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PHOENIX—Sonoma Valley LLC of Scottsdale purchased Indian Wells,a 176-unit class B multifamily complex in Apache Junction, from CSFB 2004-C5 Apache Apartments, LLC a subsidiary of LNR partners of Miami Beach.
SALT LAKE CITY, UT—Spec construction in industrial market has hit a pres-recession mark, and office net absorption is at the highest level in seven years.
PASADENA, CA—M West Holdings buys a 64-unit multifamily property in the former “Millionaires Row” area of Pasadena with plans to upgrade the interior units and benefit from the high demand for luxury properties.
NEWTON, MA—Select Income REIT is reviewing a presentation by shareholder Lakewood Capital Management, which says the net lease REIT's stock ought to trade at 50% above current valuation levels.
SAN DIEGO—In addition to being a vibrant growing market, 'San Diego is a natural fit for us since Kidder Mathews currently manages 800,000 square feet of biotech space in La Jolla,' says one source.
LONDON—The latest high profile addition to the firm's executive echelon, Carol Hopper brings a wide range of experience with major clients to the firm.
OKLAHOMA CITY, Okla.--The RADCO Cos. (RADCO) has acquired a three-property multifamily portfolio in Oklahoma City for $38.5 million, with plans to invest more than $7.6 million to improve them.