Sunday, February 16, 2025

Mountain region

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

The Ivy at Draper

Institutional Property Advisors completes Salt Lake City 55-plus senior housing community sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of The Ivy at Draper, a 277-unit, 55-plus active senior housing community in Draper, Utah. “Draper City’s prestigious location at the Point...
Estrella Springs and Suncrest Vista at Canyon Trails

Dominium to Host Groundbreaking Event for Estrella Springs and Suncrest Vista at Canyon Trails...

Dominium, a leading affordable housing owner, developer and manager announced that it will celebrate the groundbreaking of the Estrella Springs and Suncrest Vista at Canyon Trails affordable housing development in Goodyear, Arizona on Wednesday,...
Sanctuary on Broadway

ABI Multifamily brokers 240-unit Tempe apartment community for $42.75 million

ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $42.75 million / $178,125 Per Unit / $231.39 Per SF sale of Sanctuary on Broadway,...
Equinox on Prince

Institutional Property Advisors negotiates Tucson apartment asset sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Equinox on Prince, a 114-unit multifamily asset in Tucson, Arizona. The property sold for $21.1 million, which equates to $185,088...
Bronco Trail

Empire Group Slated to Build Arizona’s Largest BTR Project Village at Bronco Trail

Empire Group started construction on its largest build-to-rent project in Phoenix, Arizona: Village at Bronco Trail. Tower Capital arranged an $88.5 million construction loan. Construction commenced in August 2023. The general contractor for the project...
Indigo Springs

Institutional Property Advisors completes $56.4 million apartment asset sale in the Southeast Valley of...

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Indigo Springs, a 240-unit multifamily asset in Mesa, Arizona. The property sold for $56.4 million, or $235,000 per unit. “The Southeast...
Justin Forman

Marcus & Millichap hires Justin Forman as regional manager in Las Vegas

Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced that Justin Forman has accepted the position of regional manager of the firm’s Las...
Cleo Apartments, Denver

DB Capital acquires Denver metro apartment community for $38 million

DB Capital Management (DB Capital) has acquired Cleo Apartments, a 142-unit multifamily community in the Lowry submarket of Denver for $38 million. Built in 1979, Cleo features large one- and two-bedroom floor plans on a...
Alta Avondale

Wood Partners Announces Grand Opening of Two New Multifamily Developments within the Phoenix MSA,...

Wood Partners opened two new properties, Alta Avondale in Avondale and Alta Rise in Chandler. Both properties reside within the Phoenix, Arizona MSA. These multifamily developments will bring more than 630 units to the...
Northbend

McShane Completes Construction of Northbend in Tempe Arizona

Construction is completed at Northbend, a 310-unit community featuring three garden-style apartment buildings in Tempe, Arizona. McShane Construction Company built the development on behalf of repeat clients Banyan Residential and Milhaus. “We are proud to...
Apex on the Highline

DB Capital increases Denver holdings with $31 million acquisition of Aurora, Colorado apartment complex

Multifamily investment firm DB Capital Management (DB Cap) continues to build its Denver portfolio with the $31 million acquisition of Apex on the Highline (Apex), a 138-unit multifamily property in Aurora, Colo. The acquisition of Apex furthers DB...
Level at Sixteenth

Institutional Property Advisors brokers $69.1 million Central Phoenix multifamily sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Level at Sixteenth, a 240-unit, mid-rise apartment community in the urban core of Phoenix, Arizona. The property traded at $69.1...

Castle Lanterra purchases The Ranch at Bear Creek in Lakewood, CO

Castle Lanterra Properties (CLP) has continued to expand its multifamily portfolio in the Denver metro area with the acquisition of its fourth property in the market within the last 16 months. The New York-based...
The Hunter

Class A multihousing development in Colorado Springs secures construction financing

JLL Capital Markets announced that it has secured construction financing for The Hunter, a 214-unit, Class A multihousing project located in Colorado Springs’ New South End neighborhood, one of the area’s fastest growing submarkets. JLL...

HFF announces $9.52M financing for newly built apartment property in Denver, Colorado

Holliday Fenoglio Fowler, L.P. (HFF) announces $9.52 million in financing for King Street Apartments, a newly built, 29-unit/94-bed apartment property net leased to Regis University in Denver, Colorado. The HFF team worked exclusively on behalf...
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