West
Van Nuys Apartments Trade for Record $33M
That price reflects a price per unit of $336,735, a record for the Van Nuys area—a neighborhood in the San Fernando Valley region of Los Angeles.
TruAmerica, Investcorp JV Executes 5th Acquisition
The investment managers purchased the L.A.-adjacent, 552-unit apartment community for $92 million, their fifth and largest joint venture transaction in two years.
24-Acre Live/Work/Play Campus Coming to SoCal
The community will consist of 660 luxury residences, 255,000 square feet of creative office space and numerous dining and retail options.
Product Spotlight: Tesla’s Solar Roof
Tesla’s new solar roof is composed of tiles whose photovoltaic components are invisible from afar.
HCP to Sell Portfolio of Brookdale Communities for $1B
The transactions are expected to close in various stages by the end of 2017.
Berkadia Closes Sale of Historic Community in San Diego
The asset is located in the historic neighborhood of Bankers Hill.
Pensam Residential Acquires Denver Landmark Community for $350M
The price sets a new record for Colorado and is the second highest paid for a single multifamily asset in the U.S. this year.
Pinnacle Adds 2 Communities to Portland-Area Portfolio
The company will manage Monte Vista at Murray Hill and Cedar Crest, two Beaverton properties totaling 542 units.
Berkadia Arranges $36M Loan for Sin City Communities
Pine Hills Lodge and Sonoma Shadows will be run as one asset, rebranded as Solaire Apartments.
Downtown Portland Community Sells for $23M
Grand Peaks Properties of Colorado acquired the property for $282,530 per unit.