West
Apartments to Rise on Site of Failed San Diego Condo Development
San Diego–Alliance Residential Co. has acquired a 1.3-acre development site in the Little Italy district of downtown San Diego and is planning 201 apartment units for it.
TODAY’S DEALS: Lee & Associates Moves 15-Unit Apartment Building for $2.5M
Lee & Associates sells a 15-unit apartment building for $2.5 million; Waterton Residential purchases 509 condo units at Lansbrook Village in Palm Harbor, Fla.; and Tikijian Associates handles the sale of a 88-unit property in Mooresville, Ind.
MARKET SNAPSHOT: Despite Record Deliveries, Salt Lake County Holds Its Own on Vacancy
Salt Lake City–Last year saw more units delivered to Salt Lake County than the market has seen in the past 20 years.
Zero Net Energy Development Near Completion at UC Davis
Davis, Calif.–The University of California-Davis is near completion of the first phase of a mixed-use project it is calling the “largest planned zero net energy community” in the United States.
Neglected Property in Oakland Reemerges as Polished Affordable Housing Community
Oakland, Calif.–Affordable Housing Associates has completed a comprehensive rehabilitation of 401 Fairmount Ave., now serving overlooked segments of the population in more ways than one.
Work Begins on Affordable Property in Riverside County, Calif.
Lake Elsinore, Calif.–Ground has been broken on Pottery Court Apartment Homes, 113 dwellings for families earning between 30 and 50 percent of area median income.
L.A. Multifamily Property Wins HUD Door Knocker Award
Los Angeles County–HUD has awarded Casa Dominguez, a 70-unit affordable housing property completed in 2009, a HOME Program Door Knocker Award.
Time Equities Expands with West Coast Office
New York–New York-based Time Equities Inc. has opened its first West Coast office in Los Angeles.
Rehab of Historic Affordable Seniors Housing Property in Richmond, Calif.
Richmond, Calif.–The Carquinez, a 36-unit affordable seniors housing apartment building in Richmond, Calif., has experienced a rebirth with the completion of a $9.5 million rehabilitation program.
Berzack Group Joins Lee & Associates
Sherman Oaks, Calif.–The Berzack Group, led by President Warren Berzack, has joined Lee & Associates.