West
MARKET SNAPSHOT: Despite Rent and Occupancy Declines, Transaction Volume in Los Angeles Reaches Its Peak
Los Angeles–While valuations vary between submarkets, the local economy has caused declines in rental rates and increases in vacancy throughout the Los Angeles MSA.
Partly Built Oakland Apartment Project Revived After Three Years
Oakland, Calif.–City Walk, an apartment development in downtown Oakland had been stalled for about three years.
DEAL OF THE DAY: HFF Obtains $26.5M Construction Loan for Downtown Apt. Development
Oakland, Calif.–The Los Angeles and San Francisco offices of HFF (Holliday Fenoglio Fowler L.P.) have arranged a $26.5 million construction loan for City Walk, a 264-unit, transit-oriented multi-housing project in Oakland, Calif.
DEAL OF THE DAY: Mixed-Use Property Purchased at 7.2% Cap
Portland, Ore.–An investor has purchased the Box & One, two mixed-use buildings at 2724-2728 SE Ankeny, in Portland, Ore., for $1.7 million.
RealPage Executives Named in Broadband Properties MDU Technology Leaders Listing
Carrollton, Texas–The Broadband Properties MDU Hall of Fame recognized three RealPage Inc. executives for their contributions to multifamily broadband services. Steve Winn, RealPage chairman and CEO, and Henry Pye, vice president of Velocity Advisory Services, are named as Top 25 Leaders, and Keith Dunkin, vice president of YieldStar & MPF Research, was recognized as one of 10 Rising Stars. The MDU Hall of Fame, a distinction bestowed every four years, is a list of people in the multi-dwelling unit (MDU) industry and its suppliers who led, or provided input to, forward-looking management and technology teams. Scott DeGarmo, president and CEO,…
New Affordable Seniors Housing Complex Opens in Las Vegas
Las Vegas–McKnight Senior Village II is restricted to residents 55 years and over.
San Francisco’s Arterra Condos Sell Out Despite Hard Times
San Francisco–Arterra, the first LEED silver residential high-rise in the city, has completely sold out.
Vintage Senior Living Opens Eight-Story Tower in Burbank
Vintage Senior Living has opened its 22nd location in Burbank.
Orange County Sees Apartment Market Stabilization
According to a report released this week by real estate investment specialist Marcus & Millichap, the Orange County, Calif. apartment market seems to arrived at a point of stabilization.
NWP Services Corporation Acquires Vertex Multifamily Services Division
NWP Services Corporation (NWP) today announced the acquisition of Multifamily Services Division (CBSI) from Vertex Business Services.