West
Former Corus Bank Portfolio on the Market
ST Residential has put a portfolio of 13 multifamily properties in eight states on the market.
Matteson Acquires Washington Apartment Community
The Langara, a 134-unit rental property outside Seattle, has been acquired by The Matteson Companies. Matteson purchased the property from Polygon for $28.2 million, in a transaction announced in mid-January.
Holland Partners Buys Suburban Denver Apartments
Holland Partner Group has secured $38 million in acquisition financing to buy a multifamily property in Littleton, Colo., a suburb of Denver. The asset is Monterey Heights, a 332-unit apartment complex.
Seattle’s Eco-Friendly Stream Uptown Community Begins Leasing
Stream Uptown, a 118-unit, Class-A, mid-rise apartment community in Seattle’s Uptown enclave, has begun leasing residences. The announcement was made by Stream Real Estate LLC, a Seattle-based company focused on developing multifamily residential properties in the core of the Emerald City.
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.