West
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.
Auction.com Launches Auction Finance
Auction.com has launched Auction Finance, a new division created to facilitate financing for commercial and residential real estate investors.
ABI Multifamily Brokers Two Phoenix MF Sales
Winding Creek Apartments has acquired Winding Creek, a 54-unit garden-style apartment community in Phoenix, from J & Z Property Management for $1.7 million. Earlier in the week, the same buyer also purchased the Fountainhead Apartments, a two-story garden-style apartment community in Phoenix from Clancy & Associates for $8.145 million.
Lowe Enterprise Investors JV Acquires Boulder, Colo., Community
Lowe Enterprise Investors has announced the acquisition of a 161-unit garden-style community in Boulder, Colo., in a joint venture with an unnamed investment client.