California
Flats at West Village Targets Moderate-Income Homebuyers
Trumark Homes has kicked off sales of its inaugural affordable housing community in Brea, the Flats at West Village, developed… Read more
Intracorp Answers Call for Housing in Claremont
A five-acre land parcel in Claremont is slated as Intracorp Homes’ newest housing development. The 96-home community will include a… Read more
San Diego Life Sciences Cluster Secures 2.2M+ SF in Leases
Amid the pandemic, strong tailwinds produced accelerating growth within the national life sciences sector, according to a report by JLL.… Read more
Despite COVID, Lending Takes Off in the West
Highland Realty Capital ended 2020 with $243 million in fourth-quarter financings. And, in an otherwise challenging year, the company completed… Read more
Multifamily Taps into Void in Single-Family Affordability
Waterton cited a strong relative value for residents priced out of the single-family home market as a key factor in… Read more
Drawbridge Completes $148M Refi at Opportune Time
Drawbridge Realty recently completed the refinancing of a $148.85 million credit facility secured by four fully leased commercial properties. Though… Read more
Recent Multifamily Buy Boosts Bell’s Profile to Three Seattle Assets
A recent acquisition represents Bell Partners’ third owned community in the Seattle metro area and continues the firm’s expansion on… Read more
12 Bay Area, Sacramento Multifamily Assets Close at $535M
In the fourth quarter of 2020, 12 assets totaling 1,552 units closed with a value of $535.165 million. The transactions… Read more
Second of Three Multifamily Projects Complete in Santa Ana
Architectural firm AO and multifamily developer Alliance Residential recently completed Broadstone Archive, a 403-unit rental community located in Santa Ana.… Read more
We’re Looking for More of the Industry’s Top Brokers
Although response to date has been positive for our fourth annual call for Top Broker Award nominations, we’re looking for… Read more
Newmark Merrill Promotes Brent Sherman to Regional PM
NewMark Merrill Companies Inc. recently promoted Brent Sherman to regional property manager. Most recently, he served as portfolio manager. Sherman… Read more
California’s Vaccination Schedule Prioritizes 65+ and Essential Workers
This week, California Gov. Gavin Newsom announced a series of improvements to the state’s vaccination plan. Incorporating lessons learned, these… Read more
IMG Snags Sandy Springs Apartments for $43M
Investors Management Group has acquired Veridian at Sandy Springs, a 272-unit multifamily community in Sandy Springs. The sales price was… Read more
Clock is Ticking on California Eviction Moratorium
The clock is ticking on the statewide eviction ban, which expires on January 31. Governor Gavin Newsom and state lawmakers… Read more
Industrial Dominates, Multifamily is Mixed and Office is Pessimistic
The pandemic-related recession is having a mixed effect on California commercial real estate sectors, as this particular downturn is not… Read more
10-Property Seniors Portfolio Picks Up $222M Fannie Mae Loan
PGIM Real Estate recently arranged a $222-million Fannie Mae credit facility on behalf of the partnership of Blue Moon Capital… Read more
Casa Anita is SB Real Estate’s Second West Valley Acquisition
Casa Anita Apartments – a 224-unit multifamily community located in the West Valley submarket of Phoenix – was recently acquired… Read more
Escondido Multifamily is Well-Positioned for Renter Demand
Garden View Apartments in Escondido will continue to be a strong, stabilized investment in one of the region’s top-performing markets.… Read more
MetroNational Adds Chief Creative Officer
MetroNational, the Houston-based privately-held real estate investment, development, and management company, has hired David Glover as chief creative officer. In this executive… Read more