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Transaction of the Week

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  • Vintage Roselake Apartments in Reno Trades for $12 million

    Investor Kaweah LLC ended its more than a decade-long ownership of Roselake Apartments in Reno, NV, disposing of the 80-unit property for $11.8 million. The California seller, represented by CBRE’s Senior Vice President Ben Galles, agreed to an all-cash deal with buyer Daniel Ochoa. “The seller decided to cash out and not do a 1031 exchange,” Galles told ApartmentBuildings.com. “They had a pretty good basis in the property, as they acquired the asset in 2014, a few months before Tesla...

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  • Boca Raton Hotel Switching to Apartments

    A 183-room Boca Raton hotel may soon become a 125-unit apartment complex. Opterra Capital has requested a permit to convert...
  • Flournoy Building 4th Charlotte Rental Community

    Flournoy Development Group has been greenlighted for a multifamily/commercial project at 2200 Electrolux Way in Charlotte. The Charlotte Business Journal...

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