West
Gen-X, Gen-Y Changing the Face of Multifamily Market and Architecture
The apartment sector, which is leading the rebound of the commercial real estate industry, is in the midst of transition, and it’s the growing population of young professionals that is spurring the change.
Behringer Harvard Invests in Renaissance in SF’s East Bay
Texas-based Behringer Harvard has acquired Renaissance, a 132-apartment luxury multifamily community in San Francisco’s East Bay.
Michaels, LINC Housing Kick Off $23M Affordable Seniors Housing Project in Oakland
The Michaels Development Company and LINC Housing Corporation will soon add 119 rental residents to West Oakland’s affordable housing pool.
MARKET SNAPSHOT: Large Number of Institutional Deals Hit Seattle Market
Seattle–The Seattle market has weathered the recessionary storm well, according to Kenny Dudunakis, senior partner in Hendricks & Partners’ Seattle office.
Alliance Begins Work on Seattle Apartments
Alliance Residential Co. has broken ground on Broadstone Koi, a 166-unit, LEED-certified residential project in Seattle’s Ballard neighborhood. The project is slated for completion during the first quarter of 2013.
TODAY’S DEALS: Greystar Sells 388-Unit Community in Houston
Greystar sells a 388-unit community in Houston; Marcus & Millichap brokers the sale of a 216-unit community for $8.1 million; and Bernard Financial Group finances a $4 million loan with Ladder Capital Finance.
Portland Pair Taps Thriving Employment Centers
Two new Portland-area apartment communities that broke ground last week are strategically sited to leverage burgeoning employment centers and heavily-used transportation hubs.
MHN Interview: A Look at the Nation’s First Zero-Energy, Carbon Neutral Homes
An interview with the project manager of the innovative zHomes, a new zero-energy, carbon neutral apartment community.
Escondido Workforce Housing Completed
The Crossings at Escondido in San Diego County offers workforce housing to tenants earning between 30 percent and 60 percent of area median income.
MARKET SNAPSHOT: East Bay Vacancy Declines, Planning Pipeline Expands
Oakland, Calif.–Vacancy in the East Bay is projected to reach levels seen three years ago, according to Marcus & Millichap’s third quarter 2011 Apartment Research Market Update.