Institutional Property Advisors Brokers $64M Sale of The 242-unit Livano Deer Valley Multifamily Property...
Institutional Property Advisors, a division of Marcus & Millichap, brokered the sale of The Livano Deer Valley, a 242-unit multifamily property in Phoenix, Arizona. The $64 million sales price equates to $264,463 per unit. Steve Gebing...
JLL Arranges Financing for the 60-unit Benjamin Square Multifamily Community in Eaton Colorado
JLL Capital Markets announced that it has arranged $5.8 million in financing for Benjamin Square, a 60-unit affordable housing community in Eaton, Colorado. JLL represented the borrower, Brikwell, to secure the fixed-rate senior loan through...
Tower Capital Arranges $23M for Phoenix Multifamily Community North Mountain Foothills Refinancing
Tower Capital arranged $23,075,000 in permanent financing for the refinance of North Mountain Foothills, a 194-unit multifamily community in Phoenix. North Mountain Foothills, located at 1943 W. Aster Drive, was a broken condominium project when...
Neighborhood Ventures Developer Converting the Former American Inn Hotel in Mesa to Apartments
Neighborhood Ventures, a real estate investment company utilizing crowdfunding to enable both accredited and non-accredited investors to invest in multifamily properties, is transforming a long-neglected Mesa motel, American Inn, into a multifamily housing community. The...
Calmwater Capital Funds $10.5M Loan for the Refinancing of a 65-Unit Multifamily Property The...
Calmwater Capital has provided an Arizona-based private investment group with $10.5 million in short-term first mortgage debt to refinance a 65-unit multifamily property, The Heights on Lemon Apartments, in Tempe, Arizona. Built in 1966 and...
BWE Arranges $39.4M HUD 221d)(4) New Construction Loan for Market Rate Multifamily Property Pueblo...
BWE, a national commercial and multifamily mortgage banking company, announced that it has secured a $39,488,600 HUD 221(d)(4) loan to finance the development of Pueblo Springs, a 199-unit, Class A market-rate apartment project in...
Skyline at Highlands Luxury Apartment Community in Denver Set to Open Soon with Full-Service...
Skyline at Highlands, a soon-to-open luxury apartment property from Grand Peaks and Access Industries, announced the introduction of full-service luxury concierge services for residents. In partnership with Denver-based Experiential Living, the service offerings are...
Suncrest Announces Grand Openings of Luxury Rental Home Communities, Zora University in Charlotte and...
Suncrest, a leading residential master-developer, is making waves in Charlotte and Phoenix with recent grand openings of two exceptional, luxury rental home communities, Zora Encanto and Zora University, – the first in their planned...
Wood Partners Expands Phoenix Presence with Two New Communities, Alta Dove Valley and Alta...
National multifamily developer Wood Partners announced the start of construction on Alta Dove Valley in Phoenix and Alta 87 in Gilbert, Arizona. These new communities bolster Wood Partners' presence in Arizona, bringing its total to 24...
TruAmerica Acquires 288-Unit Multifamily Property The Falls at Canyon Rim in Ogden Utah
TruAmerica Multifamily, a national, institutionally-focused multifamily investment firm, acquired The Falls at Canyon Rim, a 288-unit multifamily property located in South Ogden, Utah, approximately 25 miles north of Salt Lake City. “We are excited to...
MLG Capital Purchases The Lowry Apartments in Denver for $51.05M
MLG Capital makes its presence felt in Denver by buying an apartment complex, The Lowry Apartments, and and then the company opens an office there. The company announced that it is moving into a...
Rockefeller Group Breaking Ground on Two South Phoenix BTR Communities, The Corsica Villas
Rockefeller Group has broken ground on two build-to-rent communities in South Phoenix, both to be named The Corsica Villas. The group purchased two parcels for $8.7 million, less than two miles apart, and will build...
Grand Peaks Brings Sonder to Skyline at Highlands, Offering Short-Term Rentals and Apartment-Style Hotel...
Grand Peaks, a fully integrated real estate investment firm, announced the recent lease of 93 units within their forthcoming luxury multifamily community, Skyline at Highlands, to Sonder. Sonder is a leader in short-term rentals, offering...
CEDARst™ Companies and Bridge Investment Group Start Construction on Multifamily Project Flats Arts District...
CEDARst Companies has broken ground on Flats Arts District, a 311-unit multifamily development located at 123 W. Imperial Avenue in the Las Vegas Arts District. The project is a joint venture between Chicago-based CEDARst Companies,...
Institutional Property Advisors Brokers Southeast Phoenix Multifamily Asset Sale and Financing of The Plaza...
Institutional Property Advisors, a division of Marcus & Millichap, announced the sale and financing of The Plaza Taos, a 164-unit multifamily asset in Chandler, Arizona. “The Plaza Taos’ premier Chandler location, accompanied by its architectural design,...