Regional Digests

AZ Big Media Geringer Capital has sold the 160-unit Ventana Palms Apartment Homes in Phoenix for $32.25 million, or $201,563/unit. The San Antonio investor sold the property to an undisclosed California-based company in a deal brokered by ABI Multifamily. Ventana...

Bisnow Wood Partners has broken ground on the 327-unit Alta 801 apartment project in Washington, D.C. The Atlanta developer expects to complete the project, at 801 New Jersey Ave. NW, in 2023. It will have studio, one-bedroom and two-bedroom units...

Washington Business Journal JBG Smith Properties is looking to sell 500 L'Enfant Plaza, a 217,415-square-foot office building in Washington, D.C. The Bethesda, Md., REIT has hired JLL to market the 11-story property, which JBG Smith had developed two years ago....

Commercial Property Executive A joint venture of Stirling Development and Prologis will break ground next month on an 819,964-square-foot industrial property at 13364 Aerospace Drive in Victorville, Calif., about 85 miles east of Los Angeles. The property is being built...

The Real Deal Signature Acquisitions, Empire State Management and Nachman Leibowitz have lined up $105 million of financing against 167 unsold residential condominium units at the 300-unit Cascade complex in Brooklyn, N.Y. G4 Capital Partners provided the financing, which was...

Boston Business Journal A venture of Trinity Financial Inc. and the Harvard Club of Boston plans on building a 133-unit apartment complex at 415 Newbury St. in Boston. Plans call for a 95-unit building with athletic facilities for the Harvard...

AZ Big Media A venture of Banyan Residential and Milhaus has broken ground on Banyan North Tempe, a 651-unit apartment property in Tempe, Ariz. The $177 million project is being funded in part with $52 million of construction financing from...

Dallas Business Journal DW Distribution Inc. is in talks to lease 185,900 square feet of industrial space in the Dallas suburb of Lancaster, Texas. The family-owned company, which builds door units for residential developments, would use the space, at 2001...

Dallas Business Journal Robinson Weeks Partners wants to break ground next month on a 500,000-square-foot warehouse property in Lancaster, Texas, about 16 miles south of Dallas. The Atlanta developer is building the industrial project on a 26.7-acre site near the...

Phoenix Business Journal George Oliver Cos. has paid $26.15 million, or $243.24/sf, for Hayden Station, a 107,508-square-foot mixed-use property in Tempe, Ariz. The Phoenix developer purchased the property from YAM Properties, which is owned by Bob Parsons, founder of GoDaddy.com. Parsons...