West
Anaheim Apartment Complex Bags $30M Refi
Amberway Apartments in Anaheim has obtained a $30 million Freddie Mac loan to refinance existing debt.
MARKET SNAPSHOT: Private-Employment Sector Grows, Strengthening Rental Demand in Salt Lake City
Salt Lake City employment expanded 1.8 percent in the first three quarters of 2011, with nearly 11,000 jobs added to the marketplace, which equates to a 2.3 percent increase in private sector employment. Additionally, Marcus & Millichap projects that an additional 14,000 jobs will be added in 2012.
Affordable Seniors Housing Benefits from Unique Financing Transaction
A unique financing agreement recently allowed for the redevelopment of an affordable seniors housing community in San Francisco.
Los Angeles Student Housing Community Captures LEED Platinum
A new USC student housing community called West 27th Place has just realized a rare achievement among the nation’s student housing. It is one of only a few such housing developments to garner a LEED Platinum rating.
New Developer Proves Successful with 100 Percent Occupancy
In 2009, almost none of the condo units had been sold at The Mark, a 244-unit building. However, The RADCO Companies took over as developer and in one year sold 79 units. And now, the condos in the building are completely sold.
Work Under Way on New Seattle Apartments
Holland Partner Group, in partnership with Mesirow Financial Institutional Real Estate, had broken ground on 717 Dexter Ave. N. in Seattle.
PROFILE: Lee and Associates
Lee and Associates is today busy finding deals for REITs, financial institutions and private owners.
HopeLift to Provide Housing to Those in Need
Employees of property management and development company Holland Partner Group are doing their part to help the homeless this year by donating their unused vacation time to HopeLift, a charity that helps people with housing.
Senior Housing Developer Returns Funds to City
In an unusual event in multifamily development, AMCAL Multi-Housing Inc. recently returned about $519,450 to the city of Rancho Palos Verdes, Calif., after the completion of its Mirandela Senior Housing project.
PROFILE: Paladin Realty Partners LLC
As a private real estate investment firm that targets the Class B and Class C niches, Paladin Realty Partners LLC has a built-in strategy for standing above the crowd in the value-add market.