West
Federated to Purchase Land from City for Mixed-Use Project in Portland, Maine
Portland, Maine–The Federated Cos. has entered into a contract with the city of Portland to develop a mixed-use project designed to transform the Bayside neighborhood into a live-work-play destination.
Wilshire and La Brea Project Recognized, but Not Underway
Los Angeles–A planned mixed-use mid-rise that will include 478 units recently won a Gold Nugget Award but, as yet, has no specific timetable for construction.
The Station at Othello Park Linked in to Seattle
Seattle–The Station at Othello Park, a 420,000 square-foot, mixed-use development in Seattle, has earned LEED NC Silver certification.
New Opportunity Fund Bags Inland Empire Apartment Property
Indio, Calif.–The newly formed Clear Capital L.L.C. has purchased the Casa Monroe Apartments in Indio, Calif., the first acquisition by the $50 million opportunity fund.
Force Proves to Be with Developers of The Coronet
San Francisco–The Coronet, a new 150-apartment senior housing building in the Richmond district of San Francisco, springs up on the site of the demolished Coronet movie house.
JLL Strengthens Multifamily Team in SoCal
San Diego–Higher occupancies and rising rental rates in the Southern California apartment market are creating a significant demand for investment sales expertise, prompting Jones Lang LaSalle to hire big guns.
Solar Installation Completed at San Diego Affordable Housing Property
The largest Multi-family Affordable Solar Housing project in San Diego (so far) has been completed at Mayberry Townhomes, a 70-unit affordable rental property.
Affordable Housing TOD Planned for Denver
Denver–The Urban Land Conservancy has bought land along Denver’s FasTracks Southwest light-rail corridor to develop an affordable, mixed-use transit-oriented development called Evans Station Lofts.
Ceres Series Highlights California City’s Workforce Housing
Fontana, Calif.–This spring’s opening of Ceres Way marked the sixth affordable housing project developed by Jamboree Housing Corporation for the city of Fontana, Calif.
Matteson and E&S Ring Form Strategic Alliance
Culver City and Redwood City, Calif.–The Matteson Companies and E&S Ring Management Corporation have entered a long-term strategic alliance in the West.