Walnut Creek Apartments Score Construction Funding

The 178-Unit Landing at Walnut Creek got $70M in JV equity to get built. HFF worked on behalf of the developer, BHV Centerstreet Properties, to source the equity from a US-based life insurance company. The project sits at Ygnacio Valley Road and Oakland Boulevard across from the Walnut Creek BART station. Due for completion in late 2016, the transit-oriented development will have four levels above a 223-space parking garage. Community amenities include a fitness center, yoga studio, roof deck with lounge and outdoor resident activity areas. The HFF equity placement team repping the developer was led by senior managing director Bruce Ganong and associate director Adam Simon.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's San Francisco Newsletters
Related Stories

Ruben Cos. Says It Can't Sell, Finance Navy Yard Multifamily Project

Troubled Multifamily Loans Face A Refinancing Problem: Who Puts In New Equity?

NYC Pushes To Use Opportunity Zone 2.0 For Mamdani's Housing Goals

DOJ Charges LA Nonprofit Workers With Misusing $8.7M Meant For Housing Aid

Bugatti Lends Brand To 60-Story Miami Condo Tower

With Occupancy Brimming, Investors Pile Into Bay Area Apartments

FBI Drops Investigation Into Financially Troubled StoryBuilt

GTIS Partners Rebrands As Brightshore Capital, Launches $250M Debt Platform

Stanford Pursuing $100M Fund For A 2M SF Expansion

Dublin BTR Had A €1B Summer

Sales Of Lower-End Apartments Surge In Philly As Landlords Face Financial Issues

Wu Proposes Tax Breaks To Jump-Start Stalled Housing Projects