West
Resource Residential Revamps 400-Unit OC Community
The Bryant at Yorba Linda Apartment Homes is undergoing a multimillion-dollar renovation.
Top 10 Apartment Owners in Los Angeles
Ballooning home prices have made homeownership more difficult, and in turn put downward pressure on apartment vacancy rates. The pronounced need for housing has resulted in a construction boom, and there are no signs of a slowdown.
Berkadia Closes $35M SoCal Apartment Sale
A California-based investor purchased the 128-unit community in Fullerton. The multifamily asset last traded in 2012 for a little over $20 million.
JLL Brokers Downtown Phoenix Land Sale
Due to rising rents, as well as employment and population growth that keep demand high, Clark Street Holdings acquired 1.3 acres on which it plans to develop a residential high-rise property.
Meta Housing Wraps Hollywood Project
The $21.6 million community, which also includes about 3,500 square feet of commercial space, will add 40 units of much needed affordable housing to L.A.’s inventory.
Colorado Community Under New Ownership Through HFF
Prior to the sale, the 185-unit, garden-style community was 90.3 percent occupied, according to data provided by Yardi Matrix.
The Mark Co. to Make Its Mark on LA Residences
The 504 Oceanwide Plaza luxury condos are part of a $1 billion project slated for completion in 2019. Marketing and sales for the development will be handled by The Mark Co., a subsidiary of Pacific Union International.
McFarlin Buys Land for Senior Living Community in Phoenix
In a deal arranged by Avison Young, the company has acquired a nearly 7-acre property where the 80-unit Mariposa Point at Algodon Center will be developed.
Phoenix Condo Development Receives Construction Loan
Sales have begun for The Residences at Oak, a 47-unit condo project nearing completion in Scottsdale, Ariz.
HSL Lands $22M Refi for Phoenix Asset
Hunt Mortgage Group has arranged a 10-year Fannie Mae loan for the 232-unit Desert Sands Apartments in Casa Grande, Ariz.