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...
JLL secures $27.5 million refinancing through Fannie Mae
JLL Capital Markets announced that it has arranged $27.5 million in financing for Harmony Heights Apartments and Stoney Creek Apartments, two garden-style multihousing communities totaling 533 units in Rapid City, South Dakota. JLL worked on...
Epoch Residential sells 292-unit apartment community in Phoenix to Knightvest Capital
JLL Capital Markets announced that it has completed the sale and financing of Capital Place apartments located at 11 S. 12th St. in Phoenix, Arizona. JLL arranged the sale from Epoch Residential to Knightvest Capital....
PCCP, LLC provides $39.4 million senior loan for the development of a 352-unit apartment...
PCCP, LLC announced that it has provided a $39.4 million senior loan to IDM Companies for the ground-up development of Acero Glendale, a Class A garden-style multifamily community located at the northwest corner of...
JLL arranges $28 million financing for suburban Minneapolis apartments
JLL Capital Markets announced that it has arranged $28 million in financing for The Cliffs at Minnetonka, a 456-unit garden-style apartment community in Minnetonka near Minneapolis, Minnesota. JLL worked on behalf of the borrower, The...
Stepp Commercial completes $12.8 million acquisition of a 173-unit apartment property in Phoenix
Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed $12.8 million acquisition of Ocotillo Apartments, a 173-unit apartment community located at 1780 West Missouri Avenue in Phoenix, Ariz. A...
West Central Phoenix multifamily asset sale brokered by Marcus & Millichap
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the $20.7 million sale of Desert Willow, a 280-unit multifamily property in Phoenix, Arizona. Pete...
JLL arranges $22.9 million construction loan for Phoenix development
JLL Capital Markets announced that it has arranged construction financing and joint venture equity for the development of Cabana on 99th, a 286-unit, garden-style multihousing project in Phoenix’s Glendale submarket. JLL worked on behalf of...
JLL arranges $185.63 million financing for Phoenix-area multihousing properties
JLL Capital Markets announced that it has arranged a refinancing totaling $185.63 million for a 1,439-unit portfolio of five multihousing properties in and around Phoenix, Arizona. JLL worked on behalf of the borrower, a partnership...
Mt. Carmel and Mt. Village Apartments sell for $2.8 million
Affordable Housing Investment Brokerage Inc. recently sold two Waterloo, Iowa apartment complexes, Mt. Carmel and Mt. Village, for $2,800,000. Managing Director Kyle Shoemaker and Senior Vice President Dan Piatkowski, represented both the purchaser, a...
Optima enhances virtual sales model, tops off construction of luxury residential tower
In these unique times, multifamily development firm Optima is debuting an enhanced virtual sales experience at 7180 Optima Kierland to accommodate prospective buyers in advance of the luxury residential community’s summer opening. The 12-story tower...
Camino Verde completes central Las Vegas property purchase
Camino Verde Group recently completed the purchase of a 28-unit multifamily property at 2556 South Van Patten Street in the Historic Commercial Center District of Las Vegas. The units will be rebranded as Camino 2556. Camino 2556 will undergo approximately...
Aspen’s largest apartment complex trades hands in Colorado
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Centennial Aspen Apartments, a 149-unit, three-story multifamily property in Aspen, Colorado....
JLL arranges $18.85 million loan for Denver apartment project
JLL Capital Markets announced that it has arranged $18.85 million in financing for the development of Bloom at Cherry Creek, a 111-unit, Class A mid-rise apartment property currently under construction in Denver’s Cherry Creek...
JLL arranges $29.4 million financing for S’PARK Railyards in Boulder
JLL Capital Markets announced that it has arranged $29.4 million in construction financing for S’PARK Railyards (Railyards), a 69,263-square-foot Class A office building in Boulder, Colorado. JLL worked on behalf of a joint venture between...
