West
JV Breaks Ground on Colorado Affordable Project
Alpenglow Village in Steamboat Springs will offer 72 units for individuals with incomes from 30 to 120 percent of the area median income.
CRA, Roxborough Group Sell Las Vegas Portfolio for $138M
The three apartment communities have a total of 1,194 units and were owned by the joint venture for almost three years.
Phoenix Community Changes Hands for $57M
InterCapital Partners picked up the 561-unit multifamily property from value-add specialist 3rd Ave Investments, which bought the asset back in 2016.
Bay Area Properties Sell for $25M
Marcus & Millichap’s Levin Johnston brokered the sale of Village Drive and Carlmont Park Apartments, two communities encompassing a total of 52 units in Belmont, Calif.
Metro LA Community Changes Ownership in $21M Deal
MWest Holdings financed the acquisition of Harbor Terrace with a $15.8 million loan held by Prime Finance Partners. The new owner will renovate and rebrand the asset.
Inland Empire Multifamily Report – Summer 2019
Rents in the market increased 4.2 percent year-over-year through April, driven by the area’s historically limited inventory.
HCW to Break Ground on Phoenix-Area Condo Project
UMB Bank provided financing for Valerio at Ocotillo, a lakeside development which is set to bring 32 luxury townhomes to Chandler, Ariz.
FirstService Selected to Manage AZ Condos
The Tucson community opened in 1997 and includes 408 units across 42 buildings within 15 miles of the city center.
$1B Bay Area Development Hits Construction Milestone
The development team, which includes two Trammell Crow companies, broke ground on the 68-acre redevelopment of a former Naval Air Station in Alameda, Calif., in March of last year.
Waterton Re-Enters Vegas With $140M Buy
The firm’s portfolio acquisition includes 720 Class A units in two communities. CBRE provided the buyer with financing through Freddie Mac.