West
Freddie Mac Financing in Place for Seattle-Area Apartment Deal
The buyer of the Lakes by Mill Creek Apartments, a 223-unit garden apartment community in Everett, Wash., has obtained an $18.5 million loan for the acquisition. The property was originally developed in 1986, and is currently 99 percent occupied.
Auction.com CEO Named Finalist for EY Entrepreneur of the Year
Jeff Frieden, chief executive officer and co-founder of Auction.com, is a finalist for EY Entrepreneur Of The Year™ 2014 in the Orange County Region.
Wolff Begins Mixed-Use Property in Downtown LA
Work has started on 12th & Olive, a mixed-use development in the southern section of downtown Los Angeles (also called the South Park neighborhood).
Resmark Partners with Westfield and Greystar on North Phoenix Apartments
Resmark Apartment Living has partnered with Westfield and Greystar to develop Deer Valley, a 344-residence apartment community in Desert Ridge, Ariz.
Seagate Buys Denver Apartment Tower for $20M
Seagate Properties has acquired the 107-unit Wellshire, an apartment property at 2499 S. Colorado Blvd. in the University Park neighborhood in Denver from Pathfinder Partners for $20.7 million.
Penthouse of L.A. Luxury Development On Sale for $9.9M
Elad Group has unveiled the last remaining penthouse available in the Carlyle Residences, a luxury development in Los Angeles, Calif., with a purchase price of $9.92 million.
David Hart Named President of Steinberg
International design firm Steinberg announced partner David Hart its new president, assuming the leadership from current president Rob Steinberg.
Mack Urban, Mill Creek Break Ground on $50M Playhouse District Project
A joint venture between Mack Urban and Mill Creek Development Company, including equity partner Cigna Investment Management, has announced it is breaking ground on a new $50 million, mixed-use, luxury community in the city’s historic neighborhood.
Mack Urban Launches Multifamily Management Affiliate–Mack Urban Communities
Mack Urban, a partnership between New York’s Mack Real Estate Group and Los Angeles based Urban Partners LLC, announced today the launch of Mack Urban Communities, a new affiliate specializing in residential property management and leasing.
Construction Ongoing on Nadel Architects-Designed L.A. Development
The Millennium Woodland Hills, a 395-unit multifamily development in the Woodland Hills, Calif., Warner Center neighborhood, is under construction.