West
New Development to Redefine Luxury in Denver’s Upscale Cherry Creek Neighborhood
CBRE has brokered a $92 million construction loan for BMC Investment’s development of a 218-unit luxury high-rise in Denver’s Cherry Creek neighborhood that will likely set a new price-per-unit record in the market.
Phoenix Realty Group Adds Two to West Coast Operations
Phoenix Realty Group has bolstered its Los Angeles office with the hiring of real estate vets R. Alex Saunders and Leslie Stephens.
TODAY’S DEALS: Sacramento Asset Trades for $14.3M
Marcus & Millichap completes a 97-unit sale in Carmichael, Calif.; Centerline closes a $4 million Fannie Mae loan to refinance a 146-unit asset in California; and Red Capital Partners uses its own balance sheet to provide a $25 million bridge loan.
Canyon Finances Palo Alto LEED-Certified Mixed-Use Project
Canyon Capital Realty Advisors has provided a loan for the construction of The College Terrace Centre by College Terrace Centre LLC.
TODAY’S DEALS: Cohen Financial Arranges $9,89M+ in Fannie Mae, CMBS financing
Cohen Financial’s Dan Rosenberg secured a total of $9.894 million to refinance two multifamily properties; and Marcus & Millichap brokers a seniors housing sale for $33 million.
TODAY’S DEALS: George Smith Partners Secures $70M Cash-Out Refinance for Downtown LA Property
George Smith Partners provided financing for the takeout of a maturing construction debt; and Edgewood Capital supplies $2.15M for acquisition of non-performing loan.
New Garden Grove Apartments Mark a Push to Multifamily for Brandywine Homes
Single-family homebuilder Brandywine Homes is making a push into mutlifamily with the completion of Waterstone, a 25-unit community located in Garden Grove, Calif.
Oak Coast Properties Developing West Hollywood Apartment Community
Oak Coast Properties is developing a new 53-unit upscale apartment community in the high barrier market of West Hollywood.
Berkeley Point Capital Closes $36M for Sacramento Acquisition
Berkeley Point Capital has secured $36 million for Horizon Realty Partners’ purchase of a 646-unit asset in Sacramento.
MHN Interview: Steadfast’s Ella Shaw Neyland
Steadfast Income REIT had a banner 2013, adding nearly $1 billion to its portfolio of moderate income apartments. Big things are on the horizon as Steadfast launches its second public company, Steadfast Apartment REIT. Ella Shaw Neyland fills MHN in.