Western

Rampart-Center-Englewood-CO

ENGLEWOOD, COLO. — Libitzky Property Cos. has completed the sale of Rampart Center, a two-building asset in Englewood, just south of Denver. River Rise Capital acquired the asset for $18 million. Located at 7173 and 7245 S. Havana St., Rampart Center offers 100,455 square feet of office/flex space spread across two buildings. The single-story properties were originally built in 1999 and have gone through recent improvements, including the addition of a fitness center. At the time of sale, Rampart Center was 94 percent leased to five tenants in a variety of industries, including government services, healthcare, engineering and co-working. Larry Thiel and Sean Whitney of JLL Capital Markets’ investment sales and advisory team represented the seller in the deal.

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120-250-Greg-St-Sparks-NV

SPARKS, NEV. — CapRock Partners has purchased two industrial properties totaling 177,100 square feet in Sparks, just east of Reno. An owner-user sold the assets for an undisclosed price in an off-market transaction. The 94,000-square-foot building at 120 Greg St. features eight dock-high doors and three grade-level doors. Initially constructed in 1995, the building is currently divided into four suites ranging in size from approximately 20,000 square feet to 27,000 square feet. Located at 250 Greg St., the second, 83,1000-square-foot building offers three dock-high doors and eight grade-level doors. Constructed in 1980, the building was expanded in 1995 and 2001 and offers suites ranging in size from 9,000 square feet to 36,000 square feet. CapRock plans to renovate the two buildings and implement extensive capital improvements to enhance functionality. Planned renovations include adding storefronts, building new offices, refreshing existing offices, installing LED lighting, new interior and exterior building paint, and improvements to the site’s parking lots and landscaping. Brian Armon, Tony Machabee and Derek Carroll with NAI Alliance facilitated the transaction.

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Mar-at-Mesa-Apts-San-Diego-CA

SAN DIEGO — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of Mar at Mesa Apartment Homes in San Diego. An affiliate of F&F Properties acquired the asset for an undisclosed price. Built in 1988 and renovated in 2022, Mar at Mesa features 62 one-bedroom/one-bath, two-bedroom/one-bath and two-bedroom/two-bath units with breakfast bars, dishwashers, large closets, patios and balconies. Community amenities include a swimming pool, sundeck, spa, barbecue area, firepit, off-street parking and laundry facility. Chris Zorbas, Alexander Garcia Jr. and Kyle Pinkalla of IPA represented the undisclosed seller and procured the buyer in the deal.

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Hillcrest-Center-Roseville-CA

ROSEVILLE, CALIF. — Marcus & Millichap has arranged the sale of Hillcrest Center, a retail property in the Sacramento suburb of Roseville. A private investor sold the asset to a real estate investor for $2.8 million, or $136 per square foot. Located at 1018 Douglas Blvd., Hillcrest Center offers 20,265 square feet of retail space. Wyatt Figueroa and Edward Nelson of Marcus & Millichap represented the seller, while Nelson and Dominic Mazzoni of Marcus & Millichap procured the buyer in the transaction.

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Matt Williamson Pavlov Media FutureProofing Quote from article

In the rapidly evolving landscape of multifamily technology, owners and operators face a critical challenge to staying competitive. As demand for high-speed internet and robust connectivity grows, it is essential to adapt quickly. However, constantly upgrading infrastructure can be prohibitively expensive and time-consuming. The solution lies in future-proofing properties — building an adaptable infrastructure that can support unknown future technological needs. “Future-proofing is a matter of having infrastructure capable of supporting what we don’t know we will want later,” says Matt Williamson, lead sales engineer at Pavlov Media, which provides Wi-Fi, fiber-optic internet service and managed digital services to multifamily properties. Future-proofing involves implementing scalable and flexible communication systems that accommodate both current and emerging digital demands. By focusing on future-proofing, multifamily properties can meet residents’ increasing expectations for high-speed internet and comprehensive Wi-Fi coverage while also reducing operational costs and enhancing overall efficiency. Balance Current Needs with Future Trends “Multifamily residents now expect extremely high-speed internet connections in their units and throughout the entire property, including common areas like gyms, conference rooms, pools and walking paths,” Williamson says. Residents want robust internet connections for activities such as streaming, video calls and remote home monitoring. The importance of upload speeds …

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Alaire-Apts-Renton-WA

RENTON, WASH. — RISE Properties and Tokyu Land have completed the sale of Alaire, an apartment property in the Seattle suburb of Renton, to Greystar for an undisclosed price. Situated on 18 acres, Alaire features 357 one-, two- and three-bedroom apartments with Shaker-style cabinets, stainless steel appliances and new lighting and plumbing fixtures. Select units have walk-in closets, laundry rooms or wood-burning fireplaces and top-floor apartments feature vaulted ceilings. Community amenities include two clubhouses with outdoor heated pools, a fitness center, outdoor barbecue areas, a full-size sports court, TV lounge, game room, sauna and dog park. Philip Assouad, Giovanni Napoli, Ryan Harmon, Nicholas Ruggiero and Anthony Palladino of Institutional Property Advisors, a division of Marcus & Millichap, represented the sellers and procured the buyer in the deal.

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1400-Long-Beach-Blvd-Long-Beach-CA

LONG BEACH, CALIF. — Los Angeles-based Meta Housing Corp., in partnership with Foundation for Affordable Housing, has broken ground on 1400 Long Beach, an affordable housing community in Long Beach, a suburb south of Los Angeles. Located at 1400 Long Beach Blvd., the development will be a six-story residential building offering 163 one-, two- and three-bedroom units. Onsite amenities will include a community room, technology hub and private courtyard. The project will offer housing for low- and moderate-income family households earning between 30 percent and 70 percent of the area median income. Project partners include Foundation for Affordable Housing, California Housing Finance Agency, Bank of America, Century Housing Corp., California Tax Credit Allocation Committee and California Debt Limit Allocation Committee.

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Atrium-Plaza-Greenwood-Village-CO

GREENWOOD VILLAGE, COLO. — DPC Cos. has purchased Atrium Plaza, an office building in the Denver suburb of Greenwood Village, for $5 million. The buyer, which specializes in the acquisition and development of commercial property in Colorado, Arizona and the Rocky Mountains Region, plans to use the property at 5675 DTC Blvd. as its new headquarters. Denver-based THK Associates will occupy 8,800 square feet of space the property.

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192nd-Plaza-Camas-WA

CAMAS, WASH. — Marcus & Millichap has negotiated the sale of 192nd Plaza, a retail asset in Camas, just across the Columbia River from Portland, Oregon. A limited liability company sold property to local investors for $9.6 million, or $276 per square foot. Located at 2005 SE 192nd Ave. and 2011 SE 192nd Ave., 192nd Plaza features 34,923 square feet of retail space. Built in 2010, the property is fully occupied by 11 tenants. Clayton Brown, Dylan Wolf and Ruthanne Loar of Marcus & Millichap’s Seattle office represented the seller in the transaction.

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TUCSON, ARIZ. — Cushman & Wakefield | PICOR has arranged the sale of Rita Ranch Commercial Center, Lots 57, 58 and 59, totaling 15 acres of industrial land in Tucson. Ron Zimmerman, Jesse Blum and Paul Hooker of Cushman & Wakefield | PICOR represented the seller, while Sam Rutledge of Commercial Properties represented the buyer in the transaction.

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