MONTCLAIR, CA-Canyon-Johnson Urban Fund hasmade a $25.7-million equity investment in a joint venture with anaffiliate of GLJ Partners for the acquisition anddevelopment of a fully entitled 15.4-acre redevelopment site forthe Paseos, an infill transit-oriented apartment developmenthere.
The Paseos, which is slated for ground-breaking in the summer of2012, will consist of 18 low-rise buildings with 385 units, rangingin size from studios to three bedrooms. The property includinga strong in-fill location, robust market demand for quality rentalhousing, and support from the City of Montclair which issuedbuilding permits for the project last week, according to a preparedstatement.
GlobeSt.com exclusively learns that George SmithPartners arranged $25 million in joint venture equity forthe acquisition on behalf of Carlsbad, CA-based GLJ Partners.According to Malcolm Davies, VP of GSP, GLJ isexpanding its multifamily platform in Southern California.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
