West
DEAL OF THE DAY: NorthMarq Finds $12.29M in Permanent Financing for Distressed Property
Las Vegas–NorthMarq Capital’s San Diego regional office arranged first mortgage financing of $12.293 million for Summerlin Entrada Apartments.
MHN Interview with Laura Khouri: Maintaining Balance Between Rents and Occupancy Is Key Challenge with Property Management
Irvine, Calif.–Laura Khouri succeeds Thomas K. Shelton as president of Western National Property Management.
Zeta Communities Gets $5M Equity Infusion from Black Coral Capital
San Francisco–With the equity financing from Black Coral, Zeta will be to expand its product line.
DEAL OF THE DAY: Alcole Capital Obtains $17.2M Loan from Global Lender
San Diego–Alcole Capital Group arranged $17.2 million for the refinance of a 262-unit multifamily property in San Diego.
Engrain Materializes from Merger of Creativity for Rent and Multifamily Edge
Denver–National marketing and technology firm Creativity for Rent has acquired online marketing consultancy Multifamily Edge.
Healthcare Reform and Its Impact on Seniors Housing
Encino, Calif.–The impact will be somewhat neutral.
Lyon Communities Debuts 291-Unit SoCal Luxury Apartment Property
Newport Beach, Calif.–The company conducted extensive research to assess just what local residences desire
Mercy Housing Plans New $11.5M Affordable Apartments in Denver
Denver–An eco-friendly affordable housing community.
DEAL OF THE DAY: HFF Facilitates $10.7M Fixed-Rate Refi at 5.18% Interest
Tempe, Ariz.–HFF (Holliday Fenoglio Fowler LP) has secured $10.7 million in financing through Freddie Mac for Monarch at Tempe.
SF Condo Market Sees Dwindling Supply
San Francisco–The recession greatly slowed the development of for-sale condominium housing in San Francisco.