Jerad Roberts, This email address is being protected from spambots. You need JavaScript enabled to view it., and This email address is being protected from spambots. You need JavaScript enabled to view it. of Northcap Commercial are pleased to announce the recent sale of Nellis Gate Apartments for $4,500,000 ($90,000/unit). This sale consisted of 50 units built in 2002, located at 4340 N. Las Vegas Blvd. in Las Vegas, Nevada.

Jerad Roberts, This email address is being protected from spambots. You need JavaScript enabled to view it., and This email address is being protected from spambots. You need JavaScript enabled to view it. of Northcap Commercial are pleased to announce the recent sale of Nellis Gate Apartments for $4,500,000 ($90,000/unit). This sale consisted of 50 units built in 2002, located at 4340 N. Las Vegas Blvd. in Las Vegas, Nevada.

Jerad Roberts, This email address is being protected from spambots. You need JavaScript enabled to view it., and This email address is being protected from spambots. You need JavaScript enabled to view it. of Northcap Commercial are pleased to announce the recent sale of Nellis Gate Apartments for $4,500,000 ($90,000/unit). This sale consisted of 50 units built in 2002, located at 4340 N. Las Vegas Blvd. in Las Vegas, Nevada.

Jerad Roberts, This email address is being protected from spambots. You need JavaScript enabled to view it., and This email address is being protected from spambots. You need JavaScript enabled to view it. of Northcap Commercial are pleased to announce the recent sale of Nellis Gate Apartments for $4,500,000 ($90,000/unit). This sale consisted of 50 units built in 2002, located at 4340 N. Las Vegas Blvd. in Las Vegas, Nevada.

Investing over $225 million in the San Diego housing market, Raintree Partners – a private multifamily investment company – is developing three new contemporary Class A multifamily communities in San Diego County. Totaling 498 units, the luxury properties encompass Treehouse – now under construction – a 107-unit development in Bankers Hill; the 189-unit Flora + Fauna, also under construction; and in Bankers Hill and Dos Lunas, a 202-unit community in Encinitas  poised to begin construction late 2025.  

After securing entitlements to convert a vacant 111,483-square-foot office building at 2020 E. First Street in Santa Ana, CA for residential use, Harbor Associates, LLC (“Harbor”) has sold the building to publicly traded homebuilder Meritage Homes for $19.2 million.

After seeing office demand wane in the wake of the COVID-19 pandemic, Harbor started working with the City of Santa Ana to re-entitle the site for the conversion of the 1980’s vintage office building for residential use.   Harbor received approvals last quarter for an 86-unit townhome community that contemplates a mix of two-, three-, four-bedroom and live/work units. 

“The COVID pandemic changed the way users live and work. Our recent adaptive reuse business plans are reflective of markets that have an excess supply of office inventory, but are dramatically undersupplied for housing, industrial and life science uses,” said Harbor Principal Paul Miszkowicz.  “We anticipate more change in the built environment over the next 10 years than in the previous 30 years combined and are prepared to meet the needs of our local communities head on.”

In 2023 Harbor secured approvals from the City of Los Angeles for an office to residential conversion that will add 228 apartment units to the housing stock.  More recently the firm secured approvals to demolish a 118,750-square-foot office building in the Santa Clarita area of unincorporated Los Angeles County and replace it with a 115,000-square-foot industrial building. The firm is currently finishing up the final touches of a 119,000-square-foot R&D-to-life science campus conversion in the City of Agoura Hills 35 miles west of downtown Los Angeles.  The firm is also planning for an office-to-116 residential unit conversion in the City of Denver and a 6.75 acre industrial-to-IOS business plan in the Harbor Gateway area of unincorporated Los Angeles County. 

Greg Sullivan and Anthony Delorenzo of CBRE advised Harbor in the sale to Meritage.

Berkadia, a distinguished leader in the commercial real estate sector, announced today the sale and financing of Legends at Pine Forest, a newer 170-unit apartment community in Pensacola, Florida. 

Managing Director David Etchison of Berkadia Central & North Florida led the transaction on behalf of the seller, Legends at Pine Forest LLC. The buyer, Hamilton Point Investments of Old Lyme, Connecticut, acquired the property for an undisclosed price. The transaction closed on April 10. 

Berkadia, a distinguished leader in the commercial real estate sector, announced today the sale of Retreat at 42^nd, a 268-unit apartment community located in Ocala, Florida – officially known as The Horse Capital of the World®.

Berkadia, a distinguished leader in the commercial real estate sector, is pleased to announce the successful financing of Hawks Landing, a 144-unit garden style multifamily property located in Hickory, North Carolina. The financing, totaling $18.4 million, was secured through Berkadia’s proprietary lending platform by Managing Director Brian Gould, Senior Director Miles Drinkwalter, and Vice President Pat Cunningham of Berkadia DC Metro.