West
TODAY’S DEALS: LCOR Secures $49M+ Construction Loan for Mixed-Use Community
LCOR has closed on construction financing for its 304,271 sq. ft. mixed-use project at 638 Bloomfield Ave. in Montclair, N.J.; and Cohen Financial arranges more than $5.4 million for an acquisition.
InHaus, Redfin Join Forces on Seattle Condo Development
Acclaimed sustainability developer InHaus and technology-driven real estate brokerage Redfin are coming together to unveil a new condominium development in the Ballard neighborhood of Seattle.
Deco Communities Redevelops Vegas Apartments Frequented by Rat Pack
Cabana on Dumont, the redevelopment of the former Rainwalk Apartments in Las Vegas, has opened. It’s the first apartment outside of Arizona to be converted into Scottsdale-based Deco Communities’ “Cabana Modern Apartment Homes” brand of rental properties.
WESTliving Plans Construction of Continuum of Care Model Community
California-based WESTliving has announced its plan to build an independent, assisted living and memory care seniors community in an upscale area of South Corona, Calif. in Riverside County.
Bernards Chosen as Construction Manager for Newport Beach Luxury Condos
Bernards is managing the construction of the Meridian, a new $81.7 million condominium community in Newport Beach, Calif., being developed by a partnership between The New Home Company and Hillwood West.
TruAmerica and Partners Buy San Jose Apartments for $38M
A partnership between TruAmerica Multifamily, Vista Investment Group and Western Investments Capital, has acquired Avenel Apartments in San Jose, Calif., for $38 million. The property is a 168-unit multifamily community originally built in 1987.
Boyd Management Inc. Adopts Yardi SaaS Select Platform and Adds Online Procurement and Payment Processing
Yardi announced today that Boyd Management Inc. (BMI), an affordable housing management firm based in South Carolina, has begun the process of upgrading its software and database hosting service to Yardi SaaS Select.
Toll Brothers Announces Agreement to Purchase Shapell Homes; Acquisition Will Significantly Expand Toll’s California Presen
Toll Brothers Inc. and Shapell Industries Inc. announced that they have entered into a definitive purchase agreement under which Toll Brothers will acquire the home building business of Shapell in a stock acquisition for approximately $1.60 billion in cash.
Laurence Pelosi Joins Thompson | Dorfman Partners New Division TDP | Bay Area Partners
Thompson | Dorfman Partners LLC, a developer, owner and manager of multifamily real estate, announced that Laurence Pelosi has joined TDP | Bay Area Partners LLC, a Thompson | Dorfman company, as a partner.
Vitus Group Acquires San Diego Affordable Housing Community
The Vitus Group announced that it has acquired Meadowbrook Apartments in San Diego and has plans to perform a $17 million renovation on the affordable housing community.