Media Coverage

In Oakland, a Second Chance for a White Elephant

This year, after months of studying the project at what he described as “a granular level,” Frank Middleton, the western regional director for Wood Partners, an apartment developer in Atlanta, gave the go-ahead for his company to buy City Walk for $5 million, a fraction of its projected cost. Shortly afterward, Wood Partners resumed work on the project, which is expected to cost a total of $55 million to finish and is being partly financed by a loan from the City of Oakland.

San Diego Partners Acquire Desert Master-planned Community

INDIO, CA – Presidio Residential Capital has partnered with two other firms – Mana Investments and Touchstone Communities – to acquire Fiesta de Vida, a 656-acre master-planned community approved for 1,459 new homes on the edge of Palm Desert.

USAA, Crimson Real Estate complete sell of Austin office properties

The Admiral Capital Group, in partnership with USAA Realco, acquires value-add office, hotel, multifamily and retail properties valued between $15 million and $50 million. NBA Hall of Famer David Robinson and Dan Bassichis, a former executive with Goldman Sachs, founded the company.

CRA, Roxborough Group Sell Las Vegas Portfolio for $138M

The three apartment communities have a total of 1,194 units and were owned by the joint venture for almost three years. The portfolio reflected Roxborough’s primary investment strategy—focusing on workforce housing and the imbalances between low-cost housing and supply in areas where there is high job and net migration.

The Redevelopment of America’s Cities: Wood Partners Moves West

San Francisco Redux: High Density With A High-End Flair

Tower 16, Raith Capital Partners Buy Ascend on Glendale Apartments in Arizona

Tower 16 Capital Partners and Raith Capital Partners acquire 216-unit apartment community for well below today’s replacement rate. The partnership plans to invest $1 million in updates and rebrand to Obsidian on Glendale.