West
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.
Bascom Arizona Acquires Coldwater Springs Apartments
Coldwater Springs, a five-year-old Class-A property in Avondale, Ariz., has been acquired by Scottsdale, Ariz.-based Bascom Arizona Ventures for $27.2 million.
Grosvenor Americas Adds Another Puget Sound Property to Portfolio
Grosvenor Americas has acquired Waterford Place Apartments in the Seattle suburb of Woodinville for an unspecified price.
KBS Legacy Partners Apartment REIT Appoints W. Dean Henry as CEO
W. Dean Henry, a 40-year multifamily industry veteran, has been appointed CEO of KBS Legacy Partners Apartment REIT.
Waterton Associates Acquires Arizona’s Andante Apartments
Chicago-based multifamily company Waterton Associates has acquired Andante Apartments, a 576-unit community in the upscale Ahwatukee Foothills area south of Phoenix.
HFF Closes Sale on Multifamily Community Near Oregon State University
HFF announced that it has closed the sale for Grand Oaks Apartment Homes, a community near Oregon State University in Corvallis, Ore.