Tower 16 Capital Partners acquires Lilly Garden Apartments, its first multifamily project in Phoenix,...
San Diego-based Tower 16 Capital Partners, in partnership with HG Capital, has acquired Lilly Garden Apartments, a 180-unit multifamily project in Phoenix. The property was acquired on an off-market basis from a private seller...
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...
$75.5 million Greater Phoenix apartment complex sold by International Property Advisors
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced today the sale of Liv Goodyear, a 326-unit multifamily asset in Goodyear, Arizona. The property sold for $75.5 million, or $231,595 per unit. “Liv...
Alta Drinkwater sells for $96.15 million
CBRE has arranged the sale of the 277-unit multifamily community Alta Drinkwater on behalf of Wood Partners to Starwood Real Estate Income Trust, Inc. ("SREIT"), a nontraded REIT managed by Starwood Capital Group, for...
JLL arranges capital for Colorado multihousing development
JLL announced it has arranged $43.2 million in structured construction financing for the development of Ten West Greeley Apartments, a 264-unit, Class A, garden-style multihousing property in Greeley, Colorado. JLL worked on behalf of the...
MVE + Partners breaks ground on 59-unit mixed-use apartment community in Salt Lake City
MVE + Partners, a leading architecture, planning, interiors and graphic design firm, today announced the groundbreaking of Dixon Place, a 59-unit, Class A development in the heart of Salt Lake City’s Sugar House neighborhood....
JLL arranges $40.27M financing for Denver-area apartments
JLL announced today that it has arranged $40.27 million in financing for Palisade Park, a 216-unit, garden-style apartment community in the north Denver suburb of Broomfield, Colorado. JLL worked exclusively on behalf of Jeffrey Sanders...
Renovated Phoenix multifamily asset sold by Institutional Property Advisors
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced today the sale of Bloom 24, a 114-unit multifamily complex in Phoenix. Highline Property Group (Highline), based in Denver, Colorado, purchased the property...
Construction complete on University of Colorado Boulder’s newest and largest residence hall Williams Village...
The new Williams Village East residence hall at the University of Colorado Boulder proudly welcomed its first students in August for the fall 2019 semester. The 178,000-square-foot residence hall, the university’s largest, houses a...
JLL arranges $60.3M financing for Denver apartment complex
JLL announced today that it has arranged a $60.3 refinancing for Edison at RiNo, a newly constructed, 277-unit multihousing complex in Denver’s RiNo neighborhood. JLL worked on behalf of the borrower, Clarion Partners, LLC, to...
192-unit, value-add apartment complex in Sierra Vista, AZ sells for $13,912,500
Montego Bay Apartments, a 192-unit complex located at 409 S. Lenzner Avenue in Sierra Vista, Arizona, has sold for $13,912,500. The seller was CW Capital Commercial Real Estate Services, a loan servicing company that...
43-unit apartment community in downtown Phoenix’s Coronado Historic District trades for $7.5 million
CBRE has completed the sale of the 43-unit Coronado 137 apartment community in Phoenix. Equity Advantage, Inc., an Oregon-based 1031 exchange buyer acquired the property from Phoenix-based Coronado 137 LLC for $7.5 million. Brian Smuckler,...
Gelt, Inc. sells 400-unit apartment property for $92 million after a three-year hold in...
Gelt, Inc., a Los Angeles-based real estate investment and asset management firm, is pleased to announce the $92 million sale of Westhills Apartment Homes, a 400-unit apartment property located at 453 Van Gordon Street...
Pensam closes preferred equity investment for $69 million recapitalization of Denver apartments
Pensam Residential, a national multihousing owner/ operator, has closed on a preferred equity investment to facilitate the $69 million recapitalization of Loft 9, a 418-unit apartment community located in Denver, Colorado. The sponsor is a...
Two Denver development projects receive $25 million in financing
JLL announced today that it has secured $25 million in construction and bridge financing for 777 and 757 Grant Street in Denver, Colorado. 777 Grant Street is a vintage office building that will be...
