West
Bridge Housing Breaks Ground on Sacramento Affordable Housing
Sacramento–Bridge Housing, a nonprofit affordable housing specialist, has broken ground for Foothill Farms Senior Apartments in Sacramento. The property will feature 138 affordable apartments and community space in four buildings, with a slated completion in July 2012.
Affirmed Housing Group Breaks Ground on Affordable Apartments in L.A.
Los Angeles–Affirmed Housing Group makes its debut in Los Angeles with the ground breaking on the 60-unit green property, Lotus Garden Apartments.
Champion Plans Hollywood TOD Project
Hollywood, Calif.–West Los Angeles-based Champion Real Estate Co. has bought a five-building, mixed-use complex in Hollywood out of receivership for $20 million.
Bay Area Transportation Commission Creates Affordable Housing Fund
Oakland, Calif.–The Oakland-based Metropolitan Transportation Commission has established a new $50 million revolving loan fund for affordable housing developers.
Hotels and Residences Portion of $2.5B L.A. Live Complex Earns LEED Silver Certification
Los Angeles–The Hotels and Residences at L.A. Live, the 4 million square-foot luxury complex in Los Angeles, has achieved LEED Silver certification.
Pierce Education Expands Its Student Housing Portfolio
Tempe, Ariz.–With its cutting-edge amenities, Block 1949, an off-campus community serving Arizona State University, is the student housing destination of tomorrow.
MARKET SNAPSHOT: Albuquerque, N.M. Market Remains Slow but Steady
Albuquerque, N.M.–Despite increasing unemployment, the Albuquerque apartment market has not suffered much.
Owners of SF’s Fairmont Hotel Push to Go Half-Condo
San Francisco–The joint owners of the Fairmont Hotel in San Francisco are eager to move forward with a business plan that will make the property more relevant in the current environment.
New Student Housing Breaks Ground at University of La Verne
La Verne, Calif.–Hanover Pacific L.L.C. has broken ground on a 378-bed, 103,250 square-foot mixed-use student housing property at the University of La Verne.
New Affordable Seniors Apartments Underway in Suburban L.A.
West Covina, Calif.–Work has begun on 65 new residences at West Covina Senior Villas II, an affordable senior housing project east of Los Angeles.