West
Phoenix Community Sells for $30M
Berkadia represented the seller, a subsidiary of Evergreen Development Co., which sold the 152-unit property to Pure US Apartments REIT.
RealtyShares Closes $12M Loan for Seattle Student Housing
The 10-property portfolio is located near the University of Washington, in one of the fastest growing housing markets in the U.S. The acquisition marks the company’s largest commercial real estate debt transaction to date.
Liv URBN Tops Off Phoenix Condo Property
Contour on Campbell, the city’s newest condominium community, is closer to completion. The company plans to welcome first residents early next year.
The Positive Impact of the Interest Rate Hike
CityView’s Sean Burton discusses the effect of an increased supply of multifamily units and explains why higher interest rates could spur more development.
29SC Expands Into Sacramento With 110-Unit Community
The company plans to spend $1.3 million in capital improvements in the property located in Citrus Heights, Calif., a submarket with a more than 8 percent rental rate growth.
JLL Snags Investment SVP in SoCal
With more than a decade of experience, Christopher Arvizu will focus on multifamily sales in Orange County and the Inland Empire as part of the firm’s capital markets team.
LMC Tops Off San Diego Mixed-Use Project
Shift, a 368-unit community located in the East Village neighborhood, includes a 21-story tower and two five-story low-rise buildings.
Bernards Breaks Ground on 115 KSF Student Housing
The company is aiming for an August 2018 completion on the 114,970-square-foot facility at the University of La Verne. The project will be the first one in the university’s newly approved Facilities & Technology Master Plan.
Pathfinder Acquires $16M Senior Housing
The company formed a joint venture with Denver-based Hillcrest Development Group to purchase Shalom Park Senior Living Campus. Pathfinder will implement a $3 million renovation plan and will rebrand the property as V-Esprit.
10 Markets with the Greatest Occupancy Loss
Supply growth is outpacing demand in many areas, causing a decrease in occupancy rates. Here is a list of the 10 markets with the greatest loss in occupancy year-over-year as of April 2017.