Tower 16 Capital Partners acquires third multifamily project in Las Vegas, plans to renovate...
San Diego-based Tower 16 Capital Partners, in a joint venture with Henley USA, has acquired Cornerstone Crossing Apartments, a 540-unit multifamily project in northwest Las Vegas, for $49.75 million. Tower 16 will oversee $6.5...
SB Real Estate Partners acquires Bloom 24 Apartments in Phoenix for $34.2 million
SB Real Estate Partners (SBREP) has acquired Bloom 24, a 114-unit garden style multifamily community in Phoenix, Arizona for $34.2 million.
While recently selling two of its Phoenix properties for nearly $100 million, SBREP remains...
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,...
Southeast Valley multifamily sale brokered by Institutional Property Advisors in Phoenix
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Tierra Del Sol, a 276-unit apartment property in Mesa, Arizona.
“The cities of Mesa, Gilbert and Chandler are characterized by consistently...
$372.6 million in financing secured for Arizona and Texas multihousing properties
JLL Capital Markets announced that it has arranged refinancing in the aggregate amount of $372.6 million for a 10-property, 2,549-unit multihousing portfolio located across Arizona and Texas.
JLL worked on behalf of the borrower, Wealhouse...
$24 million multifamily value-add opportunity sale brokered by IPA
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announces the sale of Cambridge Court, a 286-unit value-add multihousing asset in Phoenix. The $24 million sales price equates to nearly $84,000 per unit.
“Positioned...
Joint venture between PCCP, LLC and Trion Properties acquires Loft 9 Apartments, a 418-unit...
A joint venture of PCCP, LLC and Trion Properties announced the acquisition of Loft 9 Apartments, a 418-unit low-rise apartment community located at 11100 E Dartmouth Avenue in Denver, CO.
Built in phases between 1975...
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...
Denver multihousing community secures $12.6 million financing
JLL Capital Markets announced that it has arranged $12.6 million in acquisition financing for Signalmen Apartments, a 52-unit, Class A, luxury, boutique apartment community located in the Sloan’s Lake neighborhood of Denver, Colorado.
JLL represented...
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...
Mesa West Capital funds $108 million loan for acquisition of Phoenix, Arizona multifamily development
Mesa West Capital has provided KB Investment and Development Company with $108 million in first mortgage debt for its acquisition a 328-unit multifamily property in Phoenix, Arizona.
The five-year, floating rate loan is secured by...
Institutional Property Advisors closes $54 million Greater Phoenix multifamily asset sale
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Newport, a 204-unit multifamily property in Avondale, Arizona. The asset traded for $54 million, which equates to $264,706 per unit.
“Defined...
Alpha Wave Investors completes 10th full-cycle property investment
Alpha Wave Investors, a private equity investment firm specializing in opportunistic and value-add multifamily and hospitality assets in the Western U.S., has completed its tenth full-cycle property investment with the sale of Skyline Park...
Marcus & Millichap completes suburban Denver apartment sale
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of The Fitz on 14th, a 176-unit multifamily property located in Aurora,...
$71.75 million buys award-winning suburban Phoenix multifamily asset
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Alta San Marcos, a 273-unit apartment complex in Chandler, Arizona. The property sold for $71.75 million, or $262,821 per unit....
