Sacramento

Asset With Highest Rents In Town Sells For $22M

DEAL-WRAP SACRAMENTO-L Street Lofts, a mixed-use, fractured condominium project, sells with just 10 units being leased for $2.50 per square foot, the highest rental rate in the midtown area. FULL STORY

CalSTRS Takes Over LCOR for $820M

WEST SACRAMENTO, CA-Along with an almost 5,000-unit apartment portfolio, former Lehman partner LCOR also brings development abilities to the locally based investment giant. FULL STORY

RDA Dissolution Fog Won’t Clear Before Fall

SACRAMENTO-Authorities say the state assembly’s recent decision to disband California’s redevelopment agencies has created an arduous task for oversight boards and successor agencies to determine what will happen to redevelopment projects in the pipeline. FULL STORY

Kennedy Wilson and Partners Pay $64M for 409 Units

SACRAMENTO-The firm continues to pursue higher density infill projects near a major transportation hub and job centers that support 100,000 office and government workers. FULL STORY

CBRE Arranges $23M Student-Housing Financing

DEAL-WRAP SACRAMENTO, CA-CBRE Multifamily Capital Inc. has arranged financing for the Element, a 288-unit, 792-bed student-housing community located here at 6730 4th Ave. FULL STORY

Deal Closers and Deal Killers

Practical Counsel It's an open secret that some lawyers are deal killers, not deal closers. Here are a few hints so you can tell the difference. FULL STORY