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McCormick Construction

McCormick Construction Announces Groundbreaking of Evolution Warner Center Multifamily Development

McCormick Construction, in conjunction with developer, Evolution Strategic Partners, has announced the groundbreaking of Evolution Warner Center, a 277-unit luxury residential multifamily development. The 426,000-square-foot, transit-oriented development is located at 6606 N. Variel Ave. in the heart of the Warner Center neighborhood. Construction cost is estimated at nearly $60 million.
Rainbow Housing

Reliant Group Management, LLC Selects Rainbow Housing as Service Provider for Affordable Community in...

Rainbow Housing Assistance Corporation (Rainbow), a Phoenix-based nonprofit organization that provides service-enriched housing programs for residents of rental housing communities throughout the country, has been selected by Reliant Group Management as the service provider for La Palmilla Apartments, a 267-unit apartment complex located at 3838 West Camelback Road in Phoenix. The property was recently purchased by a new tax credit limited partnership sponsored by Reliant Group Management and will have all units restricted to households making 60 percent of the area median income.
Calmwater Capital

Calmwater Capital Originates $7.6 Million Loan for WSU Student Housing

Calmwater Capital, a leading national direct real estate lender, has provided $7.6 million in senior debt to Nelson Brothers Professional Real Estate, LLC to acquire and upgrade a student housing complex near Washington State University. The 184-bed property, known as College Crest Apartments, is located at 1555 NE Merman Drive in Pullman, Washington.

Orlando’s First Earth Fare to Anchor Luxury Mixed-Use Project

Crescent Communities, a leading developer in Orlando for more than 20 years, announced today the purchase of a 4.6-acre site slated for a walkable mixed-use development in Downtown Orlando. The site was formerly owned by Orlando Health. More...

Proffitt Dixon Delivers First Units at Peyton Stakes; Apartment community is first in Nashville...

Proffitt Dixon Partners, a Charlotte-based multifamily investment and development firm, said today Peyton Stakes is nearing completion in Nashville and their first residents began moving in last week. The apartment community is comprised of 249 units between two connected buildings.

The Bonifant at Silver Spring Opens in March; Lottery Held Nov 25 for 149...

Active seniors 62+ who want to live in downtown Silver Spring at The Bonifant have the opportunity to pre-qualify November 18-24 and secure their opportunity to apply for an apartment home in the 11-story mixed-income high rise. The $44 million development at 929 Bonifant Street is scheduled to open in early March, right next door to the new Silver Spring Library. It will offer the rare combination of affordability and convenience for residents, in addition to 6,300 square feet of retail space on the first floor.

Maxus Properties First Multifamily Location to Offer KCP&L Clean Charge Network Charging Stations

Maxus Properties is one of the first companies in the Kansas City area to offer car charging stations through the KCP&L Clean Charge Network for electric and hybrid cars. These easy to use charging stations have been installed at Province of Briarcliff, a luxury apartment community in the Northland. Car charging stations are just one of many efforts Maxus is implementing to provide sustainable apartment living to our residents. The variety of eco-friendly amenities will not only save residents money but also helps to protect our environment.

StarPoint Properties Acquires $51.75 Million Multifamily Property in West Covina

WASHINGTON, D.C. - November 19, 2014 - (RealEstateRama) -- StarPoint Properties, an industry leader in acquiring, developing and re-positioning multifamily projects, has purchased the $51.75 million Lafayette Parc Apartments in West Covina, California. The 236,000-square-foot property is comprised of 259 units and is located at 624 South Glendora Ave. The name of the seller was not disclosed.

RAINBOW HOUSING ASSISTANCE CORPORATION SUCCESSFULLY SIGNS SEVEN NEW CONTRACTS IN THE FIRST HALF OF...

PHOENIX - July 29, 2014 - (RealEstateRama) -- Rainbow Housing Assistance Corporation (Rainbow), a nonprofit organization that provides service-enriched housing programs for residents of rental housing communities throughout the country, signed seven new contracts bringing in more than 1,500 new units throughout Washington, California and Texas. Additionally in 2014, Rainbow added three new clients to its service portfolio as well as several service-oriented partners including the Texas Mobile Health Clinics Coalition, Colgate Bright Smiles Dental, and Farmers Insurance Managing Information on Lost Kids (MILK) program. These new contracts and partnerships signal an increased growth that continues from 2013 when Rainbow added to its portfolio more than 19 new communities and 2,194 units across four different states.

harles Dunn Company Completes $7.85 Million Sale of Multifamily Property in Los Angeles,...

