West
Security Properties Acquires Affordable Apartments for $13.2M
Security Properties has teamed with Enterprise Community Investment Inc. and the Colorado Springs Housing Authority to acquire Winfield Apartments.
Seniors Community Funded by WNC LIHTC Equity Opens in Honolulu
Pacific Housing Assistance Corporation recently held a dedication ceremony to officially mark the opening of Senior Residence at Iwilei, an affordable seniors housing building that was partially funded with $24 million in LIHTC equity from Irvine, Calif.-based WNC.
New Affordable Seniors Housing in San Diego Will Be LGBT Friendly
Community HousingWorks is planning Arizona Street Development, a proposed 76-home seniors apartment building and a 118-home multifamily building in San Diego’s North Park district.
WNC Provides Funds for New Affordable Housing Near Seattle
The Villas at Lakewood, a new 240-unit affordable housing community in Marysville, a suburb of Seattle, has opened. WNC provided $9.5 million in low-income housing tax credit equity to fund the development.
Becca Wilson, President/CEO of Spherexx.com, Gets Gold for Woman of the Year–Technology–Business and Finance
Becca Wilson, president and CEO of Spherexx.com, recently received the 2014 Woman of the Year Stevie Award for Technology – Business Services and Financial Services.
Denver Luxury High-Rise The Confluence Breaks Ground
Ground has been broken on The Confluence, the newest ultra-luxury multifamily high-rise tower in Denver.
Universe Buys LA County Apartments for $8.6M
Universe Holdings, a privately held real estate investment specialist, has acquired The Sycamores, a 50-unit apartment community in Inglewood, in southwestern Los Angeles County. The company paid about $8.6 million for the property.
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.