Western

Midway-Village
Affordable HousingCaliforniaDevelopmentNewsWestern

Mid-Pen Opens First Phase of Midway Village in San Mateo County

by Lynn Peisner

DALY CITY, CALIF. — MidPen Housing and partners have completed the construction of Midway Village I, which includes 147 affordable-housing units in Daly City.  MidPen also broke ground on Midway Village II, which will include 113 affordable units and a childcare facility. Midway Village I is reserved for renters earning between 30 and 80 percent of area median income (AMI). The developer has earmarked 12 of the apartments for young adults aging out of foster care. Local teachers/members of the area’s education workforce will have first dibs on 27 of …

Continue Reading
0 FacebookTwitterLinkedinEmail
Outlook-Table-Mesa
ColoradoInvestment SalesNewsWestern

Evergreen Devco Sells Metro Denver Asset for $97 Million

by Lynn Peisner

WHEAT RIDGE, COLO. — Evergreen Devco has sold Outlook Table Mesa, a 250-unit development in Wheat Ridge, for $97 million. The buyer was FJ Management. Dave Martin and Brian Mooney of Northmarq’s Denver office negotiated the sale on behalf of Evergreen. Situated within the Clear Creek Crossing mixed-use development, Outlook Table Mesa offers a clubhouse featuring a business lounge, a fitness center, electric-vehicle charging stations and a secure mail room with package lockers and a dedicated space for oversized deliveries. Outdoor amenities include a hot tub and a resort-style pool …

Continue Reading
0 FacebookTwitterLinkedinEmail
Gov-Ferguson-Bill-Signing
Affordable HousingNewsWashingtonWestern

Washington State’s Newly Enacted Rent Control Law is Shortsighted, Say Developers

by Lynn Peisner

SEATTLE — Washington Gov. Bob Ferguson has signed House Bill 1217, which limits yearly rent increases for existing tenants in Washington state to 7 percent plus inflation or 10 percent, whichever is lower. Landlords can still adjust rent by higher amounts for new tenants. The bill also limits rent increases for manufactured homes to 5 percent per year. HB 1217, as well as several other bills, were signed on May 7 at the Blake House affordable housing high rise in downtown Seattle. The bill automatically became law upon signing. Other …

Continue Reading
0 FacebookTwitterLinkedinEmail
Briarwood Apartments
Colorado

Pinnacle Brokers Sale of 60-Unit Briarwood Apartments in Pueblo, Colorado

by Channing Hamilton

PUEBLO, COLO. — Pinnacle Real Estate Advisors has negotiated the $5.5 million sale of Briarwood Apartments, a community located at 2026 Carlee Drive in Pueblo, about 43 miles south of Colorado Springs, Colorado. The property features 60 apartments, as well as an on-site manager house and workshop. Briarwood Apartments ofers 30 one-bedroom units and 30 two-bedroom units. Chris Knowlton of Pinnacle brokered the deal on behalf of both the undisclosed seller and undisclosed buyer.

Continue Reading
0 FacebookTwitterLinkedinEmail
3541-3535 Big Dalton Ave.
CaliforniaInvestment SalesNewsWestern

Big Dalton Purchases 24-Unit Community in Baldwin Park, California

by Channing Hamilton

BALDWIN PARK, CALIF. — Big Dalton LLC has acquired a 24-unit property located at 3541-3545 Big Dalton Ave. in Baldwin Park, about 17 miles east of Los Angeles. HP Big Dalton sold the asset for $6.3 million. Eric Chen and Justino Fa’aola of CBRE represented the buyer and seller in the deal. The community features two-bedroom residences, with roughly 50 percent of units designated as single-story bungalows. Units feature quartz countertops, vinyl and carpeted flooring, wall-mounted AC units, select kitchen appliances, in-unit washer and dryer and private or shared patios.

Continue Reading
0 FacebookTwitterLinkedinEmail
The Switchyard
ArizonaDevelopmentNewsWestern

Creation Breaks Ground on $120 Million Mixed-Use Project Near Phoenix

by Channing Hamilton

QUEEN CREEK, ARIZ. — Creation, in partnership with Horizon Real Estate Ltd., has broken ground on The Switchyard, a $120 million mixed-use project in Queen Creek, about 40 miles southeast of Phoenix. The 10-acre project will feature 54,000 square feet of restaurant, retail and office space, as well as a 215-unit apartment community. The development will feature a Postino restaurant and wine café. The restaurant mix will also include Snooze, an A.M. Eatery, a breakfast and brunch restaurant founded in Denver, and a location of modern burger chain Shake Shack. …

Continue Reading
0 FacebookTwitterLinkedinEmail
Ocotillo Bay
ArizonaInvestment SalesNewsWestern

TGM Buys 296-Unit Community in Chandler, Arizona, for $90.5 Million

by Channing Hamilton

CHANDLER, ARIZ. — New York-based TGM has acquired Ocotillo Bay, a 296-unit community in Chandler, roughly 25 miles southeast of Phoenix. An undisclosed national fund manager sold the asset for $90.5 million.  Built in 1997, Ocotillo Bay offers features two pool areas with cabanas and barbecues; an outdoor lounge area with a bocce ball court, fireplace, barbecue and covered seating area; resident clubhouse with business center and TV seating area; and fitness center with weight training and cardio equipment, as well as a separate yoga/spin room. Asher Gunter, Matt Pesch, Sean …

Continue Reading
0 FacebookTwitterLinkedinEmail
The A.J.
CaliforniaDevelopmentNewsWestern

Partnership Opens $130 Million Development at The Railyards in Sacramento, California

by Channing Hamilton

SACRAMENTO, CALIF. — A partnership between USA Properties Fund and LDK Ventures has delivered The A.J., a $130 million mixed-income project within The Railyards in Sacramento. Located at 251 6th St., The A.J. features 345 apartments, including 69 affordable homes for residents earning 50 percent or less of the area median income. Additionally, The A.J. offers more than 5,000 square feet of ground-level retail space. Residents have access to amenities including a fitness center; pool and spa with cabanas; bike storage area with repair station; pet spa and wash area; …

Continue Reading
0 FacebookTwitterLinkedinEmail
The Gilmore
ArizonaDevelopmentNewsWestern

Thompson Thrift Breaks Ground on $225 Million Mixed-Use Project in Gilbert, Arizona

by Channing Hamilton

GILBERT, ARIZ. — Thompson Thrift has broken ground on The Gilmore, a $225 million mixed-use project located roughly 23 miles east of downtown Phoenix in Gilbert. The Gilmore will consist of 300 apartment homes, a hotel and approximately 200,000 square feet of grocery, restaurant and retail space. The 35-acre development will feature a main street-style entrance with covered walkways, common areas, murals by local artists and landscaped outdoor gathering spaces. Retailers are expected to begin opening in late 2026, while the first resident move-ins are planned for early 2027.

Continue Reading
0 FacebookTwitterLinkedinEmail
Azul
ArizonaInvestment SalesNewsWestern

Living Well Homes Sells Azul in Phoenix for $37.1 Million

by Channing Hamilton

PHOENIX — Living Well Homes has completed the disposition of Azul, a 227-unit community in Phoenix, to a private buyer for $37.1 million. Completed in 1986, Azul offers studio, one- and two-bedroom apartments with an average size of 766 square feet. A majority of units feature washers and dryers. The two-story, garden-style community features two pools and a spa. Cliff David and Steve Gebing of Institutional Property Advisors, a division of Marcus & Millichap, represented the seller and procured the buyer in the deal.

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts
©2025 France Publications, dba France Media Inc.