Page 17 - Mg Properties News Today : Breaking News, Live Updates & Top Stories | Vimarsana

ENCINITAS, CA - San Diego-based Tower 16 Capital Partners has successfully sold The District at Grand Terrace, a 352-unit apartment project located in Colton, Calif. The property was originally purchased in 2019 for $63,050,000 and was sold this month for $88 million. During its two-year hold, the company performed a $2.6 million capital improvement program including interior unit renovations and enhancing several exterior amenities. “District at Grand Terrace was a phenomenal execution for Tower 16 and our primary LP investor,” said Tower 16 Co-Founder Mike Farley. “In just two years,...

/PRNewswire/ -- Jetty, the financial services company on a mission to make renting a home more affordable and effortless for everyone, today announced the...

Vu 22 Apartments Photo courtesy of MG Properties Group MG Properties Group based in Sorrento Valley has acquired an apartment complex in Bellevue, WA for $191 million. Built in 2015 as LIV Bel-Red, the 451-apartment complex has been renamed Vu 22 Apartments. MG Properties bought the complex from Kennedy Wilson Fund V. David Young, Corey Marx, Chris Ross, and Jordan Louie of JLL represented the seller. MG Properties Group represented itself. “We have been very active purchasers in the Seattle region and believe Bellevue is well positioned to benefit from economic growth in th...