West
Greystone Expands into Phoenix
The office will focus on Fannie Mae, Freddie Mac, FHA and CMBS finance, serving multifamily owners nationwide. Eric Jones will head up the location as its director.
California MHC Lands $14M Refi Loan
The 10-year fixed-rate loan has 9.5 years of yield maintenance and one year of interest-only payments, followed by a 30-year amortization schedule.
Bay Area Affordable Veterans Housing Breaks Ground
Community Development Partners began construction on the $21 million project slated for completion by year-end. The innovative project’s structure will comprise modified steel shipping containers.
PSRS Snags $80M Loan for CA Community
Pacific Southwest Realty Services arranged the mortgage for Hollister Village, a new luxury Class A residential development located on a13.7-acre site west of Santa Barbara.
Walker & Dunlop Taps New SVP
Matt Naish brings affordable housing expertise following his tenure with Berkeley Point Capital and HUD.
Western Markets Dominate Rent Growth
From Seattle to San Diego, many tech-driven, Millennial-attracting markets have experienced continuous rent growth above previous averages.
$73M Rehabilitation of SoCal Affordable Community Underway
The redevelopment of the 268-unit project by Community Preservation Partners marks the biggest tax credit in Indio, Calif. The second phase is slated for completion by the end of the year.
29th Street Capital Buys 12th Bay Area Community
The acquisition of the 79-unit community in San Leandro, Calif., brings the company’s multifamily portfolio to more than 7,600 units. As part of its value-add investment strategy, the company plans to invest $2.3 million in capital improvements.
HFF Secures $23M for Walnut Creek Condos
The 48-unit community will be developed by a joint venture led by The Address Co. The property is slated for completion in the summer of 2018.
Changing Strategies for Multifamily Investment
In this video, David Blatt, CEO of investment bank Capstack Partners, discusses financial strategies under the new administration, how rising interest rates will impact multifamily deals and how the energy market rebound will change the demand for housing.