West
MARKET SNAPSHOT: Strong Employment Boosts Demand in Denver, Sending Construction to Nine-Year High
The Denver metro area continues to outpace the rest of the nation in job growth, with employment rising 2.3 percent in the first half of 2012 alone.
MG Properties Buys Apartments in SoCal and NoCal
MG Properties Group, a private San Diego-based real estate investor and operator, has completed the acquisition of two multifamily properties, one in Temecula, in southern California, and the other in Daly City, in northern California.
Seattle Apartments Open Half Leased
Jasper by Alta, a 91-unit apartment complex on 35th Ave. NE in Seattle, has opened after being under construction for a year. According to the developer, Wood Partners, the property opened more than half leased.
All-Glass Luxury L.A. High-Rise to Break Ground in September
A 22-story, 290-unit apartment community will break ground in September in the South Park district of Los Angeles.
Trigild’s Liquidation Plan for SCI’s $1.6B Investment Portfolio
Trigild’s CEO has been appointed liquidating trustee over the bankruptcy of Secured California Investments Inc. and SCI Real Estate Investments LLC.
CDT Teams with LINC Housing Corporation on Purchase Affordable Housing Development in Fresno
The Community Development Trust has partnered with LINC Housing Corporation, a Long Beach-based nonprofit builder of affordable housing for low-income families, seniors, and people with special needs, to purchase a 60-unit affordable housing development in Fresno, Calif.
SPECIAL REPORT: Colorado Wildfire Evacuees Find Opportunities for Temporary Housing
One resource that has already been of tremendous help is a one-stop-shop database specifically designed to connect evacuees to property management companies offering special deals.
Financing in Place for Denver Rental Property Acquisition, Rehab
Los Angeles-based commercial real estate investment banking firm George Smith Partners has arranged financing to permit its client Bruckal Properties Inc. to acquire and rehabilitate the high-rise Wellshire Arms Apartments, a rental community situated on South Colorado Blvd. in Denver.
Amenities Geared Towards Seniors Take Center Stage at New Affordable Community
Heritage Oaks Senior Apartments, an Oakdale, Calif.-based seniors community, recently opened for low income seniors age 55 and older.
Homeless Shelter Now Environmentally Sustainable
A 100-year-old farmhouse in Placentia, Calif., that had been converted into a shelter for people who are temporarily homeless has recently been retrofitted to make it more energy efficient.