Monday, May 5, 2025
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Western

Eastgate-at-Greyhawk-Layton-UT
AcquisitionsMultifamilyUtahWestern

Marble Partners Acquires 108-Unit Eastgate at Greyhawk Multifamily Community in Layton, Utah

by Amy Works

LAYTON, UTAH — Los Angeles-based Marble Partners has purchased Eastgate at Greyhawk, a multifamily property located in Layton, approximately 24 miles north of Salt Lake City. Keller Investment Partner sold the asset for an undisclosed price. Constructed in 2012 on five acres, Eastgate at Greyhawk features 108 apartments, a swimming pool, pet park, playground and covered parking. Apartments offer patios or balconies, large closets and in-unit washers/dryers. Brock Zylstra and Danny Shin of Institutional Property Advisors, a division of Marcus & Millichap, represented the buyer in the transaction.

Continue Reading
FacebookTwitterLinkedinEmail
Gibson-Business-Plaza-Henderson-NV
AcquisitionsIndustrialNevadaWestern

RDS Investments Buys 33,430 SF Industrial Property in Henderson, Nevada

by Amy Works

HENDERSON, NEV. — RDS Investments & Developments has acquired an industrial building located within Gibson Business Plaza at 149 and 145 N. Gibson Road in Henderson. Gibson BP LLC sold the asset for an undisclosed price. The property offers 33,430 square feet of industrial space. Brian Riffel and Tyler Jones of The Riffel Jones Industrial team at Colliers International represented the seller in the deal.

Continue Reading
FacebookTwitterLinkedinEmail
Ready-Capital-42-Units-Glendale-AZ
ArizonaLoansMultifamilyWestern

Ready Capital Closes $4.3M Bridge Loan for Multifamily Property in Glendale

by Amy Works

GLENDALE, ARIZ. — Ready Capital has closed a $4.3 million bridge-to-Freddie Mac financing for the acquisition, renovation and stabilization of an apartment community in Glendale. Upon acquisition, the undisclosed sponsor will implement a capital expenditure plan for the property’s 42 units and common areas. Ready Capital closed the non-recourse, interest-only, floating-rate loan, which features a 24-month term, two extension options and is inclusive of a facility to provide future funding for capital expenditures. Additionally, the sponsor has the ability to execute a low-cost refinancing with Ready Capital’s Freddie Mac SBL loan program.

Continue Reading
FacebookTwitterLinkedinEmail
5300-H350-Hellyer-Ave-San-Jose-CA
AcquisitionsCaliforniaIndustrialWestern

Empire Square Group Sells 160,000 SF Manufacturing, Office Campus in San Jose for $64.3M

by Amy Works

SAN JOSE, CALIF. — Empire Square Group has completed the disposition of a two-building advanced manufacturing and office campus located at 5300-5350 Hellyer Ave. in South San Jose. J&J Properties acquired the asset for $64.3 million. Joe Moriarty, Scott Prosser and Jack DePuy of CBRE Capital Markets brokered the sale. Brad Zampa and Michael Walker of CBRE Capital Markets’ Debt & Structured Finance group arranged $44 million in acquisition financing for J&J Properties. The 10-year, fixed-rate, non-recourse loan was arranged through a multinational investment bank. CAES, formerly Cobham, has occupied the 160,000-square-foot asset since it was originally built in 1999, and the company has invested significant capital into facility improvements over the years. The property features specialized infrastructure including 21 kV of power and more than 1,000 tons of HVAC. CAES is a provider of analog and radiation-hardened technology for the U.S. aerospace and defense industry. The company makes off-the-shelf and customized radio frequency, microwave and high-reliability microelectronic products and subsystems.

Continue Reading
FacebookTwitterLinkedinEmail
Monroe-Apts-Milwaukie-OR
DevelopmentMultifamilyOregonWestern

Guardian Real Estate to Develop 234-Unit Monroe Apartments in Milwaukie, Oregon

by Amy Works

MILWAUKIE, ORE. — An affiliate of Guardian Real Estate Services has received preferred equity from PCCP for the development of Monroe Apartments, a multifamily property in Milwaukie, five miles south of Portland. Situated on 7.2 acres, the Class A property will feature 234 apartments spread across five residential buildings in a mix of studio, one-, two- and three-bedroom units. Unit interiors will include quartz countertops, vinyl-plank flooring, stainless steel appliances, in-unit washers/dryers, large closets and USB outlets. Community amenities will include a playground, dog park, outdoor workout area, barbecue stations and a clubhouse that will offer a feature room, bicycle storage and common area. Additionally, the community will feature 301 parking spaces.

