Walker & Dunlop Closes $168M Refinance for Santa Clarita Community Park Sierra
Walker & Dunlop, Inc. announced that it has arranged a $168 million loan to refinance Park Sierra, a 776-unit, Class B, garden-style apartment building in Santa Clarita, California.
The financing was arranged by Walker &...
Marcus & Millichap Capital Corporation Arranges $21.75M Financing for Seattle Multifamily Property Tellus on...
Marcus & Millichap Capital Corporation (MMCC), a leading provider of commercial real estate capital markets financing solutions, arranged $21.75 million for the refinancing of Tellus on Dexter Apartments, a luxury 98-unit multifamily property located...
Tightened rent control proposed in California
Assemblyman Ash Kalra (D-San Jose) has introduced AB 1157, which would tighten the provisions of California’s statewide rent control regime, which was introduced in the Tenant Protection Act of 2019. It would reduce the...
The Roxborough Group and Camden Pacific Partners Close on $81.6M Acquisition of The Union...
Affiliates of The Roxborough Group LLC (“Roxborough”) and Camden Pacific Partners, LLC announce the acquisition of The Union Flats, a 243-unit, BART-adjacent apartment community in Union City, CA.
The property features a mix of junior-one-bedroom, one-bedroom, two-bedroom...
NewPoint Closes $82M Fannie Mae Loan for Acquisition of Southern California Affordable Housing Community...
NewPoint Real Estate Capital (“NewPoint”) announced the closing of an $82 million Fannie Mae loan to facilitate the acquisition of Park Vista Apartment Homes, a 392-unit garden-style affordable housing community in Anaheim, California. The...
The Integrated Senior Foundation Has Obtained $240M in Tax Exempt and Taxable Bond Financing...
JLL and HJ Sims are teaming up on a major financing deal for a senior housing developer and operator. The two firms have arranged approximately $239.7 million in tax-exempt and taxable bond financing on...
FPA Multifamily Spends $18M on The Hills a Thousand Oaks Apartment Community
FPA Multifamily closed on the purchase of The Hills, a 52-unit multifamily in Thousand Oaks. The property, located at 850 Warwick Ave, was sold by Interstate Equities Corporation in an $18.2 mil ($350k/unit).
The property...
Work Gets Underway on 96 Unit Affordable Housing Project Rose Hill Courts in the...
Work has begun on phase II of Rose Hill Courts, a 96-unit affordable housing project in Los Angeles. The third phase is being built by R.D. Olson Construction on behalf of Related California Properties...
$58M Financing Secured for Quail Park of Lynnwood a Washington Seniors Housing Community
JLL Capital Markets announced that it has arranged $58 million in financing for Quail Park of Lynnwood, a 253-unit seniors housing community in Lynnwood, Washington.
Working on behalf of the borrower, IRA Capital, JLL placed...
CBRE Facilitates Sale of 14-Unit Multifamily Property England Street in Huntington Beach for $8.75M
CBRE announced the sale of a 14-unit multifamily property at 2512-2518 England Street in Huntington Beach, California in an off-market transaction for $8.75 million.
CBRE’s Dan Blackwell and Mike O’Neill represented both the buyer, a...
JLL Arranges the Loan for a Multifamily Property North Park Nest in San Diego...
JLL Capital Markets announced that it has secured a $10.1 million bridge financing for North Park Nest, a 39-unit multifamily property in San Diego, California.
North Park Nest, located at 4233 Kansas Street in San...
Gantry Secures $11M Permanent Loan to Refinance Washington Multifamily Community Grandview Place Apartments
Gantry, the largest independent commercial mortgage banking firm in the U.S., has secured a $11 million permanent loan to refinance maturing debt for the Grandview Place Apartments located in Camas, a suburb of East...
Wells Fargo Provides $163M Construction Financing on Bay Area Affordable Housing Complex Midway Village
Wells Fargo has provided a total of $162.9 million in financing for Midway Village Phase 2, the new construction of the second phase of Midway Village located in Daly City, south of San Francisco,...
American Assets Trust Acquires 192-Unit San Diego Multifamily Property Genesee Park
American Assets Trust purchased Genesee Park, a 192-unit residential community at 3625 Earnscliff Place in San Diego. The price was not disclosed.
Located in the coastal community of Clairemont, Genesee Park is just four miles...
New Luxury Residential Community Millennium Apartments Completed in Palm Desert
Millennium Apartments, a new 330-unit luxury multifamily apartment community in Palm Desert, has been completed and has now opened to the public. The development is owned by Metonic Real Estate Solutions.
The community features studio, one-,...
