$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,...
Pathfinder Partners acquires value-add multifamily community in Denver suburb
Pathfinder Partners, a San Diego-based firm specializing in value-add real estate investments, announced today the $20,725,000 acquisition of The Station—a 97-unit multifamily community at 2100 W. Berry Ave in Littleton, Colo., a Denver suburb....
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...
SB Real Estate Partners enters Las Vegas multifamily market with $67 million acquisition near...
SB Real Estate Partners (SBREP) has acquired The Russell Apartments, a 241-unit garden-style apartment home community for $67.0 million, marking the California-based multifamily investment firm’s entry into the Las Vegas real estate market.
The Russell...
Reno Rebuild Project awards Derby Supply with $40,000 small business loan
Nickel by nickel the Reno Rebuild Project fund is growing to make one-of-a-kind loans to local small downtown businesses. This March, the project will be providing a $40,000 loan to the Derby Supply company...
McShane Completes Construction of 242-unit The Livano Deer Valley Apartments in Phoenix Arizona
Construction is completed at The Livano Deer Valley in Phoenix, Arizona. McShane Construction Company built the 242-unit multifamily community on behalf of the owner, Jomax Residences, LLC.
“The Livano Deer Valley is a beautiful, well-appointed...
Decron Properties acquires eighth multifamily asset in Phoenix, Arizona for $128 million
Decron Properties has acquired Tamarron Apartments, a 328-unit garden-style multifamily community in Phoenix, for $128 million.
Tamarron, which comes on the heels of Decron’s recent $107.5 million purchase of Ascent at Papago, increases Decron’s local...
Catching a break
Not only is Daybreak the first fully master-planned community to rise in the Beehive State, last year it was the sixth best-selling MPC in the nation, based on the number of housing units sold,...
Thayer Manca Residential acquires third multifamily property in New Mexico
Thayer Manca Residential (TMR) has purchased Mirabella Heights, their newest multifamily property in the Albuquerque, New Mexico market. The acquisition of the 280-unit property, combined with renovation costs, creates over a $100 million investment...
Optum invests $8.8 million to transform historic Bonneville Hotel into affordable housing to help...
Optum is investing $8.8 million in Bonneville Apartments, an affordable-housing community currently under construction in downtown Idaho Falls. Upon completion, the historic Bonneville Hotel will be transformed into 35 new affordable apartments and 5,000...
Class A multihousing development in Colorado Springs secures construction financing
JLL Capital Markets announced that it has secured construction financing for The Hunter, a 214-unit, Class A multihousing project located in Colorado Springs’ New South End neighborhood, one of the area’s fastest growing submarkets.
JLL...
Institutional Property Advisors closes sale and arranges financing for Phoenix multifamily asset
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale and financing of Spring, a 186-unit apartment asset in Phoenix, Arizona. The property traded for $42 million, or $225,806 per unit.
“Spring’s...
Seattle-based Thayer Manca Residential re-enters Tucson, Ariz. markets
Thayer Manca Residential (TMR), a multifamily investment firm based in Seattle, made their first purchase since 2000 in the Tucson, Arizona market. TMR purchased the 368 unit, Palm Canyon Apartments for $40,300,000.
Palm Canyon Apartments...
Chris Brozina named CEO of Mark-Taylor Companies
Valley-based multifamily investment firm Mark-Taylor has named Chris Brozina its new Chief Executive Officer effective immediately. Brozina was most recently the executive vice president of Mark-Taylor Companies, which has ranked as the largest commercial...
Toll Brothers Break Ground a Week Apart on Two Properties in Arizona
Toll Brothers Apartment Living, the multifamily division of single-family home builder Toll Brothers, broke ground on two new projects in the Phoenix metro area earlier this month: Navona, a 400-unit development in Mesa, Arizona,...
