West
Denver Community Sells for $31M
ARA Newmark represented Nichols Partnership in the sale of Turntable Studios. Built in 1967, the building was renovated and converted to multifamily in 2015.
Bellevue TOD Launches with Luxury Community
Security Properties opened the 309-unit Sparc Apartments in the Spring District of the Washington city, just minutes away from major companies such as Google, Microsoft, Expedia and T-Mobile.
Marcus & Millichap Leads San Diego County Community Sale
A family trust sold Villa Quixote, a 78-unit apartment community in Escondido, Calif., for $11.8 million. The community was built in 1969, presenting the buyer with an opportunity to renovate the property and raise rents.
Carrier Johnson + CULTURE LA Project Begins Construction
The 161-unit apartment community will replace an empty 81-year-old two-story building with a modern design that utilizes metal panels and ceramic tile.
The Inland Empire Expands
Rent growth in San Bernardino and Riverside counties continued its extremely fast pace over the past year, supported by a healthy job market and moderate inventory expansion.
Security Properties Buys $26M Community in Seattle
Security Properties purchased the 124-unit community and plans to renovate the 96 original units. Madrona Ridge Residential, an affiliate of the company, will manage the property.
Metro Spotlight: It’s Always Mountain Time in Denver
Years of economic growth have prompted substantial rent growth, but is the city’s multifamily market heading into treacherous waters?
Rescore Snags $100M for Hollywood Apartments
The community is a 368-unit, seven-story project located in the Hollywood Entertainment District, a Business Improvement District.
Financing Veteran Joins JLL as SVP
James McArthur will focus on providing financing solutions to multifamily real estate developers and owners using JLL’s Fannie Mae, Freddie Mac and HUD/FHA capabilities.
MAG Appoints Regional VP
Multifamily Ancillary Group has announced a new telecommunications and cable division, Next Wave Solutions, and has appointed telecom industry veteran Gregg Roffers to lead the firm’s business development and marketing teams. He will also manage existing relationships with major apartment owners and managers.