West
SoCal Apartments and Marina Trade for $43.9M
Archstone recently bought Bay Club Apartments and Marina for $43.9 million from Decron Properties Corp. Located in Marina Del Rey, Calif., the Bay Club includes 205 residential units, 207 boat slips and 11 end ties.
Ground Broken on New Workforce Housing in Brea, Calif.
Construction is underway on Birch Hills Apartment Homes, the newest workforce housing community to come to Brea, Calif.
Mercy Housing Northwest Develops a 52-Unit Affordable Housing Community in Seattle
Mercy Housing Northwest has developed affordable housing in Seattle for the first time with the Columbia City Station Apartments, a 52-unit transit-oriented development.
TownCentre in Brentwood Changes Hands for $19M
Ridge Capital Investors LLC has acquired TownCentre Commons Apartments, a 137-unit apartment property in Brentwood for about $19.6 million.
Sunroad Begins Two San Diego Apartment Communities
Sunroad Enterprises has broken ground on two new apartment buildings in San Diego, the Sunroad Centrum Apartment Buildings at Lightwave Avenue and Spectrum Center Boulevard.
Lancaster, Calif., Portfolio Acquired by MG Properties Group
A four-property, 1,190-unit Lancaster, Calif., apartment portfolio has been acquired by San Diego-based MG Properties Group (MGPG) for a sale price of $91.75 million, with MGPG representing itself in the transaction.
New Workforce Apartments Planned for Half-acre Seattle Site
A half-acre site at 12th Ave. and East Yesler Way in Seattle is to be home to a new 120-unit multifamily community featuring workforce apartments.
Campus Acquisitions Gearing Up for Tucson Development
Campus Acquisitions has hired Beal-Derkenne Construction to build Park Avenue, a student housing project bordering the University of Arizona-Tucson.
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.