West
Umbrella Properties Snags $53M Phoenix Community
CBRE Multifamily Institutional Properties represented the seller, PrivatePortfolio Group, in its disposition of the 328-unit Aldea at Estrella Falls in Goodyear, Ariz.
Decron Acquires Bay Area Property
The 220-unit multifamily property sold for nearly $90 million and features a mix of one- and two-bedroom apartments across four buildings.
LA Community Sells for $45M
IPA arranged the sale of Cielo Apartments, a Class A, 119-unit community in Chatsworth. Amenities include a clubhouse, fitness center and 208 parking spaces.
Freshwater Investments Nabs WA Asset
The property’s seven garden-style buildings, 20 miles from Seattle’s city center, contain a mix of one-, two- and three-bedroom apartments.
On the Market: 5 Interesting Listings for the Week of 2/5
This week’s listings include a five-property LIHTC portfolio across the Baltimore and Washington, D.C., metros; a new community in Oregon; and a recently renovated property in Riverview, Fla.
BRIDGE Adds 200 Units to CA Affordable Housing
The nonprofit opened the second phase of Ivy at College Park, a $41.6 million project that includes a total of 335 units in San Bernardino County.
IPA Secures $24M Refi for OC Community
The company arranged the refinancing for Castlewood Park, a 184-unit property in Buena Park, Calif. The debt placement was locked at below-market-rate interest.
Hunt Mortgage Provides Refi for LA-Area Community
The company worked on behalf of The Highlander Group to secure a $5.2 million Freddie Mac loan for Candlewood Apartments, a 43-unit affordable property in Whittier.
JV Acquires $50M CO Community
Completed in 1998, the 220-unit Bluffs at Castle Rock offers a mix of one- to three-bedroom units and is located roughly 30 miles from downtown Denver.
Developer Secures $234M for LA Portfolio
G.H. Palmer has obtained cash-out refinancing for Medici and Orsini I, both luxury assets located downtown.