West
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.
Carmel Completes San Diego Community
Multifamily specialist Carmel has completed work on Carmel Pacific Ridge, a 500-unit property in the Mission Valley neighborhood of San Diego.
HFF San Francisco Hires Nathan Blair to Focus on Multi-Housing Investment Sales
HFF announced that Nathan Blair has joined the firm as a director in its San Francisco office to focus on multi-housing investment sale transactions in Northern California.
Realm Group Begins Construction of Calif. TOD
Realm Group LLC announced it has started construction on a 349-unit transit-oriented development called Monterey Station, which is located in Pomona, Calif.