News

IPA Brokers $47.8M Sale in Phoenix

by Lynn Peisner October 7, 2026

PHOENIX — Institutional Property Advisors (IPA) has arranged the sale of The Astor at Osborn, a 191-unit mid-rise community in Phoenix. The asset traded between two unnamed parties for the sum of $47.8 million. Completed in 2019, The Astor at Osborn has garage parking, a resort-style pool, fitness center, club room and outdoor grilling stations. Floor plans are available as studios, one-, two- and three-bedroom units, which feature stainless steel appliances and 10-foot ceilings. IPA’s Steve Gebing and Cliff David represented the seller and procured the buyer.

October 7, 2026

Berkadia Investment Sales Nevada News Western

Kennedy Wilson Sells Sagecliff in Nevada for $54.8M

by Lynn Peisner October 7, 2026

RENO, NEV. — Berkadia has arranged the $54.8 million sale of Sagecliff in Reno. Beverly Hills, California-based Kennedy Wilson was the seller, and Korda Group, a California-based family office, was the buyer, according to CoStar. Sagecliff (220 units) was built in 1997 and features a mix of one- and two-bedroom units averaging 941 square feet. The property’s amenity package includes a pool and hot tub, fitness center, clubhouse and detached garages. Kennedy Wilson invested approximately $2 million in capital improvements during its hold period, which began in 2021. Updates included …

October 7, 2026

Alabama Finance News Southeast

Bobo Development Group Obtains $53M Refinancing Loan for Huntsville Project

by Lynn Peisner October 6, 2026

HUNTSVILLE, ALA. — JLL has arranged a $53 million refinancing loan for Bobo Development Group’s Arcadia Huntsville. The 250-unit property at 4810 Bradford Drive in Huntsville’s Cumming Research Park was completed in 2024. Newport Beach, California-based Revitate is a limited partner in the project. Arcadia features studios, one- and two-bedroom floor plans, 18,000 square feet of retail and such amenities as a heated saltwater pool, clubhouse with demonstration kitchen, fitness center, coworking space, dog park, electric vehicle charging stations and outdoor grilling stations and lounge areas with gas fire pits. …

October 6, 2026

Investment Sales News Oregon Western

IPA Arranges $14.7M Sale in Forest Grove, Oregon

by Lynn Peisner October 6, 2026

FOREST GROVE, ORE. — Hillsboro, Oregon-based Bender Equities has sold The Boxer, a 99-unit community in Forest Grove, about 27 miles west of Portland, Oregon, for $14.7 million. The buyer was Tam Ridge Partners from San Francisco. Institutional Property Advisors (IPA)’s Anthony Palladino, Philip Assouad, Giovanni Napoli, Ryan Harmon, Nick Ruggiero and David Tabata, Marcus & Millichap’s broker of record in Oregon, represented the seller. The Boxer is a nine-building property, developed in the 1960s and renovated in 2019, with a playground, laundry facilities, a lounge with a kitchen, fireplace, …

October 6, 2026

California Investment Sales News Western

Marcus & Millichap Brokers $6.3M Russian Hill Portfolio Sale in San Francisco

by Lynn Peisner October 5, 2026

SAN FRANCISCO — Marcus & Millichap has arranged the sale of two multifamily properties at 1159-1169 and 1067-1071 Union St. in San Francisco’s Russian Hill neighborhood. The properties sold for a combined $6.3 million after approximately 50 years under the same family ownership. Philip Batlin, Clinton Textor, Sam Runco and Jordan Tong, investment specialists in Marcus & Millichap’s San Francisco office, marketed the properties on behalf of the seller and procured the buyer, locally based Ballast. Built in 1925, the 9,123-square-foot property at 1159-1169 Union St. consists of six two-bedroom, …

October 5, 2026

Alabama Development News Southeast

McShane, Continental Break Ground on 252-Unit Alabama Development

by Lynn Peisner October 5, 2026

OPELIKA, ALA. — McShane Construction Co. and developer Continental Properties have broken ground on Springs at Opelika, a 252-unit garden-style community in Opelika, about 27 miles northwest of Columbus, Georgia. The project is positioned on a 13.5-acre site at 3305 Gateway Springs Drive and will comprise seven three-story apartment buildings offering studio, one-, two- and three-bedroom units. Amenities include a pool with covered patio seating, grills, a fire pit, an indoor-outdoor fitness center, a pet park and car-care center. Excel Engineering Inc. is the architect, and BSI is the civil …

October 5, 2026

Berkadia California Investment Sales News Western

Berkadia Arranges $6.8M Sale in Westchester Submarket of Los Angeles

by Lynn Peisner October 2, 2026

LOS ANGELES — Berkadia has arranged the $6.8 million sale of Altezza, a 16-unit property in the Westchester neighborhood of Los Angeles. Steffan Braunlich of Berkadia El Segundo led the transaction on behalf of the seller, Revere Investments of Rolling Hills Estates, California. The buyer was Edud Investments based out of Corona, California. The deal closed on Sept. 21. Located at 6925 Kittyhawk Ave., the property was built in 1993 and features 16 two-bedroom, two-bathroom apartments, including upper-level, two-story loft layouts. The property also includes in-unit stackable washers and dryers, …

October 2, 2026

Investment Sales News North Carolina Southeast

BAM Capital Buys Coastal Carolina Asset

by Lynn Peisner October 2, 2026

LELAND, N.C. — Indiana-based BAM Capital, the private equity affiliate of The BAM Cos., has acquired The Marling at Town Creek, a 334-unit community completed in 2024 in Leland, 10 miles west of Wilmington, North Carolina. The seller and sales price were not disclosed. Units feature stainless steel appliances, walk-in closets and full-sized washers and dryers. Amenities include a 24-hour fitness center, saltwater pool with a ledge deck and lounge seating, a clubhouse, coworking space, dog park, car-care center and a café. The acquisition marks BAM Capital’s entry to the …

October 2, 2026

California Investment Sales News Western

Marcus & Millichap Brokers $9.1M Silicon Valley Trade

by Lynn Peisner October 1, 2026

SAN JOSE, CALIF. — Marcus & Millichap’s Levin Johnston brokerage team has arranged the sale of First Street Manor, a 39-unit community in San Jose. Adam Levin, Robert Johnston and Cole Simpson represented the seller and procured the buyer in the $9.1 million transaction. Neither party to the transaction was named. The property, built in 1948, comprises studio, one- and two-bedroom floor plans. The 18,305-square-foot property sits on a 0.87-acre parcel one block west of the Japantown/Ayer light rail station at 523 North 2nd St. with service throughout the Silicon …

October 1, 2026

Finance News North Carolina Southeast

Regions Provides $64M Freddie Mac Loan for Charlotte Refinancing

by Lynn Peisner October 1, 2026

MONROE, N.C. — Regions Real Estate Capital Markets has arranged a $64 million Freddie Mac loan for Signature Property Group’s refinancing of Elevate Rocky River in Monroe, 26 miles southeast of Charlotte. The loan refinances the new community, replacing a prior construction loan with a permanent debt. The community comprises one- and two-bedroom units and such amenities as a resort-style pool, coffee bar, package room, fitness center, dog park, playground, work spaces and electric vehicle charging stations. Signature Property Group is headquartered in Greensboro, North Carolina.

October 1, 2026

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