West
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…
DEAL OF THE DAY: Arbor Participates in Small Loans Space with $688,000 Financing
Arbor Commercial Funding LLC recently funded a $688,000 loan under the Fannie Mae DUS Small Loan product line for the 17-unit complex known as Cedar Brook Apartments in Portland, Ore.
Berkadia Commercial Mortgage Hires Louis Weisman, Will Focus on Needs of MF Owners, Developers in Seattle
Berkadia Commercial Mortgage LLC (Berkadia) has hired industry veteran Louis Weisman
Apartment Building with Construction Defects to Be Vacated, Dismantled
A Seattle apartment building in danger of structural failure
DEAL OF THE DAY: Walker & Dunlop Closes $45.6M Fannie Mae Refi Loan
Walker & Dunlop provided a $45,600,000 loan for The Presidio complex
MARKET SNAPSHOT: Downtown Phoenix May Be Only Bright Spot in Entire Market
Despite Phoenix’s reputation as having a high foreclosure
San Francisco Kicks Off Green Loan Program for Property Owners
The city of San Francisco has officially launched GreenFinanceSF, a program to provide loans to property owners, including
MyNewPlace Names Steven S. Pollock as VP of Product Management
MyNewPlace has named Steven S. Pollock as vice president of product management
DEAL OF THE DAY: Colliers Represents Buyer in $4.5M Acquisition of Newly Completed Mixed-Use Development
Colliers International completed the sale of an 18,000-square-foot mixed-use office and multifamily property located at 24100 and 24106 Calabasas Rd. in Calabasas, Calif., to Seasons Greetings LLP, a commercial and residential real estate development company. The all-cash transaction is valued at $4.5 million.
AIMCO 2009 Communities of Quality Program Award
Apartment Investment and Management Co. (Aimco) recently received the 2009 Communities of Quality Program Award from the National Affordable Housing Management Association (NAHMA).