Continue Reading
FacebookTwitterLinkedinEmail
Lakeside-Casitas-Tucson-AZ
AcquisitionsArizonaMultifamilyWestern

Bridge Investment Group Buys Lakeside Casitas in Tucson from Monarch Investment for $63.2M

by Amy Works

TUCSON, ARIZ. — Bridge Investment Group has acquired Lakeside Casitas, a multifamily property in Tucson, from Monarch Investment and Management Group for $63.2 million, or $204,032 per unit. Built in 1983 on 21 acres, Lakeside Casitas features 310 apartments, a business center, pool, spa, koi pond and covered parking. Apartments offer open-concept living areas, washers, dryers, oversized walk-in closets and private patios. Hamid Panahi, Steve Gebing and Cliff David of Institutional Property Advisors, a division of Marcus & Millichap, represented seller and procured the buyer in the deal.

Continue Reading
FacebookTwitterLinkedinEmail
Park-Fiesta-Apts-Portland-OR
AcquisitionsMultifamilyOregonWestern

Norris & Stevens Brokers $6.7M Sale of Park Fiesta Apartments in Portland

by Amy Works

PORTLAND, ORE. — Norris & Stevens has arranged the sale of Park Fiesta Apartments, a multifamily property located at 2121 SW Multnomah Blvd. in Portland. SW Multnomah Properties acquired the community from Park Fiesta LLC for $6.7 million. Constructed in 1968 on 1.1 acres, the two-story, 33,180-square-foot apartment complex features 46 units in a mix of one- and two-bedroom layouts. Community amenities include an on-site laundry facility, pool and courtyard. Cameron Mercer of Portland-based Norris & Stevens represented the buyer, while Craig McConachie of C&R Real Estate Services Co. represented the seller in the deal.

Continue Reading
FacebookTwitterLinkedinEmail
6015-Paseo-Delicias-Rancho-Santa-Fe-CA
AcquisitionsCaliforniaRetailWestern

Local Investors Acquire Retail Property in San Diego County for $5.6M

by Amy Works

RANCHO SANTA FE, CALIF. — Undisclosed local investors have purchased a commercial and retail building located in the village of Rancho Santa Fe in San Diego County. Francisco Family Partnership, which owned the property for 83 years, sold the freestanding asset for $5.6 million. The iconic property is located at 6015 Paseo Delicias. Peter Curry, Brooks Campbell and Kevin Cuff of Cushman & Wakefield represented the seller in the deal.

Continue Reading
FacebookTwitterLinkedinEmail
Arista-Uptown-Apts-Broomfield-CO
AcquisitionsColoradoMultifamilyWestern

Seagate Colorado Partners Divests of Arista Uptown Apartments in Broomfield, Colorado for $95M

by Amy Works

BROOMFIELD, COLO. — Seagate Colorado Partners has completed the sale of Arista Uptown Apartments at 8500 Arista Place within Arista, a 200-acre, transit-oriented, master-planned community in Broomfield. Kennedy Wilson and the real estate business within Goldman Sachs Asset Management acquired the property for $95 million. Completed in 2012, the property features 272 apartments in a mix of studio, one- and two-bedroom floor plans with 10-foot ceilings. Community amenities include a resort-style pool, clubhouse, fitness center and dog park. Dave Martin and Brian Mooney of Northmarq’s Denver investment sales team represented the seller in the deal. David Link and Jeff DeHarty of Northmarq’s Denver debt and equity team arranged $53 million in acquisition financing for the buyer through a long-standing life company relationship.

Continue Reading
FacebookTwitterLinkedinEmail
Halifax-Phoenix-AZ
AcquisitionsArizonaMultifamilyWestern

Jevan Capital Sells The Halifax Multifamily Property in Phoenix for $76M

by Amy Works

PHOENIX — Jevan Capital has completed the disposition of The Halifax, an apartment community in Phoenix. Western Wealth Capital acquired the property for $76 million, or $253,333 per unit. Originally constructed in 1973, the 300-unit property underwent a large-scale reconstruction from 2018 to 2021, with apartments receiving luxury finishes, property systems being upgraded and community amenities added. The Halifax offers one-, two- and three-bedroom layouts with custom cabinetry, breakfast bars and wood-style plank flooring. Select units offer granite countertops, stainless steel appliances, kitchen pantries and walk-in closets. Community amenities include a centrally located and rebuilt swimming pool and spa, modernized leasing office, business center, fitness center, two laundry facilities, freshly installed dog park and covered parking. Cliff David and Steve Gebing of Institutional Property Advisors, a division of Marcus & Millichap, represented the seller and procured the buyer in the deal.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts