West
Columbus Pacific Scores $165M for Utah Condo Hotel
The 233-key property in the Park City ski resort will offer full-service vacation residences as well as guestrooms and suites, and is scheduled to debut in winter 2021.
JRK Property Holdings Buys $57M Seattle-Area Asset
The buyer will complete renovations started by the seller. Additionally, the company will also update the community’s common areas and amenities.
Greater Phoenix Community Commands $35M
Aukum Group sold the 168-unit property, which provides easy access to the Scottsdale Airpark, the Kierland Employment Corridor and South Scottsdale. IPA represented the seller and procured the buyer.
An Investor’s View on the Portland Multifamily Market
Pathfinder Partners Senior Managing Director Mitch Siegler discusses value-add opportunities in Portland, investment strategies, as well as the biggest challenge in the sector today.
JV Snags Student Housing in Texas, NV
TPCO will undertake a multi-million renovation for High View Place, which marks the company’s third acquisition in the San Antonio market in the past 12 months.
California’s Apartment Industry Eyes Wildfire Recovery Plan
As wildfire season approaches, state legislators are considering a comprehensive package, including a fund that would help keep utilities financially stable after major fires.
Taking Advantage of Opportunity Zones: A Lesson From SLC
PEG Cos.’ Matt Hansen reveals details about Utah’s first project built in a designated opportunity zone. He also describes how the 195-unit Paperbox fits in the metro’s strong multifamily market.
TruAmerica on Investing in West Coast Markets
TruAmerica’s Zach Rivas and Matthew Ferrari share their insights into Denver’s investment landscape. The two also touch on the most challenging aspects, as well as their predictions and goals for the next period.
Bridge Investment Group Sells Phoenix Community for $78M
Located 6 miles from the Cave Buttes Recreation Area, the 480-unit Monte Viejo traded in an all-cash deal and was almost fully occupied as of May.
Historic Landmark Changes Hands in West Hollywood
Casa Real encompasses 60 units and is located within walking distance of Sunset Boulevard. New owner Concord Capital Partners used a $13.9 million loan to purchase the $17.3 million asset.