CHANDLER, ARIZ., TEMECULA, CALIF., AND HUNTSVILLE, ALA. — Choice Hotels International has opened Everhome Suites properties in Chandler, Temecula and Huntsville. Choice Hotels now maintains 10 Everhome Suites across the country and is on track to have 25 hotels open by year’s end with 20 currently under construction. The new hotels include:– The 114-room Everhome Suites Chandler at 3200 W. Willis Road. The project team included ServiceStar Capital Management and Genesis Cos. as developers, 101 Architecture as architect and PATH Construction as general contractor.– The 117-room Everhome Suite Temecula at 27165 Madison Ave. The hotel was developed and is owned by Paladin Equity Capital. The project team included Woolpert Architects and Buffalo Construction.– The 98-room Everhome Suites Huntsville at 5581 Holmes Ave. The project team included EHS Huntsville LLC as developer, Woolpert as architect and Integrated Construction as contractor. Each Everyhome Suites offers a variety of amenities, including:– Fully equipped kitchens with full-sized refrigerators, dishwashers, stovetops, microwaves, flatware, cookware and counter space– Spa-like bathrooms with high-quality fixtures– Large closets and additional open and closed storage– Weekly housekeeping– Free WiFi– Pet-friendly options– Contemporary multipurpose lobbies– Communal outdoor amenity areas with barbecue grills, fire pits and green spaces; pools at select locations– 24/7 …
TUCSON AND GREEN VALLEY, ARIZ. — Northwest Healthcare Properties has completed the sale of a medical office building portfolio in Tucson and Green Valley to MLL Capital for $6.1 million. The portfolio consists of Riverstone Medical Plaza and Green Valley Medical Plaza. Travis Ives, Gino Lollio and Tyler Morss of Cushman & Wakefield’s U.S. Healthcare Capital Markets team represented the seller in the deal. Additionally, Tom Neiman and Bryce Horner of Cushman & Wakefield | PICOR provided local advisory services for the transaction. Built in 1998 and renovated in 2018, Riverstone Medical Plaza offers 18,976 square feet of single-tenant medical office space. Tucson Physician Group Holdings LLC fully occupies the building, which is located at 4892 N. Stone Ave. Located at 1055 La Canada Drive in Green Valley, Green Valley Medical Plaza offers 23,746 square feet of multi-tenant medical office space. Originally built in 1992, the building was 98 percent leased to several small healthcare users at the time of sale.
BUTTE, MONT. — The LeClaire-Schlosser Group of Marcus & Millichap has brokered the sale of Grand Storage, a self-storage facility in Butte. An owner-operator acquired the 33,980-square-foot asset from a regional self-storage owner and developer for an undisclosed price. Built in 2004 and expanded in 2023, Grand Storage offers 266 units on 3.4 acres. Onsite amenities include electronic gated entry with a digital keypad and automatic gate at the exit, a manufactured house with office and one-bedroom apartment, metal roll-up doors and security monitoring with 24/7 video surveillance throughout the facility. Jordan Farrer and Adam Schlosser of Marcus & Millichap represented the seller and procured the buyer in the deal.
LONGMONT, COLO. — Granite Capital Group and Chartered Development Corp. have opened Residences at Nova West, a 264-unit multifamily community in Longmont. Reservations for Phase I apartments are now open. Situated on 11 acres at the northwest corner of Nelson Road and Dry Creek Drive, Residences at Nova West features five four-story, elevator-served buildings offering 123 one-bedroom/one-bath, 121 two-bedroom/two-bath and 20 three-bedroom/two-bath apartments. Each residence features nine- to 11-foot ceilings, stainless steel kitchen appliances, private balconies or patios, full-size in-unit washers/dryers and super energy-efficient heat pump HVAC systems. Private garages with 220V outlets for electric vehicle charging are available for an additional cost. Community amenities include a fitness center, yoga room, two dog parks, a clubhouse with coworking rooms and work pods, a complimentary coffee station and a pool with a lap lane and spa. Additionally, the property offers ground-level grilling stations and covered carport parking. Legacy Partners will manage the community, which is located adjacent to a Super Target and The Home Depot.
