City: Reno
212,647-SF Shopping Center in Reno, Nev., Sold for $40.6Mln
REBusiness Online CIRE Equity has paid $40.6 million, or $190.93/sf, for the 212,647-square-foot Sparks Galleria shopping center in Reno, Nev. The Beverly Hills, Calif., investment firm bought the retail property, at 125-255 Disc Drive, from Pine Tree Commercial Realty, which ...
Skyline Canyon Apartments/3300 Skyline Blvd.
The property, which 95 percent occupied, serves as collateral for $20.23 million of debt that's securitized through FREMF, 2017-K725. The loan has a fixed rate of 4.76 percent coupon and is locked out from prepayment until October 2023.
Reno, Nev., Apartment Complex Sells for $37.55Mln
Elan Multifamily Investments has bought the 204-unit Skyline Canyon Apartments at 3300 Skyline Blvd. in Reno, Nev., for $37.55 million, or $184,068/unit. The Campbell, Calif., investment firm purchased the complex from Oakmont Properties, which was represented by Marcus & Millichap. ...
332-Unit Apartment Property in Reno, Nev., Fetches $35.3Mln
REBusiness Online PacifiCap Properties has sold the 332-unit Southwest Village apartment complex at 3295 South Virginia St. in Reno, Nev., for $35.3 million, or $106,325/unit. The buyer was not disclosed. Marcus & Millichap brokered the deal for PacifiCap, of Portland, ...
Southridge/1550 Sky Valley Drive
The buyer funded the purchase with a $19.8 million loan that pays a fixed coupon of 4.17 percent and has a seven-year term.
Kennedy Wilson Buys Reno, Nev., Apartment Complex for $36Mln
Northern Nevada Business View Kennedy Wilson has bought Southridge, a 293-unit apartment community at 1550 Sky Valley Drive in Reno, Nev., for $36 million, or $122,866.89/unit. The Beverly Hills, Calif., investment manager funded the purchase with a $19.8 million loan ...
Aloft Hotel Planned for Reno, Nev.
Reno Gazette Journal A 164-Room Aloft Hotel is planned for Reno, Nev. The four-story project is being built at the corner of Plumb Lane and Terminal Way, just north of the Reno-Tahoe International Airport.
Mixed-Use Redevelopment Planned for Former Reno, Nev., Mall
Reno Gazette Reno Land Development is planning to redevelop the former Park Lane shopping mall in Reno, Nev., into a mixed-use project. The redevelopment's first phase features the Avant, a five-story multifamily building with 227 units at the corner of ...
9295 Prototype Drive
Citigroup has provided $97.5 million of financing. The financing package is comprised of $80 million of senior debt that has a 10-year term. It requires only interest payments for the first five years, after which it amortizes on a 30-year ...
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