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Mission-Grove-Riverside
Build-to-RentCaliforniaDevelopmentFinanceNewsWestern

Canyon Partners Provides $74.4M Construction Loan for Inland Empire BTR Project

by Lynn Peisner

RIVERSIDE, CALIF. — Canyon Partners and J.P. Morgan have provided a $74.7 million construction loan for a ground-up, rental townhome development project in Riverside’s Mission Grove neighborhood. The developer is BCT Development, a joint venture between Bain Capital Real Estate and Cherry Tree Development. An official proper name of the community has not been released. It will include 180 rental townhomes in a mix of two-, three- and four-bedroom floor plans and amenities such as a pool, fitness center and clubhouse. A construction timeline was not disclosed. The financing represents …

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Aperture-on-Fifth-Seattle
Investment SalesNewsWashingtonWestern

Freestone Capital Acquires 106-Unit Seattle Asset for $32.2M

by Lynn Peisner

SEATTLE — PrivatePortfolio Group has sold Aperture on Fifth, a 106-unit community in the Denny Triangle neighborhood of Seattle, to Freestone Capital for $32.2 million. Both parties are based in Seattle. Giovanni Napoli, Philip Assouad, Ryan Harmon, Nick Ruggiero and Anthony Palladino of Institutional Property Advisors (IPA) represented the seller and procured the buyer. Aperture on Fifth, built in 2014, is comprised of studios, one- and two-bedroom apartments along with a central atrium courtyard, rooftop deck with a bocce ball court, fitness center, bike storage, package lockers, pet wash area and …

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Hayden-Park-Scottsdale
ArizonaInvestment SalesNewsWestern

Rockwell Property Co. Acquires Hayden Park in Scottsdale for $42M

by Lynn Peisner

SCOTTSDALE, ARIZ. — Rockwell Property Co. has acquired Hayden Park Apartments in Scottsdale for $42 million. The 182-unit community was developed in 1985 and consists of 21 one- and two-story residential buildings including 46 single-story residences. Amenities feature two resort-style pools and two hot tubs, a fitness center, resident lounge with coworking space, barbecue areas and covered parking The seller was not disclosed, but Rockwell stated the asset had been maintained by the same local family ownership since 1999.

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1345-Beverly-Glen-Los-Angeles
CaliforniaInvestment SalesNewsWestern

Marcus & Millichap Brokers $8.7M Sale of 21-Unit Property in Los Angeles

by Lynn Peisner

LOS ANGELES — Xenon Investments has acquired a 21-unit property in Los Angeles for approximately $8.7 million from Southview Investment Co. Sam Liberow from Marcus & Millichap’s Encino office represented the seller and procured the buyer. Built in 1988, the 25,186-square foot property is situated on about 1 acre at 1345 S. Beverly Glen Blvd. It consists of one- and two-bedroom units. Southview Investment Co. had held the property for approximately the past 30 years.

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Museum-House-Seattle
FinanceNewsWashingtonWestern

Cushman & Wakefield Arranges $250M Refinancing for Museum House in Seattle

by Lynn Peisner

SEATTLE — Cushman & Wakefield has arranged the $250 million refinancing of Museum House, a 506-unit community in Seattle’s First Hill area that was completed in 2025. Dave Karson, Christopher Moyer, Alex Lapidus and Meredith Crawford represented the borrower, an undisclosed pension fund. Barings was the lender. Museum House comprises studio, one-, two- and three-bedroom residences, including 102 affordable homes for renters earning between 60 and 85 percent of area median income. The property consists of two residential towers connected by a glass-enclosed skybridge approximately 300 feet above ground as …

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The-Lumberyard-Davis
Affordable HousingCaliforniaDevelopmentNewsSustainable/LEEDWestern

The Michaels Organization, JOIN and KUDA Break Ground on $88M Project in Davis, California

by Lynn Peisner

DAVIS, CALIF. — The Michaels Organization and has broken ground on an $88 million community called The Lumberyard in Davis. Development partners include Kyuden Urban Development America (KUDA) and Japan Overseas Infrastructure Investment Corp. for Transport and Urban Development (JOIN), a Tokyo-based firm specializing in overseas transportation and urban development projects. KUDA is the U.S. real estate development subsidiary of Japan-based Kyushu Electric Power Co. The Lumberyard takes its name from Hibbert’s Lumberyard and Hardware Store, which operated on the development site at the intersection of G and 5th streets …

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Seasons-at-Horsetooth-Crossing-Fort-Collins
ColoradoInvestment SalesNewsWestern

The Rainier Cos. Sells Property Near Colorado State University for $62.7M

by Lynn Peisner

FORT COLLINS, COLO. — JLL has arranged the $62.7 million sale of Seasons at Horsetooth Crossing in Fort Collins as well as a $38.8 million Freddie Mac acquisition loan for the buyer, which was a Hamilton Zanze-sponsored Delaware Statutory Trust. The seller was The Rainier Cos. Seasons at Horsetooth Crossing, located about three miles south of Colorado State University, is a 208-unit garden-style property consisting of 26 two-story buildings with one-, two- and three-bedroom units. Amenities include a clubhouse, fitness center, pool, business center, courtyard, grills and bike storage.

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Cascadia-at-Fairwood-Landing-Renton
Investment SalesNewsWashingtonWestern

Sack Capital Partners Sells Cascadia at Fairwood Landing for $47.5M

by Lynn Peisner

RENTON, WASH. — Sack Capital Partners has sold Cascadia at Fairwood Landing, a 195-unit community in the Fairwood neighborhood of Renton, to Bridge Partners for $47.5 million. Institutional Property Advisors (IPA) represented the seller and procured the buyer. Built in 1981 and renovated in 2025, Cascadia at Fairwood Landing is a two- and three-story garden-style property with 15 residential buildings, a seasonal outdoor pool, fitness center, and a new outdoor pagoda with barbecue stations and seating. The unit mix of one-, two- and four-bedroom apartments averages 795 square feet. Every …

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Koda-Fremont
CaliforniaInvestment SalesNewsWestern

Sack Capital Partners Acquires Koda Apartments in San Francisco Bay Area

by Lynn Peisner

FREMONT, CALIF. — Sack Capital Partners, in partnership with LEM Capital, has acquired Koda Apartments, a 122-unit property in Fremont. Koda was built in 1970 and renovated in 2018. The 10 garden-style buildings are situated on approximately 5 acres. Units are a mix of one-, two- and three-bedroom floor plans The seller, which was not identified, has invested roughly $10 million in the property over the past six years, including a full interior renovation across all units, which now feature washers and dryers, updated electrical panels, new kitchen and bathroom …

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The-Payton-Portland
FinanceNewsOregonWestern

ColRich Secures $40.5M Refinancing for Luxury Pacific Northwest Property

by Lynn Peisner

PORTLAND, ORE. — JLL has arranged a $40.5 million refinancing loan for The Payton, a 162-unit Class A property in Portland’s Lloyd District area. San Diego-based ColRich is the borrower/owner. Prime Finance was the lender. The Payton, 98 percent occupied as of August, is a seven-story mid-rise community built in 2019. Amenities include a 24-hour fitness center, bicycle storage, two outdoor decks with grilling areas, a clubhouse, wine lockers, electric car charging stations and underground parking. JLL’s team was led by Aldon Cole, Jimmy Conley, Brock Knapp, Sean O’Brien, Ben …

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