West

Zeta Communities Gets $5M Equity Infusion from Black Coral Capital

San Francisco–With the equity financing from Black Coral, Zeta will be to expand its product line.

DEAL OF THE DAY: Alcole Capital Obtains $17.2M Loan from Global Lender

San Diego–Alcole Capital Group arranged $17.2 million for the refinance of a 262-unit multifamily property in San Diego.

Engrain Materializes from Merger of Creativity for Rent and Multifamily Edge

Denver–National marketing and technology firm Creativity for Rent has acquired online marketing consultancy Multifamily Edge.

Healthcare Reform and Its Impact on Seniors Housing

Encino, Calif.–The impact will be somewhat neutral.

Lyon Communities Debuts 291-Unit SoCal Luxury Apartment Property

Newport Beach, Calif.–The company conducted extensive research to assess just what local residences desire

Mercy Housing Plans New $11.5M Affordable Apartments in Denver

Denver–An eco-friendly affordable housing community.

DEAL OF THE DAY: HFF Facilitates $10.7M Fixed-Rate Refi at 5.18% Interest

Tempe, Ariz.–HFF (Holliday Fenoglio Fowler LP) has secured $10.7 million in financing through Freddie Mac for Monarch at Tempe.

SF Condo Market Sees Dwindling Supply

San Francisco–The recession greatly slowed the development of for-sale condominium housing in San Francisco.

San Diego Highrise to Use Light-Gauge Steel as Support Structure

San Diego–Leeding Edge LLC, a joint venture of Em Johnson Interest Inc. and Avion Development LLC, has inked a deal with FrameMax to use light-gauge steel multifamily highrise project in downtown San Diego.

MyNewPlace Launches Guarantee Program

New Orleans–MyNewPlace has announced the first-ever $275 average cost-per-lease guarantee program for multifamily owner/operators at the National Apartment Association’s (NAA) Conference in New Orleans.