Western

Tina-Frias
DevelopmentIndustry VoicesNevadaWestern

How Partnerships and Policy Can Shape Las Vegas’ Housing Future

by Lynn Peisner

Las Vegas is known for its glistening lights and reputation as the city that never sleeps. But beyond entertainment and world-class dining, approximately 2.4 million people call the valley home. Nevada’s lack of state income tax and pro-business environment has made it a magnet for business as new industries continue to choose Southern Nevada as a hub. As a result, the Las Vegas metro area welcomes more than 4,000 new residents every month. This growth is a testament to our region’s vitality, but it also underscores a defining challenge: the …

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VentureonVenetucci-Colorado-Springs
ColoradoDevelopmentNewsWestern

Thompson Thrift Announces Colorado Springs Development

by Lynn Peisner

COLORADO SPRING, COLO. — Thompson Thrift has announced plans to develop Venture on Venetucci in Colorado Springs. The 336-unit property is estimated to be complete by March 2027. Located at 4446 Venetucci Blvd., the 16.5-acre Venture on Venetucci will feature one-, two- and three-bedroom floor plans. Unit and community highlights include private yard options, detached garages, full-size washers and dryers, high-speed internet access, an Amazon package hub, a heated pool, a 24-hour fitness center, a pickleball court, a dog park and coworking space. Indianapolis-based Thompson Thrift has developed 12 properties in …

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Novel-Denver-Uptown
ColoradoDevelopmentNewsWestern

Crescent Communities Opens NOVEL Uptown in Denver

by Lynn Peisner

DENVER — Crescent Communities has opened NOVEL Uptown in Denver. The five-story community includes 261 apartments in a mix of studio, one-bedroom and two-bedroom layouts. Corvus Coffee is a retail tenant at the project. BMO and Oxford Properties Group were financial partners. The construction and development team consisted of Tryba Architects (architecture), Kimley-Horn (civil engineering), Dig Studio (landscape architecture), ESG and Milender White (interior design and general contracting, respectively). Crescent Communities has been active in the past year in Colorado. NOVEL RiNo in Denver’s River North Arts District opened in …

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Sonterra-Roseville
CaliforniaInvestment SalesNewsWestern

CONAM Group Buys Sonterra in Suburban Sacramento

by Lynn Peisner

ROSEVILLE, CALIF. —  The CONAM Group has acquired Sonterra Apartments in Roseville, 19 miles northeast of Sacramento, California. The 136-unit property, developed in 2001, is comprised of 10 two-story garden-style buildings situated on about 7 acres. The community offers a 24-hour fitness center, a resort-style pool and hot tub, a barbecue area, a resident clubhouse and leasing office, an outdoor fireplace, picnic areas, package lockers and a bocce ball court. The seller and sales price were not disclosed.

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CaliforniaColoradoFinanceGeorgiaNewsSoutheastTennesseeWestern

Walker & Dunlop Arranges IMT’s $625 Million Portfolio Refinancing

by Lynn Peisner

SHERMAN OAKS, CALIF. — Walker & Dunlop has arranged $625 million in fixed-rate Freddie Mac loans on behalf of Sherman Oaks-based IMT Capital. The company is refinancing eight garden-style properties in six metros — San Diego, Los Angeles, Denver, Atlanta, San Francisco and Nashville, Tennessee. The portfolio is comprised of 3,096 units. Walker & Dunlop’s team was led by Cory Wizenberg, Matt Wallach, Stephen West, Walker Layne, AJ Wright and Sebastian Tamayo.

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Cimarron-Apartments-Mesa
ArizonaInvestment SalesNewsWestern

Rockwell Property Co. Acquires Cimarron in Mesa for $33 Million

by Lynn Peisner

MESA, ARIZ. — Chicago-based investment firm Rockwell Property Co. has acquired Cimarron Apartments in the Phoenix suburb of Mesa for $33 million. The seller was a local family that had owned Cimarron as part of a portfolio for approximately 10 years. Built in 1985, the 210-unit garden-style community spans about 5 acres and features gated parking, an interior courtyard, a fitness center, a resort-style pool and hot tub, a dog park and a lawn games area. Rockwell is planning a value-add program that will focus on select unit upgrades and …

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Ventura-VIllas-Tucson
ArizonaInvestment SalesNewsWestern

Northmarq Arranges $32 Million Sale in Tucson

by Lynn Peisner

TUCSON, ARIZ. — Pacific Transwest — Nevada has acquired Ventura Villas in Tucson for $32 million. The seller was an LLC doing business as RDM Tucson. Northmarq arranged the sale, represented the seller. Built in 1989, Ventura Villas features one- and two-bedroom units, averaging 606 square feet. The community features a resort-style pool, a basketball court, a playground and laundry facilities. Northmarq’s Phoenix-based multifamily investment sales team was led by Trevor Koskovich, Jesse Hudson, Ryan Boyle and Logan Baca. Ventura Villas is located at 6200 S. Campbell Ave.

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Cove-at-West-Covina
CaliforniaInvestment SalesNewsWestern

Advanced Real Estate Buys L.A. County Asset for $41 Million

by Lynn Peisner

WEST COVINA, CALIF. — Advanced Real Estate has acquired the 138-unit Cove at West Covina for $41 million. The asset was acquired as the first purchase with Advanced’s new opportunity fund. The property features two pools with cabanas, a fitness center, fire pits, garages and an open landscaped area. Advanced plans to complete renovations and upgrades at the property, including the addition of in-unit washers and dryers, new cabinetry, flooring, fixtures, appliances, windows and new paint. These projects will be completed by R3 Construction, which is Advanced Real Estate’s in-house …

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The-Quincy-at-Kierland-Scottsdale
ArizonaInvestment SalesNewsWestern

Stockdale Capital Partners Acquires Property in Scottsdale

by Lynn Peisner

SCOTTSDALE, ARIZ. — Stockdale Capital Partners, a Los Angeles-based private equity firm, has acquired The Quincy at Kierland in Scottsdale in an all-cash transaction. The sales price was not disclosed. The seller was EMBREY, the merchant developer that completed construction in 2024. The property is located at 15826 N. Scottsdale Road in the 730-acre master planned community of Kierland. The Quincy at Kierland features a mix of one- and two-bedroom units with stainless steel appliances and washers and dryers. Amenities include a resort-style pool with a pool house and fireside …

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Atrium-Garden-San-Jose
CaliforniaInvestment SalesNewsWestern

Atrium Garden in San Jose Sells for $18.5 Million

by Lynn Peisner

SAN JOSE, CALIF. — Marcus & Millichap has brokered the sale of Atrium Garden in San Jose for $18.5 million. Neither the buyer’s nor the seller’s identity was disclosed. The 160-unit property offers furnished studio units aimed at short-term rentals for tech-industry workers. Constructed in 2000, Atrium Garden is a four-story building with 159 studios and a one-bedroom manager’s apartment. Studios are furnished with a bed, bedside table and lamp, a lounge chair, a built-in desk and chair, a television, microwave, mini-refrigerator and a stove or hotplate. Amenities include a …

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