West
CHW to Break Ground on Green Affordable Housing Community in Vista, Calif.
Community HousingWorks will hold a ground breaking ceremony to kick off construction on its latest development, North Santa Fe Apartments.
TriBridge Residential Opts for Full Yardi Multifamily Solution Stack
Needing a comprehensive technology solution to effectively manage its business operations and provide detailed reporting to investors and clients, TriBridge selected Yardi Voyager ® as its new Software as a Service core property management and accounting system, along with the Yardi Marketing Suite ™ and Yardi Multifamily Suite™.
7×7 Development Acquires Site for SF Condos
7×7 Development has acquired 388 Fulton St., one of the last remaining undeveloped parcels in San Francisco’s Hayes Valley neighborhood. Plans for the corner site two blocks west of City Hall call for a 69-unit condo building with retail on the ground floor.
Deco Communities Proceeding With Midtown Phoenix Condo Development
The locally based Deco Communities has acquired 2346 N. Central Ave. in Midtown Phoenix, which is currently occupied by a 23,000-square-foot office building. The company paid $2.35 million for the site, and plans to develop condos there.
Deco Communities Developing $37M Luxury Condos in Scottsdale, Ariz.
Deco Communities has entered into a joint venture with Castlelake and Isles Ranch to develop Envy, a $37 million luxury residential tower to be built in the heart of the Old Town Scottsdale Entertainment District.
USA Properties Fund Completes Rehab on LA Seniors Community
The renovation of Huntington Plaza Apartments, a 184-unit low-income seniors housing property in the Los Angeles suburb of Huntington Park, has been completed. The entire cost of the property’s acquisition and rehabilitation was $30.2 million.
Sacramento Affordable Housing Community Receives Grant for Green Upgrades
Mutual Housing California has been awarded a $5,000 grant from the Bank of Sacramento in order to make green renovations at Greenway Village Mutual Housing Community, a 54-unit affordable housing community located in South Sacramento, Calif.
Condo Prices Balloon in Seattle, LA, SF
Condominium prices increased in downtown Los Angeles, San Francisco and especially downtown Seattle in March 2014 over the previous year, according to Condominium Pricing Indexes released recently by The Mark Co. for each market.
Second Phase Complete at L+M’s Candlestick Heights Community in SF
L+M Development Partners celebrated the completion of the second phase of construction this month at the company’s first California community, Candlestick Heights, in San Francisco.
TODAY’S DEALS: NorthMarq Negotiates $118M Refinancing for Transit-Oriented Apts. on Behalf of Prometheus
NorthMarq Capital’s San Francisco-based regional office announces the refinancing for of two adjacent downtown properties located in Mountain View, Calif.; and Bernard Financial originates a $5.2 million loan.