LOS ANGELES — SoLa Impact has received $29 million in New Markets Tax Credit (NMTC) financing to help supplement its funding of two initiatives at Crenshaw Lofts, a 190-unit mixed-use project at 4607 Crenshaw Blvd. in South Los Angeles. The project is a combination of Opportunity Zone financing coupled with NMTC financing and private equity. The NMTC financing will be utilized for the ground-floor commercial and retail space. The NMTCs will specifically fund the build-out and completion of: The NMTC allocations were provided by three mission-aligned Community Development Entities (CDEs): Border Communities Capital Co., Los Angeles Development Fund and Enterprise Financial CDE. Dudley Ventures/Valley Bank served as the tax credit investor. BHI, the U.S. division of Bank Hapoalim, provided the construction financing. SoLa Impact is a family of social impact real estate funds focused on preserving, refreshing and creating affordable housing in low-income communities.
SPARKS, NEV. — Barclay Group has purchased Kiley Ranch Marketplace, a 46.7-acre parcel at the southwest corner of Wingfield Hills Road and Pyramid Highway in Sparks for $25.6 million. The buyer plans to develop a 400,000-square-foot retail power center on the site. The development will be the first new retail power center in Sparks since 2005. Shawn Smith and Sean Retzloff of Kidder Mathews represented the buyer and seller, KM2 Development, in the transaction. Additionally, the team will handle leasing for the project.
BRIGHTON, COLO. — Inland Real Estate Investment Corp. has completed the sale of Solaire Apartments, a multifamily community located at 1287 S. 8th Ave. in Brighton. Terms of the transaction were not released. Constructed in 2013, Solaire Apartments offers 252 residences spread across 11 three-story buildings. The community features a clubhouse, 24-hour fitness center, pool with hot tub and lounge area, outdoor barbecue grilling stations, a fire pit, dog park and playground area. At the time of sale, the property was 96.4 percent occupied. Inland Private Capital Corp. originally acquired Solaire Apartments in November 2016 on behalf of Brighton Multifamily DST. The recent sale resulted in a realized net equity multiple to investors of 1.6x.
LEADVILLE, COLO. — Malman Real Estate has arranged the purchase of a 5,200-square-foot flex retail and industrial building located at 331 Highway 24 in Leadville. 331HIGHWAY24 LLC, a Wyoming limited liability company, acquired the asset from NAK Property 4 LLC, a Colorado limited liability company, for $1 million. Taylor Roy of Malman Real Estate represented the buyer, while Kory Pryor of 23 Realty Advisors represented the seller in the deal.
SANTA CLARITA, CALIF. — G.H. Palmer Associates has received a $168 million loan to refinance Park Sierra, a 776-unit apartment building in Santa Clarita, approximately 35 miles northwest of Los Angeles. Walker & Dunlop’s California multifamily finance team, led by Trevor Fase, arranged the financing through Freddie Mac. Originally developed by G.H. Palmer Associates in 1987, the garden-style community offers a mix of 97 one-bedroom and 679 two-bedroom apartments. About 40 percent of the units have been rehabilitated, with additional capital investment planned. Amenities include five pools and spas, a fitness center, picnic and play areas.
TEMPE, ARIZ. — ViaWest Group has sold Sight Logistics Park, a two-building industrial property in Tempe. Terms of the transaction were not released. Completed in 2023, Sight Logistics Park consists of the 155,916-square-foot Building 1 at 6840 S. Harl Ave. and the 201,187-square-foot Building 2 at 6860 S. Harl Ave. The buildings feature 32-foot clear heights, 100 percent HVAC coverage, 66 dock-high doors, a 200-foot truck court, 10 grade-level doors and 8,400 amps of power. At the time of sale, the park was 88 percent occupied by a variety of tenants, including nVent, Daikin, Rentex and Supply Chain Solutions. Ben Geelan, Greer Oliver and Connor Nebeker-Hay of JLL Capital Markets Investment Sales handled the transaction. Rob Martensen, Phil Breidenbach and Sam Jones of Colliers handled local leasing efforts for the property.