Multifamily

Century West Partners and Fifield Cos. has shifted away from high-rise urban-core apartment developments to semi-urban mid-rise projects.

In its second quarter financial announcement, the company revealed that on Monday (Aug. 5) it secured a $150-million mortgage on its 111 River St. office building in Hoboken, NJ.

The recently completed 387-unit luxury rental development at 10400 Southwest City Center Blvd. is part of Pines City Center, a 47-acre master-planned village featuring approximately 300,000 square feet of lifestyle-oriented retail, entertainment and restaurant space.

The tech talent pool in Los Angeles is the third largest on the West Coast, behind only San Francisco and Seattle.

Despite high demand for housing, Phoenix is seeing modest apartment rent growth.

The investor buys 192 units in a 360-unit condo building with plans to upgrade the interiors.