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...
JLL closes the largest single-asset apartment transaction in Colorado history at $435 million
JLL’s Capital Markets team announced it closed the $435 million sale and $282.75 million financing for the Palomino Park Apartments, a 1,184-unit, upscale apartment community in the Highlands Ranch submarket of southeast Denver. JLL represented...
Institutional Property Advisors brokers the sale of two multifamily assets in North Tempe
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of 134-unit Sakara Tempe and 36-unit Sakara Villas at Tempe in Tempe, Arizona. Together, the properties sold for $30.5 million, which...
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...
Tucson apartment asset sale closed by Institutional Property Advisors
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Sundown Village, a 330-unit multifamily property in Tucson, Arizona. The asset sold for $54.45 million, or $165,000 per unit. “In 2020,...
Refinancing secured for FalconView Apartments in Colorado Springs
JLL Capital Markets announced it arranged a $61 million refinancing for the FalconView Apartments, a Class A, garden-style multihousing property in Colorado Springs, Colorado. JLL worked on behalf of the borrower, Etkin Johnson Real Estate...
Metropolitan Phoenix apartment asset sale brokered by Institutional Property Advisors
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Copper Falls, a newly constructed, 240-unit multifamily asset in the West Valley neighborhood of Glendale, Arizona. The $72 million sales...