West
CBRE Facilitates Sale of Los Angeles-Area Community
In July, CBRE’s brokerage team also arranged the sale of a 72-unit property in Los Angeles’ Koreatown. The community sold for $32.4 million at a 4 percent cap rate.
Aspen Heights Expands Student Housing Portfolio
The company’s newest project will offer 752 beds to students attending Washington State University one mile away.
Sares Regis Spends $68M on Southeast Denver Asset
JLL provided a $47.6 million Freddie Mac loan for the acquisition of the 252-unit community.
Southeast Las Vegas Community Sells for $20M
Seller AllPro Capital acquired the 128-unit property for $9.7 million from 3D Investments in 2017.
Property Management Expert on Portland’s Multifamily Market: Q&A
Sunrise Management’s recently appointed Regional Vice President Dennis Mitchell explains why communication and technology are paramount in overcoming COVID-19-induced challenges.
RISE Properties Buys Seattle Apartments for $34M
The new owner assumed $21.4 million in existing Fannie Mae debt on the 117-unit community.
JV Sells Phoenix Community for $20M
JLL secured $15 million in Freddie Mac financing on behalf of the buyer, SB Real Estate Partners.
Aspen Heights Partners Breaks Ground on Colorado Community
The developer will be building a 351-unit property in Lakewood, Colo., across the street from a light rail station.
Gantry Secures Financing for Idaho Community
Principal Demetri Koston and Associate Joyce Chen arranged the 12-year Fannie Mae loan.
Canyon Partners Expands Opportunity Zone Portfolio
The company has joined ScanlanKemperBard Cos. and Diamond Investment Group, and invested $24.4 million into a 219-unit community in the Portland suburb of Tigard, Ore.