West
TODAY’S DEALS: Centerline Capital Arranges Loans for Three Multifamily Properties in Oregon
Centerline Capital provides $16.3 million in financing to properties in Eugene and Portland, Ore.; and EverBank supplies a $4.1 million construction takeout loan.
Condo Prices Rising Again in Trio of West Coast Cities
Condominium prices rose again in June in downtown Los Angeles, San Francisco and downtown Seattle, according to The Mark Company’s Condominium Pricing Index.
TODAY’S DEALS: HFF Arranges $95M Construction Loan for Hi-Rise in Reston, Va.
HFF arranged a bank construction loan of $95 million for the development of BLVD at Reston Station; and Red Mortgage funds a $31M FHA supplemental loan for a new construction.
Yardi Voyager 7S Earns Realcomm Digie Award for Innovative Technology
Soon after its mid-2013 release, Yardi Voyager® 7S became the solution of choice for clients attracted to the platform’s browser-independence, tablet compatibility and ability to add other Yardi solutions to create a full business solution.
TODAY’S DEALS: NorthMarq Dallas Office Arranges Refinances Totaling $78.49M for Borrower
NorthMarq Capital negotiates refinancing of two properties in Colorado and Georgia; and Madison Realty sells a Manhattan portfolio for $23.4 million following the doubling of property values.
The Towbes Group’s Willow Springs Phase II Fully Leased Ahead of Schedule
The Towbes Group has announced that all units in the Phase II component of its Goleta, Calif. community, Willow Springs, have been leased about three months ahead of schedule.
TruAmerica Multifamily Acquires Phoenix Apartment
TruAmerica Multifamily, a California investor, has acquired Avenue 25 Apartments, a 254-unit multifamily community in Phoenix, for $35.4 million, or about $139,370 a unit.
Hensel Phelps, Mithun Awarded Contract for New UCI Student Housing Community
The University of California, Irvine has announced that it has selected construction and design firm Hensel Phelps in partnership with architect Mithun to design and construct the Mesa Court Expansion student housing community. The $92 million project it targeting LEED Platinum and will add 780 beds to the university’s housing.
Real Estate Strategist Richard Gollis Joins Jamboree Housing Corporation Advisory Board
Richard M. Gollis, a co-founder and principal of The Concord Group, has joined Jamboree Housing Corporation’s advisory board.
San Francisco Apartment Market Podcast
Pierce Eislen’s Ron Brock Sr. and MHN’s research editor Jack Kern discuss San Francisco apartment market fundamentals in this edition of our market research podcast hosted by Mike Ratliff.