West
Wood Partners Sells North Seattle Apartment Community for $29.4M
Wood Partners sold Jasper by Alta, a 91-unit luxury apartment community in Wedgwood, Wash., for $29.4 million to Jasper 91 LLC, which is associated with Calfox Inc.
Hutton Companies Begins Construction on $43M Mixed-Use Community
Hutton Companies has started construction on La Verne Village in La Verne, Calif. The community is a $43 million, 172-unit mixed-use development located in the San Gabriel Valley on Historic Route 66 and will be designed by KTGY Group Inc. Architecture + Planning,
MARKET SNAPSHOT: Vacancy Plummets as Tech Sector Booms in Salt Lake City
As markets across the country begin to approach plateaus in terms of occupancy and rent growth, Salt Lake City is continuing to see sharp declines in vacancy and steady hikes in pricing.
Work Starts on Three SoCal Apartments
Mill Creek Residential has broken ground on three multifamily communities in southern California, which will total 713 units when completed over the next two years. The three properties are in Glendale, Laguna Niguel and Irvine.
Yardi Joining Revenue Management Experts at 2013 NAA Conference & Expo Discussion
Yardi announced its participation in a session at next month’s 2013 NAA Conference & Expo that will offer insight into how managers of rental properties can maximize revenue with automated revenue management systems.
AMCAL Multi-Housing Begins Construction on Hollywood Affordable Community
AMCAL Multi-Housing has just started construction on a 40-unit affordable property called The Argyle Apartments, a development in Hollywood, Calif.
Resmark Acquires Full Interest in Santa Clarita MF Property
Resmark Apartment Living, a division of the Resmark Cos., has acquired the interests of its former joint-venture partner Archstone in a new 157-unit multifamily community in Santa Clarita, Calif.
Two Affordable Housing Projects Developed in L.A.
Thomas Safran and Associates has developed Del Rey Square Senior Apartments, a 124-unit community in the upscale neighborhood on the Westside of Los Angeles, while AMCAL Multi-Housing has developed Portola Terrace, a 45-unit affordable community for families and young professionals in historic Temecula in Riverside County.
High-Rise Apartments Break Ground in Seattle
GID Development Group has broken ground on a 41-story residential tower at 2030 8th Avenue in downtown Seattle. The property, which is across the street from Amazon’s new major office expansion, will include 355 units.
Gates Hudson Adopts the Yardi Multifamily Solution
Yardi announced that real estate investment and management firm Gates Hudson selected Yardi Voyager™ as its new property management and accounting platform.