LITTLETON, COLO. – The 277-unit Columbine Meadows apartments in Littleton has received $25 million in financing. The funds were arranged for Ken Caryl Wadsworth Development Company by Charlie Williams of KeyBank’s Multifamily Production Group. The 10-year Freddie Mac loan will allow Ken Caryl to refinance the community back to the original principal balance.It features a fixed interest rate and a 30-year amortization schedule.
Western
DENVER — Avison Young has opened an office in Denver. The Canada-based commercial real estate firm has recruited 11 members to head up its newest American outpost. They include Alec Wynne, who will serve as principal and managing director; Justin Rayburn, who will act as principal; and Phil Ruschmeyer who joins as senior vice president.
LOS ANGELES – A 6,273-square-foot retail property located at 921 N. La Cienega Blvd. in Los Angeles has sold to John Nelson Antiques for $4.3 million. The property resides in the La Cienega Design Quarter. The seller, Bausman & Company, was represented by Douglas Golden of NAI Capital’s Orange County office.
PORTLAND, ORE. – The 38-unit Elysian Gardens apartments in Portland has sold to Eberle-Sandalwood LLC for $3.9 million. It is located at 2651 NW Upshur Street. Eberle-Sandalwood was represented by Tyler Johnson of Marcus & Millichap’s Portland office.
SEATTLE – The 27-unit Eagle Court apartments in Seattle has sold to a private investor for $3.6 million. The community is located at 2121 East Jefferson Street. The buyer was represented by Daniel Chan and Timothy McKay of Marcus & Millichap’s Seattle office.
SAN DIEGO – An 18-unit apartment building located at 4626 Bancroft Street in San Diego has sold to Blue Corner Capital LLC for $2.2 million. The community resides within the Normal Heights neighborhood. Blue Corner was represented by Rita Lancaster-Hannah of Colliers International.The seller, Casa Del Rio LLC, was represented by William R. Anderson of ACRE.
LOS ANGELES – A 6,273-square-foot retail property located at 921 N. La Cienega Blvd. in Los Angeles has sold to John Nelson Antiques for $4.3 million. The property resides in the La Cienega Design Quarter. The seller, Bausman & Company, was represented by Douglas Golden of NAI Capital’s Orange County office.
PORTLAND, ORE. – The 38-unit Elysian Gardens apartments in Portland has sold to Eberle-Sandalwood LLC for $3.9 million. It is located at 2651 NW Upshur Street. Eberle-Sandalwood was represented by Tyler Johnson of Marcus & Millichap’s Portland office.
SEATTLE – The 27-unit Eagle Court apartments in Seattle has sold to a private investor for $3.6 million. The community is located at 2121 East Jefferson Street. The buyer was represented by Daniel Chan and Timothy McKay of Marcus & Millichap’s Seattle office.
SAN DIEGO – An 18-unit apartment building located at 4626 Bancroft Street in San Diego has sold to Blue Corner Capital LLC for $2.2 million. The community resides within the Normal Heights neighborhood. Blue Corner was represented by Rita Lancaster-Hannah of Colliers International. The seller, Casa Del Rio LLC, was represented by William R. Anderson of ACRE.