West
MG Properties Acquires Luxury Community
MG Properties Group announced the acquisition of Tuscany Ridge Apartments in Temecula, Calif.
Trammell Crow Company Announces Three Promotions
Trammell Crow Company, a national developer and investor in commercial real estate, has announced the promotion of Joel Behrens of Dallas/Fort Worth, Will Parker of Northern California and Brandon Houston of Houston to principals of the firm in their respective city’s business units.
TODAY’S DEALS: HFF Secures $46.73M 30-Year, Fixed-Rate Permanent Loan from M&T Bank
HFF announces it has secured $46.73 million in financing for the recently completed The Trails at Timberline; and BMC Capital provides a $4.8 million loan for a Houston property.
Entering the Bay-Area Multifamily Market with a Multimillion-Dollar Deal
Decron Properties Corp. has acquired Highland Gardens, a 187-unit garden-style apartment community in Mountain View, Calif., for $86 million.
TODAY’S DEALS: NorthMarq Capital Finalizes $35M Freddie Mac Loan
NorthMarq Capital arranges the $34.59 million refinance of Lakeside Terrace Apartments; and Lee & Associates transacts a sale in access of the $9.5 million listing price.
$36M Loan for Waterfront Community Gut Renovation
Far West Management has received a $36 million bridge-to-perm loan to renovate Villa Del Mar Apartment Homes, a 196-unit, four-building multifamily community with 209 boat slips, located on the Marina Del Rey-waterfront.
TOD Boasts Proximity to Disney
Texas-based JPI/TDI Cos. has closed on its acquisition of 7.64 acres in Anaheim, Calif. The company plans to build a 400-unit apartment at the site.
NorthWest International Healthcare Properties REIT Adopts Yardi Voyager for Enterprise-wide Management
Until recently, NorthWest International Healthcare Properties REIT managed accounting and financial reporting for its worldwide real estate investment portfolio with several different platforms, making consolidated reporting difficult.
West Hollywood Apartments Sell for Nearly $4M
Two fully occupied and adjacent apartment properties in the city of West Hollywood, which is in Los Angeles County, have traded hands.