West
Kennedy Wilson Sells $109M Seattle Asset
The 576-unit property was 97.9 percent occupied as of May. The company purchased the asset in 2014 for $57.8 million from Holland Partners.
Trion Properties Acquires Portland Community
The acquisition of the 67-unit community marks the company’s fifth purchase in the Portland, Ore., region. Trion Properties plans to implement a series of renovation made to the exterior, as well as to the interiors.
Boston Investor Buys CA Portfolio
Rockpoint Group, in a joint venture with Strategic Housing Partners, has acquired 500 units in Torrance, Calif., with plans to upgrade the apartments.
NKF Snags Senior Housing Experts
Rob Black and Sean McNee have joined as senior managing directors in the firm’s San Diego office. The two veterans come from Cushman & Wakefield, bringing 21 years and 17 years, respectively, of industry experience.
BRIDGE Housing Promotes Susan Johnson to COO
In this newly created role, Johnson will work to connect strategy, operations and procedures across the organization. Johnson has been with the company since 1983.
Albuquerque: On the Mend
The area’s multifamily market is held back by a persistent struggle with a sluggish labor market. Despite being the hub of New Mexico’s technology corridor, the metro has experienced only modest population and employment growth throughout the recent economic expansion.
Berkadia Arranges $57M Loan for Denver Community
Veranda Highpointe consists of one- to three-bedroom residences as well as 41,000 square feet of retail space.
There’s Hope for This South Park Luxury High-Rise
Lendlease and Full Star Properties LLC started construction on a mixed-use luxury condo building, which has been in the pipeline since 2006.
Related, Stanford Debut Affordable Community in Bay Area
Related California broke ground on the 70-unit property in Palo Alto, Calif., in 2015. The community resulted from a 2005 agreement between the city of Palo Alto and Stanford University to create housing for Stanford faculty and the surrounding community.
Las Vegas Luxury Property Sells for $63M
Green Leaf Capital Partners acquired Volare Apartment Homes, a garden-style, Class A property. As of May 2017, the community was 91 percent occupied.