Western

One Seven at Belleview Station in Denver
ColoradoFinanceNewsWestern

TCR, Cigna Receive $75 Million Loan for Refinancing of Mixed-Use Asset in Denver

by Channing Hamilton

DENVER — A joint venture between Trammell Crow Residential (TCR) and Cigna has received a $75 million loan for the refinancing of One Seven at Belleview Station, a 250-unit mixed-use community located at 4882 S Newport St. in Denver. The borrowers will use the funds to retire the original bank construction loan. One Seven at Belleview Station consists of 215,526 square feet of residential space, as well as 7,062 square feet of fully leased retail space. The community offers a mix of studio, one-, two- and three-bedroom apartments with an …

Continue Reading
0 FacebookTwitterLinkedinEmail
Avilla Gateway in Phoenix
Build-to-RentCaliforniaFinanceNewsWestern

NexMetro Refinances Four Denver and Phoenix Properties for $300 Million

by Channing Hamilton

PHOENIX AND DENVER — NexMetro Communities has recapitalized four build-to-rent (BTR) properties in Phoenix and Denver. Valued at about $300 million, the properties, comprising 849 units, are Avilla Gateway, Avilla Magnolia and Avilla Canyon, which are in Phoenix. The fourth property, Avilla Eastlake, is in Thornton, Colorado, 25 miles north of Denver. NexMetro has developed 60 projects nationwide since its founding in 2012. According to the company’s website, NexMetro’s current portfolio is made up of 43 properties. The financing structure includes $160 million in senior debt invested and managed by Blackstone. The …

Continue Reading
0 FacebookTwitterLinkedinEmail
Northbend apartments in Tempe
ArizonaDevelopmentNewsWestern

Construction Wraps on Northbend in Tempe

by Lynn Peisner

TEMPE, ARIZ. — McShane Construction and developers Banyan Residential and Milhaus have completed development of Northbend, a 310-unit property in Tempe. The garden-style community was designed by Todd & Associates, a Phoenix-based architecture firm. Northbend features a 4,300-square-foot clubhouse, a resort-style pool, a fitness center with a yoga studio, a courtyard with firepits and a dog park.

Continue Reading
0 FacebookTwitterLinkedinEmail
One Seven at Belleview Station in Denver
ColoradoFinanceNewsWestern

Trammell Crow, Cigna Secure $75 Million Refinance Loan for Denver Asset

by Lynn Peisner

DENVER — JLL Capital Markets has arranged a $75 million loan through a national life insurance company for Trammel Crow and Cigna. The joint-venture partnership will use the funds to pay off the original construction loan for One Seven at Belleview Station in Denver. The 250-unit, mixed-use property includes 7,062 square feet of retail. It opened in 2023 and is currently 69 percent leased. One Seven Belleview Station has a roof-top pool, remote work center, clubroom, wellness center, bike storage, pet spa and a theater room. Units are offered as …

Continue Reading
0 FacebookTwitterLinkedinEmail
District by Windsor in Denver
ColoradoInvestment SalesNewsWestern

JLL Arranges District by Windsor Sale in Denver

by Lynn Peisner

DENVER — GID has sold The District by Windsor in Denver to Chicago-based Mesirow Financial. Atlanta-based GID owns and operates approximately 55,000 units throughout the United States. The District by Windsor is a 276-unit property built in 2007. The sales price was not disclosed, but some media outlets are reporting the asset traded for $91 million. JLL represented GID and procured Mesirow Financial as the buyer. The District by Windsor, which consists of three buildings, features a resort-style pool, a fitness center and electric vehicle charging stations.

Continue Reading
0 FacebookTwitterLinkedinEmail
Vive Luxe in San Diego, California
CaliforniaFinanceNewsWestern

Sunroad Enterprises Receives $188 Million for Vive Luxe in San Diego, California

by Channing Hamilton

SAN DIEGO, CALIF. — Sunroad Enterprises has secured $188 million loan for Vive Luxe, a 442-unit property in San Diego. Aldon Cole, Tim Wright and Bharat Madan of JLL Capital Markets represented the borrower in arranging the five-year, fixed-rate loan from accounts managed by global investment firm KKR. Built in 2021 at 4890 Sunroad Centrum Lane, Vive Luxe rises five stories. The community offers one-, two- and three-bedroom apartments ranging from 726 to 1,122 square feet. Of the total unit count, 23 have been set aside as affordable housing. Income …

Continue Reading
0 FacebookTwitterLinkedinEmail
Alta Green Mountain in Lakewood, Colorado
ColoradoInvestment SalesNewsWestern

Sagard Real Estate Acquires Alta Green Mountain Near Denver for $104.6 Million

by Channing Hamilton

LAKEWOOD, COLO. — Sagard Real Estate has purchased Alta Green Mountain, a 260-unit property located at 13055 W. Mississippi Court in Lakewood, about eight miles southwest of downtown Denver. The asset traded hands for $104.6 million. The seller was not disclosed. Dave Martin and Brian Mooney of Northmarq’s Denver Multifamily Investment Sales team represented the seller in the transaction. Built in 2020, Alta Green Mountain features one-, two- and three-bedroom floor plans. The average unit size is 864 square feet. Tenants have access to amenities such as a clubhouse, outdoor kitchen …

Continue Reading
0 FacebookTwitterLinkedinEmail
CaliforniaInvestment SalesNewsWestern

Material Comforts Acquires Portfolio in San Fernando Valley for $85 Million

by Channing Hamilton

LOS ANGELES — Florida-based Material Comforts Inc. has acquired a portfolio of 16 parcels in California’s San Fernando Valley. Heitman LLC, Invesco LTD and ETHOS Real Estate sold the portfolio for $85 million. The portfolio totals 596 apartments in the Van Nuys, Panorama City, North Hills and Canoga Park neighborhoods of Los Angeles. Tony Azzi of Marcus & Millichap represented the sellers, while Rabbie Banafsheha, Kristen Sullivan and Arteen Zahiri of Marcus & Millichap represented the buyer in the deal.

Continue Reading
0 FacebookTwitterLinkedinEmail
La Vista Apartments in Santa Maria, California
CaliforniaInvestment SalesNewsWestern

Kennedy Wilson Sells La Vista Apartments in Santa Maria, California, for $116 Million

by Channing Hamilton

SANTA MARIA, CALIF. — Beverly Hills, California-based investment firm Kennedy Wilson has sold La Vista Apartments, a 460-unit community in Santa Maria. Boston-based private equity firm Westview Capital purchased the asset for $116 million.  Joseph Grabiec, Kevin Green and Gregory Harris of Institutional Property Advisors, a division of Marcus & Millichap, represented the seller and procured the buyer. Built in 1979 on 31 acres, La Vista Apartments offers studio, one-, two- and three-bedroom floor plans. Each apartment features a large closet, kitchen with breakfast bar and a pantry. Select units also have vaulted …

Continue Reading
0 FacebookTwitterLinkedinEmail
ButterflyMX
FeaturesMidwestNortheastOperationsSoutheastTexasWestern

How Tech Upgrades are Expanding Access Control Solutions

by Channing Hamilton

Security is a top priority in the multifamily industry. Monitoring and controlling access to a property protects owners and their residents from the impacts of violent crime, theft, vandalism and trespassing. The benefits of an effective security, monitoring and access system run deep. “Access control is not just about security,” says Roger Solomon, a senior associate at Trio Advisory Group. The company offers consulting services on access control, video surveillance and other technologies for commercial real estate properties. “Access control is also about ensuring convenience for residents and staff, enhancing …

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