32 Arcadia, 104-unit multifamily community in Phoenix, Ariz., sells for $14.8 million
32 Arcadia, a 104-unit multifamily community, located at 3211 E. Pinchot Avenue in Phoenix, Arizona, has sold for $14,800,000. The buyer was Cowabunga Two, LLC, a private capital family office that focuses on acquiring...
Oak Coast Properties announces $163 million disposition of Pembrooke on the Green Apartments
Oak Coast Properties announced the $163 million disposition of the Pembrooke on the Green Apartments in Denver, Colorado. The transaction is one of the largest apartment community sales in Denver by value in 2020. Oak...
ABI Multifamily adds Andrew Arambula as associate to growing team
ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western U.S., has added Andrew Arambula as an associate to the growing team. Arambula, a Scottsdale resident, comes to ABI from Kidder...
Mountain View Capital acquires Volta at Voyager in Colorado Springs for $52.6 million
JLL Capital Markets announced that it has arranged the $52.6 million property sale and $37.556 million financing of the Volta at Voyager multihousing community located at 11275 Nahcolite Point in Colorado Springs, Colorado. JLL represented...
Trion Properties enters Denver, Colorado market with acquisition of 288-unit apartment community
Trion Properties, a real estate private equity firm that specializes in multifamily investments in western markets, has acquired The View at North Peak, a 288-unit multifamily community in Northglenn, Colorado, a suburb of Denver....
North Phoenix multifamily asset sold by Institutional Property Advisors
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Verona Court, a 141-unit apartment complex in Phoenix, Arizona. The property sold for $20 million, which equates to $141,844 per...
Next Wave Investors sells 98-unit luxury multifamily community in Las Vegas after completing strategic...
Next Wave Investors, LLC (Next Wave) a private equity firm focused on value-add multifamily investments, has sold Harlow Luxury Apartments, a 98-unit Class A luxury multifamily community in Las Vegas, Nevada. The asset was...
Rental housing law in Colorado
Nexus Commercial Realty recently presented a webinar outlining legislation being considered which affects multifamily housing. While the focus of the webinar was on legislation pending in Colorado, many of the issues being discussed there...
Colorado Springs apartments sold to Oak Coast Properties for $37.25 million
JLL Capital Markets announced that it has completed the $37.25 million sale and $28.5 million financing of the Cottonwood Terrace apartments located at 2864 Dublin Blvd in Colorado Springs, Colorado. JLL worked on the behalf...
ABI Multifamily brokers Biltmore area apartment community for $6.95 million
ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western U.S., is proud to announce the $6,947,500 / $365,658 per Unit / $158.55 per SF sale of Monterosa Villas, a 19-unit...
Trez Capital closes construction loans totaling $12.1 million for two townhome rental communities in...
Trez Capital announced the closing of construction loans for Lotus Company’s two townhome communities, Foxridge and Whisperwood, in Ogden, Utah. The two loans, totaling $12.1 million, are part of Trez’s first financing agreement with Lotus...
Institutional Property Advisors brokers multifamily sale in Utah
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Liberty Crossing, a 95-unit multifamily asset in Salt Lake City, Utah. “The underlying dynamics of the Salt Lake City investment market...
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....
