Investment Sales

Whisper-Creek-Lakewood
ColoradoInvestment SalesNewsWestern

Brixton Capital Buys Whisper Creek in Southwest Denver

by Lynn Peisner

LAKEWOOD, COLO. — Brixton Capital has acquired Whisper Creek in Lakewood, a Denver suburb, eight miles west of downtown. The Denver Business Journal reports that CWS Capital Partners sold the asset for $79.5 million. Built in 2002 by Fairfield Residential, Whisper Creek is a 272-unit community with a resort-style pool, 24-hour fitness center, a clubhouse, business center, grills, a pet park and a playground. Solana Beach, California-based Brixton has engaged Greystar to manage the property. Tony Nargi with JLL Capital Markets secured acquisition financing.

Continue Reading
0 FacebookTwitterLinkedinEmail
Solana-Place-at-Carlton-Commons-Casa-Grande
ArizonaBuild-to-RentInvestment SalesNewsWestern

Northmarq Arranges $30 Million Sale in Casa Grande, Arizona

by Lynn Peisner

CASA GRANDE — D.R. Horton has sold Solana at Carlton Commons to CALCAP Advisors for $30 million. Northmarq’s Phoenix multifamily investment sales team arranged the sale of the 113-unit build-to-rent property, while Northmarq’s debt and equity team arranged a $21.8 million Fannie Mae acquisition loan for CALCAP. Completed in 2023, Solana at Carlton Commons is in Casa Grande, a city about 50 miles south of Phoenix and approximately 70 miles north of Tucson. The community features three- and four-bedroom units averaging 1,381 square feet. Each residence includes stainless steel appliances, …

Continue Reading
0 FacebookTwitterLinkedinEmail
Willow-Grove-Apartments-Modesto
CaliforniaInvestment SalesNewsWestern

Mogharebi Group Arranges $34.6 Million Sale in Modesto

by Lynn Peisner

MODESTO, CALIF. — The Mogharebi Group has brokered the $34.6 million sale of Willow Grove Apartments in Modesto. The seller was a privately held real estate investment firm based in Northern California that had owned the property since 2017. The buyer was a high net worth private family also based in Northern California. Built in 1990, Willow Grove Apartments comprises 18 two- and three-story buildings offering one- and two-bedroom floor plans ranging from 700 to 900 square feet. Amenities include a resort-style pool and a fitness center.

Continue Reading
0 FacebookTwitterLinkedinEmail
Viva-Apartments-Seattle
Investment SalesNewsWashingtonWestern

Transwestern Sells Viva in Seattle

by Lynn Peisner

SEATTLE — Transwestern Investment Group has sold Viva Apartments, a 105-unit community in Seattle’s Capitol Hill neighborhood. JLL arranged the sale, representing the seller as well as the buyer, SI-Viva LLC, an affiliate of Sequel Investment Co. and Evergreen Gavekal. JLL also arranged a $22.9 million acquisition loan. Built in 2014, Viva is a six-story building with studios, one- and two-bedroom units. The property includes 76 parking spaces across two underground levels and 7,450 square feet of ground-floor retail space that is approximately 85 percent occupied. Amenities include indoor bike …

Continue Reading
0 FacebookTwitterLinkedinEmail
Palladium-Houston-Ella
Investment SalesNewsTexas

Palladium Opens $35 Million Mixed-Income Property in North Houston

by Lynn Peisner

HOUSTON — Dallas-based Palladium USA has opened Palladium Houston Ella, a $35 million, 146-unit mixed-income community in the Greenspoint neighborhood of Houston. A portion of the units (115) are reserved for renters earning no more than 30 to 60 percent of area median income. The remainder of units are rented at market rates. Palladium developed the property in partnership with the Harris County Housing Finance Corp. Amenities include a pool, a fitness center, a conference center, a playground and more. HEDK Architects designed the property, and Brownstone Construction served as …

