News

Commercial Real Estate Investment Firm Plans Significant Renovations at Both Properties COLTON/SAN DIEGO — San Diego-based Tower 16 Capital Partners has acquired a two-property multifamily portfolio consisting of 214 units in Colton, Calif., for $41 million. The 1333 Canyon project consists of 104 units built in 1986 while the Reche Ridge Apartments includes 110 units […]

 Commercial Real Estate Investment Firm Plans to Spend Close to $6 Million to Renovate the Properties San Diego-based Tower 16 Capital Partners has acquired a two-property multifamily portfolio consisting of 332 units in the greater Phoenix area for $55 million. Summerhill Place Apartments is in Glendale, Ariz., and consists of 232 units built in 1986.

Presidio Residential Capital, a San Diego-based real estate management company, announces that four of its California joint venture partners were named to Builder Magazine’s 2021 Next 100 list, the housing industry’s premier ranking of the nation’s most active homebuilders.

Tower 16 Capital Partners has sold Hillside Village Apartments, an 80-unit multifamily project in San Bernardino, for $16.5 million. The property was purchased in January 2019 for $11 million in an off-market transaction. Tower 16 recently sold another Inland Empire property, The District at Grand Terrace, for $88 million.

San Joaquin Valley Homes (SJV Homes) is thrilled to announce that a total of 173 homes have recently closed at the communities of Ashton Park in Visalia and Cambria in Porterville.

Commercial Real Estate Investment Firm Invested $10.3 Million in Renovations and Upgrades to the 1,165-unit Portfolio During its Two-and-a-half-year Hold Period San Diego-based Tower 16 Capital Partners, has sold a three-asset multifamily portfolio in Las Vegas, Nevada, for $182 million to an undisclosed buyer. The 1,165-unit portfolio was assembled by Tower 16 over the last

The Firm Implemented a $2.6 Million Renovation During Two-Year Ownership Period COLTON, Calif./SAN DIEGO — San Diego-based Tower 16 Capital Partners has successfully sold The District at Grand Terrace, a 352-unit apartment project located in Colton, Calif. The property was originally purchased in 2019 for $63,050,000 and was sold this month for $88 million. During

Central Valley Developer Will Introduce Two New Home Communities  DELANO, Calif. – San Joaquin Valley Homes (SJV Homes) and Presidio Residential Capital recently closed on a parcel of land in Delano, a city in Kern County, California, to add another 281 Central Valley homes within two new single-family communities. Both neighborhoods will be located at

  Commercial Real Estate Investment Firm Plans to Spend Over $4 Million to Renovate the 201-unit Property TUCSON/SAN DIEGO — San Diego-based Tower 16 Capital Partners, in partnership with Drake Real Estate Partners, has acquired La Mirada Apartments, a 201-unit multifamily project in Tucson, Ariz. The property was acquired from a private seller in an

  Local Home Builder Plans to Open at Least Eight New Communities in the Central Valley This Year  VISALIA, Calif. – San Joaquin Valley Homes (SJV Homes) posted a record year in 2020, closing 513 homes, selling out three existing communities and starting construction on 485 new homes despite the challenges and restrictions of doing business