Sunday, September 15, 2019

Pacific region

Pacific region includes: Alaska, California, Hawaii, Oregon and Washington

Ledcor Development breaks ground on Phase II of Hercules Bayfront apartment community

Ledcor Development LP announced today the groundbreaking of The Grand in Hercules. Set to open Spring 2021, The Grand is adjacent to The Exchange, which broke ground last Fall and has plans to open...

Investor’s latest sweetheart: workforce housing

There is expected demand for an additional 4.5 million new apartments in the U.S. by 2030, according to data from the Workforce Housing Committee of the National Multifamily Housing Council, Washington. What’s more, deal activity...

Wind at our back

The new tax system, which was reformed for the first time in 32 years in December, strips away some of the long-standing benefits that would incentivize Americans to become homeowners. “This is definitely a tailwind...

The push for rent control

In November 2018, election ballots in California might include a question on rent control. Right now, California law restricts the spread of rent regulations on housing built after 1995, in addition to many older...

The high cost of incivility

The nasty looks and belittling comments reached a point at law firm Bryan Cave, in Irvine, Calif., that the partners held a civility workshop. Managing partner Stuart Price says working together toward a common goal...

Legacy Partners and AIG joint venture close on Hayward development site

Legacy Partners (Legacy), a privately owned national real estate firm, in a joint venture with American International Group, Inc., announced today the acquisition of a 1.78-acre development site located at 28168 Mission Boulevard in...

The Wolff Company announces development of modern senior living community in Kirkland

The Wolff Company—a Scottsdale-based private equity firm and senior living developer will soon break ground on Revel Kirkland, a contemporary active senior living apartment community located on the 12-acre former LifeBridge Church site in...

New KTGY-designed mixed-use transit-oriented development with apartments and retail in South San Francisco moves...

International award-winning KTGY Architecture + Planning announced today that the new KTGY-designed mixed-use community at 988 El Camino Real in South San Francisco developed by SummerHill Apartment Communities received unanimous approval by the City...

Wag! and Greystar bring on-demand dog walking and sitting to six Los Angeles apartment...

Wag!, the country’s largest on-demand mobile dog walking and dog care app, today announced that it will provide its services and custom amenities to residents of six Los Angeles apartment communities managed by Greystar. This alliance...

Forest City: Deal or no deal?

Forest City Residential Group (Forest City Realty Trust), no. 26 on NHMC’s top 50 apartment owners for 2017, would not confirm/deny rumors that the company is in talks with Toronto-based Brookfield Asset Management in...

California’s answer to its housing crisis

With high demand on top of inadequate supply, the meaning of “affordable” in the most desirable locations can be difficult to gauge. According to the U.S. Department of Housing and Urban Development (HUD) definition,...

Why millennials are (partly) to blame for the housing shortage

The rush of young people to U.S. cities over the past few years is partly to blame for America’s worsening housing shortage. In some of the country’s largest and most prosperous markets, such as New...

TruAmerica acquires multifamily communities in Denver and Orlando in separate transactions totaling $126 million

TruAmerica Multifamily has acquired in separate transactions, Loretto Heights, a 312-unit apartment community in Denver, CO for $72.25 million and Legends at Lake Mary, a 272-unit apartment community in Orlando, FL for $54 million. Following...

The Wolff Company announces plans to develop new senior living community in Hillsboro

The Wolff Company—a Scottsdale-based private equity firm and senior living developer—will break ground later this year on Revel AmberGlen, a new independent living apartment community in the Tualatin Valley on the west side of...

JEMCOR Development Partners begins construction on 171 new mixed-income, transit-oriented apartments in Livermore

JEMCOR Development Partners today announces the groundbreaking for Ageno Apartments, a 171-unit, mixed-income, transit-oriented development located at South Vasco Road and Brisa Street in Livermore, Calif. Ageno Apartments marks the final construction phase in...
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