West
Largest LA Multifamily Project Breaks Ground
Next On Lex is a Killefer Flammang Architects-designed $280 million mixed-use transit-oriented development in Glendale, Calif.
New Standard Equities Acquires Seattle-Area Property
The 284-unit community was acquired from Fowler Property Acquisitions.
Yardi Matrix: Denver’s Growth Conundrum
An influx of Millennials and strong job growth have propelled apartment rent increases in Denver to among the highest in the nation—but that growth may be hitting a wall as a result of the heavy development pipeline.
IPA Arranges Record-Breaking Sale of Terracina Apartments in Inland Empire
By Alex Girda Ontario, Calif.– The recent sale of the Terracina community in Ontario is the largest transaction ever completed for a multifamily property in the Inland Empire. MG Properties sold the property along with joint venture partner Rockwood Capital for $142 million. The price per-unit comes in at roughly $193,000, well above the national average PPU which ended 2015 at roughly $117,000. Located at 3303 South Archibald Ave. in the Ontario Ranch master-planned community, Terracina offers 736 garden-style residences. The property consists of two land parcels that total 41 of the 8,200 acres that make up Ontario Ranch. The transaction…
HFF Secures Financing for Montclair Terrace Apartments
There is the opportunity to position the asset as an affordable property.
Fairfax Village Development Site Changes Hands in HFF-Arranged Deal
A new multifamily building is set to take shape in L.A.’s Fairfax Village as a result.
HFO Brokers Sale of Townfair Apartments for $31M
The property is located in Gresham, Ore. and sold for $139.70 per square foot.
Inland Empire Deal Sets Record
The community was sold for $142 million, equaling $193,000 per unit.
Security Properties and Pacific Make $118M Seattle Purchase
The 400-unit, Class B multifamily property was purchased in the company’s first joint venture with Pacific Life.
Four Corners Brings Affordable Housing Project to CO
The company is expected to break ground on the community this November.