Buchanan Street Partners Purchases Recently Completed Luna Bella Community from Milestone A Lafayette apartment complex has sold for $60.25 million to a California firm in the first major apartment sale of the year for the area. Luna Bella, constructed in 2015 by Milestone Development Group, sold to Buchanan Street Partners,...
OC Community Foundation Holds Annual Meeting Nearly 700 philanthropists and business leaders discovered how their charitable passions can change their communities at Orange County Community Foundation’s 2017 Annual Meeting. Addressing the sold-out Nov. 8 event at Hotel Irvine, OCCF President Shelley Hoss announced that the Newport Beach-based Foundation’s assets grew...
Newport Beach-based Buchanan Street Partners has closed a $20.8M construction loan to a developer for Newhall Crossings, a mixed-use project in downtown Newhall in the Santa Clarita Valley. Buchanan officials did not disclose the name of the developer, but multiple media outlets have previously reported the developer of the project...
Newport Beach, Calif. (December 11, 2017) – Buchanan Street Partners closed on a $20.8 million construction loan for Newhall Crossings, a mixed-use project with 47 apartment units and 20,164 SF of retail space in Santa Clarita, California. The project will anchor a significant redevelopment in historic Old Town Newhall, a...
Tracking the trend of increasing alternatives allocation is worth a longer look, as it is indicative of a shift by HNW investors and will result in increased capital flows into real estate. The rethinking of traditional investment allocations is causing high-net-worth (HNW) investors to seek ways to diversify their investment...
Borrowing and lending for commercial real estate deals is hardly dead in the water, but it is not as active as it was only a year or two ago, as interest rates have crept up and transaction volumes are down. Essentially, there is a more conservative mood in the capital...
What are the market cues that can help pick opportunities that will generate returns that align with portfolio goals? As high-net-worth (HNW) investors and family offices look to increase their portfolio allocations in real estate, the multifamily sector continues to offer attractive investment opportunities. HNW investors demanding predictable cash flows...
Developers should build in markets that will absorb new construction pipelines adequately because, in some markets, rents are now softening as supply is exceeding demand, Buchanan Street Partners’ Tim Ballard tells GlobeSt.com. NEWPORT BEACH, CA—Apartment developers should make sure to build in markets that will absorb new construction pipelines adequately...
Buchanan Street Partners have purchased a bank-owned multifamily project from Key Bank and Bank of the West. Cushman & Wakefield represented the sellers of the property, which is a partially completed, 298-unit, age-restricted apartment community in Herriman, Utah. Buchanan Street plans to carry out a $25m construction project on the...
Company to Complete Construction on Partially-Built Age-Restricted Housing Project in Salt Lake County, Utah Market Newport Beach, Calif. and Herriman, Utah (September 11, 2017) – Buchanan Street Partners announces the acquisition of a bank-owned REO, a partially completed 298-unit age-restricted apartment community in Herriman, Utah. This transaction represents a programmatic...
