Wednesday, December 25, 2024
Read the Digital Magazines Subscribe to the Newsletter

Western

2000 Lake Washington in Renton, Washington
Investment SalesNewsWashingtonWestern

NYLREI Sells 186-Unit 2000 Lake Washington Near Seattle for $53.2 Million

by Channing Hamilton

RENTON, WASH. — New York Life Real Estate Investors (NYLREI) has divested of 2000 Lake Washington, a 186-unit community located at 1300 N. 20th Street in the southeast Seattle suburb of Renton. The asset traded hands for $53.2 million. 2000 Lake Washington was built in 1986 and renovated in 2016. The property offers one- and two-bedroom apartments that average 706 square feet. Units feature in-unit washers/dryers and a balcony or patio. Community amenities include a fitness center, dog park, business center, clubhouse, outdoor pool, sauna and electric vehicle chargers. Eli Hanacek, …

Continue Reading
1 FacebookTwitterLinkedinEmail
Crossroads Apartments in West Valley City, Utah
Investment SalesNewsUtahWestern

Institutional Property Advisors Brokers Sale of Crossroads Apartments Near Salt Lake City

by Channing Hamilton

WEST VALLEY CITY, UTAH — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale and financing of Crossroads Apartments, a 240-unit asset in the Salt Lake City suburb of West Valley City. Crossroads Apartments was constructed in 1986 on more than 10 acres. The property offers one- and two-bedroom apartments with walk-in closets, storage rooms and a patio or balcony. Community amenities include a pool, children’s playground, basketball and tennis courts, picnic area and clubhouse. IPA’s Brock Zylstra and Danny Shin represented the seller, The …

Continue Reading
0 FacebookTwitterLinkedinEmail
4G Lofts in Santa Ana, California
CaliforniaDevelopmentInvestment SalesNewsWestern

CBRE Brokers $1.2 Million Sale of 0.3-Acre Development Site in Santa Ana, California

by Channing Hamilton

SANTA ANA, CALIF. — CBRE has arranged the $1.2 million sale of a 0.3-acre development site located at 1212 East 4th Street, near downtown Santa Ana. A 15-unit complex called 4G Lofts will be built on the site. Once completed, the community will feature studio, one- and two-bedroom units. One apartment will be designated as affordable. Income restrictions for this unit were not disclosed. The property will also feature 17 parking spaces. Michelle Jefcoat and Dan Blackwell of CBRE represented the seller, an Orange County, California-based private investor, in the …

Continue Reading
1 FacebookTwitterLinkedinEmail
La Pat Courtyard Apartments in Westminster, California
CaliforniaInvestment SalesNewsWestern

CBRE Arranges $10 Million Sale of La Pat Courtyard Apartments in Westminster, California

by Channing Hamilton

WESTMINSTER, CALIF. — CBRE has arranged the sale of La Pat Courtyard Apartments, a 30-unit community in Westminster. The community was purchased by a private investor for $10 million in a 1031 exchange. Dan Blackwell and Andrew Boukather of CBRE represented the Los Angeles-based seller in the transaction. Additionally, Blackwell and Boukather, along with Amanda Fielder, represented the Orange County-based buyer. La Pat Courtyard Apartments is situated on a 0.9-acre lot between Westminster Boulevard and Humboldt Avenue. The property was originally built in 1961 and recently underwent $1.4 million in extensive interior and exterior …

Continue Reading
0 FacebookTwitterLinkedinEmail
Hangar at Thunderbird in Glendale, Arizona
ArizonaInvestment SalesNewsWestern

IPA Brokers $69 Million Sale of Hangar at Thunderbird in Glendale, Arizona

by Channing Hamilton

GLENDALE, ARIZ. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has negotiated the sale of and financing for Hangar at Thunderbird, a 266-unit community in Glendale. Decron Properties purchased the asset from P.B. Bell for $69 million. Hangar at Thunderbird was completed in 2023. Community amenities include a pool, spa, outdoor game patio and community playground with evening lighting. Apartments feature nine-foot ceilings, vinyl plank flooring, laundry closets with full-size washers and dryers, closets with build-in shelving, and patios or balconies with exterior storage. Steve Gebing and Cliff …

