West
Sterling at Silverleaf Phase Two Coming to Scottsdale
Plans were finalized in mid-January for phase two of Sterling at Silverleaf in Scottsdale, Ariz. A dozen luxury villas starting at $2.2 million will break ground in early spring, with a phase three of 213 luxury condominiums to follow.
La Jolla Townhouse Project Complete
Construction is complete on Paseo La Jolla, a 24-unit townhome property in La Jolla. The property also just opened a new two-bedroom model home and a sales center.
MARKET SNAPSHOT: Operators Take Advantage of Improving Economic Conditions in Las Vegas
After lagging behind most major markets for some time, Las Vegas’ apartment sector is seeing an acceleration of activity.
Twin Apartment Buildings Open in Santa Monica
Two multifamily rental properties adjacent to each other in Santa Monica that have been in the works for some time have finally been completed. The properties, called NMS@1420 and NMS@1430, will each house 50 one- and two-bedroom apartments.
Trumark Companies to Spend $300M for Six SF Condo Communities
Trumark Urban, a recently created division of Trumark Companies, has acquired a six-site portfolio in San Francisco, to build mid- and high-rise condominium communities of more than 500 units in the city’s urban core.
Former Corus Bank Portfolio on the Market
ST Residential has put a portfolio of 13 multifamily properties in eight states on the market.
Matteson Acquires Washington Apartment Community
The Langara, a 134-unit rental property outside Seattle, has been acquired by The Matteson Companies. Matteson purchased the property from Polygon for $28.2 million, in a transaction announced in mid-January.
Holland Partners Buys Suburban Denver Apartments
Holland Partner Group has secured $38 million in acquisition financing to buy a multifamily property in Littleton, Colo., a suburb of Denver. The asset is Monterey Heights, a 332-unit apartment complex.
Seattle’s Eco-Friendly Stream Uptown Community Begins Leasing
Stream Uptown, a 118-unit, Class-A, mid-rise apartment community in Seattle’s Uptown enclave, has begun leasing residences. The announcement was made by Stream Real Estate LLC, a Seattle-based company focused on developing multifamily residential properties in the core of the Emerald City.
Raintree Partners Acquires Luxury L.A. Community for $77M
Raintree Partners has acquired a $77 million multifamily community in Los Angeles. The luxury community, called The Plaza at Sherman Oaks, contains 392 units.