News

NEW YORK —Admiral Capital Group announced today that Minnie Allison, formerly of Goldman Sachs, JP Morgan and most recently Matthews Real Estate, has joined the $1.6 billion investment management firm’s Dallas, Texas office and will primarily be responsible for asset management of the firm’s real estate portfolio. “We are very pleased to welcome Minnie to […]

Commercial Real Estate Investment Firm Plans More Acquisitions in the Region This Year and Beyond SAN BERNARDINO, Calif. — Tower 16 Capital Partners, in a joint venture with Henley USA, has acquired Hillside Village Apartments, an 80-unit multifamily project in San Bernardino, for $11 million from a private seller. This is the first of many

San Luis Ranch to Offer 580 Homes Including Desperately Needed Workforce Housing, Retail and Office Space, a Hotel and an Organic Farm SAN LUIS OBISPO, Calif. – Presidio Residential Capital and Coastal Community Builders have received approval from the San Luis Obispo City Council to develop San Luis Ranch, a 131-acre farm-to-table community featuring 580

 Van Daele Homes Purchases 9.64 Acres with 74 Homes and Townhomes; The Ezralow Company Purchases 8.54 Acres with 182 Apartments MORGAN HILL, Calif. – Presidio Residential Capital has sold an 18-acre property known as Evergreen located on the northeast corner of San Pedro Avenue and Condit Road in the City of Morgan Hill.  The site

LAS VEGAS/SAN DIEGO – San Diego-based Tower 16 Capital Partners, in a joint venture with Henley USA, has acquired Evergreen Apartments, a 314-unit, multifamily project two miles west of the Las Vegas Strip, for $29.5 million. Tower 16 will oversee $4 million in renovations and upgrades to the project. “Our acquisition of Evergreen Apartments marks

Oliva Expected to Be Open for Sale in Summer 2019  DUARTE, Calif. – Brandywine Homes has acquired 1.26 acres in Duarte, Calif., and plans to build Oliva, a community offering 25 three-story townhomes. Brandywine has broken ground on the new neighborhood and plans to open the property for sale in summer of 2019. “The San

Santa Paula’s First New Home Community Since 2012 to Include Park and Open Space; Prices Projected to Start in the $550,000s SANTA PAULA, Calif. – Williams Homes and Presidio Residential Capital have acquired 17 acres in Santa Paula, a city in Ventura County, to build Rosewood, a new community with 36 one- and two-story single-family

Continental Realty Advisors and MLG Capital Acquire  408-Unit Apartment Community in Tempe, Ariz.  TEMPE, Ariz. – Continental Realty Advisors, Ltd., a Denver-based national multifamily investment and management firm, in partnership with Milwaukee-based MLG Capital, announced today the $53.5 million acquisition of Tempe Metro, a 408-unit apartment community in Tempe, Ariz. “We are excited to partner

Local Home Developer to Build Vista Robles, Offering 138 Single-Story Homes   DINUBA, Calif. – San Joaquin Valley Homes (SJV Homes) and Presidio Residential Capital recently closed on 40 acres north of Nebraska Avenue and east of Viscaya Parkway in Dinuba and plan to build Vista Robles, a new neighborhood with 138 single-story detached homes.

Admiral Capital Group and Elite Street Capital recently announced the successful sale of The Fields Peachtree Retreat, a 490-unit multifamily property located in Norcross, Ga., in the Atlanta MSA. The asset was sold for $51.2 million, representing an increase of over 40% in value. Admiral and Elite acquired the apartment community for $36.3 million in