CBRE Arranges $53M Sale of Townhome Community in Lacey
CBRE has arranged the $53 million sale of Chambers Reserve, a 125-unit townhome community in Lacey.
CBRE’s Jordan Louie, Eli Hanacek, Kyle Yamamoto and Natalie Kasper represented the seller in the transaction. “Chambers Reserve offered investors a unique opportunity to acquire a newly constructed built-to-rent community in the growing Puget Sound region,” said Louie. “The property’s expansive floor plans, thoughtful amenities and proximity to several major employment centers were major factors in creating strong investor interest.”
Chambers Reserve is located at 3725 Wildspitz St. SE on an 8.33-acre site near Interstate 5, providing access to Olympia, Tacoma and the broader Puget Sound region. Built in 2023, the property includes 23 townhome buildings and features a mix of three- and four-bedroom floor plans with an average unit size of 1,736 square feet. Community and unit amenities include two-car garages, private decks, air conditioning, quartz countertops, stainless steel appliances, a 24-hour fitness center, a seasonal swimming pool and a clubhouse.
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North Hollywood Apartments Trade to Locally Based LLC
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Charney Companies, Tavros Break Ground on Fifth Gowanus Development
Charney Companies and Tavros recently celebrated the groundbreaking of 175 Third St. in Gowanus, Brooklyn. The 27-story mixed-use tower, the newest addition to the Gowanus Wharf development, will house more than 1,000 apartments, approximately 250 of them affordable. Designed by Bjarke Ingels Group (BIG) and dencityworks, the project will also include a 28,000-square-foot public waterfront...
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JLL Arranges $276M Refi for Newport Beach Seniors Communities
JLL Capital Markets arranged $276 million in refinancing for Vivante Newport Center and Vivante Newport Mesa, a two-property seniors housing portfolio in Newport Beach. Senior managing director Greg Brown, assisted by senior managing director Aaron Rosenzweig worked on behalf of the borrower, an affiliate of Nexus Development, to secure two uncrossed loans for the portfolio....
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Brokers
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Remax Professionals
Re/Max Real Estate Professionals | New York
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout