West
Berkeley Point Executes $325M in Refinancing for The Gateway in San Francisco
Berkeley Point Capital, along with Freddie Mac, recently closed on the largest single-asset loan in its company history. The 10-year, $325 million refinance loan for The Gateway, a 7.74 acre San Francisco property, was locked-in at a fixed rate of 3.38 percent and is a full-term, interest-only loan.
JV Plans Denver High Rise
A partnership of developers has unveiled plans for a 34-story high-rise apartment in Denver. Development partners include PM Realty Group (PMRG), National Real Estate Advisors (NREA), and Ray Suppa, a founder of several real estate-related companies who has developed property in Denver for over 20 years.
Wilson, Blanchard Management Inc. Improves Operational Efficiency with Yardi Voyager Condo
Yardi announced today that full-service property management company Wilson, Blanchard Management Inc. has improved process automation, data protection and reporting capabilities since adopting Yardi Voyager® Condo.
Google Invests in ROEM Corp.’s New Affordable Community
ROEM Corp. announced the grand opening of Franklin Street Family Apartments, a $23.4 million affordable apartment community. Google has invested $6.5 million in equity into the community, plus a grant of $81,859 for computer equipment and free Internet access for residents.
Alliance Residential Company’s The Hesby Gets Star Treatment in North Hollywood
The Hesby, a new six-story, $50 million, 308-unit apartment community offering upscale amenities reminiscent of those found at swanky resort hotels, has opened at 5031 Fair Ave. in North Hollywood (NoHo).
Rutherford Investments’ Multifamily/Mobile Home Portfolio Obtains $174M in Financing
Rutherford Investments has obtained $174 million in financing for a multifamily and mobile home park portfolio that the company owns in California.
Grosvenor Americas Acquires Carlmont Woods Apartments
Carlmont Woods Apartments, an 11.5-acre, 195-unit garden apartment community in the upscale San Francisco suburb of Belmont, Calif., has been acquired by Grosvenor Americas of San Francisco, which plans to renovate unit interiors and common-area amenities to modern standards.
Greystone Continues West Coast Expansion with Opening of Newport Beach Office
Greystone, a national provider of multifamily and healthcare mortgage loans, opened the firm’s new West Coast Headquarters in Newport Beach, California.
NWP Services Corporation Wins Three Technology Choice Awards
NWP Services Corporation (NWP), a provider of utility cost recovery solutions, today announced that it is the recipient of three 2013 Technology Choice Awards from Multi-Housing News’ (MHN) readers.
Medici Communities and Urban Land Conservancy Open $12.35M Affordable TOD
The Urban Land Conservancy and Medici Communities have opened an affordable, transit-oriented development at the Evans Light Rail Station in Denver. The community, called Evans Station Lofts, cost $12.35 million.