JLL closes sale and financing of Copper Canyon Apartments in Highlands Ranch, CO

Pam Koster

DENVER, CO – JLL announced it has closed the sale and financing of Copper Canyon, a 222-unit, garden-style apartment community in the Denver suburb of Highlands Ranch, Colorado.

JLL marketed the asset exclusively on behalf of the seller and procured the buyer, CARROLL.

 Additionally, JLL worked on behalf of the new owner to secure a 10-year, floating-rate acquisition loan through Freddie Mac. The loan will be serviced by Jones Lang LaSalle Multifamily, LLC, a Freddie Mac Optigo℠ lender.

Dave Martin 

Copper Canyon is located at 3880 E. County Line Road near the intersection of C-470 and University Boulevard. The community, which is situated on 13 acres, offers residents easy access to employers in and around the Denver Tech Center, metro Denver’s premier employment center. 

Copper Canyon consists of a mix of one-, two- and three-bedroom units averaging 884 square feet that feature fully equipped kitchens, garden tubs, in-unit washers and dryers, spacious closets and balconies with mountain views. 

Community amenities include a swimming pool with heated spa, courtyard with grilling area, 24-hour fitness center, business center, playground and detached garages. The property was approximately 96 percent occupied at closing.

Brian Mooney

The JLL Capital Markets team that represented the seller was led by Managing Directors Dave Martin and Pam Koster and Vice President Brian Mooney.

JLL’s Capital Markets team that arranged the acquisition financing for the borrower/buyer was led by Managing Director Matt Steffen.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. 

The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment advisory, debt placement, equity placement or a recapitalization. 

Matt Steffen

The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources on JLL, please visit the firm’s U.S. media center Web page: U.S. newsroom.

Contact: 

Olivia Hennessey, JLL Public Relations Specialist

Phone: +1 713 852 3403

Email: Olivia.Hennessey@am.jll.com

jll.com
www.CarrollOrganization.com

Levin Johnston Directs Two Property Trades Totaling $28.6 Million in California Bay Area

Woodgate Apartments, 1950 Montecito Avenue, Mountain View, CA 

BAY AREA, CA – Levin Johnston of Marcus and Millichap, one of the top multifamily brokerage teams in the U.S. specializing in wealth management through commercial real estate investments, has successfully directed the acquisition of a newly renovated office in Redwood City, California, along with the sale of an apartment community in Mountain View, California, for a total transaction volume of $28.6 million.

Levin Johnston represented a single client as the buyer in the Redwood City office transaction and as the seller in the Mountain View sale—part of a successful 1031 exchange directed by Executive Managing Director Adam Levin and Senior Managing Director Robert Johnston.

 “With this exchange, we were able to both secure a competitive price for the multifamily asset, as well as help diversify our client’s portfolio by identifying a high-yielding office building in the desirable Redwood City market, which will create long-term wealth and stability for years to come,” explains Levin.

558 Brewster, Redwood City, CA includes two floors of office space

“These transactions demonstrate our capabilities to go beyond a transactional mindset and serve as wealth and investment advisors for our clients.”

The 1031 exchange began with the $22.5 million sale of Woodgate Apartments, a 34-unit multifamily community in Mountain View, and concluded with the $6.1 million acquisition of 558 Brewster, a newly renovated, single-tenant office building totaling 5,580 square feet in Redwood City.

 “A unique investment opportunity in a top-performing market, 558 Brewster is a perfect fit for an experienced investor looking to expand their portfolio,” says Johnston.

Adam Levin

“The demand for quality office product is at an all-time high. Future job growth in Redwood City is projected to be 37 percent over the next 10 years, surpassing the U.S. average of 33.5 percent.”

The area benefits from its proximity to Silicon Valley, attracting major tech companies including Apple, Inc., Tesla, Yahoo, and Microsoft, among many others.

“The investment appeal of 558 Brewster is driven by Redwood City’s core downtown location, strong employment fundamentals, and low vacancy levels, as well as its close proximity to major employers and transportation corridors,” Levin adds.

