West
Work Begins on West Miami Apartments
Ground has been broken on Gables Prado, an apartment development in West Miami, an inner suburb of Miami also near Coral Gables. The property, at 950 S. Red Road, includes 194 units.
JB Matteson Acquires 216-Unit Sacramento Apartment Community for $29.75M
JB Matteson has acquired Medici Apartment Homes, a 216-unit apartment community in Sacramento, Calif.’s north Natomas submarket for $29.75 million and rebranded it as Avanti. Arroyo & Co. arranged the transaction.
New Glendale Property Leases Quickly
The demand for apartments is still brisk in Southern California, if the pace of leasing at the 310-unit Lex on Orange apartments in Glendale is any indication.
HydroPoint Announce Next Generation Smart Irrigation
HydroPoint Data Systems announced at the Irrigation Show & Education Conference its Fall 2014 WeatherTRAK® Smart Irrigation Release building on the Company’s new conservation apps and advanced flow management products announced earlier this year.
Sunrise Adds Four Properties to Management Portfolio
San Diego-based Sunrise Management has announced the addition of four properties to its multifamily portfolio, adding 477 units to its portfolio of more than 5,300 units in the region.
M.V. Partners Opens New Seniors Apartments in Costa Mesa
Azulón at Mesa Verde, a 215-unit, market-rate seniors housing development, is now open in Costa Mesa with nearly 70 apartments occupied. Locally based M.V. Partners developed the “resort-inspired” project for renters over 55.
Starpoint Acquires West Covina MF for $51.7M
StarPoint Properties has acquired Lafayette Parc Apartments, a 236,000-square-foot property comprised of 259 units in West Covina, Calif., for $51.75 million.
On-Site Launches Enhanced Online Renewals
Online leasing software provider On-Site.com announced their enhanced Online Renewals.
Oyster, Tricon Bag $143M Construction Loan for SF Condo Development
Oyster Development and Tricon Capital have obtained a $143.5 million construction loan on their condo project, Rockwell, which is at 1634-1690 Pine St. in San Francisco.
LeaseHawk Launches App
LeaseHawk launched its Relationship Management App, the first app focused on managing relationships in the multifamily industry, from lead to resident and beyond.