IPA closes Class A multifamily deal in West Valley for $58.5 million
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced today the sale of Remington Ranch, a 304-unit multifamily asset in the Phoenix metro area. The asset sold for $58.5 million, or $192,434...
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...
San Marquis Apartments in Tempe sell for $58.5 million
CBRE arranged the sale of the 224-unit multifamily community San Marquis on behalf of a venture between Sequoia Equities and Mark-Taylor Residential to Acacia Capital Corporation for $58.5 million. CBRE’s Tyler Anderson, Sean Cunningham, Asher...
$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....
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....
JLL arranges $50.4M financing for Denver apartment project
JLL announces it has arranged financing totaling $50.4 million for the development of Farm Haus, a 280-unit, Class A apartment project in the north Denver suburb of Longmont, Colorado. JLL worked on behalf of the...
CBRE negotiates five Arizona multifamily sales totaling $13.43 million
CBRE announced the sale of five Arizona apartment communities totaling $13.43 million. Brian Smuckler, Jeff Seaman, Derek Smigiel and Bryson Fricke of CBRE in Phoenix arranged the following transactions: Crowne Pointe, a 35-unit garden style apartment...
Legacy Partners breaks ground on Colorado’s first large-scale OZ residential community
Legacy Partners (Legacy), a privately-owned national real estate firm, announced today the groundbreaking of Legacy at Fitz in Aurora, Colorado. Located at 1363 N. Victor Street, the five-story 363-unit apartment community is Colorado’s first...
CBRE arranges sale of Denim Scottsdale apartments
CBRE arranged the sale of the 644-unit multifamily community Denim Scottsdale on behalf of TruAmerica Multifamily to Bluerock Real Estate. CBRE’s Tyler Anderson, Sean Cunningham, Asher Gunter and Matt Pesch of Phoenix Multifamily Institutional Properties...
TruAmerica Multifamily acquires 520-unit multifamily property in Phoenix, Arizona for $77.26 million
TruAmerica Multifamily, which owns and operates nearly 2,000 multifamily units in Phoenix AZ, has acquired Covington Park, a 520-unit garden-style apartment community for $77.26 million. Built in 1999, Covington Park is located in Phoenix’ Northwest...
Las Vegas to celebrate grand opening of Revel Vegas, a refined senior community
The Wolff Company—a Scottsdale-based private equity firm and multifamily developer—today announced the grand opening of Revel Vegas – a new, refined senior community at 4940 S. Conquistador Street, Las Vegas, NV 89148, located just...
1970s-built Southwest Reno apartment complex sells for $37.55 million
Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of Skyline Canyon Apartments, a 204-unit apartment complex in Reno, Nevada....
Tower 16 Capital Partners acquires fifth multifamily project in Las Vegas for $32.5 million,...
San Diego-based Tower 16 Capital Partners, in a joint venture with Henley Investments, has acquired Five89 Apartments, a 312-unit multifamily project in Las Vegas for $32.5 million. The property was acquired on an off-market...
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...
West Phoenix multifamily asset sells for $32.25 million
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced today the sale of Sonoma Sol, which will be renamed “Cordova Apartments,” a 320-unit multifamily property in Phoenix’s West Valley. The asset sold...
