Multifamily

CONCORD, CA—Acquisition and construction financing of $72 million was acquired for both phases of Renaissance Square, with a 15-year term of three years interest only, followed by a 30-year amortization schedule, GlobeSt.com learns in this <b>EXCLUSIVE</b>.

SAN DIEGO—Synergies between the two regions in terms of cap rates and apartment-building size make San Diego the logical place for ABI Multifamily to expand its services, two of the firm's top executives tell GlobeSt.com <b>EXCLUSIVELY</b>.

MARINA DEL REY, CA—Creative office is the sweeping trend in the office market, but now, California Landmark is creating a luxury multifamily complex to match with its new $30 million D1 development.

HOUSTON—Despite demand being slightly reduced because of oil prices, a multifamily builder says it cannot build townhomes fast enough in the Hadley Building, and will run out of inventory before delivery.

WASHINGTON, DC--Besides making Golden Triangle better connected, the new technology will help the BID maintain the area, BID Director Leona Agouridis tells GlobeSt.com.

LOS ANGELES—High barriers to entry, strong demand and great fundamentals, has created a perfect storm in the Burbank-Glendale market for multifamily investors, GlobeSt.com reports in this EXCLUSIVE story.

SAN DIEGO—There is a significant difference between what a new apartment project costs to build or buy today and the pricing on 1970s and 1980s vintage projects, which can typically be acquired for well below replacement costs, Pathfinder's Lorne Polger tells GlobeSt.com <b>EXCLUSIVELY</b>.

CHARLESTON, SC—Greystar CEO Bob Faith calls the Asian multifamily joint venture with Macquarie Capital “a natural extension” of the vision with which he founded the company in the early 1990s.