-unit Villas on 76th, increasing its hold in the area to 3,000 units.
Southern Land Opens First Denver Community
The 302-unit luxury property is located a few miles northwest of downtown Denver, in close proximity to the Denver International Airport. Centric LoHi also offers approximately 9,300 square feet of retail space.
Avesta Communities Enters CO Market
The company plans to implement a renovation plan that includes improvements made to the common amenities and to the unit interiors.
HFO Investment Secures $58M OR Sale
Built in 2007, the community offers one-, two- and three-bedroom units. Latitude is in close proximity to various retail, dining and entertainment venues.
New Affordable Housing Coming to San Diego
Affirmed Housing began construction of a 79-unit community in Pacific Highlands Ranch. Dubbed Luna, the property will rent to those who earn between 50 and 60 percent of the area’s median income.
JLL Hires New SoCal SVP
Dana Brody, JLL’s new senior vice president, has nearly 15 years of experience in the industry. She will focus on multifamily sales and development opportunities throughout Los Angeles.
CRA, GTIS Acquire Denver Property
HFF’s Denver team represented the seller in the sale of the 256-unit asset. The garden-style property is situated in the heart of a retail corridor.
Bascom Expands CA Footprint With $17M Buy
Casanova Grove is a 76-unit community located in Monterey.