West
Prana Investments Buys 3 in LA for $18M
The portfolio acquisition is a value-add transaction, with the firm planning to invest in renovations at the communities.
HighBridge to Develop 708-Bed Community Near UC Davis
The company obtained approval for the construction of Lincoln40, a 130-unit California community, slated for a 2020 completion.
Alpha Wave Investors Acquires Tucson Asset
Orange Tree Village, a 110-unit property in the Casas Adobes neighborhood, was acquired in an off-market transaction for $10.5 million.
AZ Asset Trades for $20M
Completed in 1990, the 312-unit Rio Santa Fe Apartments is the second-largest community in Yuma and is located within easy reach of several retail and dining options.
Marcus & Millichap Arranges 4-Property Portfolio Sale
The Orange County portfolio, which includes a total of 214 units in Santa Ana, traded to an affiliate of Empire USA for $42.5 million.
CGI Strategies Debuts LA Short- and Long-Term Housing
The KODO is the first fully furnished luxury development in the Koreatown neighborhood and includes biweekly housekeeping, continental breakfast and EV charging stations.
Vegas Apartments Change Hands in $60M Deal
Hamilton Zanze and Cantor Fitzgerald acquired the 426-unit Arrow Canyon, which includes a bocce ball court, a putting green and covered parking.
ABI Brokers $8M Sale of Lender REO Asset in Phoenix
The buyer plans to invest $1 million in interior and exterior upgrades to improve the property, which is situated across the street from the 19th Avenue/Glendale light rail station.
WWC Continues Phoenix Divestment Streak
The Canadian company acquired the asset in 2016. ROI from the current transaction is projected at approximately 18 percent over the 20-month term.
Stepp Commercial Completes $10M CA Sale
Waterford Residential acquired a four-story, 36-unit Long Beach community near the Recreation Park Golf Course, Bluff Park and Alamitos, Junipero and Peninsula beaches.