Continue Reading
0 FacebookTwitterLinkedinEmail
The-International-at-Valley-Ranch
BerkadiaFeaturesFinanceInvestment SalesNews

Broadening Buyer Pool Signals Market Resilience

by Lynn Peisner

Multifamily fundamentals are showing encouraging signs for investors. CBRE reports that more than two units were absorbed for every unit completed during the second quarter of this year, lowering the national vacancy rate to 4.1 percent, down from 5.5 percent one year prior.  Year-over-year effective rent growth increased to 1.2 percent during the second quarter, the first time in two years the rate surpassed 1 percent.  CBRE estimates that multifamily construction starts at midyear were 74 percent below their 2021 peak and 30 percent below their pre-pandemic average. Yardi Matrix …

Continue Reading
0 FacebookTwitterLinkedinEmail
Park-Central-Apartments
Investment SalesNewsNorth CarolinaSoutheast

Fairfield Buys Midtown Raleigh High-Rise for $132.5 Million

by Lynn Peisner

RALEIGH, N.C. — KBS has sold Park Central Apartments, a 286-unit luxury high-rise community with ground-floor retail in Raleigh, to Fairfield Residential for $132.5 million. KBS developed the property with partner Raleigh-based Kane Realty Corp., delivering it in 2017. According to KBS, it is the first high-rise in Raleigh’s North Hills neighborhood. Amenities include a sky deck with a saltwater pool, a clubhouse, sauna, a dog spa, fitness and conference centers and a parking garage for residents. The units sit above 36,000 square feet of retail, including, casual dining restaurant …

Continue Reading
0 FacebookTwitterLinkedinEmail
Timbercreek-Apartments
FloridaInvestment SalesNewsSoutheast

Marcus & Millichap Arranges $7.2 Million Sale in Miami

by Lynn Peisner

MIAMI — Evan Kristol and Felipe Echarte of Marcus & Millichap’s Fort Lauderdale office have arranged the sale of Timbercreek Apartments in Kendall, a neighborhood in the southwest area of the Miami metro. The 29-unit property is located at 11098 SW 107th St. and consists of two three-story buildings totaling 25,746 square feet with a mix of one- and two-bedroom units averaging 888 square feet. Apartments feature tile flooring, updated kitchens and bathrooms and private balconies or patios. Amenities include a pool, laundry facilities and 52 surface parking spaces. The …

Continue Reading
0 FacebookTwitterLinkedinEmail
Scottsdale-on-Main
ArizonaInvestment SalesNewsWestern

IPA Arranges Sale of $66 Million Mid-Rise in Scottsdale, Arizona

by Lynn Peisner

SCOTTSDALE, ARIZ. — Baron Properties has sold Scottsdale on Main to Goodman Real Estate for $66.1 million. Institutional Property Advisors’ Steve Gebing and Cliff David represented the seller and procured the buyer. The 119-unit mid-rise property was developed in 2024. Amenities include a resort-style pool and a rooftop deck with a covered outdoor kitchen and lounge. Apartments have 10-to-12-foot ceilings, wine refrigerators, oversized pantries and walk-in showers. The average unit size is 872 square feet.

Continue Reading
0 FacebookTwitterLinkedinEmail
Affordable HousingCaliforniaInvestment SalesNewsWestern

EAH Buys Two Affordable Communities Near Los Angeles

by Lynn Peisner

LANCASTER, CALIF. — EAH Housing has acquired two affordable housing properties in Lancaster, about 69 miles north of Los Angeles. The developments, Arbor Lofts and Sagebrush I & II, provide affordable rental housing for households earning between 30 and 60 of the area median income. Arbor Lofts, located on Lancaster Boulevard, is a 21-unit low-rise community built in 2009 with four-bedroom apartments. The property also features 3,800 square feet of commercial space. Sagebrush I & II, located on Milling Street and built in 2011, offers 61 three- and four-bedroom apartments …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts
©2025 France Publications, dba France Media Inc.