Western

Flats Arts District in Las Vegas
CaliforniaDevelopmentNewsWestern

CEDARst Cos., Bridge Investment Group Break Ground on $112 Million Flats Arts District in Las Vegas

by Channing Hamilton

LAS VEGAS — A joint venture consisting of CEDARst Cos. and Bridge Investment Group has broken ground on Flats Arts District, a $112 million project located at 123 W. Imperial Ave in Las Vegas. The development will comprise 311 apartments across 2.2 acres. Units will come in studio, one-, two- and three-bedroom layouts. Construction is expected to take about 24 months, with the first units slated to deliver around mid-year 2026. Flats Arts District will offer community amenities such as a fitness center, spa facilities with water circuitry and saunas, …

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330 S. Home Street in Oceanside, California
CaliforniaFinanceNewsWestern

JLL Capital Markets Arranges $5.1 Million Refinancing for 21-Unit Property in Oceanside, California

by Channing Hamilton

OCEANSIDE, CALIF. — JLL Capital Markets has arranged a $5.1 million refinancing for 330 S. Home Street, a 21-unit community in Oceanside, approximately 40 miles north of San Diego. The borrower was a joint venture between Westview Real Estate and Pace Properties. JLL worked on behalf of the borrower to secure the three-year, fixed-rate loan through a regional bank. Chris Collins and Emily Pohlman led the JLL Capital Markets Debt Advisory team. The property consists of 17 apartments that were built in 1970 and renovated in 2023, as well as four newly constructed accessory …

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The Plaza Taos in Chandler, Arizona
ArizonaFinanceInvestment SalesNewsWestern

Institutional Property Advisors Arranges Sale of 164-Unit The Plaza Taos in Chandler, Arizona

by Channing Hamilton

CHANDLER, ARIZ. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the sale and financing of The Plaza Taos, a 164-unit community in the Phoenix suburb of Chandler. The buyer and seller were not disclosed. The Plaza Taos was built in 2023 on nine acres. Apartments come in one-, two- and three-bedroom floor plans. Amenities include a pool and spa, pet park, indoor dog spa and outdoor kitchen with gas grills.

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Kōz in Lower Queen Anne in Seattle
Affordable HousingDevelopmentFinanceNewsWashingtonWestern

MSquared, Kōz Development Secure $48 Million in Financing for Workforce Housing Project in Seattle 

by Channing Hamilton

SEATTLE — MSquared and Kōz Development have secured $48 million in financing for Kōz in Lower Queen Anne, a 169-unit workforce housing project in downtown Seattle. The community will offer 69 units to households earning up to 80 percent of the area median income (AMI). An additional 17 apartments will be restricted through the Mandatory Housing Affordability Program for 75 years and will be available to households earning between 40 and 60 percent AMI. The remaining units will be rented as attainable workforce housing. The financing includes a $9.7 million …

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2326 Greenbrier Drive in Oceanside, California
CaliforniaInvestment SalesNewsWestern

CBRE Arranges $8.6 Million Sale of 25-Unit Property in Oceanside, California

by Channing Hamilton

OCEANSIDE, CALIF. — CBRE has arranged the sale of a 25-unit community located at 2326 Greenbrier Drive in Oceanside, approximately 40 miles north of San Diego. The asset traded hands for $8.6 million in a 1031 exchange. Dan Blackwell, Mike O’Neill and Amanda Fielder of CBRE represented the buyer, a repeat client based in San Diego County, in the transaction. The seller was based in South Orange County. The five-building complex totals 19,278 square feet on a 1.2-acre lot. The property was built in 1980 and remodeled in 2019. The …

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306 Cazador Lane in San Clemente, California
CaliforniaInvestment SalesNewsWestern

CBRE Brokers Sale of Two Properties in San Clemente, California, for $5.5 Million

by Channing Hamilton

SAN CLEMENTE, CALIF. — CBRE has brokered the sale of two properties in San Clemente for a combined sale price of $5.5 million. Dan Blackwell, Mike O’Neill and Amanda Fielder of CBRE represented the San Diego county-based seller and both buyers in the transactions.  In the first deal, a private buyer from San Clemente acquired a six-unit property located at 306 Cazador Lane. Constructed in 1951, the 3,535-square-foot building offers one-bedroom units with private back patio areas. Four units were recently remodeled with new kitchens, bathrooms, flooring and decorative paint. …

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ColoradoDevelopmentLeasing & MarketingNewsWestern

Thompson Thrift Opens 336-Unit Notch66 Near Boulder, Colorado

by Channing Hamilton

LONGMONT, COLO. — Thompson Thrift has opened Notch66, a 336-unit community in the northern Boulder suburb of Longmont. Notch66 is situated on an 18.4-acre site. Units come in one-, two- and three-bedroom layouts. Select apartments feature detached garages and private yards. Amenities include an early childhood education center for children with an on-site pediatric therapy center, clubhouse, fitness center, pool and dog park. The community is currently over 30 percent leased.

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Bell Murrieta Springs in Murrieta, California
CaliforniaInvestment SalesNewsWestern

Bell Partners Acquires Silverado Apartment Homes in Murrieta, California, for $146.5 Million

by Channing Hamilton

MURRIETA, CALIF. — Bell Partners has acquired Silverado Apartment Homes in Murrieta, 65 miles north of San Diego, on behalf of the company’s Value Add Fund VII investors. Realty Center Management sold the asset to Bell Partners for $146.5 million. The new owner plans to rebrand the community as Bell Murrieta Springs. Bell Murrieta Springs was constructed in 2007. The property offers 492 one-, two- and three-bedroom apartments with average unit size of 948 square feet. Amenities include a green belt with a walking trail surrounding the entire property, two …

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Carol Nelson Mountain Region Asset Living headshot and quote from article
Build-to-RentColoradoContent PartnerDevelopmentFeaturesIdahoIndustry ContentLeasing & MarketingMontanaNorth DakotaSouth DakotaUtahWesternWyoming

New Supply Tests the Mountain States’ Multifamily Markets

by Sarah Daniels

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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CaliforniaInvestment SalesNewsWestern

CBRE Arranges $5.8 Sale of 12-Unit Property in Costa Mesa, California

by Channing Hamilton

COSTA MESA, CALIF. — CBRE has brokered the sale of a 12-unit multifamily property at 1993 Church Street in the Eastside neighborhood of Costa Mesa. The property also features two approved Accessory Dwelling Units. The community traded hands for $5.8 million. The buyer and seller were not disclosed.

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