West
ABI Facilitates Sale of AZ Community
The 46-unit community is situated near major employment centers, as well as several schools in Mesa, Ariz. ABI brokered the transaction on behalf of the buyer.
Construction Begins on Denver Senior Community
Avenida Lakewood, designed by KTGY Architecture + Planning and developed by Avenida Partners, will feature 230 units and is slated for completion in spring 2019.
Tucson Asset Trades for $23M
Institutional Property Advisors arranged the sale of the 205-unit community, which received substantial upgrades from the previous owner and will undergo further improvements by the new owner.
SF Garden-Style Community Commands $28M
Arbordale Gardens Apartments, following the previous owner’s exterior renovation work, fetched a price tag of more than $385,000 per unit.
CBRE Arranges WA Community Sale
Cumberland Holdings purchased the one- and two-bedroom community, which is undergoing upgrades to the windows and sliders.
29th Street Capital Nabs 10th Phoenix Asset
The company plans to significantly update and renovate the 25-building community following the sale’s close.
Western Wealth Capital Grabs AZ Property
Country Gables is a 139-unit community in Glendale and is the company’s 35th multifamily acquisition in the Greater Phoenix area.
Affirmed Begins Work on San Diego Veterans Community
The project will transform a motel into an 84-unit community to be known as Zephyr. Funding is coming from several government sources, including the California Department of Housing and Community Development.
SoCal Investor Snaps Up Bay-Area Apartments for $53M
JRK Property Holdings has acquired Diamond Hillside, a 242-unit, garden-style apartment community in Pittsburg, Calif. The seller was a joint venture of McDowell Properties and Harbert Management Corp.
Western National Group Breaks Ground on San Jose TOD
The Platform, located near a planned BART rapid transit station, will feature 551 units and approximately 37,500 square feet of retail space.