SALT CITY LAKE AND OGDEN, UTAH — Veritas Investments, alongside Refound Residential as capital partner, has purchased three mid-rise multifamily properties in Ogden and Salt Lake City. Terms of the transactions were not released. Northmarq’s Rawley Nielsen and Mark Jensen represented the sellers in all three transactions. Totaling 257 units, the properties include:
CENTENNIAL, COLO. — Continental Realty Corp. (CRC) has acquired Quebec Village Shopping Center, located at 8223 S. Quebec St. in Centennial, from Kensington Development Partners for $31 million. This adds to CRC’s regional portfolio, which includes the 266,000-square-foot Thornton Town Center that the company acquired earlier this year. Brad Lyons of CBRE represented the seller in the deal. Built in 1988, Quebec Village Shopping Center features 125,000 square feet, including a 43,000-square-foot space leased to Amazon Grocery that is currently dark. Current tenants include Chase Bank, GNC and Starbucks Coffee.
PEORIA, ARIZ. — CBRE has arranged the sale of Thunderbird 101, a two-building office park at 14050 and 14100 N. 83rd Ave. in Peoria. An undisclosed seller sold the asset to a buyer group including Holualoa Cos. and David Walter of DWRE. Geoffrey Turbow and Anthony DeLorenzo of CBRE represented the undisclosed seller in the transaction. Completed in 2005, Thunderbird 101 consists of two two-story multi-tenant office buildings on 10.9 acres. Totaling 143,597 square feet, the property offers a range of suite sizes for healthcare, financial services, real estate and other professional services users, as well as 718 parking spaces. CBRE’s Property Management will manage the property, and Ashley Brooks and Jasmina Bays of CBRE will lead leasing efforts for the asset.
Berkadia recently partnered with the Chen Institute for Global Real Estate Finance at NYU Stern School of Business for the third annual Multifamily Investment Case Competition, held October 15–16. The competition brought together graduate student teams from leading business schools across the country to explore how technology can enhance investment returns in the multifamily sector. Participants were challenged to develop strategies at the intersection of apartment operations, technology and innovation financing — areas that do not often converge in traditional business school curricula. “Berkadia was honored to partner with NYU Stern for the third year in a row, highlighting our commitment to supporting young professionals and future leaders in real estate,” said Justin Wheeler, Berkadia’s CEO. “Engaging with eager, thoughtful participants and judges with deep expertise in the multifamily industry was both exciting and inspiring. This event was made possible by the dedication of university teams, fellow judges and NYU’s sustained support.” This year’s competition included teams from NYU Stern, Columbia Business School, UCLA Anderson, the University of Wisconsin–Madison’s School of Business, the University of Florida Warrington College of Business and the University of Texas at Austin McCombs School of Business. An accomplished group of industry leaders served as judges, …
RENO, NEV. — Reno-based Metcalf Builders has broken ground on Skyline Flats, an affordable housing development in Reno. Developed in partnership with Dominium, the 570,663-square-foot community will feature 14 residential buildings offering a total of 402 apartments. Residences will offer in-unit laundry and modern finishes. The property will feature sustainable components, including an onsite solar energy system to offset common-area and operational energy demands. Additionally, the community will incorporate modern energy-efficiency, accessibility and life-safety standards throughout. Construction of Skyline Flats is underway, with completion slated for January 2029.
LAS VEGAS — The Bascom Group has refinanced Gateway Villas Apartments in Las Vegas with a $30.8 million loan. Brian Eisendrath, Cameron Chalfant, Jesse Zarouk and Jake Vitta of IPA Capital Markets arranged the financing, with Bridge Investment Group providing the loan. The Bascom Group acquired the 200-unit community in December 2021. Gateway Villas was constructed in 1984 and 1985 and comprises one- and two-bedroom units and a pool, clubhouse, fitness center, putting green and grilling area. Bascom completed a renovation program during its hold that updated amenities and repurposed the putting green into a central park with a shaded play structure.
FOUNTAIN VALLEY, CALIF. — SlateView Capital has completed the acquisition of Parkview Estates, a 151-unit assisted living and memory care community located in Fountain View, approximately 40 miles southeast of Los Angeles. Amenities at the property, which was completed in 2021, include restaurant-style dining, activity spaces, a fitness and therapy area, a salon and a theater. The seller and sales price were not disclosed. This marks the second acquisition for SlateView since the firm’s inception. Azhar Jameeli, formerly of IRA Capital, and Kendall Young established SlateView in late August.
PALM SPRINGS, CALIF. — Slatt Capital has arranged a $12 million loan to refinance Gene Autry Plaza, a 60,629-square-foot multi-tenant retail center located in Palm Springs. Michael Kaplan and Andrew Friedeberg of Slatt Capital arranged the five-year permanent loan, which was structured with a 30-year amortization schedule, through a life insurance company on behalf of the unnamed borrower. Smart & Final Extra! anchors Gene Autry Plaza, which was built in 2009. Additional tenants at the property include Staples, Sports Clips, Goody’s Café, Panera Bread, Firehouse Subs and Five Guys.
FAIRFIELD AND VACAVILLE, CALIF. — Newmark has brokered the sale of NorthBay Health Medical Outpatient Building Collection in Northern California’s Solano County. Totaling 222,073 square feet, the six fully leased healthcare buildings are located in Fairfield and Vacaville, Calif. NorthBay Health fully occupies the portfolio, which comprises five medical outpatient facilities and NorthBay Health’s office headquarters. HealthCore Foundation acquired the portfolio for $130 million. Ben Appel, Justin Shepherd, Jay Miele, John Naro, Michael Greely and Ron Ott of Newmark advised the undisclosed seller in the deal.
DENVER — Colliers Denver Investment Services Group has arranged the sale of 4001 Holly Street, a multi-tenant industrial building on 2.5 acres in Denver’s North Central submarket. DMS Real Estate sold the asset to Watumull Properties Corp. for $8.5 million. T.J. Smith, Nick Rice and Brad Calbert of Colliers Denver Investment Services Group represented the seller in the deal. At the time of sale, the 53,740-square-foot property was fully leased to three tenants. The building is demised into five small-bay units, each with dock-high and drive-in loading, and includes a fenced, paved and lighted outdoor storage yard.
