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Castle Lanterra Buys Mountain Vista Apartments in Lakewood for $38M

by Nellie Day October 3, 2017

LAKEWOOD, COLO. — Castle Lanterra Properties has purchased Mountain Vista, a 257-unit apartment community located at 474 S. Wright St. in Lakewood, for $38 million. Built in 1973, the property has undergone renovations in 221 units. It is situated near Green Mountain Open Space and Matthews Winters Park, which contains nearly 5,000 acres of open space and 30 miles of hiking and biking trails. Shane Ozment, Terrance Hunt, Jeff Hawks and Doug Andrews of ARA Newmark represented the seller, Jackson Square Properties, in the transaction.

October 3, 2017

Colorado Multifamily Western

Castle Lanterra Properties Buys 257-Unit Mountain Vista Apartments in Lakewood

by Nellie Day October 2, 2017

LAKEWOOD, COLO. — Castle Lanterra Properties (CLP) has purchased the 257-unit Mountain Vista Apartments in the Denver suburb of Lakewood for an undisclosed sum. The community is located at 474 S. Wright St. Amenities include a resident clubhouse, business center, fitness center, two outdoor swimming pools, picnic areas with barbecue grills, dog park, parking and laundry rooms.

October 2, 2017

Florida Multifamily Southeast

Castle Lanterra Acquires Apartment Community in West Palm Beach for $63.5M

by Camren Skelton July 26, 2017

WEST PALM BEACH, FLA. — Castle Lanterra Properties (CLP) has purchased Loftin Place, a 259-unit multifamily community in West Palm Beach, for $63.5 million. Avery Klann of ARA Newmark brokered the transaction on behalf of the seller, Cypress Real Estate Advisors. David Layman of Greenberg Traurig and Mitch Clarfield of Berkely Point Capital represented CLP. Constructed in 2015, Loftin Place includes a mix of studio, one- and two-bedroom floor plans, and features a rooftop tennis court, jogging track, gazebo, sundeck, swimming pool, fitness center, yoga studio and grilling stations.

July 26, 2017

Multifamily Texas

Castle Lanterra Purchases 349-Unit Apartment Community in San Antonio

by Taylor Williams May 11, 2017

SAN ANTONIO — Castle Lanterra Properties has purchased Agave, a 349-unit, Class A multifamily community located at 633 S. Saint Mary’s St. near downtown San Antonio. The property, which was built in 2016, features amenities such as a resort-style pool, outdoor kitchen and gaming area, fitness center and a yoga studio. A joint venture between Greystar and asset management firm The Carlyle Group sold the property to Castle Lanterra for an undisclosed price.

May 11, 2017

California Retail Western

Pacific Castle Sells Santee Town Center in San Diego for $27M

by Nellie Day December 5, 2016

SAN DIEGO — Pacific Castle has completed the disposition of Santee Town Center, a 120,000-square-foot retail center in the San Diego submarket of Santee. An undisclosed buyer acquired the property for $27 million. Ross Dress for Less, Michael’s and Office Depot occupy the center. REZA Investment Group represented Pacific Castle in the deal.

December 5, 2016

California Retail Western

Pacific Castle Buys Retail Property in Salinas for $20M

by Nellie Day December 2, 2016

SALINAS, CALIF. — Pacific Castle has acquired Prune Tree Shopping Center in Salinas from JG Management for $20 million. Located at 17601 Vierra Canyon Road, the 131,000-square-foot property is occupied by Safeway, CVS/pharmacy, McDonald’s, Taco Bell, Starbucks Coffee and AutoZone. Pacific Castle financed the acquisition through a 1031 exchange with existing capital partners. Bryan Ley of HFF represented the undisclosed seller in transaction.

December 2, 2016

Multifamily Texas

Castle Lanterra Properties Acquires 284-Unit Apartment Property in Corpus Christi

by Amy Works December 2, 2016

CORPUS CHRISTI, TEXAS — Castle Lanterra Properties has acquired Springs at Corpus Christi, a newly built multifamily property located at 5701 Timbergate Drive in Corpus Christi’s South Side region, for an undisclosed sum. Constructed in 2014, the 284-unit property features 17 different studio, one-, two- and three-bedroom floor plans, a resort-style swimming pool, 24-hour fitness center, dog park and complimentary car care area. This property is Castle Lanterra’s second acquisition in the city and its sixth in the state. The name of the seller was not released.

December 2, 2016

Delaware Northeast Office

Delaware Skills Centers Leases 34,823 SF at Twins Spans Business Park in New Castle, Del.

by Amy Works September 30, 2016

NEW CASTLE, DEL. — The Delaware Skills Center has leased 34,823 square feet of space at 500 Ships Landing Way within Twins Spans Business Park in New Castle. A division of the New Castle County Vocational Technical School District, the adult vocational technical training center provides skills training for adults seeking careers. Harvey, Hanna & Associates owns the business park, which features 1.85 million square feet of Class A commercial warehouse space. Paul Bryant and Jeff Shahan of Wilmington, Del.-based SB Real Estate represented the tenant in the transaction.

September 30, 2016

Hospitality Louisiana Southeast

New Castle Opens 103-Room Hotel in Downtown New Orleans

by Katie Sloan September 23, 2016

NEW ORLEANS — New Castle Hotels and Resorts (NCHR) has opened a 103-suite Fairfield Inn & Suites in the French Quarter neighborhood of New Orleans. Rockbridge Capital provided financing for the project. The property is a $10 million renovation of the former Interstate Electric Co. building, built in 1910. John T. Campo Associates designed the project, which used historic tax credits and preserved the building’s façade.

September 23, 2016

Texas

Castle Lanterra Acquires 370-Unit Apartment Property in Austin

by Haisten Willis September 1, 2016

AUSTIN, TEXAS — Castle Lanterra Properties has purchased Arrangement, a 370-unit apartment property in Austin. The acquisition marks the fourth in Austin for the New York-based firm since entering the market in March 2015. Located in Austin’s East Riverside corridor, Arrangement was originally constructed in 1973 and underwent a $10 million redevelopment in 2013. The property is located less than three miles from downtown Austin.

September 1, 2016

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