West
JV Grabs Denver Community for $66M
Constructed in 1977, the 418-unit multifamily property in the city’s Arapahoe-Southwest submarket features a mix of studio, one- and two-bedroom apartments.
Quantum Capital Arranges $25M for LA Student Housing
City Park Apartments is near the University of Southern California and features 130 units and a subterranean parking garage.
CIM Grabs NorCal Development Site
The firm, in a joint venture with Strada, plans to build a 16-story community containing nearly 300 units in Oakland’s central business district.
CBRE Secures Sale, Finances OR Student Housing
A team of Phil Oester, Joe Nydahl and Josh McDonald represented both the seller and the buyer in the sale of the 179-unit student housing community and secured a $19.1 million 10-year loan.
Wood Partners Begins Construction of Portland Asset
The Oregon development, which will include 138 apartments above 6,000 square feet of street retail space, is situated just outside the city’s downtown area.
Tempe Luxury Property Trades for $73M
Transwestern Development built the 290-unit Vela Apartments in partnership with a private investor. The developer obtained $34 million in construction financing from Bank of the Ozarks.
JV Buys 240-Unit AZ Community
Continental Realty Advisors and GTIS Partners acquired San Palmas at Mission Park in Chandler. The property includes 30 two-story buildings and a clubhouse, a fitness center and a volleyball court.
Newman Garrison + Partners Bringing TOD to CA
Construction on the 352-unit project in Woodland Hills is expected to commence in 2019 and is slated for completion by 2022.
On the Market: 5 Interesting Listings for the Week of 3/5
This week’s multifamily listings include a portfolio in Denver’s Glendale market and newly converted condominiums in Scottsdale, Ariz.
Matthews Brokers Record-Breaking Sale in LA
The property located near downtown Los Angeles traded for $9.7 million, which equates to $247,436 per unit and ranks as the highest price per unit in the area.