West
Salt Lake City Multifamily Report – Summer 2019
The metro’s multifamily market continues to be strong, supported by job and population gains. Rents increased 3.0 percent year-over-year through May, 50 basis points above the U.S. growth rate.
Fore Property Opens 5th Portland Community
The five-story building is located in Portland’s historic Mississippi neighborhood, close to major employers including Adidas, Nike, Intel and Oregon Health & Sciences University.
LMC Adds 240 Units to Denver Portfolio
The mixed-use property includes 5,200 square feet of ground-floor retail space in the RiNo neighborhood and provides access to Denver’s Central Business District.
Madison Marquette, GFH Financial Group Buy 6-Building Senior Housing Portfolio
The joint venture purchased properties located in California, Washington and Michigan totaling 509 units.
Roxborough Group, SB Real Estate Expand in West Phoenix
The rebranded community is situated near the upcoming $1.7 billion extension of Loop 202. The new owners plan to fully renovate the property.
Greystar Breaks Ground on First-Ever Portland Project
The multifamily giant is building its first ground-up development, a 182-unit rental community in the Goose Hollow neighborhood of the city.
Olympus Property Expands in Salt Lake City
The company acquired a Class A, garden-style property in the Salt Lake City suburb of South Jordan, from Woodbury Corp. Built in 2012, the asset consists of townhomes with attached garages.
Phoenix Senior Housing Asset Trades for $27M
Chicago Pacific Founders acquired the 101-unit community, which offers three different levels of care and is located near several health-care providers.
Mill Creek Residential Adds Luxury Apartments in Denver
The eight-story Modera Cap Hill features 197 apartment units in the city’s Capitol Hill neighborhood just south of downtown.
NAI Capital Brokers Pasadena Transaction
Mario Gandara, Ramzy Prado and Jenny Eng of the company’s Multifamily Services Group worked on behalf of both the seller and the buyer.