West
Linking Property Owners to Quality Property Managers
As renters and rental properties increase nationwide, the need for quality property management grows. Enter All Property Management, the largest property management network uniting investment property owners with property managers.
Number of LEED-Certified Commercial Projects Hits 10,000 Mark
The green building revolution reaches a milestone as the Green Building Certification Institute has given the LEED stamp of approval to the 10,000th property.
TODAY’S DEALS: Marcus & Millichap Closes $13M Sale of Lender-Owned Community
Marcus & Millichap brokers the sale of a distressed community for $13 million; Archstone acquires a development site slated for a 467-unit community; and AREA Property Partners buys a 422-unit portfolio for $59.6 million.
Luxury Las Vegas Condo High-Rise to Undergo $3M Redesign
Las Vegas–The Martin, a 45-story luxury condominium skyscraper one block from the Las Vegas Strip, is about to get a $3 million touchup.
Multifamily Technology Advancements: A Look at RW Zukin
In the past, the multifamily industry was notoriously slow to adapt new technologies. However real estate firm RW Zukin is utilizing resident technology to advance their portfolio.
New USC Property to be First LEED Platinum Student Housing
Los Angeles–A new student housing property at the University of Southern California opened with the distinction of being the only student housing in the country to be on track to earn LEED platinum certification.
KTGY Designs Eco-Friendly Foursquare Senior Living Property in Portland
Portland, Ore.–KTGY Group is designing a green senior living community just outside of downtown Portland. The $29 million apartment community will add 132 units to the city’s pool of affordable housing for active adults of 62 years and over.
Affordable Apartments Preserved in Denver’s Santa Fe Arts District
Thanks to Denver’s unique Transit-Oriented Development (TOD) Fund, 16 affordable housing units have been preserved in the heart of the Mile High City’s Santa Fe Arts District, a six-block long enclave on Denver’s near west side.
AMCAL Receives Over $16 Million in CTCAC Funding
Agoura Hills, Calif.–The California Tax Credit Allocation Committee was awarded nearly $16.3 million to AMCAL Multi-Housing Inc., a builder of affordable and low-income housing. The funding was provided to help build three new communities across California.
MARKET SNAPSHOT: Shadow Inventory Continues to Trouble Tucson Market
Tucson, Ariz.–The majority of Tucson investment activity is likely to involve distressed assets for the balance of 2011, according to Marcus & Millichap.