Good and Roberts, an affiliate of general contractor C.W. Driver Companies, has topped out on Ibis La Mesa. Owned by Sea Anemone, LLC, the $29-million housing project on the former site of a medical office building blends townhome and multifamily options for families and working professionals.
Ibis La Mesa will deliver a total of eight buildings, including four townhouse-style buildings (30 units), three stacked-flat apartment buildings (22 units) and an affordable housing building comprised of 10 units. Good & Roberts is completing all eight buildings within phases.
The affordable housing is set for completion first, while the next three buildings, containing the remainder of the stacked flat, will be completed in phase II. The townhouse buildings will be turned over one at a time, with the final building being completed in October.
Located at 8940 Dailey Rd. and 5101-5125 Garfield St., Ibis La Mesa will offer easy access to Downtown La Mesa, The Grossmont Center, I-8, Route 125 and Route 94.
Ariel Property Advisors closed the $21-million sale of a development site at 566 Grand Ave. and 836 Dean St. in Prospect Heights, Brooklyn. The corner development site comprises approximately 86,065 buildable square feet and traded for approximately $244 per buildable square foot. The transaction was arranged by Ariel partner Sean R. Kelly along with associate...
Learn more
Marcus & Millichap arranged the sale of Knott-Orange Apartments, a 35-unit multifamily property located at 515 S. Knott Ave. in Anaheim. The property sold for $9.65 million, or $275,714 per unit. “This transaction marked the fourth closing from a larger Anaheim-area multifamily portfolio as the seller continues to reposition its holdings through a 1031 exchange...
Learn more
JLL Capital Markets arranged $135 million in construction financing and joint venture equity for the development of The Ibex at Ridge Hill, a 282-unit luxury multifamily community at the Ridge Hill mixed-use lifestyle center in Yonkers. Senior managing directors Evan Pariser and Aaron Niedermayer and director John Lowe arranged the senior construction loan with Bank...
Learn moreRe/Max Real Estate Professionals
Central CA Commercial | California
Recckio Real Estate & Development
Northgate Real Estate Group
California
California