Western

Third Thyme in Los Angeles
CaliforniaFinanceNewsWestern

JLL Arranges $11.8 Million Financing for Affordable Housing Community in Los Angeles

by Channing Hamilton

LOS ANGELES — JLL Capital Markets has arranged $11.8 million in forward permanent financing for Third Thyme, a 104-unit affordable community in Los Angeles. Anson Snyder led the team that secured the 15-year, fixed-rate Freddie Mac loan on behalf of the borrower, West Hollywood Community Housing Corp. The loan will be serviced by JLL Real Estate Capital. Third Thyme is located at 1441 W. 3rd St. on a 14,866-square-foot site. The property will utilize 9 percent Low-Income Housing Tax Credit and public funds. Income restrictions were not disclosed.

Continue Reading
0 FacebookTwitterLinkedinEmail
Dobson Station in Mesa, Arizona
ArizonaDevelopmentFinanceNewsWestern

StarPoint Properties Secures $52 Million to Develop Dobson Station in Mesa, Arizona

by Channing Hamilton

MESA, ARIZ. — StarPoint Properties has procured $52 million for the construction of Dobson Station, a 245-unit community in Mesa. Jeff Sause, Wyatt Strahan and Elle Miraglia of JLL Capital Markets arranged the construction financing for the project through a debt fund. Dobston Station will rise four stories and offer studio, one- and two-bedroom units. Amenities will include a fitness center, clubhouse, coworking facility and community kitchen. On-site parking will include a mix of tuck-under and grade-level parking. Development is slated for completion in 2024.

Continue Reading
0 FacebookTwitterLinkedinEmail
921-927 S. Trident St. in Anaheim, California
CaliforniaInvestment SalesNewsWestern

CBRE Brokers $4.3 Million Sale of a 12-Unit Property in Anaheim, California

by Channing Hamilton

ANAHEIM, CALIF. — CBRE has arranged the sale of a 12-unit property at 921-927 S. Trident St. in Anaheim. The property traded hands between two private investors in a 1031 exchange. Dan Blackwell, Andrew Boukather and Sean Farag represented the buyer in the transaction. The property was constructed in 1962 and comprises two buildings on a 0.4-acre site. Units come in two- and three-bedroom layouts. Units were recently renovated with new baseboards and blinds, updated showers, plank flooring and new cabinets and countertops.

Continue Reading
0 FacebookTwitterLinkedinEmail
Rise Koreatown in Los Angeles
CaliforniaFinanceNewsWestern

Greystone, Affinius Arrange $172 Million Refinancing for Rise Koreatown in Los Angeles

by Channing Hamilton

LOS ANGELES — Greystone Commercial Capitaland Affinius Capital have brokered a $135 million mortgage loan for the refinance of Rise Koreatown, a high-rise community in Los Angeles’ Koreatown neighborhood. Greystone and Affinius Capital arranged a syndicated funding, which originates institutional structured commercial mortgage loans including subordinate debt for all major property types. The property was built in February 2023 by Rescore Property Group, a private REIT and affiliate of Encore Capital Management. Rise Koreatown comprises 363 units and 47,417 square feet of retail space on a 2.3-acre site.

Continue Reading
0 FacebookTwitterLinkedinEmail
Affordable HousingCaliforniaInvestment SalesNewsWestern

BRIDGE Housing Acquires Eaves Daly City Near San Francisco

by Channing Hamilton

DALY CITY, CALIF. — BRIDGE Housing has acquired Eaves Daly City, a 195-unit community in Daly City, 10 miles south of San Francisco. Built in 1972, the property offers 11 two- and three-story buildings across 8.2 acres. Units come in studio, one-bedroom and two-bedroom layouts. Amenities include a pool, spa and fitness center. BRIDGE Housing plans to preserve at least half of the units in perpetuity for residents earning up to 80 percent of the area’s median income. Currently, the units have no income restrictions. BRIDGE Housing also plans to …

Continue Reading
0 FacebookTwitterLinkedinEmail
Staci Court Apartments in Redlands, California
CaliforniaInvestment SalesNewsWestern

Marcus & Millichap Brokers $53.4 Million Sale of Three Properties in Southern California

by Channing Hamilton

RIALTO, CORONA AND REDLANDS, CALIF. — Marcus & Millichap has arranged the $53.4 million sale of a three-property multifamily portfolio in the Inland Empire region of Southern California. Alexander Garcia and Bill Roblero represented the buyer, Clear Capital LLC. The portfolio includes: Rialto Breeze Apartments, a 98-unit asset in Rialto; Parkview Manor Apartments, a 76-unit property in Corona; and 60-unit Staci Court Apartments in Redlands. Rialto Breeze Apartments was built in 1985 on five acres. The community includes amenities such as a pool and laundry facilities. Parkview Manor Apartments was …

Continue Reading
0 FacebookTwitterLinkedinEmail
CaliforniaInvestment SalesNewsPeople NewsWestern

Blake Rogers and Alex Caniglia Return to JLL Capital Markets

by Channing Hamilton

LOS ANGELES — Blake Rogers and Alex Caniglia have re-joined JLL Capital Markets as multifamily investment sales producers. Rogers will serve as a senior managing director in the Los Angeles office and lead the greater Southern California multifamily team. He will also join the National Multifamily Housing Council. Caniglia will join as a Managing Director in the San Diego office. Both Rogers and Caniglia spent the last three years with Walker & Dunlop, focusing on multifamily investment sales throughout Southern California. Prior to those roles, they both worked at JLL …

Continue Reading
0 FacebookTwitterLinkedinEmail
CaliforniaNewsPeople NewsWestern

Michael Wesson Rejoins Pearlmark as Managing Director

by Channing Hamilton

IRVINE, CALIF. — Michael Wesson has rejoined Pearlmark as a managing director. In this role, Wesson will focus on debt investment originations. He also opened Pearlmark’s office in Irvine. Wesson joins Pearlmark from CIBC, where he held numerous roles across nine years in New York and Newport Beach. Prior to working at CIBC, Mr. Wesson served as a vice president at Rockwood Real Estate Advisors. He is returning to Pearlmark, where he started as an analyst and rose to vice president prior to joining Rockwood. He received a Bachelor of …

Continue Reading
0 FacebookTwitterLinkedinEmail
Haven at Midtown in Phoenix
ArizonaInvestment SalesNewsWestern

WhiteHaven Acquires Clarendon Park Apartments in Phoenix for $37 Million

by Channing Hamilton

PHOENIX — WhiteHaven has purchased Clarendon Park Apartments, a 138-unit community in Phoenix, for $37 million. The company rebranded the property as Haven at Midtown. Built in 2002, Haven at Midtown offers studio, one- and two-bedroom units. Amenities include a pool with a grilling area, a gym, internet access, a dog park, garages and covered parking. Greystar will be the property manager for this asset.

Continue Reading
0 FacebookTwitterLinkedinEmail
Vista Ridge Apartments in Reno, Nevada
Investment SalesNevadaNewsWestern

Marcus & Millichap Brokers $76 Million Sale of Vista Ridge Apartments in Reno, Nevada

by Channing Hamilton

RENO, NEV. — Arthur Vista Ridge has sold Vista Ridge Apartments, a 324-unit asset in Reno, to Tilden Properties and IDEAL Capital Group for $76 million. Kenneth Blomsterberg, Ryan Rife and Daniel Winrod of Marcus & Millichap represented the seller and procured the buyer. Vista Ridge Apartments was built in 1996 on 19 acres. The community offers one-, two- and three-bedroom apartments. Units feature vaulted ceilings, and washers and dryers. Amenities include a fitness center, business center, pool and tennis and basketball courts. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts
©2025 France Publications, dba France Media Inc.