West
JB Matteson Acquires Second North Bay Property
JB Matteson Inc. has acquired the 113-unit Rafael Town Center in San Rafael, Calif. The purchase marks the firm’s seventh acquisition in California and second in the North Bay.
Embrey Developing MF in Colorado’s Ken Caryl Ranch
Embrey Partners is developing a luxury 250-unit, Class-A multifamily community in Colorado’s prestigious Ken Caryl Ranch neighborhood.
Investors Snap Up Suburban Denver Apartments for $40M
RedPeak Properties has sold two Colorado apartment communities that total 360 units. ARA brokered the two separate sales.
AMCAL Announces Completion of Santa Ana Special Needs Community
A new 41-unit community offering affordable housing for those with physical and developmental disabilities has reached full occupancy.
Ground Breaks on New Supportive Housing Community in Santa Monica
The Hollywood Community Housing Corporation (HCHC) and Step Up On Second broke ground today on a supportive housing community in Santa Monica, Calif.
George Smith Partners Secures Construction Loan for Las Vegas Property
George Smith Partners has arranged $51 million in construction financing for a 360-unit asset in Las Vegas. The developer is a joint venture between The Calida Group and Cypress Equity Investments.
TODAY’S DEALS: Greystone Provides $38.8M for San Antonio Asset
Greystone refinances a 360-unit asset; Boston Capital provides financing for an Affirmed Housing project; and Capstone lands management contracts for seven properties in Greater Houston.
Pacific Urban Residential Acquires California’s Villas La Costa
Pacific Urban Residential has acquired the 24-unit Villas La Costa apartment community in Carlsbad, Calif., from San Diego-based Oram Properties.
Presidio Landmark Apartments Honored by National Trust
A 154-unit adaptive reuse project by Presidio Trust and Forest City has received The National Trust/Advisory Council on Historic Preservation’s Award for Federal Partnerships in Historic Preservation. The conversion was designed by Perkins+Will.
Mack Urban Plans New Development in Portland
Mack Urban has purchased 1.67 acres of prime waterfront property in Portland’s South Waterfront District, and plans to develop a six-story mid-rise multifamily structure featuring up to 281 apartments.