West

Las Vegas. Photo by ALFSnaiper/iStockphoto.com

Las Vegas Multifamily Report – August 2023

After a slow year, the city is showing signs of a slight rebound.

Built in 1971, Bonnie Brae Terrace encompasses three, four-story buildings. Image courtesy of The BLVD Group

BLVD Buys Bay Area Affordable Senior Housing

Bonnie Brae Terrace has traded for the first time since its completion in 1971.

Polaris at Totem Lake will feature 440 units and 15,000 square feet of interior amenity space. Image courtesy of The Inland Group

Evergreen JV Partners With Microsoft for Seattle Affordable Project

The 440-unit property is set to open in 2026.

Rendering of the pool and building at Jefferson Monrovia

JPI Starts Construction on LA-Area Community

The transit-oriented project will be adjacent to a rail station.

The self storage facility was the former home of the Southwest University of Visual Arts. Image courtesy of Rosewood Property Co.

Rosewood Property Expands Tucson Self Storage Footprint

This acquisition marks the 80th asset in the company’s portfolio.

Completed in 1971, Oxford Park traded for $24.9 million. Image courtesy of Standard Communities

Standard Communities Acquires $122M Los Angeles Affordable Portfolio

The new owners will preserve Section 8 affordability and extend it for 20 years

Completed in 1967 and 1968 respectively, Mountain View II and III encompass 18 buildings. Image courtesy of Yardi Matrix

CPP Buys 2 Albuquerque Affordable Assets

The new owner will invest about $95,000 per unit in renovations.

Archway, Virtú Purchase Silicon Valley Property

The luxury asset is located in downtown San Jose.

Construction Starts on LA Mixed-Use Development

Cushman & Wakefield has begun leasing at the property.

Cabana Happy Valley, a multifamily community in Phoenix.

Greenlight Communities Sells $79M Phoenix Asset

The property came online this year.