West
Colliers Directs $9.25M Note Purchase From China Trust Bank
Colliers International has directed the notes sale of a 51,729-square-foot multifamily property at 18557 Saticoy Street in Reseda, Calif. The sale is valued at $9.25 million.
Western National Properties’ 195-Unit Rental Community is Nearing Completion
Western National Properties is currently developing a 195-unit multifamily project in the Woodland Hills neighborhood of Los Angeles, which is nearing completion. This project is the first development with the firm’s second private equity fund, Western National Realty Fund II, L.P. The ground-up multifamily development, The Enclave at Warner Center, features a195-unit, four-story apartment complex wrapped around a five-and-a-half story parking structure.
MARKET SNAPSHOT: Leasing Activity Increases in Denver
Overall leasing activity in Denver reached a near-record high during the third quarter of 2009, according to Grubb & Ellis’ Multi-Housing Trends Report—Third Quarter 2009.
Economy Watch – California Incentivizes Green Rooftops
Gov. Arnold Schwarzenegger was busy over the weekend signing off on policies that could have an impact on green real estate development. Among other things, he signed a memorandum of understanding with U.S. Secretary of the Interior Ken Salazar to expedite the siting of California renewable energy projects, thus making California the first state to do so. The memorandum commits the federal government to work with California to review and approve renewable energy applications in the state.
TODAY’S DEAL: Marcus & Millichap Arranges Sale of 136-Unit Rental Property for Over $33M
Marcus & Millichap Real Estate Investment Services has brokered the sale of Waterstone Millbrae, a 136-unit, 114,440-sq.-ft. multifamily property in Millbrae, Calif. The sale price of $33,782,500 represents $248,400 per unit and $295 per square foot.
TODAY’S DEALS: Alliant Capital Closes Two Loans Totaling Over $7M for Two Apartment Communities, and Other Transactions
Alliant Capital LLC recently completed the acquisition financing of Spring Lake in Seattle and the refinance of Misty Bayou Apartments in Houma, La., for a total of $7.7 million.
Nevada Latest State to Allow Apt. Owners to Offer Surety Bonds, Other Security Money in Place of Security Deposits
A new law affirms that apartment landlords throughout the state of Nevada can offer a surety bond or a combination of a surety bond and other security money as an option in lieu of a traditional security deposit as required by the landlord. A.B. 512 revises provisions relating to security deposits for the rental of real property (BDR 10-921). Both a security deposit and a surety bond as a security deposit alternative provide for the protection of the landlord.
- « Previous
- 1
- …
- 581
- 582
- 583