West
San Francisco’s Condo Market on Upswing Again After June’s Decline
an Francisco–The economic crisis did not bruise San Francisco as badly as certain other major California cities like Los Angeles and San Diego, so its condominium market has not fared as poorly during the downturn.
DEAL OF THE DAY: George Smith Supplies Large, $32M, Construction Loan to Buyer to Complete Multifamily Project
Hollywood, Calif.–George Smith Partners, on behalf of an institutional client, completed a $32 million multifamily construction loan transaction.
PCCP and Ohio Public Employees Retirement System Form New Venture To Originate Senior Commercial Mortgages
San Francisco–PCCP, LLC and the Ohio Public Employees Retirement System have teamed up to form a new venture that will originate first mortgages.
Much-Needed Market-Rate Faculty Apartment Complex Debuts in Pricey Redwood City, Calif.
Redwood City, Calif.–Those in the business of education do not earn sky-high salaries, so the availability of market-rate housing, particularly in high-price residential markets, is a key concern.
Q&A: KeyBank Real Estate Capital’s Christa Chambers Tackles New Role and Changing Market
Bellevue, Wash.–Three months after taking on her new role, she speaks to MHN about issues ranging from her new responsibilities and goals to the current state of the financing in the multifamily market.
DEAL OF THE DAY: Mesa West Supplies $12.5M through its Fund for Acquisition and Lease Up of New Multifamily Property
Woodinville, Wash.–Mesa West Capital has provided an affiliate of Pacific Property Co. and JP Morgan Investment Management with $12.5 million in first mortgage financing.
MHN Interview with Joel Kelly: Bank-Owned REO Properties Are Bulk of Transaction Activity in East Bay
Joel Kelly, president of BAA, talks to MHN about the how the group got started and what their goals are.
DEAL OF THE DAY: Raintree Partners Acquired Three Properties in Calif. For $30.6M
Pomona, Calif.–Investor and developer Raintree Partners has acquired a portfolio of three multifamily properties.
DEAL OF THE DAY: Hendricks & Partners Negotiates Sale of Active-Adult Mixed-Use Apartments for $18.75M
Hendricks & Partners participated in the sale of FountainGlen at The Villa, located at 4000 South El Camino Real in San Mateo, Calif. The 135-unit mixed-use senior apartment and retail community was sold for $18,750,000.
DEAL OF THE DAY: Walker & Dunlop Closes $35.7M Refi Loan
Santa Clara, Calif.–Walker & Dunlop provided a $35,700,000 long-term loan for Bella Vista Apartments.