Wednesday, May 29, 2024

Mountain region

Mountain region includes: Arizona, Colorado, Idaho, Montana, Nevada, New Mexico, Utah and Wyoming

Salt Lake City apartment complex wins Development of the Year

Wood Partners, a leader in real estate development and construction, announced their downtown development, Alta Gateway Station, has been named “Development of the Year” by the Utah Apartment Association. The Utah Apartment Association hires a...
Novella at Arcadia

Institutional Property Advisors brokers sale of Arizona’s preeminent build-to-rent (BTR) Assets

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of two apartment assets in Phoenix, Arizona. They are 51-unit Novella at Biltmore and 36-unit Novella at Arcadia. “Both assets are boutique,...
Sierra Vista Apartments

Tower 16 Capital Partners acquires Sierra Vista apartments in Tucson, Arizona

San Diego-based Tower 16 Capital Partners, in partnership with Drake Real Estate Partners, has acquired Sierra Vista Apartments, a 258-unit multifamily project in Tucson, Ariz. The property was acquired from a private seller in...
Signalmen Apartments

Denver multihousing community secures $12.6 million financing

JLL Capital Markets announced that it has arranged $12.6 million in acquisition financing for Signalmen Apartments, a 52-unit, Class A, luxury, boutique apartment community located in the Sloan’s Lake neighborhood of Denver, Colorado. JLL represented...
NRP Group expands

The NRP Group expands national footprint westward with Phoenix and Las Vegas hires

The NRP Group, a vertically integrated, best-in-class developer, builder and manager of multifamily housing, announced the hires of Austin Kates as Vice President of Development in Phoenix and Mike Moriarty as Vice President of...
Retreat at Water’s Edge

Oak Coast Properties acquires $54.5 million Retreat at Water’s Edge apartments in Denver, Colorado

Oak Coast Properties announced the $54.5 million acquisition of Retreat at Water’s Edge, a 252-unit apartment community located in Denver. The most recent transaction in the firm’s heightened multifamily investment activity, the acquisition also demonstrates...

HFF announces $31M financing for 160-unit independent living community in Colorado Springs, Colorado

Holliday Fenoglio Fowler, L.P. (HFF) announces $31 million in financing for Province Springs, a 160-unit, 55+ age-restricted luxury independent living community in Colorado Springs, Colorado. The HFF team worked exclusively on behalf of the borrower,...
1221 Broadway Swimming Pool

Decron Properties acquires Class A multifamily community in Tempe, Arizona for $64.750 million

Decron Properties has made its second acquisition in the Phoenix MSA in the past six weeks with the purchase of 1221 Broadway, a 194-unit Class-A multifamily community in Tempe, Ariz. for $64.750 million. Decron made...
NOVO Broadway Apartments

MG Properties Acquires NOVO Broadway Apartments in Tempe Arizona for $100.25M

MG Properties, a leading real estate investment and management firm, announced its $100.25M acquisition of NOVO Broadway Apartments (formerly known as Parc Broadway), a residential community located in Tempe, Arizona recently completed by Evergreen...
Kevin Phelan

Cushman & Wakefield Continues to Strengthen Multifamily Services in Denver Colorado with Kevin Phelan

Cushman & Wakefield announced that Kevin Phelan has joined as a Senior Director with the firm’s Multifamily Services division in Denver, Colorado. Phelan brings over 13 years of industry experience covering multiple asset classes...

Legacy Partners begins leasing at TriVista on Speer in Denver

Legacy Partners (Legacy), a privately-owned national real estate firm in a joint venture with USAA Real Estate, announced today the start of leasing at TriVista on Speer in Denver’s Golden Triangle neighborhood. The seven-story,...
Rio Rancho Cabezon

Trez Capital Provides Loan for Groundbreaking Build-to-Rent Community The Eleanor Rio Rancho Cabezon in...

The Dallas-based office of Trez Capital announced the closing of a construction loan for Austin-based developer JLM Living to develop the build-to-rent community in Albuquerque, The Eleanor Rio Rancho Cabezon. The Eleanor Rio Rancho Cabezon...
Tuscany Palms

CBRE announces sale of Tuscany Palms in Mesa, Arizona for $83 million to Tides...

CBRE arranged the sale of the 582-unit multifamily community Tuscany Palms in Mesa, Ariz. on behalf of a partnership between Investcorp and BH Equities to Tides Equities for $83 million. CBRE’s Tyler Anderson, Sean Cunningham,...
Brookfield

Institutional Property Advisors brokers sale and arranges financing for North Phoenix multifamily asset

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Brookfield, a 124-unit multifamily asset in Phoenix, Arizona. The property sold for $31 million, which represents $250,000 per unit. “Buyers were...
Jed Weidauer

WestCorp Management Group appoints Jed Weidauer director of business development

Henderson based multifamily management firm WestCorp Management Group has appointed Jed Weidauer director of business development. Weidauer has been with the company since 2011 with responsibilities including management, openings and lease ups of WestCorp’s...
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