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Value Add Real Estate Co., or VareCo., has paid $17.8 million, or $140,157/unit, for the Lyon, a 127-unit apartment property in downtown Des Moines, Iowa. The Denver investment firm purchased the property from Premier Cos. of Franklin, Tenn., which was ...
RISE Properties Trust has paid $73.5 million, or $329,596/unit, for the 223-unit Saddlebrook apartment property in the Seattle suburb of Des Moines, Wash. The Vancouver, British Columbia, REIT purchased the property from FSC Realty LLC, which was represented by Berkadia. ...
REJournals.com Endeavor Development has broken ground on the first phase of the I-80 Distribution Center, a 900,000-square-foot industrial property in Altoona, Iowa. The Minneapolis developer is building the property at 451 9th St. NE, about 13 miles northeast of Des ...
A venture of Opus Group and ATI Group has broken ground on Rider Logistics Center, a 270,000-square-foot industrial property in Grimes, Iowa. Opus, of Minnetonka, Minn., and ATI, of Ankeny, Iowa, are building the property at 3901 SE Park Drive, ...
Opus Group will break ground soon on the 76,000-square-foot office property at 12400 Meredith Drive in Urbandale, Iowa, about 15 miles west of Des Moines, Iowa. The two-story property will serve as the headquarters for WorldWide Logistics, a provider of ...
The Opus Group has broken ground on Commerce Crossings, a 195,500-square-foot industrial building in Bondurant, Iowa, about 12 miles northeast of Des Moines, Iowa. The Minnetonka, Minn., developer is building the property on a 24.3-acre site at the northwest corner ...
Mesirow Realty Sale-Leaseback Capital is offering for sale a newly built industrial property with 2.68 million square feet in Bondurant, Iowa, about 12 miles east of Des Moines, Iowa. The property is fully leased to Amazon.com Inc. Avison Young has ...
JLL Capital Markets represented BBK in the sale and arranged $45.4 million of Fannie Mae financing to help fund Spruce Capital's purchase. The financing has a 10-year term and pays an average coupon of 2.77 percent. Four of the properties ...
Spruce Capital Partners has acquired a portfolio of six apartment properties totaling 507 units in the suburbs of Des Moines, Iowa, for $56.7 million, or about $111,834/unit. The New York investment manager bought the portfolio from BBK Apartments of Ankeny, ...
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