Mountain region

San Diego-based general contractor T.B. Penick & Sons topped off Las Vegas’ first all-for-rent apartment tower Capella this month, developer Southern Land Co. announced last week. Upon completion, the 22-story Capella in the city’s Symphony...

Chicago-based Evergreen Real Estate Group, a leader in the development, construction and management of both affordable and market-rate multifamily properties, has announced the start of construction on Rifle Apartments, a 60-unit income-restricted rental community...

Douglaston Development and The Hampton Group Inc have obtained $96.5 million in refinancing for a five-property seniors housing portfolio consisting of 971 units located in the Phoenix, Mesa, Sedona and Chandler metropolitan areas of...

Avison Young announced that the Sauter Multifamily Group, comprised of Principals Patrick Sauter, Art Carll-Tangora, Steve Nosrat and Michael Albanese based in the firm's Las Vegas office closed the $45.5 million sale ($174,330 per...

Sherman Residential closed on a significant multifamily buy in Phoenix, paying $72.05 million for Vela on Camelback, a 237-unit ($304k/unit) Class A community. The property was sold by Pacific Development Partners (PDP). Completed in 2018,...

Greenstone Partners, in collaboration with ORION Investment Real Estate, is excited to announce the marketing of a newly entitled land opportunity located at 1734 E. Apache Boulevard in Tempe, Arizona, with an asking price...

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale and financing of Ponderosa Park Apartments, a 120-unit apartment property in Flagstaff, Arizona. The asset sold for $28.05 million, or $233,750...

Thompson Thrift, a full-service nationally recognized real estate company and one of the nation's leading multifamily developers, announced that it will develop Switch, a 276-unit Class A multifamily community, within Colorado Springs' Polaris Pointe...

AVE, the residential real estate brand of Korman Communities, in partnership with RXR, announces the opening date of AVE Paradise Valley (12400 North Tatum Boulevard), a new elevated apartment community located in the reimagined...

Envolve LLC is excited to announce the grand opening of Villas at Stone Trace Apartments, a new 119-unit affordable housing community located at 5800 Tower Road #1601 in far northeast Denver. Villas at Stone Trace...

Village of Chandler, a TruVista Development managed by Bryten Real Estate Partners, completed a successful lease-up which will result in the sale of the community. “Village of Chandler leased up very rapidly due to the...

Greenlight Communities, a Valley-based developer committed to providing attainable housing for Arizona’s median earners, is pleased to announce the promotion of Brian Spetman to Vice President of Project Management. Brian Spetman’s promotion reflects Greenlight's continued...

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Desert Club, a 497-unit multifamily asset in Phoenix, Arizona. The property sold for $187.5 million, or $377,264 per unit. The transaction...

Sequoia Equities recently acquired the Kent Place Residences in Englewood, Colorado for $135 million, or $450,000 a unit. The 300-unit project was sold by JP Morgan. Located in the Cherry Hills neighborhood, the Kent Place...

Ivory Innovations and Call to Action Foundation gathered to celebrate their first leasing project, Innovation Park at Holbrook Farms located at 2601 N Ferguson Drive in Lehi, Utah. Clark Ivory and Drew Maggelet spoke...