West
NorCal Seniors Housing Property Sells
Oakmont Gardens, a 163-unit independent living and assisted living property in Santa Rosa, north of San Francisco Bay, has traded hands for an undisclosed price.
Sterling Construction in Joint Venture for New Development in North Dakota
Because of a local oil boom of the Bakken Shale Formation, Dickinson, N.D., has become a booming residential area. And that is why Sterling Construction, part of The Sterling Group, feels it is the ideal location for its new $32.3 million community.
Resmark and Intracorp Plan Seattle Rental Communities
The northeast side of Seattle will soon welcome two new apartment communities to be developed by Resmark Apartment Living and Intracorp.
IPA to Break Ground on Phoenix-Area Apartments
Investment Property Associates and the Rockefeller Group have formed a joint venture to develop a 402-unit apartment community at the northeast corner of Warner and Recker roads in Gilbert, a suburb of Phoenix.
Plans Underway for Apartment Community in Milpitas, Calif.
A 200-unit, contemporary Italianate-style apartment community is being planned for a three-acre site in Milpitas, Calif.
Ground Broken for Upmarket Apartments in OC
Newport Beach-based Lyon Communities has broken ground on the Marke @ South Coast Metro, a 300-unit property in Santa Ana. The property will be aimed at an upmarket, renter-by-choice demographic.
Pathfinder Acquires Former Foreclosed Property in Riverside
Pathfinder Partners has acquired Tuscan Townhomes, a 63-unit project located on Magnolia Ave. in Riverside.
Parley’s Partners and KTGY Group Begin Construction on $45M TOD in Utah
Construction has begun on Phase I of Birkhill on Main Apartment Homes, an eco-friendly, transit-oriented development in Murray, Utah.
SoCal’s Park Place Apartments sells for $10.2 Million
The 22-year-old, 61-unit Park Place Apartments in the northwest Los Angeles community of Canoga Park has sold for $10.2 million.
MARKET SNAPSHOT: Rents in Downtown Seattle Skyrocket as Vacancy Hits Multi-Year Low
Vacancy in the Seattle metro area hit 4.1 percent in the second quarter of 2012, the lowest rate in over a decade.