Western

NV Ventures Acquires Flagstaff Property

by Lynn Peisner October 31, 2025

FLAGSTAFF, ARIZ. — Neighborhood Ventures (NV) has acquired Venture on Route 66 in Flagstaff as part of a Section 721 UPREIT exchange valued at $5.5 million. The 24-unit property is fully occupied and offers studios and one-bedroom units at asking rents, which include utilities and Wi-Fi, ranging from $1,375 to $1,895, according to the property website. NV is a Phoenix-based online multifamily investment company. A 721 UPREIT, or Umbrella Partnership Real Estate Investment Trust, exchange is a tax-deferred transaction that allows property owners to exchange real estate for ownership units …

October 31, 2025

Affordable Housing California Development Finance News Western

Priority Capital Arranges $28 Million Loan for Los Angeles Development

by Lynn Peisner October 31, 2025

LOS ANGELES, CALIF. — Priority Capital Advisory has arranged a $28 million loan on behalf of CityPads, a private equity fund manager and developer with operations based in Chicago and Los Angeles. The senior debt financing is for the development of a 92-unit property in West Los Angeles. Zachary Streit of Priority Capital Advisory brokered the loan along with Lucas Borges of JLL. CityPads has begun construction, and completion is slated for 2026. The property’s unit mix will consist of 38 studios (33 market rate, five affordable), 53 one-bedroom units …

October 31, 2025

California Development Finance News Western

Hines Breaks Ground on $380 Million First Phase of Riverwalk San Diego

by Lynn Peisner October 30, 2025

SAN DIEGO — Hines, along with project partners Affinius Capital, Bank OZK, Related Fund Management and Heitman, has begun construction on Phase I of Riverwalk San Diego, a 200-acre transit-oriented mixed-use project situated on a former golf course in the Mission Valley submarket of San Diego. The overall project cost is approximately $3 billion. The groundbreaking follows the securing of $380 million in construction financing, comprising a $278 million senior loan from Bank OZK and a $102 million mezzanine loan provided by Related Fund Management, which originated the investment through …

October 30, 2025

Arizona Investment Sales News Western

JLL Arranges $20 Million Value-Add Sale in Metro Phoenix

by Lynn Peisner October 29, 2025

GLENDALE, ARIZ. — Wealhouse Capital Management has sold Summers Point in Glendale for $20 million. JLL represented Wealhouse and arranged acquisition financing in the transaction. The identity of the buyer was not disclosed. Summers Point was built in 1980 and features 16 buildings across 4.3 acres with a unit mix that includes studios, one- and two-bedroom apartments averaging 572 square feet. The former owner renovated 98 of the 164 units, leaving value-add potential for future renovations on the remaining 66 units. Renovated units feature white shaker cabinetry with brushed nickel …

October 29, 2025

Architecture & Design California Development News Western

KTGY, Hanover Co. Break Ground on Market-Rate Community in Bay Area Mixed-Use Project

by Lynn Peisner October 28, 2025

SAN JOSE, CALIF. — Developer Hanover Co. and architect KTGY have begun construction of Hanover Parkside, the first residential building located within Coyote Creek Village, a 22-acre mixed-use development in North San Jose. KTGY designed the three market-rate buildings, comprising 1,140 units, within 9.3 acres of the project. The master plan also includes 154 for-sale townhomes developed by SummerHill Homes and 136 affordable rental apartments that The Pacific Cos. will deliver in future phases. The first building, Hanover Parkside, is slated for completion by the fourth quarter of 2027. The …

October 28, 2025

Investment Sales News Washington Western

IPA Arranges $48 Million Sale in Bellingham, Washington

by Lynn Peisner October 27, 2025

BELLINGHAM, WASH. — CEP Multifamily has sold Barkley Apartment Homes to buyer HB Management for $47.9 million. IPA’s Ryan Harmon, Giovanni Napoli, Philip Assouad, Nick Ruggiero and Anthony Palladino arranged the sale. Barkley Apartment Homes is a 202-unit property in the Barkley neighborhood of Bellingham. The asset’s sale price equates to $237,129 per unit. CEP Multifamily is based in Everett, Washington, and HB Management is headquartered in Seattle. Barkley Apartment Homes was built between 2001 and 2003 on approximately 10 acres. The 17-building property has a central leasing office, a …

October 27, 2025

Affordable Housing Arkansas Colorado Finance Louisiana Mississippi New Mexico News Southeast Texas Western

Federal Home Loan Bank of Dallas Awards $73.5 Million in Affordable Housing Grants

by Lynn Peisner October 24, 2025

DALLAS — The Federal Home Loan Bank of Dallas (FHLB Dallas) has awarded $73.5 million in affordable housing grants to 53 projects in Arkansas, Colorado, Louisiana, Mississippi, New Mexico and Texas. FHLB Dallas is part of the Federal Home Loan Bank System, which consists of 11 district Federal Home Loan Banks created in 1932 to provide capital for mortgage funding and support for community investment. FHLB Dallas annually returns at least 10 percent of its profits in the form of affordable housing grants to the communities served by its member …

October 24, 2025

Affordable Housing Colorado Georgia Maryland Midwest New York News Northeast Ohio Operations South Carolina Southeast Texas Virginia Western Wisconsin

WinnResidential Tapped to Manage 28-Property Affordable Housing Portfolio

by Lynn Peisner October 23, 2025

INDIANAPOLIS — WinnResidential has been retained by KCG Cos. to operate 28 of the Indianapolis-based developer’s properties. Winn assumed leadership of operations and property management of 4,147 units in July and is expected to be selected to manage future communities over the coming year. KCG-owned workforce and affordable housing communities are located in Colorado, Georgia, Maryland, New York, Ohio, South Carolina, Texas, Virginia and Wisconsin. The company’s portfolio is comprised of approximately 34 communities. WinnResidential is the property management division of Boston-based WinnCompanies.

October 23, 2025

California Investment Sales News Western

Marcus & Millichap Brokers $24.4 Million Bay Area Sale

by Lynn Peisner October 21, 2025

CASTRO VALLEY AND REDWOOD CITY, CALIF. — The Levin Johnston team of Marcus & Millichap has arranged the $24.4 million sale of two California assets. Park Tower Townhomes & Apartments, a 52-unit community in Castro Valley, and 280 Howland St., an 18-unit property in Redwood City, represented the upleg of a 1031 exchange completed by an undisclosed buyer who disposed of three other properties to complete the transaction. The deal was arranged by Robert Johnston, Adam Levin and Jessica Tomasetti.

October 21, 2025

Colorado Investment Sales News Western

Brixton Capital Buys Whisper Creek in Southwest Denver

by Lynn Peisner October 17, 2025

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.

October 17, 2025

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