OCEANSIDE, CALIF. — Marcus & Millichap has negotiated the sale of 1210 South Nevada Street, an 11-unit property in Oceanside. The building houses eight two-bedroom units and three one bedroom apartments. The community also features 11 single-car garages and 12 offsite parking spaces. Matt Vessell sold the asset to Matt Pace for $3.3 million. Adrian Grobelny and Conor Brennan of Marcus & Millichap’s San Diego Del Mar office represented the seller and procured the buyer in the deal.
SOUTH LAKEWOOD, COLO. — S2 Capital has acquired Dartmouth Woods, a 201-unit asset in South Lakewood, approximately eight miles west of downtown Denver, for an undisclosed price. Dartmouth Woods was constructed in 1990. Located at 10025 W. Dartmouth Ave., the property consists of buildings that rise two and three stories. The buyer plans to implement interior renovations, including stainless steel appliances, modern lighting, new flooring and updated cabinets, along with extensive renovations to the exterior and amenities space.
STEAMBOAT SPRINGS, COLO. — JLL Capital Markets has arranged a $72.4 million construction loan for The Amble, a 42-unit project to be situated at the base of Steamboat Springs Ski Resort in Steamboat Springs. JLL worked on behalf of the borrower, East West Partners, to secure the financing through a regional bank.Leon McBroom, Mark Erland and Kevin Barron led the JLL Capital Markets Debt Advisory team. The Amble is located on a 1.6-acre site at 2300 Mount Warner Cir. The building will rise five stories. The property will feature 6,500 square feet …
SAN DIEGO, CALIF. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the sale of Mar at Mesa Apartment Homes in San Diego. Chris Zorbas, Alexander Garcia Jr. and Kyle Pinkalla of IPA represented the undisclosed seller and procured the buyer, an affiliate of F&F Properties, in the transaction. The sales price was not disclosed. Mar at Mesa was built in 1988 and renovated in 2022. The community offers 62 units in one-and two-bedroom layouts. Apartments feature breakfast bars, dishwashers, large closets, patios and balconies. Amenities …
DENVER — Kaufman Hagan Commercial Real Estate has arranged the sale of Lowry Pines, a 34-unit property located at 835 S. Quebec St. in Denver. The asset traded for $5.1 million. Lowry Pines features amenities such as an interior courtyard. Andrew Vollert and Brandon Kaufman of Kaufman Hagan Commercial Real Estate represented the undisclosed seller in the deal. The identity of the buyer was also not disclosed.
DENVER — NorthPeak Commercial Advisors has negotiated the sale of an 11-unit property located at 995 Corona St. in Denver. The asset traded hands for $2.3 million. Greg Johnson and Conner Piretti of NorthPeak Commercial represented the undisclosed seller in the deal. The name of the buyer was also not disclosed.
FORT COLLINS, COLO. — Thompson Thrift has released plans for The Landing at Lemay in Fort Collins. The Landing at Lemay will comprise 344 units on a 17-acre site. The community will offer carriage homes with apartments built over attached private garages and electric vehicle charging capabilities. Units will come in one-, two- and three-bedroom floor plans. Amenities will include a fitness center, pool, fire pits, a billiards and shuffleboard area, dog park, pet spa, community-wide Wi-Fi and outdoor entertainment kitchen. Construction is slated to begin in July and move-ins …
LONGMONT, COLO. — Capstone Apartment Partners has negotiated the sale of Eastglen Apartments, a 109,210-square-foot community in the northern Denver suburb of Longmont. Eastglen Apartments comprises 102 apartments, with 20 percent designated as Low-Income Housing Tax Credit units. Sean Holamon, Adam Riddle and Jason Koch of Capstone Apartment Partners brokered the transaction. Two Arrows Group acquired the asset for an undisclosed price. The seller was not disclosed.
PUEBLO, COLO. — BWE has negotiated a $39.4 million HUD 221(d)(4) loan to facilitate the construction of Pueblo Springs, a 199-unit community in Pueblo. James Swanson of BWE’s Phoenix office originated the non-recourse, fully assumable loan, which features a 40 year, fully amortizing term. Pueblo Springs will offer amenities such as a clubhouse, fitness center, business center, community room, bike storage, pool, BBQ and picnic areas, walking paths, 24-hour emergency staff, and gated entry. The borrower and developer was Arizona-based ESH Development LLC. Colorado Structures Inc. is the general contractor …
EATON, COLO. — JLL Capital Markets has arranged $5.8 million in financing for Benjamin Square, a 60-unit affordable housing community in Eaton. Benjamin Square consists of 10 buildings. The property was completed in 1979 and 1980. Apartments come in one-bedroom layouts. Amenities include a laundry room, community lounge and covered gazebo. JLL represented the borrower, Brikwell, to secure the fixed-rate senior loan through Freddie Mac Multifamily. Brikwell was also able to renew and extend the community’s Project-Based Section 8 HAP contract prior to acquisition and loan closing, allowing the property to …
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