Arizona
Timberlane Partners, STARS REI Acquire Ballard MF for $55M
A joint venture between Timberlane’s Acquisition Fund and STARS REI purchased the Koi apartments, a six-story, 166-unit building in the… Read more
Housing on Merit Names New CEO
Housing on Merit (HoM), a nonprofit affordable housing provider, said Jaymie Beckett has joined the organization as CEO, based in… Read more
Wilshire Quinn Lends on Newly Built San Diego Multifamily
Wilshire Quinn Capital said Wednesday that its private lending fund, the Wilshire Quinn Income Fund, has provided a $16,500,000 refinance loan in San Diego.… Read more
Benefit Street Takes Back SA Rental Property
DB Capital Management stopped making payments on a variable interest rate loan on a multifamily property in San Antonio and… Read more
Austin Bowling Center Making Way for Apartments
Bowling alleys have felt the pinch in the last few years. Covid caused a lot of bowling centers to strike… Read more
Gelt Pays $68M for 252-Unit Denver Apartment Project
Gelt Venture Partners (GVP) has acquired Allure Apartments for $68.25 million. “We acquired this asset at an attractive basis with… Read more
CEDARst/Bridge Team Up on $180M Vegas Apartment Buy
A joint venture between CEDARst Companies and Bridge Investment Group (NYSE: BRDG) has acquired a 2.29-acre site within the Las… Read more
PGA Station Redevelopment Given Green Light
Catalfumo and Richman Group plan to knock down two Palm Beach Gardens office buildings and replace them with two apartment… Read more
KC Approves Funds to Kickstart Final Phase of Midtown Plaza
Kansas City recently approved a $750,000 appropriation of surplus Midtown tax increment financing revenue for the last residential portion of… Read more
Pasadena Apartments Sell at 4.38% Cap Rate
Marcus & Millichap closed the sale of 1471 Fair Oaks Ave., an 18-unit apartment property in Pasadena. The asset changed… Read more
Garden-Style Multi Trades in San Diego’s North Park Submarket
Northmarq completed the sale of a nine-unit garden-style multifamily property in North San Diego for $3.15 million. Erik Anderson and… Read more
Private Equity Firm Sells Ellicott City MF
CREC Real Estate, a private equity real estate investment firm, has completed the sale of Orchard Meadows Apartments, a 240-unit… Read more
Bain, Cherry Tree Capital Partner on SoCal Rental Developments
Bain Capital Real Estate and Cherry Tree Capital Partners have formed BCT Development, a strategic joint venture focused on the… Read more
Three Westlake Switching to Apartments
DeBartolo Development and local real estate investor John Quinlan announced it started construction to turn Three Westlake, a 19-story office… Read more
Stockdale Buys 3 East Valley Medical Facilities
JLL Capital Markets arranged the $32 million sale to Stockdale Partners and the $25 million financing of an outpatient medical building portfolio… Read more
Buyer Purchases Distressed Scottsdale Resort
Last December, a Maricopa County judge placed Adero Scottsdale under the control of a receiver after its owner, Palisades Resorts,… Read more
Developer Trio Debut 224-Unit Wynwood Apartments
A trio of investors announced the opening of The Wynwood Haus, a 224-unit apartment building with ground-floor retail. Black Salmon,… Read more
Bonita Springs Site for 252-Unit Apartment Community
Madison Communities and Heitman have closed a $44 million construction loan for Madison Bonita Springs, a 252-unit Class A apartment… Read more
Walker & Dunlop Arranges $29.5M Refi of Uptown Apartments
Walker & Dunlop has arranged the $29.5 million refinancing of Marine Terrace Apartments, a former condo building that consists of… Read more