West
TruAmerica Multifamily Acquires Northern California 180-Unit Community
TruAmerica Multifamily has acquired Summit at Paradise Valley, a 180-unit apartment community in Fairfield, Calif., for $26 million.
TODAY’S DEALS: Centerline Capital Refinances Six-Property Portfolio in Los Angeles for $23.5M
Centerline Capital Group provides a $23.5 million Fannie Mae credit facility to refinance a six-property multifamily portfolio; and ARA brokers the $39 million sale of a property located next to Northern Colorado’s largest employment center.
One Eighty to Roll Out New Brand of Seniors Housing
One Eighty, a hospitality specialist based in Seattle, has unveiled plans for a new line of seniors housing properties targeting middle-income seniors who want independent living facilities.
Hutton Completes Apartments in Eastern LA County
Hutton Cos. has completed the 172-unit La Verne Village Luxury Apartment Homes & Shops in La Verne, Calif., which also features about 15,000 square feet of retail. The developer has tapped Western National Property Management to manage the property.
HSL Properties Growing its Arizona Portfolio
The Station on Central, a 414-unit apartment community in Phoenix, has been purchased by Tucson-based HSL Properties.
Mack Urban Plans Roosevelt Neighborhood Apartments in Seattle
Mack Urban has unveiled plans for a seven-story apartment development at 800 NE 67th in the Roosevelt Residential Urban Village, which is part of Seattle’s Roosevelt neighborhood.
JB Matteson Acquires Mixed-Use Community in Petaluma, Calif.
JB Matteson has announced the acquisition of Theatre Square Apartments in Petaluma, Calif. The 99-unit, mixed-use community was purchased $32.5 million from the original developer.
JDC Completes Latest California Apartment Redevelopment
JDC Construction + Development Group has completed the $4 million restoration of the 237-unit 1718 Ximeno Ave. apartment property in the Park Estates section of Long Beach, Calif.
Northridge Apartments Nearly Leased Up
The 402-unit Terrena mixed-used property, which is in the Northridge district of L.A., has nearly leased its multifamily component. The community consists of a mix of studio and one- and two-bedroom units, as well as about 14,000 square feet of retail space.
Trumark Urban to Enter Los Angeles Multifamily Market with 24-Story Condo Project
Trumark Urban has announced that it has acquired a fully entitled development site located at West 11th Street and South Grand Avenue in Los Angeles’ downtown South Park neighborhood.