Transwestern Investment Group sells 480-unit garden-style apartment community in Phoenix market
Transwestern Investment Group (TIG), along with its partner, Knightvest Capital, announce the sale of Paseo Park, a 35-building garden-style apartment community at 5205 W. Thunderbird Road in Glendale, Arizona. The multifamily asset comprises 480...
$50 million financing arranged for luxury multihousing development near Denver
JLL Capital Markets announced that it has arranged a $50 million construction loan for the development of Polaris Wadsworth Station Apartments, a 276-unit, to-be-built, luxury, garden-style multihousing community in the Denver-area community of Broomfield,...
DB Capital increases Utah holdings with acquisition of 88-unit apartment community in South Salt...
Multifamily investment firm DB Capital Management (DB Capital) continues its investment activities in Utah with the acquisition of Spring Hollow, an 88-unit apartment complex in Millcreek, Utah, an affluent suburb of Salt Lake City. The...
Institutional Property Advisors completes apartment property sale in suburban Salt Lake City
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Broadmoor Village, a 348-unit apartment property in West Jordan, Utah. “Salt Lake City is one of the nation’s fastest-growing metropolitan areas,...
Howard Behr joins Amenify as Chief Operating Officer
Amenify Corporation, the leading platform for in-home service staffing within high-end residential properties, announced that Howard Behr has joined the Company as Chief Operating Officer. Behr has spent 20 years in the multifamily industry and...
PCCP, LLC provides $29 million construction loan to Rockworth Companies for urban infill multifamily/retail...
PCCP, LLC announced that it has provided a $29 million construction loan to Rockworth Companies for the development of TwentyOnes, a 108-unit urban infill multifamily project with 20,500 square feet (sf) of ground floor...
Las Vegas developer continues restoration of midtown Las Vegas properties with fifth acquisition
Camino Verde Group, a Las Vegas-based real estate investment, development and asset management company, has acquired Camino 2630 Apartments in Midtown Las Vegas. The community, located at 2630 Sherwood Street, is the fifth vintage...
Institutional Property Advisors completes apartment asset sale in Phoenix’s East Valley
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of District Flats Off Dobson, a 112-unit apartment property in Mesa, Arizona. The $18.2 million sales price equates to $162,500 per...
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...
Institutional Property Advisors facilitates suburban Salt Lake City multifamily asset sale
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Mountain View, a 96-unit multifamily asset in West Valley City, Utah. “The Salt Lake City metropolitan area was one of the...
Tower 16 Capital Partners announces the sale of IVilla Garden Apartments for $30 million...
Tower 16 Capital Partners has sold IVilla Garden Apartments, a 214-unit multifamily project in Phoenix, for $30 million. The property was purchased by Tower 16 in February 2020 for $15.1 million in an off-market...
Rental licenses required in Denver
There are many professions that require people to obtain—and maintain—a license to do what they do, from teaching to medicine to law. The concept of getting a license isn’t new to real estate, as...
ABI Multifamily brokers Northwest Phoenix 166-unit multifamily apartment community for $26.7 million
ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $26,726,000 / $161,000 Per Unit / $279.02 Per SF sale of Cascada Del Sol Apartments,...
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...
Robert Bratley joins JLL’s Denver Capital Markets team
JLL Capital Markets announced that it has added Robert Bratley as a Senior Director in its Denver office. In this role, Bratley will work alongside JLL’s Jordan Robbins and Pam Koster to complete multihousing...