Originally constructed in 1981 and renovated earlier this year, 558 Brewster includes two floors of office space.

Situated in a prime corner office location of Brewster Avenue and Winslow Street, the property is in walking distance to a Caltrain station and downtown Redwood City.

The asset also features ample on-site parking, a carport, storage areas, and high-quality kitchen facilities.

           Robert Johnston

Located at 1950 Montecito Avenue in Mountain View, California, Woodgate Apartments is in close proximity to Highway 85 and Highway 101, offering direct access to the entire Bay Area. Originally constructed in 1976, the property offers studios, one- and two-bedroom apartments, as well as laundry facilities and covered parking.

Levin Johnston has completed over $300 million in sales in 2019 to date, demonstrating continued health in the commercial real estate market in this region. For more information about the firm’s $100 million in available properties, visit www.levinjohnston.com.

Contact:

Alex Caswell / Jenn Quader 

Brower Group

(949) 438-6262

acaswell@brower-group.com

levinjohnston.com

AEI Consultants Adds Industry Veteran Jame While as Director, Europan Markets as Part of Continued Expansion

  

James While

            WALNUT CREEK, CA and BIRMINGHAM, UK - AEI Consultants, a leading commercial real estate assessment and consulting firm, has announced the addition of James While as Director, European Markets.

While brings more than 25 years of experience in marketing and business development across the engineering, property, infrastructure, environmental, and sustainability sectors.

David Hodge

He will work alongside David Hodge, Director, European Operations at AEI, to further the firm’s expansion in the European market, as well as deepen its range of services for U.S.-based, European, and other global stakeholders.

           

“James While’s experience, leadership, and significant industry relationships will continue to enhance AEI’s client services in the European market,” says Hodge. “His unparalleled enthusiasm and proven track record of impactful results make him a perfect addition to our global team.”

           

While says: “AEI’s collaborative culture offers an unprecedented opportunity for all. I am pleased to join this team of driven and dedicated professionals whose true desire to think beyond geographical borders will continue to provide stability and growth for all of our clients.”

           

 Contacts:

Lisa James / Elisabeth Manville

Brower Group

(949) 438-6262

ljames@brower-group.com

www.aeiconsultants.com

Silicon Valley Multifamily Expands Bay Area Presence with Two New Brokers

Ting Liu

LOS GATOS, CA, Sept. 16, 2019 – Bay Area multifamily brokerage firm Silicon Valley Multifamily Group (SVMG) has expanded with two veteran brokers, Chip Trimmier and Ting Liu.

Together, they will focus on growth opportunities in San Mateo and Alameda County, including the ability to better serve Mandarin-speaking clients.

“Our objective since day one has been to provide high-quality investment advice for those looking to buy or sell Bay Area multifamily and commercial investment properties,” said Michael Shields, CCIM, Founder and Managing Broker for Silicon Valley Multifamily Group.

Charles (Chip) Trimmier 

“Chip and Ting bring a unique skillset to that mission, allowing us to help clients navigate and succeed through major market shifts such as rent control and global economic uncertainty.”

Trimmier and Liu will continue SVMG’s efforts to provide brokerage and 1031 exchange services, as well as short-term and crisis property management solutions to both English and Mandarin-speaking clients.

Trimmier has been a real estate professional since 2004, founding a title company, a property management company and simultaneously serving as general counsel and business developer for a government contractor located in the Washington D.C. area.

Michael Shields

Liu is a 20-year industry veteran with experience as a realtor, property manager and commercial real estate professional specializing in investment brokerage.

 Her experience includes brokering small residential income investment properties and residential properties, serving as property manager for commercial and multifamily assets, and directing sales and accounting protocols.

Liu is fluent in Mandarin and English and has resided in both the U.S. and China, offering her a unique understanding of each culture.

 CONTACT:

Stacey Hershauer

focusAZ 

P 480.600.0195

www.focusaz.com

www.siliconvalleymultifamily.com.