News

Fundraise Exceeds Its Original Hard Cap SAN FRANCISCO — Jhe Roxborough Group, LLC, a private real estate investment firm, announces the final closing of its latest value-add fund, Roxborough Fund III, L.P. with capital commitments of just over $518 million, which is above the fund’s original hard cap. Fund III’s institutional investors include endowments, corporate […]

San Diego real estate development management company Presidio Residential Capital and its building partners closed 787 homes and acquired nine new projects in 2021. Its current portfolio totals 5,800 homes and lots for sale, under construction or in entitlement or development process and has 20 western U.S. communities with active sales.

Local Home Builder Plans to Open at Least Six New Communities in the Central Valley This Year  VISALIA, Calif. – February 10, 2022 – San Joaquin Valley Homes (SJV Homes) was by far the most active builder in the San Joaquin Valley in 2021, closing 449 homes, opening six or more new communities and selling out

Busy Central Valley Developer to Build 175 New Single-Family Homes  DINUBA, Calif. – January 11, 2022 – San Joaquin Valley Homes (SJV Homes) and Presidio Residential Capital recently closed on land in northwest Dinuba, Calif., in Tulare County, where they will build 175 single family, detached homes in a new community named Montebella. Located at

  Industry Veteran Joshua Callahan Joins San Francisco Private Equity Firm  SAN FRANCISCO (January 10, 2022) – The Roxborough Group – a real estate private equity firm – has appointed Joshua Callahan as managing director of asset management. In this newly created role, Callahan will work from Roxborough’s San Francisco headquarters and lead Roxborough’s asset

  Central Valley Developer Will Build 94 Single-Family Homes San Joaquin Valley Homes (SJV Homes) and Presidio Residential Capital closed on land in southeast Visalia, Calif., in Tulare County, where they will build a new single family, detached home community called Vista del Sol. Located at the southeast corner of K Avenue and Pinkham Street

Multifamily Investment Firm Purchases 128-unit Apartment Community for $27.5 Million  PHOENIX — SB Real Estate Partners “SBREP” has acquired East 3434 Apartments, a Class B, 128-unit garden-style apartment community located in Phoenix, Ariz., for $27.5 million. The property has been renamed Portola at Papago, and SBREP intends to execute a $2 million capital improvement program.

SBREP purchases 126-unit community for $24.3 million, rebrands as Portola East Mesa  MESA, Ariz. — SB Real Estate Partners (“SBREP”) has acquired ReNew 3030, a Class B, 126-unit garden-style apartment community located in Mesa, Arizona, for $24.3 million. The property was renamed Portola East Mesa and will undergo a capital improvement program.

106 New Single-Family Homes Available  HANFORD, Calif. – San Joaquin Valley Homes (SJV Homes) and Presidio Residential Capital are pleased to announce the grand opening of Sterling Oaks, the first residential neighborhood located within the planned community of Live Oak, offering 106 detached single-family houses priced starting at $325,900, on Saturday, September 18, 2021, from 10 a.m.

Commercial Real Estate Investment Firm Has Acquired Its Fifth and Sixth Properties in Phoenix PHOENIX/SAN DIEGO — San Diego-based Tower 16 Capital Partners has acquired two properties across two separate transactions totaling 508 units in Phoenix, Ariz., for a total of $78.5 million. Banyantree Apartments, a 232-unit multifamily property located in Phoenix, Ariz., was acquired