Institutional Property Advisors Brokers Luxury Mid-Rise Multifamily Asset Sale of Glen 91 in Glendale
Institutional Property Advisors, a division of Marcus & Millichap, announced the sale of Glen 91, a 296-unit multifamily asset in Glendale, Arizona. The property sold for $76.5 million, or $258,446 per unit.
“The West Valley’s municipalities,...
Tower Capital Arranges $51.5M in Construction Financing for Phoenix West Valley BTR Development Skyview...
Tower Capital arranged $51.5 million in non-recourse construction financing for the development of Skyview by Zen, a 190-unit Build-to-Rent (BTR) community in Phoenix’s West Valley. Tower Capital’s Kyle McDonough, Managing Partner and Co-Founder, and...
JLL Brokers the Successful Sale of Corona Del Sol, a 64-unit Apartment Complex with...
JLL Capital Markets announced the $12.6 million sale of Corona Del Sol, a 64-unit, garden-style apartment complex in Phoenix, Arizona.
JLL represented the private high-net worth seller and sourced the buyer, KDF Communities.
Corona Del Sol is...
CPP Acquires Third Affordable Housing Property Elmore Roberts Apartments in Great Falls Montana
CPP (Community Preservation Partners), a mission-driven affordable housing preservation developer, has announced the acquisition and planned renovation of Elmore Roberts Apartments in Great Falls, Montana.
This is CPP's third project in Great Falls, following its acquisition...
Two New Budget-Conscious Streamliner Multifamily Communities Coming Soon to Metro Phoenix
Greenlight Communities, along with Bryten Real Estate Partners, its selected property management company, announced leasing is now underway at their two newest apartment communities. Both Streamliner communities are located in Metro Phoenix with move-ins...
Tower 16 Capital Partners Secures $128M Refinancing on Ardella Four-Property Multifamily Portfolio
San Diego-based Tower 16 Capital Partners has successfully closed on a $128 million refinancing of a four-property multifamily portfolio comprising nearly 1,000 units across California and Arizona. The new fixed-rate agency loans feature five-year...
RXR and Korman Communities Acquire New 400-Unit Luxury Multifamily Development The Blake in Phoenix
A joint venture between RXR and Korman Communities acquired The Blake, a 400-unit luxury multifamily community in Phoenix, Arizona. The property was sold by a joint venture between StreetLights Residential and an affiliate of...
Capstone Closes Sale of Iliff Avenue Office Redevelopment Project in Denver
Capstone Colorado Land Team has closed the sale of 4770 E Iliff Avenue, a 48,917 sq ft (1.12 ac) office redevelopment property in Denver for $2,700,000. Adam Bellin, Travis Hodge, and Taylor Burns of...
Development is Underway at Trilogy Investment Co.’s BTR Community Rêve at Encanto West in...
Trilogy Investment Company, a leader in Build-To-Rent (BTR) community development, announces that site development has commenced with utility construction underway at Rêve at Encanto West in Avondale, Arizona just outside of Phoenix.
This 84-townhome BTR...
Arizona Land Consulting Closes Land Sale in Buckeye Arizona for Upcoming Mixed-Use Multifamily Project...
Arizona Land Consulting (ALC) has closed on two locations in Buckeye, Arizona within the community Copper Falls. The deals, combined, amounted to nearly $20 million.
The first acquired property is 72 acres that will be...
Epp & Sons Acquires One19 Cherry Creek Apartments in Denver for $23M
Broadmark Realty Capital, a subsidiary of Ready Capital, sold One19 Cherry Creek at 119 S. Harrison Street to Epp Properties.
One19 Cherry Creek is a 47,300-square-foot, three-story apartment building. The property was originally built as...
Subtext To Develop “VERVE Tempe,” Its Second Student Housing Development Near ASU
Subtext, a national student and multifamily housing developer, announced that it will start construction at 1011 E Orange Street in Tempe, Arizona for the development of VERVE Tempe, a 15-story student apartment community located...
CBRE Announces Sale of 24-unit Apartment Community Cottonwood Creek Apartments in Colorado Springs
Cottonwood Creek Apartments, a 24-unit apartment community in Northeast Colorado Springs, Colorado traded hands in a recent $3.5 million ($145.8k/unit) deal.
Built in two phases, 12 units in 1978 and 12 units in 1983, most...
Capstone’s Denver Brokerage Team Expands with Kevin Woolsey
Capstone Companies is pleased to announce the addition of Kevin Woolsey as Senior Investment Advisor to our apartment team.
Kevin brings a wealth of experience in the commercial real estate industry, with a proven track...
One Degree Acquisitions Opens Phoenix Office Helmed by Christopher Westcott
One Degree Acquisitions (“ODA”), a commercial real estate investment firm focused on the acquisition and management of a diversified portfolio of core-plus, value-add, and opportunistic assets, is pleased to announce the appointment of Christopher...
