Western

JLL Arranges $125 Million Refinancing for Amidi Group’s Downtown Glendale Project

by Lynn Peisner December 18, 2025

GLENDALE, CALIF. — JLL Capital Markets has arranged a $125 million loan from Oaktree Capital Management secured by The Amidi Group’s TenTen Campus in Glendale. The loan enables The Amidi Group to retire existing construction debt on the eight-story newly developed property. Residents began moving in February 2025. The property was 95 percent occupied at the time of the transaction’s closing. Spanning 220,018 square feet, the property’s 228 units are offered as studios, one- and two-bedroom apartments. Amenities include a resort-style pool and hot tub, a rooftop terrace with skyline …

December 18, 2025

Colorado Investment Sales News Western

The Milestone Group Buys Bucking Horse Apartments in Fort Collins

by Lynn Peisner December 18, 2025

FORT COLLINS, COLO. — Equus Capital Partners has sold Bucking Horse Apartments in Fort Collins to The Milestone Group for an undisclosed amount. Newmark arranged the sale as well as acquisition financing. Bucking Horse Apartments offers one-, two- and three-bedroom units as well as 18 townhomes with attached garages. Apartments feature open-concept layouts, private balconies or patios with exterior storage closets and kitchens equipped with stainless steel appliances and islands. Amenities are anchored by The Ranch House clubhouse, which includes a private movie theater, resident lounge space, a resort-style pool …

December 18, 2025

Affordable Housing Development Features Finance Midwest Northeast Southeast Texas Western

The Creative Capital Strategies Driving Today’s Affordable Housing Deals

by Lynn Peisner December 17, 2025

Skillful players are leveraging a bevy of public and private funding sources to get projects across the finish line. By Jack Rogers As costs of affordable housing projects continue to rise, developers are meeting the challenge by pulling together a resilient capital stack with a growing range of sources for gap financing, bridge loans and grants. They’re also diversifying the range of projects they undertake and mitigating their costs by redeveloping underutilized publicly owned property, acquiring leases for sites that are being rezoned to housing from other uses and with …

December 17, 2025

Colorado Development News Western

Wood Partners, Clarion Partners Break Ground at Metro Center in Aurora

by Lynn Peisner December 17, 2025

AURORA, COLO. — Atlanta-based Wood Partners and New York City-based Clarion Partners have broken ground on Alta Metro Center in Aurora. The joint venture expects to complete the 365-unit community by approximately the first quarter of 2028. Alta Metro Center is an Opportunity Zone, transit-oriented project located within the larger Metro Center master-planned community built around a light rail station and bus hub. The multifamily development will include art installations, two pocket parks, seating areas, play zones and outdoor fitness spaces. The community will consist of four four-story buildings with …

December 17, 2025

Colorado Development Finance News Western

Brinkman Real Estate Refinances Vistas at Villa Bella

by Lynn Peisner December 12, 2025

PUEBLO, COLO. — JLL Capital Markets has arranged a $15.4 million, five-year Fannie Mae loan for the refinancing of Vistas at Villa Bella located at 2195 Alamosa Drive in Pueblo. The borrower, Brinkman Real Estate, has completed a renovation of all 102 units. Updates include new flooring, paint, cabinets, countertops and fixtures. The sponsor also upgraded building exteriors, landscaping and renovated the clubhouse. Vistas at Villa Bella was built in 2009. JLL’s team was led by Director Rob Bova. “This refinancing allows Brinkman Real Estate to optimize their capital structure …

December 12, 2025

Arizona Build-to-Rent Investment Sales News Western

Christopher Todd Acquires Metro Phoenix BTR Community

by Lynn Peisner December 3, 2025

SURPRISE, ARIZ. — Christopher Todd Capital has acquired Yardly Paradisi, a 193-unit build-to-rent (BTR) property in Surprise, from Taylor Morrison. Northmarq arranged the sale as well as $32.8 million in acquisition financing. Scottsdale, Arizona-based Taylor Morrison is a for-sale homebuilder that also develops and acquires newly constructed for-rent housing communities under its Yardly brand. The buyer is a BTR operator known for its Christopher Todd Communities brand. Northmarq’s Phoenix-based team, led by Trevor Koskovich, Jesse Hudson and Logan Baca, represented the seller in the transaction, while Brandon Harrington, Bryan Mummaw, …

December 3, 2025

Affordable Housing California Investment Sales News Western

Eagle Partners Buys San Gabriel Valley Asset for $107 Million, Converts to Affordable Housing

by Lynn Peisner December 2, 2025

HACIENDA HEIGHTS, CALIF. — Eagle Partners has acquired Hills at Hacienda Heights, a 350-unit community about 20 miles east of Los Angeles in Hacienda Heights. The asset traded for $107 million. Institutional Property Advisors (IPA) arranged the sale, representing the undisclosed seller, and $71 million in acquisition financing for the buyer. Kevin Green, Joseph Grabiec and Gregory Harris led IPA’s team. Eagle Partners will convert the property from market-rate to affordable housing, restricting rents at 80 percent of area median income. Project partners in the conversion included Red Stone Equity …

December 2, 2025

Arizona Development News Western

Evergreen Breaks Ground on $62.5 Million Project in Metro Phoenix

by Lynn Peisner December 1, 2025

MESA, ARIZ. — Locally based Evergreen Devco has broken ground on The Homestead at Lehi, a $62.5 million, 222-unit community in Mesa. Completion is slated for August 2027. The development team includes MT Builders, BMA Architecture, Atwell (engineering services) and Collaborative V (landscape architect and land planning). The three-story garden-style property will feature one- and two-bedroom units averaging 922 square feet and amenities such as a hot tub, a fitness center, a dog park, coworking space and electric vehicle charging stations.

December 1, 2025

California Investment Sales News Western

Mogharebi Group Arranges $61.8 Million Central California Sale

by Lynn Peisner November 28, 2025

BAKERSFIELD AND CLOVIS, CALIF. — The Mogharebi Group has arranged a $61.8 million sale of two properties in California’s San Joaquin Valley. The properties were The Grove in Bakersfield and Cottonwood Grove in Clovis. A single undisclosed seller sold each property to separate California-based buyers. The Grove is a 142-unit gated community built in 1994. Situated on an 11-acre site at 4801 Fruitvale Ave., the property features townhome-style units with private garages. Amenities include two pools, a hot tub, a fitness center and grilling stations. Approximately 20 percent of the …

November 28, 2025

Arizona Development News Western

EMBREY Breaks Ground on 340-Unit Phoenix Project

by Lynn Peisner November 25, 2025

PHOENIX — EMBREY has begun construction of 12th & Greenway, a 340-unit property situated on 7 acres at North 12th Street and Greenway Parkway in Phoenix. This is EMBREY’s ninth project in Arizona since the San Antonio-based developer entered the business in 2006. Completion is slated for the third quarter of 2027. The four-story community will offer flats and townhomes and such amenities as a resort-style pool and hot tub surrounded by private cabanas, an outdoor kitchen and fireplace, a 24-hour package room, fitness and yoga studios, a game room, …

November 25, 2025

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