West
Raintree Partners Acquires Luxury L.A. Community for $77M
Raintree Partners has acquired a $77 million multifamily community in Los Angeles. The luxury community, called The Plaza at Sherman Oaks, contains 392 units.
Curtain Rises on NoHo Senior Arts Colony in North Hollywood
The newly developed, $32 million NoHo Senior Arts Colony opens this month, the first in the multifamily housing industry’s history to incorporate a professional theater within a seniors rental housing property.
Velocity Hires Industry Veteran for Loan Acquisitions
Velocity Commercial Capital, a specialty finance firm focusing on originating, acquiring and securitizing small balance commercial loans, announced the addition of Craig Kolasinski to its Capital Markets team.
Marcus & Millichap Arranges $17.1M Sale for Nevada Community
Marcus & Millichap Real Estate Investment Services has arranged the sale of a 240-unit community in Sparks, Nev., for $17.1 million. This sales price equals $71,250 per unit.
Ground Broken For Redwood City Multifamily
Work has begun on 201 Marshall, a 116-unit, seven-story apartment property in Redwood City, Calif.
MARKET SNAPSHOT: Remaining a Beacon for Job Growth, San Jose Multifamily Market Rivals That of the ’90s
As employment growth across the country continues to hold steady at around one percent per year, the San Jose job market is seeing gains of between 3 to 4 percent per year.
Berkadia Acquires One of the Nation’s Largest Multifamily Investment Sales and Research Firms, Hendricks & Partners
Berkadia Commercial Mortgage, a commercial real estate lender and servicer, announced the expansion of its U.S. presence through its acquisition of Hendricks & Partners.
Alliance Residential Company Sells Seattle’s Domaine
Alliance Residential Company has sold Domaine, a 92-unit multifamily community in Seattle it acquired in 2009, to a public REIT.
Bay Area’s Candlestick Heights to Offer Crucial Affordable Housing
Financing is in place for acquisition and development of Candlestick Heights, a 196-unit affordable rental community just to the west of Candlestick Park in San Francisco.
Nevada Rural Housing Authority’s Senior Residence Fills Big Void in Short Order—100 Percent Occupied within Six Months
The Nevada Rural Housing Authority’s Larios Arms Senior Residence in Winnemucca, Nev., is 100 percent occupied within six months of opening