West
Community HousingWorks Opens Home for Disabled Veterans and Families in Escondido
Community HousingWorks has set aside eight units for homeless veterans in its newest development, Avocado Court, a 36-unit apartment community in Escondido, Calif., that is available for families, seniors and other individuals.
TODAY’S DEALS: Ridge Capital Joint Venture Acquires Napa Portfolio for $39.5M
Ridge Capital Investors LLC and Redwood Real Estate Partners acquire two properties south of downtown Napa, Calif.; and Greystone originates $28 million in bridge loans for two seniors communities.
Auction.com Sells 12 Communities During Three-Day Multifamily Auction
Auction.com (www.auction.com), an online real estate marketplace, successfully auctioned 12 multifamily properties totaling 1,716 units during a three-day online auction earlier this month.
TODAY’S DEALS: HFF Arranges $6.1M in JV Equity, $17.8M Mortgage for Colorado Apartments
HFF arranges joint venture equity and Freddie Mac mortgage financing for a suburban property in Colorado; and NorthMarq Capital closes on a $12.56 million Freddie Mac mortgage.
Thompson | Dorfman Partners Hires Gillian Sutton Cho as Vice President of Development
Thompson | Dorfman Partners LLC, a professional developer, owner and manager of multifamily real estate, announced that industry veteran Gillian Sutton Cho has been hired as vice president of development.
Ground Broken on Southern L.A. County Affordable Housing
Work has started on Terracina Apartments, a new 72-unit apartment development in southern Los Angeles County.
Johnson Capital Expands as Colin Barnard Joins as VP in new Walnut Creek, Calif. Office
Johnson Capital, a national real estate capital advisory firm, announces that Colin Barnard has joined the firm as vice president in the company’s recently opened Walnut Creek office.
Real Estate Capitals Teams With Vedura Residential to Develop $20M Apartment Community
Real Estate Capital Partners of New York and Vedura Residential of Scottsdale, Ariz., have formed a joint venture to develop Elevation Chandler, a 163-unit luxury apartment community located in Chandler, Ariz.
Marcus & Millichap Promotes James E. Kordell to Associate Vice President Investments
Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has promoted James E. Kordell to associate vice president investments.
TODAY’S DEALS: IPA Brokers $19M California Property Sale at $204 Per Square Foot
IPA arranged the sale of Il Pompeii Apartments, a 111-unit luxury apartment community; and Jason Cohen Pittsburgh sells a property at a 350 percent premium.