Multifamily

Industrial might be the first asset class to come to mind when you think of the South Bay, but multifamily investors are highly active in the market.

Mesa West Capital originates the loan in short-term first-mortgage debt to refinance two new luxury complexes developed and owned by Sunroad Enterprises in the 40-acre master-planned community Sunroad Centrum.

Here's a look at the latest news, announcements and deals that you may have missed in Alaska, Washington, Oregon, Idaho, and Northern California.

The question for this year is “how much more steam is left in the market, whether the deceleration will continue or if it will level off or turn negative,” says Yardi Matrix.

The multifamily market is set for another strong year, thanks to tremendous consumer demand for the asset class and competition from major capital providers.

A large portion of Frisco Square has sold to an affiliate of Maxus Realty Trust, including three office and two multifamily buildings, all with ground-floor retail, a Cinemark Theatre and land development sites.

“Property pricing as a whole ended the year where it started it, but performance in 2017 really depended on the type of property,” says Peter Rothemund with Green Street Advisors.

Here is a roundup of the latest leases, sales and other transactions in the Northeast middle markets.