West
MORGAN Enters Phoenix Market with Luxury Asset
The 474-unit Pearl Biltmore will feature studios and one-, two- and three-bedroom floorplans, as well as several loft-style units. Construction is set to begin in 2018, with completion scheduled for 2019.
Century West Partners Completes NEXT on Sixth in LA
Century West Partners is a joint venture of Fifield Cos. and Cypress Equity. NEXT on Sixth marks the second recently completed development of the joint venture in Koreatown.
CBC Brokers Sale of 3 Historic SLC Communities
Multifamily investors continue to show interest and confidence in the area’s apartment market. Strong demand resulted in multiple offers for all three assets.
CDP Opens Affordable Phoenix Suburb Community
El Rancho del Sol features 47 units and complements the adjacent El Rancho del Arte, a 66-unit property in Mesa, Ariz.
JV Opens AZ Student Housing
The 626-bed community marks the joint venture’s fourth property. Skyview also offers roughly 3,000 square feet of retail space.
Greystone Refinances 131-Unit WA Community
The Henry, a Class A community situated near the Museum of Glass, offers 161 units and 10,500 square feet of office and retail space.
Suburban LA Community Sells for $20M
Marcus and Millichap brokered the sale of Villa Hermosa Apartments in Norwalk, Calif. The sale marks the largest non-institutional multifamily transaction in the suburban city.
Baron Properties Buys Phoenix Community for $20M
Since acquiring Capella Place in 2012 for less than half the price, Gelt has made several improvements, adding value to the 150-unit property.
Mogharebi Closes Record Breaking Sale in Fairfield, CA
The company closed the sale of Spring Meadows Apartments at a $160,000 price per unit. This marks a record price for communities built before 2000 comprising more than 30 units.
Coldwell Banker Expands CA Portfolio
Welcoming 18 sales professionals formerly affiliated with Jelly Properties, Coldwell Banker Residential Brokerage purchased its third office in Del Mar. Joe Jelley will join the brokerage company in a sales capacity.