Development

Markets were you can create density are on the top of developers lists for building middle-market apartment product.

Westcore Properties executes a multi-level value-add strategy at 999 W. Town and Country Rd. here that involves entitling and selling a parking lot for apartment development, renewing an office lease and building a dedicated parking structure.

The real estate development and investment firm receives a $78 million loan to build a mixed-used apartment and retail project in Williamsburg.

Housing scarcity remains as there are only 711 unsold new condominiums in the San Francisco market, leaving a 2.2-month supply of remaining inventory, according to Polaris Pacific's latest research report.

Starting off the year strong, Urban Offerings and ESI Ventures place $122 million in JV equity and bridge financing to develop a 250,000-square-foot creative office property in Downtown Los Angeles, GlobeSt.com reports EXCLUSIVELY.

Developer Oram Hotels receives a $36.55-million loan for the continued renovation and development of Downtown San Diego's historic 500 West Broadway building into an upscale boutique hotel.

Throughout the sales process, the goal was to find a buyer who shared the same vision in developing a new building on the site, while concurrently keeping the integrity of the overall shopping center.

Q4's slight vacancy rise stems from “an increase of supply and a slight loosening in the tightness of the market as we have closed in on the previous cyclical low,” says Spencer Levy at CBRE.