Continue Reading
0 FacebookTwitterLinkedinEmail
Ray Phoenix in Phoenix
ArizonaDevelopmentNewsWestern

Ray, VeLa Development Break Ground on 401-Unit Tower in Phoenix

by Channing Hamilton

PHOENIX — Ray and VeLa Development Partners have broken ground on Ray Phoenix, a 26-story residential tower located within the Roosevelt Row Arts District in Phoenix. Ray Phoenix will offer 401 apartments. The unit mix includes 193 studios, 116 one-bedrooms and 92 two-bedroom residences. The building will total 523,000 square feet. Planned amenities include a fitness center and yoga studio, pool, communal kitchen, lounge with a theater, fireplace lounge, dog wash stations, gardens and workspaces. The property will also offer more than 4,500 square feet of ground-level retail space. Ray …

Continue Reading
0 FacebookTwitterLinkedinEmail
CaliforniaDevelopmentNewsWestern

CIM Group Opens 69-Unit The Jayne in Los Angeles

by Channing Hamilton

LOS ANGELES — CIM Group has opened The Jayne, a six-story building located at 2555 S. Mansfield Ave. in Los Angeles’ West Adams neighborhood. The Jayne offers 69 units, with six units set aside as affordable. Income restrictions for the affordable units were not disclosed. Units come in studio and one-bedroom floor plans. Community amenities include outdoor gathering spaces, a fitness center, bike racks, storage and Amazon package lockers. The property also includes 5,453 square feet of ground-floor retail space. 

Continue Reading
0 FacebookTwitterLinkedinEmail
ArizonaInvestment SalesNewsWestern

Air Estates Purchases Flores Apartments in Tucson, Arizona, for $1.3 Million

by Channing Hamilton

TUCSON, ARIZ. — Air Estates LLC has acquired Flores Apartments, a 20-unit community in Tucson, from 225 W Flores LLC and Colonia Properties TIC I LLC. Flores Apartments is located at 225-255 W. Flores Street. The investment property traded hands for $1.3 million. Allan Mendelsburg and C. Joey Martinez of Cushman & Wakefield | PICOR represented the seller in the transaction.

Continue Reading
0 FacebookTwitterLinkedinEmail
Ranch at Moorpark in Moorpark, California
CaliforniaInvestment SalesNewsWestern

Decron Properties Sells Ranch at Moorpark in California to AEW Capital for $133.2 Million

by Channing Hamilton

MOORPARK, CALIF. — Decron Properties has sold Ranch at Moorpark, a 376-unit property in Moorpark, approximately 50 miles west of Los Angeles. AEW Capital Management acquired the asset for $133.2 million. Ranch at Moorpark is situated at 51 Majestic Court. Amenities include a fitness center, yoga and spin studio, clubhouse with chef’s kitchen, children’s play area, dog park, pool, poolside barbecue and dining areas, fire pits and seating areas.

Continue Reading
0 FacebookTwitterLinkedinEmail
ArizonaBuild-to-RentDevelopmentNewsWestern

Trilogy Investment Co., Pinnacle Partners Breaks Ground on Build-to-Rent Project in Phoenix Suburb

by Channing Hamilton

AVONDALE, ARIZ. — Trilogy Investment Co. and Pinnacle Partners have begun horizontal construction at Rêve at Avondale Station, a build-to-rent development in the Phoenix suburb of Avondale. The community will comprise 107 units on a 15-acre site. Residences will come in two- and three-bedroom floor plans and will include smart home technology packages. Planned amenities include a clubhouse, pool and dog park. The community will also include sustainability features such as solar panels. Rêve at Avondale Station is Trilogy Investment Co.’s third project in the Avondale area and its fifth …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts
©2024 France Publications, dba France Media Inc.