LOS ANGELES, Calif. - June 27, 2014 - (RealEstateRama) -- Charles Dunn Company, one of the largest full-service regional real estate firms in the western United States, has completed the $7.85 million sale of a 17-unit multifamily property located at 1520-1522 South Hayworth Ave. in the Faircrest Heights neighborhood of Los Angeles, Calif. The property sold for nearly $462,000 per unit, a record high price for the neighborhood (per CoStar for multifamily properties with eight units or more)

Charles Dunn Company Names Brian Sterz as Associate of Investment Sales with Team Stepp

LOS ANGELES, Calif. - June 19, 2014 - (RealEstateRama) -- Charles Dunn Company, one of the largest full-service regional real estate firms in the western United States, has named Brian Sterz as associate of investment sales out of the firm’s Century City office. He joins Team Stepp, one of Charles Dunn’s top performing brokerage teams, led by senior managing director, Kimberly Roberts Stepp. In his new role, Sterz will focus on the sale and exchange of multifamily real estate within Santa Monica and prime Westside Los Angeles locations.

Charles Dunn Company to Market Historic Mixed-Use Tower in Downtown Los Angeles

LOS ANGELES, Calif. - June 11, 2014 - (RealEstateRama) -- Charles Dunn Company, one of the largest full-service regional real estate firms in the Western United States, has been selected to market National City Tower, a historic adaptive reuse development that includes 93 residential lofts, as well as ground floor and basement retail space. Built in 1924 and redeveloped in 2008, the 12-story, 118,162-square-foot property was the former branch of National City Bank. The property is being offered at $45 million and has a projected initial capitalization rate of 4.7 percent

Led By Multifamily, Improvement Seen in All Commercial Real Estate Sectors

WASHINGTON, D.C. - May 27, 2014 - (RealEstateRama) -- The outlook for all of the major commercial real estate sectors is slightly improving despite disappointing economic growth during the first quarter of 2014, according to the National Association of Realtors

BH Properties Continues Southwest Growth with Acquisition of Papago Crossing

LOS ANGELES/PHOENIX - March 25, 2014 - (RealEstateRama) -- BH Properties, a Los Angeles-based firm that specializes in acquiring and repositioning challenged or distressed real estate properties, has purchased the Papago Crossing apartments in Phoenix for $8.1 million. The move further advances the firm’s investment strategy in the region.

Lee & Associates-LA North/Ventura, Inc. Announces New National Institutional Multifamily Group

WASHINGTON, D.C. - October 16, 2013 - (RealEstateRama) -- Lee & Associates-LA North/Ventura, Inc., a member of the Lee & Associates group of companies, the nation's largest broker-owned commercial real estate provider, has announced its newest addition to the national institutional multifamily sector, Fisher|Berzack Institutional Advisors. With a track record of $5 billion in sales, the group offers specialized brokerage expertise exclusively for institutional clientele, leveraging top-tier talent, a tremendous knowledge base and a vast network of relationships along with Lee & Associates' national platform and extensive resources

Request for Qualifications – Small Multifamily Lending Program

WASHINGTON, D.C. - September 25, 2013 - (RealEstateRama) -- The Connecticut Housing Finance Authority is seeking qualified CDFIs to combine CHFA loan funds with their own loan products for financing small multifamily housing developments. Properties f...

Lee & Associates Closes $7.7 Million Multifamily Sale in Panorama City

Torrance, CA - June 18, 2013 - (RealEstateRama) -- Senior Vice President Han Widjaja Chen of Lee & Associates, one of the largest broker-owned commercial real estate firms in the country, has closed the $7.75 million sale of an 81-unit multifamily...

Dave Lindahl’s All Day Event with Multi-Family Investing Secrets

WASHINGTON, D.C. - June 11, 2013 - (RealEstateRama) - June 15, 2013. 9:00 am to 5:00 pm Courtyard Marriott 4 Sabethe Drive, Cromwell, CT This is Just Some of What We'll Cover In Our Day Together..

Newmark Grubb Knight Frank with Lee & Associates Closes $5 Million Multifamily Sale

WASHINGTON, D.C. - May 10, 2013 - (RealEstateRama) -- Lee & Associates, one of the largest broker-owned commercial real estate firms in the country, with Newmark Grubb Knight Frank has closed a $5 million multifamily sale at 421-425 Mission St.

BH Properties Acquires Terrace Park Apartments For $6.2 Million

WASHINGTON, D.C. - May 7, 2013 - (RealEstateRama) -- B.H. Properties LLC, a Los Angeles-based commercial real estate investment firm, has purchased the 214-unit Terrace Park Apartments for $6.2 million

Recent Gov & Nonprofit Real Estate Press Releases

FEMA

FEMA Offers Free Rebuilding Tips at Local Home Improvement Stores

Disaster survivors affected by the severe storms and floods from Tropical Storm Imelda, can visit local home improvement stores in Houston, Pasadena and Webster for rebuilding tips from mitigation experts.