1,546-bed student housing portfolio sale brokered by the Shin and Zylstra Team of Marcus...
Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of the Rexburg Portfolio, an eight-property, 1,546-bed student housing portfolio located...
Institutional Property Advisors closes $81 million Central Phoenix multifamily asset sale
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Peak 16, a 233-unit multifamily asset in Phoenix, Arizona. The $81.35 million sales price equates to $349,142 per unit.
“Core multifamily...
Alpha Wave Investors acquires 144-unit multifamily property in rapidly growing Las Vegas market
Alpha Wave Investors, a private equity investment firm specializing in opportunistic and value-add multifamily and hospitality assets in the Western U.S., has acquired Cypress Springs Apartments, a 144-unit multifamily community situated in the Centennial...
Northcap Commercial directs $60.3 million Las Vegas multifamily acquisition
Northcap Commercial, a Las Vegas-based real estate company focused on investment sales, acquisitions, and property management, has directed the $60.3 million acquisition of a two-property multifamily portfolio encompassing 1,129 units in Las Vegas, Nevada...
HFF announces $31M financing for 160-unit independent living community in Colorado Springs, Colorado
Holliday Fenoglio Fowler, L.P. (HFF) announces $31 million in financing for Province Springs, a 160-unit, 55+ age-restricted luxury independent living community in Colorado Springs, Colorado.
The HFF team worked exclusively on behalf of the borrower,...
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...
$49.6 million North Mesa multifamily asset sale brokered by Institutional Property Advisors
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Country Club Verandas, a 348-unit multifamily asset in Mesa, Arizona. The property sold for $49.6 million, or $142,529 per unit.
“Country...
HFF announces $9.52M financing for newly built apartment property in Denver, Colorado
Holliday Fenoglio Fowler, L.P. (HFF) announces $9.52 million in financing for King Street Apartments, a newly built, 29-unit/94-bed apartment property net leased to Regis University in Denver, Colorado.
The HFF team worked exclusively on behalf...
Panasonic launches Smart City Innovation Showcase at Peña Station NEXT to celebrate company’s 100th...
Panasonic Corporation of North America’s CityNOW business unit has opened an immersive and interactive Smart City Innovation Showcase inside its Technology and Operations Center in Denver, Colorado. The 15,000-square-foot-facility features a 3D cityscape including...
Institutional Property Advisors brokers the sale of two multifamily assets in North Tempe
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of 134-unit Sakara Tempe and 36-unit Sakara Villas at Tempe in Tempe, Arizona. Together, the properties sold for $30.5 million, which...
ABI Multifamily brokers Northwest Phoenix 166-unit multifamily apartment community for $26.7 million
ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $26,726,000 / $161,000 Per Unit / $279.02 Per SF sale of Cascada Del Sol Apartments,...
Institutional Property Advisors completes Southern Arizona multifamily sale
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Port Royale, a 252-unit multifamily property in Sierra Vista, Arizona. The asset sold for $30 million, which represents $119,048 per...
Metro Denver rents decrease in the third quarter
Average rents in Denver fell by $19 per month in the third quarter of 2018, continuing a three-year trend in rent decreases during the third quarter, according to the Denver Metro Area Apartment Vacancy...
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,...
361-unit institutional asset trades after 25-year hold
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announces the sale of Cobble Creek, a 361-unit multihousing asset in Salt Lake City.
“Developed in 1974, Cobble Creek is a tranquil suburban apartment community...
