Friday, December 6, 2019

Mountain region

Mountain region includes: Arizona, Colorado, Idaho, Montana, Nevada, New Mexico, Utah and Wyoming

Bloom 24

Renovated Phoenix multifamily asset sold by Institutional Property Advisors

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced today the sale of Bloom 24, a 114-unit multifamily complex in Phoenix. Highline Property Group (Highline), based in Denver, Colorado, purchased the property...

Construction complete on University of Colorado Boulder’s newest and largest residence hall Williams Village...

The new Williams Village East residence hall at the University of Colorado Boulder proudly welcomed its first students in August for the fall 2019 semester. The 178,000-square-foot residence hall, the university’s largest, houses a...
Edison at RiNo apartments, Denver

JLL arranges $60.3M financing for Denver apartment complex

JLL announced today that it has arranged a $60.3 refinancing for Edison at RiNo, a newly constructed, 277-unit multihousing complex in Denver’s RiNo neighborhood. JLL worked on behalf of the borrower, Clarion Partners, LLC, to...
Montego Bay Apartments

192-unit, value-add apartment complex in Sierra Vista, AZ sells for $13,912,500

Montego Bay Apartments, a 192-unit complex located at 409 S. Lenzner Avenue in Sierra Vista, Arizona, has sold for $13,912,500. The seller was CW Capital Commercial Real Estate Services, a loan servicing company that...

43-unit apartment community in downtown Phoenix’s Coronado Historic District trades for $7.5 million

CBRE has completed the sale of the 43-unit Coronado 137 apartment community in Phoenix. Equity Advantage, Inc., an Oregon-based 1031 exchange buyer acquired the property from Phoenix-based Coronado 137 LLC for $7.5 million. Brian Smuckler,...
Westhills Apartment Homes

Gelt, Inc. sells 400-unit apartment property for $92 million after a three-year hold in...

Gelt, Inc., a Los Angeles-based real estate investment and asset management firm, is pleased to announce the $92 million sale of Westhills Apartment Homes, a 400-unit apartment property located at 453 Van Gordon Street...

Pensam closes preferred equity investment for $69 million recapitalization of Denver apartments

Pensam Residential, a national multihousing owner/ operator, has closed on a preferred equity investment to facilitate the $69 million recapitalization of Loft 9, a 418-unit apartment community located in Denver, Colorado. The sponsor is a...

Two Denver development projects receive $25 million in financing

JLL announced today that it has secured $25 million in construction and bridge financing for 777 and 757 Grant Street in Denver, Colorado. 777 Grant Street is a vintage office building that will be...

Reno-based Greenstreet Companies and Vintage Housing launch Steamboat by Vintage the first new large...

Affordable housing in Northern Nevada is about to see some real change in South Reno. On July 24, 2018, Greenstreet Companies and Vintage Housing broke ground on Steamboat by Vintage, a brand new 360-unit...

McShane Construction Company begins construction on new apartment complex in Gilbert, Arizona

McShane Construction Company is pleased to announce that they have been selected by Leon Capital Group to construct Soltra at SanTan Village, a new luxury multifamily development in Gilbert, Arizona. “The population of Gilbert has...

CBRE arranges sale of Avia 266 apartments for $45.25 million

CBRE announced the sale of the 266-unit multifamily community Avia 266 from Thayer Manca Residential to Geringer Capital for $45.25 million. CBRE’s Tyler Anderson, Sean Cunningham, Asher Gunter and Matt Pesch of Phoenix Multifamily Institutional...

High Street Residential and Principal Real Estate Investors begin construction on Gramercy Scottsdale

High Street Residential, the residential subsidiary of Trammell Crow Company, and its partner, Principal Real Estate Investors, announced that construction has begun on a luxury 160-unit multifamily development in the heart of Downtown Scottsdale....

Westmount Realty Capital enters Arizona market with purchase of multifamily community near Phoenix

Westmount Realty Capital announced the acquisition of 949 at the District, a 154-unit multifamily community located at 949 South Longmore St. in Mesa, near Phoenix. Built in 1979, 949 at the District offers one-...

Thayer Manca Residential sells $45.25 million property in Arizona

Thayer Manca Residential (TMR) has sold their latest multifamily property in the Tempe, AZ market, Avia 266, for $45,250,000. The Seattle-based investment firm acquired the 266-unit apartment community in January 2015 for $19,200,000 and...

JLL arranges $14.7M financing for Tennyson Place

JLL announced that it has arranged $14.7 million in financing for Tennyson Place, an 81-unit apartment community located in Northwest Denver’s coveted Berkeley neighborhood. JLL worked on behalf of the borrower, Allante Properties and Investments,...
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