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
Brandywine Homes to Build Residential Community Offering 25 Townhomes in Duarte, Calif. Read More »
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
D.R. Horton to Break Ground in Early 2019 to Build Attractively Priced Single-Family Homes Over Several Phases CATHEDRAL CITY, Calif. – The Hoffman Company, a leader in the land brokerage industry, has successfully brokered D.R. Horton’s purchase of 329 single-family lots at Verano, a 1,362-unit master planned community within the city of Cathedral City, from
Neighborhood Offers Wide Range of Family-Friendly Homes Near Downtown HANFORD, Calif. – San Joaquin Valley Homes (SJV Homes) and Presidio Residential Capital celebrated the grand opening of Bella Vista, a 134-home neighborhood, where more than 180 groups of interested homebuyers toured the model homes this past weekend. Demand for the homes are high as four
Palmera Expected to Be Open for Sale in February 2019 BALDWIN PARK, Calif. – Brandywine Homes has begun construction on three model homes at Palmera, a 1.52-acre community in Baldwin Park, Calif., that will offer 23 three-story townhomes. Brandywine plans to open the property for sale in February 2019. “We’re pleased how quickly this
Kensington to Offer Move-Up Homes from the Low $200,000s TULARE, Calif. – October 10, 2018 – San Joaquin Valley Homes (SJV Homes) and Presidio Residential Capital is scheduled to break ground this month at Kensington — a new residential community offering 134 detached single-family houses priced from the low $200,000s. The neighborhood is expected to