West
Real Estate Capitals Teams With Vedura Residential to Develop $20M Apartment Community
Real Estate Capital Partners of New York and Vedura Residential of Scottsdale, Ariz., have formed a joint venture to develop Elevation Chandler, a 163-unit luxury apartment community located in Chandler, Ariz.
Marcus & Millichap Promotes James E. Kordell to Associate Vice President Investments
Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has promoted James E. Kordell to associate vice president investments.
TODAY’S DEALS: IPA Brokers $19M California Property Sale at $204 Per Square Foot
IPA arranged the sale of Il Pompeii Apartments, a 111-unit luxury apartment community; and Jason Cohen Pittsburgh sells a property at a 350 percent premium.
Beal Derkenne Construction to Build Arizona Student Housing Community
Beal Derkenne Construction has started construction on Park Avenue, in Tucson, Ariz.
CIM Group Sells Historic Hollywood Boulevard Apartments
SEVENTY46, a 1920s-era, neo-Gothic style, Hollywood Blvd. apartment building, has been sold to Kambiz Hakim, a private real estate investor and developer, and his sons Alexander and Steven.
CBRE San Diego Arranges Sale of $29 Million Community
The San Diego team at CBRE, a commercial real estate services and investment firm, has arranged the sale of a 60-unit multifamily community in La Jolla, Calif.
Joint Venture Begins Construction on $260M Mixed-Use Property in California
Phoenix Property Company has joined forces with Paragon Commercial Group and Lincoln Property Company to develop Runway, a new $260 million mixed-use center in the heart of the Playa Vista, Calif., community.
Auction.com Promotes Jake Seid to Co-President and Opens Silicon Valley Office
Auction.com announced that it has promoted Jake Seid to co-president, with shared oversight of all day-to-day operations, and established an office in Belmont, Calif., to tap the talent pool in Silicon Valley.
NAI Capital Closes $10.5 Million Apartment Community Transaction
Preservation Partners and Clifford Beers Housing have purchased Banning Villa Apartments, a 90-unit affordable housing community for seniors in Wilmington, Calif., for $10.5 million from VPP Banning Villas Apartments VP.
Investor Buys Distressed Tucson Multifamily Property
Variant Commercial Real Estate has acquired Pebble Creek, an apartment community in Tucson, Ariz. The purchase was made through a successful involuntary bankruptcy plan.