West
Marcus & Millichap Report Predicts Strongest Year Yet for Rental Market
2011 proved to be a good year for multifamily, according to Marcus & Millichap’s 2012 National Apartment Report. And this is predicted to continue for 2012.
Colliers Launches Student Housing Group
Colliers International plans to capitalize on growing demand in the student housing market with the creation of its National Student Housing Group.
David Woodward Forms CompassRock Real Estate LLC
After a career providing leadership and strategic vision to Laramar Group and Archstone, David Woodward has formed a new property management firm, CompassRock Real Estate LLC.
Encore Wins Financing for Next Apartment Project
Encore Multi-Family LLC has closing on the financing for the its next ground-up development project, a garden-style apartment property in the Denver suburb of Thornton.
New Partnership Seeks Value-Add Apartments in Metro Seattle
Trinity Real Estate and Norman Partners have formed a partnership to buy multifamily properties and other kinds of commercial real estate in the Puget Sound region.
HUD Grants to Benefit People with Disabilities in SF
HUD has awarded two 811 funding grants to help make possible the development of a pair of permanent supportive Mercy Arc Housing residences for non-elderly adults with developmental disabilities in San Francisco.
Colliers Oversees Multifamily Sales in Phoenix
In two separate transactions, Colliers International has overseen the sale of two multifamily properties in metro Phoenix with a combined value of $5.475 million.
Southwestern Law School Begins Its First Student Housing
Southwestern Law School has broken ground on a student housing complex, the school’s first on-campus residential facility.
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.