West
TODAY’S DEALS: Meridian Capital, Capital One Arrange $64M Interest-Only, Cash-out Refinance
Meridian Capital Group, in partnership with Capital One Multifamily Finance, negotiates the $64 million refinancing of Palm Island; and a Hollywood apartment building trades hands for $3.4 million.
Related Companies’ Belmar Apartments Opens in Santa Monica
Related Companies has announced the grand opening of the KTGY Group, Architecture + Planning-designed Belmar Apartments in Santa Monica.
EdR Names Bill Brewer CFO and Steven Schnoor SVP
EdR announced that Bill Brewer has joined the company as executive vice president and chief financial officer and Steven Schnoor has joined its development team as senior vice president of Western Development..
Picerne Breaks Ground on Inland Empire Apartments
Ground has been broken on Vistara, a 298-unit apartment community in Ontario, Calif., in the region known as the Inland Empire. The developer, The Picerne Group, anticipates that the property will be complete by the second quarter of 2015.
Deco Plans Another Condo Development in Scottsdale
Locally based Deco Communities has closed on a 2.4-acre site in Scottsdale, Ariz., that will be home to a new, 100-unit, to-be-named condominium project.
Capri, TruAmerica Acquire L.A.’s Vermont
A partnership between Capri Capital Partners and TruAmerica Multifamily has acquired a 464-unit high-rise apartment community in Los Angeles for $283 million.
L+M Development Opens Final Phase of Candlestick Heights
Affordable housing developer L+M Development Partners recently announced the official opening of the long-stalled Candlestick Heights affordable housing community in San Francisco’s Bayview Neighborhood.
Zillow Announces Acquisition of Trulia for $3.5 Billion in Stock
Zillow today announced that it has entered into a definitive agreement to acquire Trulia for $3.5 billion in a stock-for-stock transaction.
TODAY’S DEALS: Simpson Housing Sells Property in Affluent South Charlotte Submarket for $32.25M
ARA announced the sale of The Arboretum Apartments, a 277-unit mulit-housing community to an affiliate of The Connor Group; and Capital One Multifamily closes a $25.6 million Fannie Mae loan refinancing apartments in Southern California.
Alliance Residential Promotes Key Leaders
Alliance Residential announced the promotions of V. Jay Hiemenz to president and chief operating officer, and Bob Weston to chief financial officer.