from today's California Real Estate Journal In Sites (9/26):
AvalonBay Communities Secures $135 Million Through Bond Allocation
"SAN FRANCISCO - AvalonBay Communities Inc., the developer of a multifamily project in Contra Costa, secured a total of $135 million in bond funds.
The state issued $10 million in tax-exempt multifamily housing revenue bonds, and remarketed $116 million in tax-exempt and $9 million in taxable multifamily housing revenue bonds, proceeds of which will be lent to AvalonBay for the construction of the 422-unit Avalon Walnut Creek at Contra Costa."
for the complete story
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