West
MARKET SNAPSHOT: Vacancy in San Diego Remains Flat as Hiring Picks up Pace
After witnessing a net loss of 3,800 positions last year, employment in San Diego has seen a resurgence over the last few quarters, with payrolls expanding by 7,700 workers in the third quarter of 2012 alone.
California Mixed-Use Property Wins LEED Gold
The Alhambra, a 45-acre mixed-use property in Alhambra, Calif., has won LEED gold certification.
Brandywine Homes Announces First Multifamily Development
Brandywine Homes, a residential developer based in Irvine, Calif., announced its plans for its first multifamily development, the first of four apartment communities.
Historic Los Angeles YMCA Reborn as 28th Street Apartments
The 28th Street YMCA in South Los Angeles, a landmark building designed by trailblazing African-American architect Paul Williams, has been given a $21 million restoration and repurposing as the 28th Street Apartments.
Raintree Acquires SoCal Apartment Property
Raintree Partners has acquired Archstone Ventura Colony, a 272-unit multifamily property in Ventura. The company paid about $60 million, or $220,680 per unit.
Janel Ganim Joins Property Solutions as Vice President of Affordable Housing for Entrata
Property Solutions International, Inc. announced the recent addition of Janel Ganim to their team of industry experts heading-up development for Entrata.
MARKET SNAPSHOT: With Demand Steady, L.A. Property Managers Turn to Rent Hikes to Boost Revenue
With payrolls expanding and vacancies trending downward, many property owners in the City of Angels are seeking to raise rents as apartments turn over in order to generate additional revenue.
San Bernardino Housing Authority Selects Yardi Voyager to Manage its Public Housing Portfolio
Yardi announced today that the Housing Authority of the County of San Bernardino (HACSB) in California has selected Yardi Voyager™ as its property management and accounting platform.
IPA Arranges $148M Sale of San Jose Community
Institutional Property Advisors has arranged the $148 million sale of Willow Lake Apartment Homes in San Jose, Calif. This sale equals approximately $291,000 per unit.
KeyBank Real Estate Capital Provides $25 Million for Colorado Apartment Community
KeyBank Real Estate Capital recently closed a $25 million, 10-year loan through Freddie Mac for Ken Caryl Wadsworth Development Company