West
M West Holdings Snaps Up Asset in Old Bank District
Kennedy Wilson arranged the $37 million deal, with financing provided by Mesa West Capital.
New Apartment Tower Opens in Downtown Long Beach
AndersonPacific, Ledcor Properties and Qualico Developments built the neighborhood’s first new multifamily high-rise since the recession.
Partners Acquire Phoenix-Area Apartments, Want More
Continental Realty Advisors and Capital Real Estate have added a 368-unit property to their portfolio.
Praedium Snags Multifamily Community Near LA
Miro Apartments, the only apartment community to be built in Santa Fe Springs in over 40 years, was purchased for more than $47 million.
TruAmerica Expands Bay Area Holdings
The company bought the 136-unit property from Holliday Development in an off-market transaction.
Resource Real Estate Expands Portland Portfolio
The REIT has acquired an Oregon multifamily community, with plans to give the building its first-ever renovation.
Largest LA Multifamily Project Breaks Ground
Next On Lex is a Killefer Flammang Architects-designed $280 million mixed-use transit-oriented development in Glendale, Calif.
New Standard Equities Acquires Seattle-Area Property
The 284-unit community was acquired from Fowler Property Acquisitions.
Yardi Matrix: Denver’s Growth Conundrum
An influx of Millennials and strong job growth have propelled apartment rent increases in Denver to among the highest in the nation—but that growth may be hitting a wall as a result of the heavy development pipeline.
IPA Arranges Record-Breaking Sale of Terracina Apartments in Inland Empire
By Alex Girda Ontario, Calif.– The recent sale of the Terracina community in Ontario is the largest transaction ever completed for a multifamily property in the Inland Empire. MG Properties sold the property along with joint venture partner Rockwood Capital for $142 million. The price per-unit comes in at roughly $193,000, well above the national average PPU which ended 2015 at roughly $117,000. Located at 3303 South Archibald Ave. in the Ontario Ranch master-planned community, Terracina offers 736 garden-style residences. The property consists of two land parcels that total 41 of the 8,200 acres that make up Ontario Ranch. The transaction…