Wednesday, April 24, 2024

Mountain region

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

The Place at Presidio Trails

MC Companies completes $72.7 million in refinancing for Arizona, Oklahoma multifamily assets

Full-service multifamily investment, management and development firm MC Companies has secured more than $72.7 million through the refinance of four Class A and B multifamily properties in Arizona and Oklahoma. The capital will be...
Cornell Apartments

ABI Multifamily brokers 51-unit multifamily apartment community for $11 million

ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $11,019,000 / $216,059 Per Unit / $203.40 Per SF sale of Cornell Apartments, a 51-unit...
Art District Flats

Trez Capital closes $30 million+ bridge loan on newly opened mixed-use development in Denver’s...

Trez Capital announced the closing of a bridge loan in excess of $30 million to Denver-based CRE Development Investments, led by Leon Cisneros for the lease-up and stabilization of Art District Flats, a new mixed-use...
Desert Shadows

Thayer Manca Residential adds Tucson property to growing Arizona portfolio

Thayer Manca Residential (TMR) has purchased their newest multifamily property in Tucson, Ariz. TMR purchased Desert Shadows, a 338-unit property for $69,300,000.  Desert Shadows is the third property in TMR’s growing Tucson portfolio. TMR acquired...
Monterra Apartments

TriWest Multifamily acquires 312-unit apartment community in Albuquerque, New Mexico

TriWest Multifamily announced that it has acquired Monterra Apartments, a 312-unit multifamily community located at 4217 Louisiana Boulevard NE in Albuquerque, New Mexico. The property was purchased in an off-market transaction from Vukota Capital...
Irwin Laroza

Irwin Laroza joins Marcus & Millichap Capital Corporation as Senior Director in Salt Lake...

Marcus & Millichap Capital Corporation (MMCC), a leading provider of commercial real estate capital markets financing solutions, announced that Irwin Laroza has joined the company as a senior director in Salt Lake City. In his...
Accolade

Institutional Property Advisors closes $155 million multifamily asset sale in suburban North Phoenix

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Accolade, a 548-unit multifamily asset in Phoenix, Arizona. The property sold for $155 million or $282,847 per unit. The transaction...
David Mannion

MC Companies hires industry veteran David Mannion as COO amid major portfolio expansion

Supporting a major portfolio expansion plan, full-service multifamily investment, management and development firm MC Companies has hired David Mannion as its Chief Operating Officer. A 20-year industry veteran, Mannion now serves as part of the MC...
Peak 16

Institutional Property Advisors closes $81 million Central Phoenix multifamily asset sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Peak 16, a 233-unit multifamily asset in Phoenix, Arizona. The $81.35 million sales price equates to $349,142 per unit. “Core multifamily...
Portola East Mesa

SB Real Estate Partners expands Phoenix portfolio

SB Real Estate Partners (SBREP) has acquired ReNew 3030, a Class B, 126-unit garden-style apartment community located in Mesa, Arizona, for $24.3 million. The property was renamed Portola East Mesa and will undergo a...
Las Vegas Apartments

Avison Young’s Sauter Multifamily Group closes on $1.7 million sale of 20-unit Las Vegas...

Avison Young announced the Sauter Multifamily Group has brokered the $1.7 million sale of Las Vegas Apartments, a 20-unit multifamily property located at 201, 255, and 275 N Decatur Blvd, Las Vegas, Nevada. Avison Young...
Riverside

Institutional Property Advisors negotiates Tempe Arizona multifamily asset sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Riverside, a 164-unit apartment property in Tempe, Arizona. The asset sold for $46 million. “One of the few value-add multifamily assets...
Sedona Ridge

Sale of 250-unit multihousing community in Phoenix closes

JLL Capital Markets announced that it has closed the sale of Sedona Ridge, a 250-unit, garden-style multihousing community in Phoenix, Arizona. JLL marketed the property on behalf of the owner, Sares Regis Multifamily Funds. An...
Solano Pointe Apartments

ABI Multifamily brokers South Glendale 276-unit multifamily apartment community for $42 million

ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $42,000,000 / $152,174 Per Unit / $233.50 Per SF sale of Solano Pointe Apartments, a...
Broadstone Grand

Decron Properties acquires multifamily community in Tempe for $106.5 million

Decron Properties continued its rapid expansion into the Phoenix MSA with its acquisition of Broadstone Grand, a 300-unit multifamily community in Tempe Arizona for $106.5 million. Since entering the market in May of this year,...
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