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Marcus & Millichap’s Azzi Group Closes Value-Add Sale of West Hollywood Multifamily

California & West + Apartment Buildings

Marcus & Millichap closed the sale of 1203 N. Kings Road, a 30-unit multifamily property in West Hollywood. The property sold for $7.98 million, or $266,000 per unit. “The property presented the buyer with a rare opportunity to acquire a well-located West Hollywood asset at an attractive basis with significant value-add potential,” said Tony Azzi, executive managing director investments. “With opportunities...

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CBRE Arranges Sale of Apartment Buildings in Wisconsin

Chicago & Midwest + Apartment Buildings

CBRE has arranged the sale of Riverwood Apartments, a fully occupied 32-unit multifamily community in Mauston, Wisconsin. Tripp & Associates acquired the property from Riverwood Apartments, LLC for $3.95 million. CBRE’s Sean Beuche, Max Colby, Matson Holbrook and Gretchen Richards represented the seller in the transaction. “Mauston has proven to be a compelling market for...

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Marcus & Millichap Brokers Sale of 31-Unit Multifamily Near Kansas City

Chicago & Midwest + Apartment Buildings

Marcus & Millichap completed the sale of Creekside Village, a 31-unit multifamily property in Grain Valley, Missouri. “Creekside Village attracted significant investor interest because of its location in one of the Kansas City area’s fastest-growing suburban markets,” said Jacob Carroll, associate director of investments. Carroll and Aaron Kuroiwa, investment specialists in Marcus & Millichap’s Kansas...

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Purdys Considers Factory Relocation From 2.4-Acre Vancouver Site

Canada + Apartment Buildings

A 2.4-acre factory property on Kingsway in East Vancouver could eventually come into play as Purdys Chocolatier considers how and where to modernize its manufacturing operations. Purdys has not announced a move from 2777 Kingsway, but a recent job posting indicates the review has moved beyond a general exploration. The company is seeking a project...

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Northmarq Arranges $23M for Apartments in Federal Way

Seattle & Northwest + Apartment Buildings

Andy Slaton, senior vice president, and John Holt, senior investment analyst, of Northmarq’s San Francisco Debt and Equity team arranged the $23.25 million refinance of Align Apartments, a 105-unit multifamily property located at 35434 25th Ave SW in Federal Way, Washington. Northmarq canvassed the market on behalf of the borrower, St. Regis Properties, including life...

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Peakhill REIT Acquires Toronto Rental Pair For $57 Million

Canada + Apartment Buildings

Peakhill Opportunity REIT and First Olympic Capital have acquired two Toronto rental apartment buildings containing 202 units for approximately $57 million. The properties are in North York and the Rockcliffe-Smythe neighbourhood. The purchase works out to approximately $282,000 per apartment. The larger property, identified by Peakhill as Project Tuesday, is a 14-storey building containing 109...

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Groupe HD Enters Seniors’ Housing With 415-Unit Montreal Project

Canada + Senior Housing

Groupe HD is entering Quebec’s private seniors’ housing market with plans for several Montreal developments, even as the province says nearly 100 residences have stopped operating annually since 2020. The Montreal developer has partnered with Groupe Patrimoine, an established seniors’ residence operator, beginning with a 415-unit project on the Island of Montreal. Its location, investment...

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Safeway Opens at 200K-SF Gilbert Shopping Center

Phoenix & Southwest + Apartment Buildings

Thompson Thrift celebrated the grand opening of Safeway at The Gilmore, the company’s 35-acre mixed-use development in Gilbert. The 64,000-square-foot Safeway grocery store is located at the northwest corner of Val Vista Drive and Germann Road, just off Loop 202. The Gilmore features approximately 200,000 square feet of grocery, restaurant and retail space and the...

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