West
Portland-Area Community Lands $26M Loan
Alden Apartment Homes, a 210-unit property in Tualatin, Ore., has received a permanent, fixed to float loan, secured by Grandbridge Real Estate Capital.
CBRE Brokers Sale, Financing of 171-Unit Affordable Asset
The Seattle-area community traded for $18.9 million. Tim Flint worked on behalf of the seller in the transaction, while Jim Flinn secured acquisition financing.
Las Vegas-Area Luxury Community Fetches $59M
JLL Managing Directors John Cunningham and Charles Steele arranged the sale of the 366-unit asset on behalf of The Bascom Group.
NorthMarq Arranges Refi for OC Community
The Sares-Regis-owned Aliso Creek Apartments in Aliso Viejo includes 535 units, three spas, 866 parking spaces and a cyber cafe.
TruAmerica, Oaktree Snag $142M Portfolio
The joint venture acquired the 424-unit Galleria Palms in Tempe, Ariz., and the 456-unit Aviata in Las Vegas.
Campus Advantage Acquires 6 Student Housing Properties
The developments, located in Alabama, Illinois, Oregon, Tennessee and Washington, add 714 units and 1,910 beds to the company’s portfolio.
Increased Demand Pushes Up Rents in Las Vegas
The city’s multifamily recovery is a safe bet, given that it ranks among the top 10 metros for population growth.
Out-of-State Investor Gets 1,024-Bed Idaho Community
Serving the Brigham Young University-Idaho, Northpoint offers 154 units and more than 2,600 square feet of ground-floor retail space.
Kidder Mathews Arranges Sale of San Diego Coastline Community
The company’s Merrick Matricardi, Jim Neil and Eric Comer worked with ACRE on behalf of the buyer. The oceanfront property is one of the few of its kind in the county.
CA Senior Living to Expand WA Community
The renovated Quail Park of Lynnwood, which currently has 130 units, will include 252 units and enhanced assisted-living services.