Western

Fox Meadows Apartments, a gray multifamily community with several buildings.
Affordable HousingColoradoInvestment SalesNewsWestern

Olive Bark Acquires Fox Meadows Apartments in Fort Collins, Colorado, for $36.8 Million

by Channing Hamilton

FORT COLLINS, COLO. — Lakewood, Colorado-based Olive Bark has acquired Fox Meadows Apartments for $36.8 million. Fox Meadows Apartments is a 138-unit partial LIHTC community in Fort Collins, which is 45 miles north of Boulder, Colorado. Sixty-three units are set aside for households earning at or below 60 percent of the area median income. The property was built in 2001. Colliers Multifamily Advisory Group’s Bill Morkes and Craig Stack represented the seller and procured the buyer, a private local developer. The transaction included a fully amortizing, fixed-rate HUD loan assumption.

Continue Reading
0 FacebookTwitterLinkedinEmail
A rendering of Mainline North, an eight-story blue and white contemporary style building.
CaliforniaDevelopmentNewsWestern

USA Properties, Pinyon Group Begin Construction on $81.2 Million Affordable Building in Santa Clara, California

by Channing Hamilton

SANTA CLARA, CALIF. — USA Properties Fund and The Pinyon Group have begun construction on Mainline North, an affordable community in Santa Clara, four miles from San Jose, California. The $81.2 million project is the result of a public-private partnership including Bank of America, California Housing Finance Agency, the City of Santa Clara, Google, Housing Trust Silicon Valley, Ensemble Real Estate Investments and Related. Mainline North will include 151 studio, one- and two-bedroom units for tenants earning at or below 30 percent of the area median income (AMI). Construction on …

Continue Reading
0 FacebookTwitterLinkedinEmail
Sunshine Villas, a yellow and brown multifamily building. The property is designated with a digitally-drawn yellow line.
CaliforniaInvestment SalesNewsWestern

Northmarq Brokers Sale of 61-Unit Portfolio Near San Diego

by Channing Hamilton

EL CAJON, CALIF. — Northmarq has brokered the sale of a three-property, 61-unit portfolio in El Cajon, which is 15 miles northeast of San Diego. Northmarq’s investment sales team arranged the sale on behalf of the seller, El Cajon Investor 1 & 2. The portfolio includes: Sunshine Manor, a 19-unit property that was constructed in 1977; Sunshine Villas, a 19-unit, two-story building that was built in 1978; and East Winds, a gated community with 23 units. Erik Anderson, vice president of investment sales at Northmarq’s San Diego office, arranged the …

Continue Reading
0 FacebookTwitterLinkedinEmail
Mountain Park's cabana and pool area, with the white multifamily building behind it.
ArizonaInvestment SalesNewsWestern

LaSalle Investment Management Buys Mountain Park in Phoenix

by Channing Hamilton

PHOENIX — Sares Regis Group has sold Mountain Park, a 240-unit community in Ahwatukee Foothills, which is about 20 miles south of Phoenix. The buyer was LaSalle Investment Management. Institutional Property Advisors (IPA) brokered the sale, with IPA Executive Managing Directors Cliff David and Steve Gebing representing the seller and procuring the buyer. Mountain Park was sold under Newport Beach, California-based Sares Regis Group’s Multifamily Value-Add Fund III, which is equity focused on Class B properties in the Western states, primarily in Southern California, Seattle, Portland, Oregon, and Phoenix. Built …

Continue Reading
0 FacebookTwitterLinkedinEmail
Range at Reunion, a three-story multifamily building. The first floor is brick, the second and third are beige siding.
ColoradoInvestment SalesNewsWestern

SouthWestern Property Corp. Sells 180-Unit Community in Denver Suburb for $65 Million

by Channing Hamilton

COMMERCE CITY, COLO. — SouthWestern Property Corp. has sold Range at Reunion in Commerce City, which is 7 miles northeast of downtown Denver, for $65 million. Walker & Dunlop arranged the sale on behalf of the seller and the private buyer in a 1031 exchange. Brokers Dan Woodward, Dave Potarf, Matt Barnett and Jake Young comprised the investment sales team. The 180-unit Range at Reunion was developed in 2022. Amenities include a fitness center, clubhouse, business center, conference room, pool and dog park.

