West
Phoenix Property Changes Hands in $33M Deal
NorthMarq represented the seller in the disposition of the 308-unit Breckenridge Apartments, as well as facilitated financing for the buyer, 3rd Ave Investments.
MHN’s Top 10 Posts from 2018
Miss out on any MHN articles? Catch up with our most popular posts of the year.
Koreatown’s The View Changes Hands
MWest Holdings acquired the 168-unit luxury asset from CIM Group, which had owned it for more than five years, shortly after it underwent a $25.5 million redevelopment.
Richman Group Sells Denver Apartments for $112M
The purchase of Infinity LoHi marks the highest price per unit in metro Denver this year, at $409,340. The property offers a pool, fitness center and pet spa, among other luxury amenities.
Seattle Community Opens its Doors
The 226-unit luxury community, developed by LMC, is fully integrated and offers smart-home technology, as well as also pursuing LEED Gold certification.
Phoenix-Area Portfolio Trades for $67M
TruAmerica Multifamily has expanded its presence in Arizona’s capital with the purchase of a 472-unit portfolio in Tempe.
Phoenix Plays to Its Strengths
Positive demographic trends and one of the most active economies in the U.S. continue to support growth in the metro’s multifamily market.
Waterton Buys San Francisco-Area Community
The seller, Kennedy Wilson, earned nearly $65 million for the 260-unit multifamily asset, more than double the acquisition price in 2006.
Ground Lease for LA-Area Property Changes Hands
A private investment group purchased the ground lease on a 138-unit multifamily community in Whittier, Calif. The Mogharebi Group represented both parties in the deal.
Tampa-Area Community Secures $12M Refi
Berkadia has arranged the refinancing of a 148-unit property located in Lakeland, Fla., on behalf of the borrower, Capital Pensam. The loan was secured through Freddie Mac.