West
Seven-Person Capital Markets Team Led by Sullivan and Jugl Join HFF’s Denver Office
HFF recently announced that a seven-person capital markets team led by Mary Sullivan and John Jugl has joined the firm’s Denver office. The team, formerly of Jones Lang LaSalle, will focus on capital markets transactions in the office, industrial and retail sectors.
Affirmed Housing Developing 40-Unit Affordable Housing Community
Affirmed Housing is developing Arbor Green Apartments, a planned three-story, 40-unit affordable housing community in Carson, Calif.
MARKET SNAPSHOT: Economy in Colorado Springs Contracts due to 2012 Wildfire
After the historic wildfire that destroyed 347 homes and burned around 18,000 acres of land, the Colorado Springs MSA is still reeling from the impact.
Colorado Rental Community Gets Cash-Out Refinance
Kipling Village LLC has gained $12.2 million in the cash-out refinance of Kipling Village Apartments, the result of efforts on its behalf by commercial real estate investment banking firm George Smith Partners.
KTGY Designs Award-Winning $10M Seniors Community
Heritage Oaks Senior Apartments, a seniors community in Oakdale, Calif., has recently opened. The $10 million community is environmentally friendly and has earned LEED Platinum certification.
Mill Creek Residential Trust to Develop 235 Units in Glendale
MCREF Verdugo LLC, a joint venture sponsored by Mill Creek Residential Trust LLC, has purchased a 67,518-square-foot land parcel in Glendale, Calif., to develop 235 apartment units.
Sterling at Silverleaf Phase Two Coming to Scottsdale
Plans were finalized in mid-January for phase two of Sterling at Silverleaf in Scottsdale, Ariz. A dozen luxury villas starting at $2.2 million will break ground in early spring, with a phase three of 213 luxury condominiums to follow.
La Jolla Townhouse Project Complete
Construction is complete on Paseo La Jolla, a 24-unit townhome property in La Jolla. The property also just opened a new two-bedroom model home and a sales center.
MARKET SNAPSHOT: Operators Take Advantage of Improving Economic Conditions in Las Vegas
After lagging behind most major markets for some time, Las Vegas’ apartment sector is seeing an acceleration of activity.
Twin Apartment Buildings Open in Santa Monica
Two multifamily rental properties adjacent to each other in Santa Monica that have been in the works for some time have finally been completed. The properties, called NMS@1420 and NMS@1430, will each house 50 one- and two-bedroom apartments.