News

Tower 16 Capital Partners Acquires a 330-Unit Multifamily Property in the Inland Empire for $85 Million

Commercial Real Estate Investment Firm Has Acquired Its Seventh Property in the Inland Empire MORENO VALLEY/SAN DIEGO — San Diego-based Tower 16 Capital Partners has acquired Sorelle Apartments, a 330-unit multifamily property located in Moreno Valley, Calif., for $85 million. The Sorelle Apartments project was built in 1986 and was acquired from a private seller

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Van Daele Homes and Presidio Residential Capital Acquire Land in South Jordan, Utah, in Daybreak Master-planned Community

Van Daele Homes and Presidio Residential Capital Acquire Land in South Jordan, Utah, in Daybreak Master-planned Community Axis at North Station to Offer 77 Townhomes Near Salt Lake City  SOUTH JORDAN, Utah – Van Daele Homes and Presidio Residential Capital have purchased a parcel of land within the 4,200-acre master-planned community Daybreak in South Jordan,

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Tower 16 Capital Partners Acquires a Two-Property, 332-Unit Multifamily Portfolio in Phoenix for $55 Million

Commercial Real Estate Investment Firm Plans to Spend Close to $6 Million to Renovate the Properties SAN DIEGO –  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

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Williams Homes and Coastal Community Builders to Build New Multifamily Communities in San Luis Obispo, Calif.

CCB and Williams Homes Each to Build Multifamily Project in San Luis Ranch SAN LUIS OBISPO, Calif. –  Presidio Residential Capital has announced its plan for a collection of 296 townhomes, condominiums and efficiency condos at The Orchard, a multifamily neighborhood in the highly anticipated mixed-use development of San Luis Ranch in southwest San Luis

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Tower 16 Capital Partners Acquires Four Property Portfolio, Its First Multifamily Project in Albuquerque

Commercial Real Estate Investment Firm Plans to Acquire Over 1,500 Units in the Albuquerque MSA Over the Next 18 Months ALBUQUERQUE — San Diego-based Tower 16 Capital Partners has acquired a four-property portfolio, totaling 572 units in Albuquerque, N.M. The property was acquired from Greenwater Investments for an undisclosed price.

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The Roxborough Group and Paceline Investors Close on $29.2 Million Acquisition of R&D Facility in San Jose, California

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SAN FRANCISCO – Affiliates of The Roxborough Group LLC (“Roxborough”) and Paceline Investors, LLC (“Paceline”) announce the acquisition of 2581 Junction Avenue, a 102,722-square-foot heavy-power R&D facility on a 5.4-acre site located in San Jose, California, for $29.2 million. The property, originally constructed in 1983 and subsequently upgraded for advanced manufacturing use, is located in Silicon

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The Hoffman Company Brokers 18-Acre Parcel in Riverside, California, for Mixed-Use Development

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Property Slated for Multifamily, Retail, Dining, Proposed Hotel, Gas Station and More  RIVERSIDE, Calif. – The Hoffman Company, recently brokered the sale of a 482-unit apartment project on approximately 18 acres, part of a larger 35-acre mixed-use development called The Exchange being developed by the seller, AFG Development LLC. Located near the intersection of CA-60 and I-215 in Riverside,

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