Continue Reading
0 FacebookTwitterLinkedinEmail
Affordable HousingArizonaDevelopmentNewsWestern

Roers Cos. Secures $90 Million to Develop Affordable Housing Community near Phoenix, Arizona

by Channing Hamilton

BUCKEYE, ARIZ. — Roers Cos. has secured financing for the development of Solana Villas, an affordable housing community in Buckeye, approximately 37 miles west of Phoenix. Funding for the project was provided by Merchants Capital and Merchants Bank of Indiana (MBI). Merchants Capital secured $90 in financing for the property, including a $33 million MBI tax-exempt construction loan, a $24 million construction loan and a $31.5 million Freddie Mac loan. Additionally, MBI provided a 4 percent LIHTC equity investment of $27.8 million. Solana Villas will sit on approximately 10.7 acres …

Continue Reading
0 FacebookTwitterLinkedinEmail
A sign off the road reading "Meadowland Apartments" with a two-story leasing office behind it.
Investment SalesNewsOregonWestern

JLL Brokers $26.9 Million Sale of Meadowland Apartments in Portland, Oregon

by Channing Hamilton

PORTLAND, ORE. — NBP Capital has sold Meadowlands Apartments in Portland to Glencrest Group for $26.9 million. JLL Capital Markets brokered the sale, representing the seller in the deal, and arranged a 10-year, fixed-rate Freddie Mac loan for Glencrest Group. The 168-unit, garden-style community will be rebranded as Township Eastside. The property was built in 1991 and includes two-bedroom units with in-unit washers and dryers and a patio or balcony. Community amenities include a clubhouse, a pool and a playground. The JLL Investment Sales and Advisory team representing the seller …

Continue Reading
0 FacebookTwitterLinkedinEmail
Alta Cooley Station, a contemporary-style multifamily building in shades of brown.
ArizonaNewsWestern

Wood Partners Opens 248-Unit Alta Cooley Station Near Phoenix

by Channing Hamilton

GILBERT, ARIZ. — Wood Partners has opened Alta Cooley Station, a 248-unit community in Gilbert, approximately 22 miles southeast of Phoenix. Alta Cooley Station offers studio, one-, two- and three-bedroom floor plans, as well as townhomes with attached garages. Units feature stainless steel kitchen appliances, walk-in closets and in-unit washers and dryers. Community amenities include a pool with a grilling area, a fitness center and yoga studio, club room, co-working spaces, a coffee bar and a game room.

Continue Reading
0 FacebookTwitterLinkedinEmail
A drawing of a whitened gray single-story home with black roofing.
ArizonaDevelopmentFinanceNewsWestern

Choice Bank Provides $33.8 Million Construction Loan for BTR Project Near Phoenix

by Channing Hamilton

GOODYEAR, ARIZ. — Blue Vista Capital Management and Family Development have obtained $33.8 million in construction financing for Villas Goodyear, a build-to-rent development in Goodyear about 19 miles west of Phoenix. The development is expected to be complete in 2024. JLL Capital Markets represented the joint venture in securing the three-year, fixed-rate loan through Choice Bank. JLL’s team was led by Brian Walsh, Brad Miner and Dave Hunter. Villas Goodyear will comprise 151 one- and two-bedroom single-story units. Amenities will include a pool, fitness center, an outdoor lounge area and …

Continue Reading
0 FacebookTwitterLinkedinEmail
A construction site with the wood frames of several buildings in progress.
DevelopmentNevadaNewsWestern

Lewis Apartment Communities Breaks Ground on 306-Unit Development in Sparks, Nevada

by Channing Hamilton

SPARKS, NEV. — Lewis Apartment Communities, a development and management firm based out of Upland, California, has broken ground on Homecoming at Kiley Ranch in Sparks. Homecoming at Kiley Ranch will be a gated-access community. The development includes 306 apartment and townhome units and will feature amenities such as a clubhouse with fitness center and package lockers, a pool, barbeques, firepits, playground, dog park and EV chargers. Apartments offer one-, two-, three- and four-bedroom floor plans featuring balconies or patios, washers and dryers, walk-in closets and stainless-steel kitchen appliances. Townhomes …

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