SAN DIEGO/LAS VEGAS — October 3, 2018 — San Diego-based Tower 16 Capital Partners, in a joint venture with Henley USA, has acquired Cornerstone Crossing Apartments, a 540-unit multifamily project in northwest Las Vegas, for $49.75 million. Tower 16 will oversee $6.5 million in renovations and upgrades to the project. “Cornerstone Crossing is another great […]
Local Home Developer to Build Summerlyn, Offering 150 Single-Family Homes KINGSBURG, Calif. – San Joaquin Valley Homes (SJV Homes) and Presidio Residential Capital recently acquired 53 acres in Kingsburg, Calif., and plans to build Summerlyn, a new community offering 150 single-family detached homes. Construction is set to begin next month and a grand opening
Development Within French Valley Master-Planned Community Designed to Preserve Natural Elements and Open Space MURRIETA, Calif. – Cornerstone Communities and Presidio Residential Capital will hold a grand opening at Brighton at The Promontory, a unique hillside community in the north Temecula Valley Wine region, on Saturday, September 22. One of three new residential developments within
131 Homes Sold in a Record 12 Months in the Tight Housing Market of South Bay LONG BEACH, Calif. – Brandywine Homes announced today that all 131 single-family homes in Riverdale have sold out just one year after the grand opening of the gated residential community in northeast Long Beach. Sales have been consistently brisk
Local Home Developer to Build Cambria, Offering 80 Single-Family Homes PORTERVILLE, Calif. – San Joaquin Valley Homes (SJV Homes) and Presidio Residential Capital recently closed on 15 acres of farm land on Henderson Avenue in Porterville and plans to build Cambria, a new neighborhood with 80 single-family detached garden homes. The partners plan to
Atlanta – Admiral Capital Group and McCann Realty Partners announced the successful sale of Discovery at River Bend, a 256-unit multifamily property located in Duluth, GA, in the Atlanta MSA. Admiral and McCann acquired the apartment community in February 2016 through a joint venture. The investment provided an opportunity to purchase a well-located asset at
Five Homes Have Already Been Sold in 114-Unit Neighborhood TULARE, Calif. – San Joaquin Valley Homes (SJV Homes) and Presidio Residential Capital recently held a grand opening celebration at Brighton, a $34 million, 30.7-acre community offering 114 detached single-family homes in northeast Tulare. Five homes have already been sold and two homes are currently
New Homeowners to Receive One-Year Free Social Membership to the Candlewood Country Club WHITTIER, Calif. – Brandywine Homes has broken ground at Candlewood Villas, a 53-townhome community located on 3.96 acres adjacent to the Candlewood Country Club golf course in Whittier, Calif. The project is scheduled to open for sale by March 2019.
NEW YORK – Admiral 2R Management LLC (“A2R”), an investment management firm partnered with Admiral Capital Group (“Admiral”), announced today the acquisition of The Madison office complex in Phoenix, AZ and the Balboa Executive Center office building in San Diego, CA. These acquisitions are the first for A2R and aligned with its strategy of acquiring well-leased,
SAN DIEGO/LAS VEGAS — San Diego-based Tower 16 Capital Partners, in a joint venture with Henley USA, has acquired a 512-unit multifamily project in Spring Valley, one of Las Vegas’s top submarkets. The project was acquired on an off-market basis from a private seller in a deal valued at $50 million. Tower 16 will be