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The-Vintage-Tucson-AZ
AcquisitionsArizonaMultifamilyWestern

IPA Arranges Sale of 204-Unit Multifamily Property in Tucson, Arizona

by Amy Works

TUCSON, ARIZ. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has negotiated the sale of The Vintage, an apartment community in Tucson. Clint Wadlund, Hamid Panahi, Steve Gebing and Cliff David of IPA represented the undisclosed seller and procured the undisclosed buyer in the deal. Built in 1981, The Vintage offers 204 one- and two-bedroom floor plans with private balconies or patios, window coverings and extra storage space. Community amenities include a newly renovated swimming pool and spa, laundry facility, package lockers and a 24-hour fitness center.

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FreeUp-Storage-Oak-Harbor-WA.jpg
DevelopmentIndustrialSelf-StorageWashingtonWestern

Spartan Investment Group Completes Self-Storage Facility in Oak Harbor, Washington

by Amy Works

OAK HARBOR, WASH. — Spartan Investment Group, along with its in-house development team Spartan Construction Management, has completed FreeUp Storage Oak Harbor, a ground-up self-storage project at 33650 State Route 20 in Oak Harbor. The 78,920-square-foot facility offers 583 units across eight buildings. FreeUp Storage, Spartan’s owned and operated brand of self-storage facilities, will manage the property.

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901-999-Vallejo-St-Denver-CO
AcquisitionsColoradoIndustrialWestern

Malman Real Estate Brokers Sale of 38,108 SF Industrial Property in Denver

by Amy Works

DENVER — Malman Real Estate has arranged the purchase of a 38,108-square-foot industrial property located at 901-999 Vallejo St. in Denver. 901-999 Vallejo LLC acquired the asset from East Prentice Denver Tech Center for $5.4 million. Taylor Roy and Jeff Geman of Malman represented the buyer in the off-market transaction. The seller was unrepresented.

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8thRepublican-Apts-Seattle-WA
AcquisitionsMultifamilyWashingtonWestern

CBRE Negotiates $94.8M Sale of Seattle Apartment Complex

by Amy Works

SEATTLE — CBRE has arranged the sale of 8th + Republican Apartments, a mid-rise multifamily community in Seattle’s South Lake Union neighborhood. A confidential institutional investor acquired the property from a confidential seller for $94.8 million. Eli Hanacek, Kyle Yamamoto, Mark Washington and Natalie Kasper of CBRE represented the seller in the transaction. Completed in 2016, 8th + Republican offers 211 apartments with smart home technologies, solar shades, walk-in closets, wood-style flooring, stainless steel appliances and floor-to-ceiling windows. Community amenities include an outdoor terrace with panoramic views, a fitness center, dog park and spa, a resident lounge and dry cleaning services.

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2715-Sunset-Lane-NE-Renton-WA
LoansMultifamilyWashingtonWestern

MMCC Arranges $28.1M in Financing for Sunset Terrace Apartment Community in Renton, Washington

by Amy Works

RENTON, WASH. — Marcus & Millichap Capital Corp. (MMCC) has arranged $28.1 million in financing for Sunset Terrace, a multifamily property located at 2715 Sunset Lane NE in Renton. Tammy Linden of MMCC arranged the financing with Lument on behalf of the borrower, ST Renton LLC. The transaction was executed as a HUD 223(f) loan with green certification, providing maximum leverage to retire the interim acquisition bridge loan originally arranged by Linden and MMC at the issuance of the temporary certificate of occupancy in July 2023. Sunset Terrace features 211 studio, one- and two-bedroom apartments, live/work units and two commercial tenant suites, totaling 3,986 rentable square feet. Community amenities include in-unit laundry, a fitness center, business center, clubhouse, rooftop deck with barbecue grills, gated garage parking, bike racks and pet-friendly accommodations.

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3302-W-Washington-St-Phoenix-AZ
AcquisitionsArizonaIndustrialWestern

IDI Logistics Enters Phoenix Market, Buys 101,794 SF Industrial Property for $20M

by Amy Works

PHOENIX — IDI Logistics has acquired an industrial property, located at 3302 W. Washington St. in Phoenix, from Atlas Capital Partners for $20 million. Situated on 5.2 acres, the 101,794-square-foot vacant building features a clear height of 32 feet, 12 dock-high doors, four drive-in doors and a fully secured 140-foot truck court. Tanner Ferrandi, John Wrestler and Cooper Pratt of CBRE represented the buyer and seller in the deal. The CBRE team will also serve as listing agents for the property.

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Multifamily-Project-San-Diego-CA
CaliforniaDevelopmentLoansMultifamilyWestern

PSRS Secures $13.4M in Construction Financing for Multifamily Project in San Diego

by Amy Works

SAN DIEGO — PSRS has arranged $13.4 million in construction financing for the development of a multifamily complex in San Diego. The nine-story development will offer 70 apartments, including 69 studios and a one-bedroom/one-bath unit, with an average unit size of approximately 360 square feet. Financed through a debt fund, Trevan Swierczewski and Alexander Santulis of PSRS secured a nonrecourse loan at a 75 percent loan-to-cost ratio, with a 24-month term and two six-month extension options.

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AcquisitionsCaliforniaIndustrialWestern

Voit Real Estate Brokers $10M Sale of Multi-Tenant Business Park in Irwindale, California

by Amy Works

IRWINDALE, CALIF. — Voit Real Estate Services has arranged the sale of a multi-tenant industrial and distribution park in Irwindale. DJ CRT LLC sold the asset to Dunbar Real Estate Investment Management for $10 million. Located at 1400-1430 Arrow Highway, the property offers 51,487 square feet of space spread across three grade-level freestanding buildings with a total of 16 units. At the time of sale, the asset was 56 percent occupied. Michael Hefner of Voit represented the seller and buyer in the deal.

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Alta-87-Gilbert-AZ
ArizonaDevelopmentMultifamilyWestern

Wood Partners Opens Alta 87 Apartment Complex in Metro Phoenix

by Amy Works

GILBERT, ARIZ. — Wood Partners has opened Alta 87 in Gilbert, a southeastern suburb of Phoenix located about 23 miles from downtown. Alta 87 is a 257-unit development comprised of one-, two- and three-bedroom units. Amenities include two pickleball courts, electric vehicle charging stations, a pool and hot tub and a two-story clubhouse with a fitness center,  coworking spaces, a speakeasy and bike storage. The developer broke ground in March 2024. Atlanta-based Wood Partners completed three other Alta-branded communities in Phoenix in 2024: Alta Avondale, Alta Rise and Alta Uptown.

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Pearl-St-Rose-Las-Vegas-NV
AcquisitionsMultifamilyNevadaWestern

MG Properties Acquires 270-Unit Multifamily Property in Las Vegas for $64M

by Amy Works

LAS VEGAS — MG Properties has acquired The Pearl at St. Rose, a multifamily community in Las Vegas’ Silverado Rancho master-planned community, from an affiliate of The CONAM Group for $64 million. Charles Steele, John Cunningham and Jared Glover of Berkadia represented the seller. Kevin Mignogna, Charlie Haggard, Lee Scott, Joey Guarino and Michael Beach of Berkadia arranged financing through Freddie Mac. Situated along the St. Rose Corridor in South Las Vegas, The Pearl at St. Rose offers 270 apartments with spacious floor plans and modern interior finishes. Community amenities include a pool and spa, fitness center, dog park and resident clubhouse. The property was built in 2000.

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