West
Trion Properties Expands Portland Portfolio
The $12.3 million transaction marks the company’s third acquisition in the city of Beaverton, Ore. Trion plans to implement a renovation plan, including improvements made to the exterior and interior of the property.
MGPG Buys AZ Community for $101M
Lakeview at Superstition Springs comprises 44 buildings which overlook five lakes. The apartment community is undergoing a series of interior renovations.
Mill Creek Starts Preleasing at The Griffith
The 220-unit apartment community in Glendale is within 20 minutes of downtown Los Angeles. The area hosts employers such as Disney’s Grand Central Creative Campus and DreamWorks Animation.
Security Properties Buys $43M Vegas Asset
Martinique Bay received renovations to 91 of its units before being sold off to Security Properties. The company plans to add value to the property by improving the rest of the units and also add exterior upgrades.
Venture West Closes $51M Refi
The company has arranged the loan for two properties, totaling 120 units in Los Angeles. The loan was secured through Banc of California.
CO Apartments Command $58M
Nick Steele, senior associate, and Jacob Steele, first vice president of investments, at Marcus & Millichap represented the buyer of Vistas at Jackson Creek, a 267-unit luxury apartment building in Monument.
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.