News

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.

The Deal Marks AWH’s First Property in San Francisco NEW YORK — September 13, 2021 — An affiliate of AWH Partners, LLC and The Roxborough Group, LLC has acquired the Villa Florence Hotel and retail in San Francisco for $87.5 million. The partnership plans a full repositioning of the property, including a renovation of all

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

 Commercial Real Estate Investment Firm Has Acquired Six Properties in Its Continuing Inland Empire Expansion MORENO VALLEY/SAN DIEGO — San Diego-based Tower 16 Capital Partners has acquired a two-property multifamily portfolio consisting of 504 units in Moreno Valley, Calif., for $107.2 million. The Sienna Pointe Apartments project consists of 384 units built in 1985 while

Fundraise Exceeds Its Original Hard Cap SAN FRANCISCO — July 13, 2021 — The 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

PHOENIX — Tower 16 Capital Partners has sold IVilla Garden Apartments, a 214-unit multifamily project in Phoenix, for $30 million. The property was purchased by Tower 16 in February 2020 for $15.1 million in an off-market transaction. The new buyer is Tides Equities, one of the largest apartment owners in the Phoenix market, who is

  Central Valley Developer Will Build 155 Single-Family Homes  TULARE, Calif. – San Joaquin Valley Homes (SJV Homes) and Presidio Residential Capital closed on a parcel of land in northeast Tulare, complementing its other two communities in the area, Kensington and Brighton. The new community called Cypress Park will consist of 155 single-family detached homes

   Local Valley Homebuilder Presents Lucky Homebuyer a Check for $2,500 at Greystone in Visalia, California  VISALIA, Calif. – San Joaquin Valley Homes (SJV Homes) announces it has closed its 2,500th home after fewer than eight years building homes in the Central Valley.