West
JV Scores 2 AZ Properties
Modern Residential and Henley USA have acquired the 265-unit Sonoma Villas in Mesa and the 216-unit Sonoma Pines in Peoria.
Rising Demand Pushes Rents Higher in Las Vegas
Las Vegas’ recovery features above-average job and population growth. That has produced a modest but steady improvement in housing demand, as the market aims for long-term stability.
Integrity Opens CA Senior Housing
In partnership with Mayans Housing Corp., the firm has debuted an 84-unit community in Pomona. Of the units, five will be reserved for veterans.
Mission Rock Residential on Managing Growth
President Patricia Hutchison discusses the company’s beginnings, today’s multifamily landscape, the lending market and the effects of rising interest rates.
Denver’s Largest Luxury Community Opens
Designed by Solomon Cordwell Buenz, Country Club Towers II and III offer 552 units across 1 million square feet of space. The community comprises studio, one- and two-bedroom floorplans, plus penthouses.
Inland Empire Asset Trades in 1031 Exchange
Providence Capital Group placed a non-contingent offer for the 140-unit community in Hemet, Calif., which traded for $15.5 million. Marcus & Millichap represented the seller and procured the buyer.
AvalonBay Obtains $185M Refi for 3 Properties
The portfolio features 1,384 units located in Los Angeles, Calif., and in Laurel, Md. Bellwether Enterprise facilitated the loans.
Berkadia Completes $61M Sale of Seattle Community
Carroll’s Creek Landing is in close proximity to various shopping options including Walmart, Best Buy and Target. The 288-unit community serves as military housing.
Palo Alto Housing Unveils Revitalized Affordable Asset
Colorado Park Apartments reopened after a $31.9 million renovation. The property is the oldest in the non-profit agency’s portfolio.
Rainbow Tapped for Phoenix Affordable Community
The company will offer the residents of La Palmilla Apartments free on-site programs once the current owner, Reliant Group Management, completes renovations in mid-2018.