West
High Street, MetLife Break Ground in Phoenix
The partnership will construct a five-story 190-unit community that will include a coffee bar, interactive lounge space and gaming area.
Phoenix Community Sells for $15M
Weidner Apartment Homes sold the Murano Apartment Homes, located in the Arcadia neighborhood of Phoenix. Berkadia represented the firm in the transaction.
Socal Asset Sells for $75M
The Bascom Group bought the 235-unit, Class A property, and CBRE secured debt financing for the acquisition.
LA Community Trades for $9M
Matthews Real Estate Investment Services brokered the sale of a 56-unit Van Nuys community. The sale price equates to $272.8 per square foot.
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.