Regions West
KeyBank Closes 3 Loans for $25M for Assisted Living Communities
June 26, 2008

KeyBank Real Estate Capital closed three loans totaling $25 million for Emeritus Senior Living.  The assisted living portfolio is comprised of three properties: The Palms at Loma Linda, Springs at Oceanside, and Liberal Springs.  All three were Fannie Mae immediate funding loans with a 10-year fixed rate.  The Palms at Loma Linda, a 137-unit property built in 1989 in a suburb of Los Angeles, Calif.  Springs at Oceanside, a 114-unit property also built in 1989 is located near San Diego.  Liberal Springs is a 44-unit property built in 1994 and is located Liberal, Kan.


 
Recent West Headlines
AvalonBay Forms $950M Apartment Fund
Sept. 04, 2008
AvalonBay Communities Inc. has created a new fund that will focus on the acquisition and operation of apartment properties in high barrier-to-entry markets in the Northeast, Mid-Atlantic, Midwest, and on the West Coast.
Maguire Completes Second SoCal Office Sale in a Week
Sept. 03, 2008
Maguire Properties Inc. has closed the books on the disposition of City Plaza, a 324,000-square-foot office building in Orange, Calif. An entity owned by Hudson Capital L.L.C. took the property off Maguire's hands.
Frank Campbell Equity Office Repositions, Refurbishes SoCal Portfolio
Sept. 02, 2008
About 18 months after Equity Office Properties Inc. was acquired by The Blackstone Group, the company is still in existence with more than 300 properties totaling more than 50 million square feet.
Permanent Financing Totaling $21M Closes for Newport Beach
Aug. 29, 2008
While many of the details are being kept mum, permanent financing to the tune of approximately $21 million has been put in place for the 25-acre Hyatt Regency Hotel property in Newport Beach, Calif.
university gateway Clark Forges Ahead with $134M Contract for Student Housing Project in L.A.
Aug. 29, 2008
Clark Construction Group-California has commenced work on University Gateway, a 421-unit mixed-use student housing development in Los Angeles, just across from the University of Southern California.