West
Downtown LA Pricing Record Shattered by Kor Group on Barker Block
Warehouse No. 1 at Barker Block has sold out, making it the fastest-selling residential project in Downtown Los Angeles.
Alliance Apartment Property in Arizona Wins LEED Platinum
Broadstone Lincoln, a 264-unit multifamily development in Scottsdale, Ariz., has won LEED-H Platinum certification.
Cypress Development to Open Sales at Scottsdale Condo Development
Cypress Development Group is on the verge of launching sales for the Sterling Collection at Silverleaf, a condo development in Scottsdale. The property is composed of five four-story buildings that include automated parking and private elevators that open directly into each unit.
TODAY’S DEALS: Canyon Capital Provides $124M Senior Construction Loan for Miami Development
Canyon Capital Realty Advisors has provided $123.6 million for a 57-story luxury residential condominium development in the heart of Miami’s Financial District; and NorthMarq Capital’s Seattle office finalizes two multifamily transactions totaling $52.709 million.
Asian Investors Increase Their Appetite for US Multifamily
Asian investors are poised to spend more on U.S. multifamily assets in 2014 than at any other time in history, according to a recent report by CBRE.
TODAY: Capital One Bank Closes Loans Totaling $74M to Refinance Two Houston Apartment Communities
Capital One Bank provides loans totaling $74 million to refinance two Houston apartment communities; and Grandbridge Real Estate Capital finances a $4.8 million apartment community at sub-4 percent interest rate.
Powertree and Panasonic Bringing EV Charging to SF Apartment Buildings
Scores of electric vehicle charging stations are coming to multifamily properties in San Francisco in coming months, thanks to an initiative teaming Panasonic Enterprise Solutions Company and San Francisco-based Powertree Services Inc.
Construction Begins on KTGY-Designed The Lakes at West Covina
Construction of The Lakes at West Covina, a 450-unit luxury rental community, is now under way in West Covina, Calif.
Ground Broken on Villas on the Boulevard in Santa Clara
Groundbreaking ceremonies have been held for Villas on the Boulevard, a new 186-unit luxury apartment community in Santa Clara, Calif.
USC Casden Predicts Higher SoCal Apartment Rents
The 2014 USC Casden Multifamily Forecast reports that apartment rents are continuing to rise throughout Southern California as the demand for rental housing outpaces the completion of new units.