Marcus & Millichap closes $76 million Reno multifamily asset sale
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Vista Ridge Apartments, a 324-unit multifamily asset in Reno, Nevada. The...
Tower Capital arranges $88.5 million in construction financing for another Empire Group BTR community...
Tower Capital, one of the nation’s leading structured finance firms in the commercial real estate lending space, arranged $88.5 million in construction financing for a Build-to-Rent (BTR) community in the Phoenix market. The financing...
Berkadia arranges sale and financing of Aurora, Colorado Apartment Community to Trion Properties
Berkadia has arranged the sale and financing of Trailpoint on Highline, a 198-unit apartment community located in Aurora, Colorado. Managing Director Nick Steele and Director Nate Moyer of Berkadia Denver represented the seller, Castle...
Institutional Property Advisors brokers Phoenix multifamily asset sale
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of The Marlowe, a 53-unit apartment asset in Phoenix, Arizona. The property traded for $8.44 million, which equates to $159,245 per...
The NRP Group expands national footprint westward with Phoenix and Las Vegas hires
The NRP Group, a vertically integrated, best-in-class developer, builder and manager of multifamily housing, announced the hires of Austin Kates as Vice President of Development in Phoenix and Mike Moriarty as Vice President of...
$55.18 million refinancing secured for suburban apartment complex
JLL Capital Markets announced that it has arranged $55.18 million cashout refinancing for The Iris, a 276-unit, garden-style apartment complex in the Denver suburb of Arvada, Colorado.
JLL worked on behalf of the borrower, VareCo,...
Class A multihousing development in Colorado Springs secures construction financing
JLL Capital Markets announced that it has secured construction financing for The Hunter, a 214-unit, Class A multihousing project located in Colorado Springs’ New South End neighborhood, one of the area’s fastest growing submarkets.
JLL...
Arizona limits construction in Phoenix area
Arizona officials announced in May the state will no longer grant certifications for new developments within the Phoenix area, as groundwater rapidly disappears.
A new study showed that the groundwater supporting the Phoenix area likely...
The shape of U.S. water
The Colorado River Compact
The Colorado River Compact of 1922 divided the river into two basins: The Upper Basin (Colorado, New Mexico, Utah and Wyoming) and the Lower Basin (Arizona, California and Nevada), established the...
Institutional Property Advisors closes sale of Downtown Phoenix high-rise and arranges financing
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale and financing of 700 North 4th Street, a 27-story, 234-unit luxury multifamily asset in Phoenix, Arizona.
“Embedded within downtown and midtown Phoenix’s...
Institutional Property Advisors brokers sale and arranges financing for Greater Phoenix multifamily asset
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale and financing of The Gallery, an 88-unit apartment asset in Tempe, Arizona. The property sold for $20.3 million, or $230,682 per...
ABI Multifamily brokers 46-unit Southwest Mesa apartment community for $10.85 million
ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $10,850,000 / $235,870 Per Unit / $294.85 Per SF sale of Stapley Place Apartments, a...
Institutional Property Advisors closes sale and arranges financing for Phoenix multifamily asset
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale and financing of Spring, a 186-unit apartment asset in Phoenix, Arizona. The property traded for $42 million, or $225,806 per unit.
“Spring’s...
Marcus & Millichap closes $27 million multifamily asset sale in Suburban Denver
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Aspire Lakewood Apartments, a 96-unit multifamily asset built in 1969...
Camino Verde Group acquires Sherwood Apartments
Las Vegas-based real estate investment and development firm Camino Verde Group recently acquired Sherwood Apartments in Midtown Las Vegas. Located just east of Las Vegas Boulevard, the 10-unit building will be a welcome addition...
