West
DEAL OF THE DAY: ARA Brokers Sale of Bank-Owned Property for $50/Sq. Ft.
Multi-housing specialist Apartment Realty Advisors (ARA) recently brokered the $1,350,000 sale of a 34-unit property located at 1205-1225 Yukon Street in Lakewood, Colo.
DEAL OF THE DAY: Southern Calif. Apartment Property Changes Hands for $254,033/Unit
Marcus & Millichap Real Estate Investment Services brokered the sale of The Madison, a 90-unit, 118,874-square foot luxury apartment building in Rancho Palos Verdes. The sales price of $22,863,000 represents $254,033 per unit and $211 per square foot.
New Company Offers New Approach to Construction Photography
Scott Yahraus and Andrew Weissman, two southern California real estate veterans, have started a company to offer developers and construction companies a more methodical way to document the construction process
Yardi Acquires DIY Real Estate Solutions
Yardi Systems recently acquired residential property management software provider DIY Real Estate Solutions
First Passive House in the Western U.S. Achieves Standard
The U.S. Passive House Institute recently awarded The Breezeway House, located in Salt Lake City, certification. It is the first building in the Western U.S. to receive the award.
Two New Affordable Housing Projects Open in L.A. County
Palo Verde Terrace in Palmdale and The Gardens on Garfield in Glendale, two affordable housing projects
DEAL OF THE DAY: Walker & Dunlop Closes $138.935M Freddie Mac Loan
Walker & Dunlop originated a $138,935,000 loan for Elan at River Oaks located in San Jose, Calif.
DEAL OF THE DAY: Charles Dunn Co. Closes $2.15M Sale at Asking Price
Hamid Soroudi and Cari Widman of Charles Dunn Company’s
DEAL OF THE DAY: Deutsche Bank Berkshire Mortgage Arranges $14.3M for Student Housing
Deutsche Bank Berkshire Mortgage (DBBM) recently provided a $14.3 million Freddie Mac loan for the refinancing of Capri at University of Oregon Apartments, a 100 percent dedicated student housing property located across the street from the main campus at the University of Oregon.
New TOD Comes Opens in Anaheim
Irvine, Calif.–The Crossing, a new luxury, transit-oriented apartment community in Anaheim, Calif. recently opened 100 of its 312 units. Developed by SARES•REGIS Group and designed by KTGY Group, Inc., Architecture and Planning, The Crossing is an amenity-rich, pet and eco-friendly community adjacent to the Metrolink Anaheim Canyon Station. While the remaining units will be ready this July, people have already moved into units that have been completed. Demand has been positive, according to the developer, even though, rents Saris•Regis did have to reduce the rents by 10 percent in keeping up with the downturn in the economy. Located at 3530…