West
Joint Venture to Develop Mixed-Use Community for the San Francisco Transbay Project
A joint venture, including Avant Housing LLC, AGI Capital Group, TMG Partners, CalPERS, Essex Property Trust and BRIDGE Housing, was selected to negotiate with the Successor Agency to the San Francisco Redevelopment Agency to build a mixed-used development on Transbay Block 9 in San Francisco’s SoMa District.
Ground Broken for Oregon Student Housing
Work is under way on University House Arena District, a new 244-bed student housing development near the University of Oregon.
HFF West Coast Leadership Announcements
HFF experienced significant growth on the West Coast in 2012 and in response to this growth the firm has made changes to its West Coast leadership team.
San Diego County Apartments Trade for $3.5M
An apartment property at 1717 N. Vulcan Ave. in Encinitas has changed hands for $3.5 million. The seller was a partnership that had acquired the property in 2010 as a value-add, while the buyer was a private investor.
Dana Strand Senior Apartments Wins NAHB’s Gold Award for Best 50+ Affordable Rental Community
Dana Strand Senior Apartments has recently won NAHB’s Best of 50+ Housing Awards—Gold Award for Best 50+ Affordable Rental Community.
Yardi Systems Deploys Unified IP Business Communications Software from Interactive Intelligence
Yardi Systems, a provider of property management software and services, has deployed unified IP business communications software from Interactive Intelligence Group Inc.
Ground Broken for Suburban LA Affordable Housing
Affirmed Housing Group has broken ground on Arbor Green Apartments, an affordable housing development. The property will include 40 units comprised of one-, two- and three-bedroom units, each with its own storage locker.
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.