Idaho

Carol Nelson Mountain Region Asset Living headshot and quote from article

Population growth in the Mountain states over the last several years has fueled historic apartment construction across Colorado and Utah. The activity has created some supply overhang in the Denver and Salt Lake City markets in particular, but continuing in-migration, housing shortages and the high cost of home ownership could sustain their resiliency, say two of Asset Living’s newest executives in the region. Based in Houston, Asset Living manages assets valued at $55 billion nationwide, including more than 1,750 apartment properties in addition to student, affordable and single-family build-to-rent housing. …

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Arbor Crossing in Boise, Idaho

BOISE, IDAHO — San Francisco-based investment firm Hamilton Zanze has sold Arbor Crossing, a 229-unit community in Boise. The sales price and buyer were not disclosed. Arbor Crossing was built in 1992 at 5122 W Stoker Lane. The property offers one-, two- and three-bedroom units with an average size of 930 square feet. Community amenities include a fitness center, business center, pool, daycare, playground, coffee and tea bar, detached garages, a sports court and a gazebo with a grilling area.

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The Larkspur in Victor, Idaho

VICTOR, IDAHO — NewPoint Real Estate Capital has provided $22.5 million in HUD/FHA 221(d)(4) construction-to-permanent financing for the development of The Larkspur, an 86-unit market rate workforce housing community in Victor. Plaza Equity Partners, a Miami-based real estate development company, broke ground on the project in October. The loan was originated by NewPoint’s Karen Kim, and features a 22-month construction period followed by a 40-year term. The Larkspur is a planned three-story garden-style community. The property will offer studio, one-, two- and three-bedroom floor plans. Amenities include an outdoor fire pit, barbecue …

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A 3D render of Canyon Ridge, a light brown and dark gray mid-rise building.

BOISE, IDAHO — Hawkins Cos. will develop Canyon Ridge in Boise. Cushman & Wakefield has arranged $56 million in construction financing for the 287-unit project. Construction is expected to be complete in May 2025, with pre-leasing beginning in spring 2024. Dave Karson, Chris Moyer, Paul Roeter and Meredith Donova of Cushman & Wakefield represented Hawkins Cos. in the transaction. The lender was Sunwest Bank.  Canyon Ridge will comprise five mid-rise buildings. Amenities will include a pool, dog park, two playgrounds, coworking spaces, a fitness center and a clubhouse. Hawkins Cos. …

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