Western

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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Obsidian-on-Glendale-Apts-Glendale-AZ.jpg

GLENDALE, ARIZ. — Tower 16 Capital Partners, in partnership with Raith Capital Partners, has acquired Ascend on Glendale, a multifamily community in Glendale’s Westgate Entertainment District. Glendale is a suburb northwest of Phoenix. The price was not disclosed, but the property was purchased for “well below today’s replacement cost,” according to the buyers. The buyers plan to invest $1 million in upgrades and rebrand the Class A property as Obsidian on Glendale. Built in 2023, the two-story, garden-style community features 216 one-, two- and three-bedroom, averaging 921 square feet. Amenities include a swimming pool, fitness center and clubhouse. David Fogler and Steven Nicoluzakis of Cushman & Wakefield represented the undisclosed seller in the transaction. Brian Share and Craig Branton of Cushman & Wakefield secured debt financing for the buyer.

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300-E-Fremont-Pl-Littleton-CO

LITTLETON, COLO. — Brixton Capital has purchased Parkside at Littleton Village, a multifamily property at 300 E. Fremont Place in Littleton, a suburb south of Denver. Terms of the transaction were not released, but Brixton plans to rebrand the property. Built in 2022, the community offers 114 units, with an average unit size of 1,215 square feet and ceiling heights from nine to 13 feet. Community amenities include a clubhouse, café, outdoor fireplaces, secure controlled entry doors and elevators, and an entertainment and game room. Additionally, the property offers a pet park, playground, co-working spaces with Wi-Fi, garage parking with electric vehicle charging stations, a fitness center, package lockers and outdoor barbecue areas. Brixton will partner with Sares-Regis to manage daily operations at the property. Matt Barnett of Walker & Dunlop represented the seller, while Brixton was self-represented in the deal.

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4261-Business-Dr-Cameron-Park-CA

CAMERON PARK, CALIF. — Canada-based Can-Windoor Hardware USA LLC has entered the United States market with the acquisition of an industrial headquarters property in Cameron Park, approximately 30 miles east of Sacramento. Reynolds Family Trust sold the asset for $5.3 million. The seller originally built the 33,183-square-foot property, located at 4261 Business Drive, as headquarters for its business, Snowline Engineering. The property includes a full rooftop solar array. Mark Hefner of Marcus & Millichap represented the seller, while David Campbell of Marcus & Millichap Capital Corp. advised the buyer and seller in the deal.

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3948-3964-University-Ave-Riverside-CA

RIVERSIDE, CALIF. — Progressive Real Estate Partners has negotiated the sale of a retail strip center located at 3948-3964 University Ave. in the Inland Empire city of Riverside. A Los Angeles-based seller sold the asset to an Orange County-based private investor for $3.6 million, or $503 per square foot. Fully leased to six tenants at the time of sale, the 7,250-square-foot property offers suites ranging from 750 square feet to 1,750 square feet. The asset was recently remodeled. Greg Bedell of Progressive Real Estate Partners represented the seller, while Girges Gad of Pacific Realty & Finance represented the buyer in the transaction.

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