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Berkadia sells 176-unit apartment community in Kansas City

Nori Apartments Exterior

By: Staff Writer  August 9, 2018 Berkadia recently closed the sale of NoRi, a 176-unit multifamily community in Kansas City, Missouri. Senior director Michael Sullivan and director Brett Meinzer of Berkadia’s Kansas City investment sales team, and managing director Alex Blagojevich of the company’s Chicago office, represented Salt Lake City, Utah-based Sundance Bay. Monarch Investment […]

California real estate firm buys Las Vegas apartment complex

By: Eli Segall California real estate firm OpenPath Investments bought the Desert Ridge apartment complex at 7055 E. Lake Mead Blvd., for almost $31 million. (Berkadia)California real estate firm OpenPath Investments bought the Desert Ridge apartment complex at 7055 E. Lake Mead Blvd., for almost $31 million. (Berkadia) By Eli Segall / Las Vegas Review-JournalApril […]

Why Fast Food Chains and Medical Offices Are Proliferating

Starbucks Employee at Coffee Shop

By: Betsy Kim | April 09, 2018 at 04:00 AM Top net lease developers share their perspectives with one advisor saying “the best real estate is covered up with bad buildings.” NEW YORK CITY—At the RealShare Net Lease Conference on April 5 in New York City, top professionals in the net lease development world openly shared what […]

Giant St. Matthews apartment complex to undergo $15M renovation

By: Marty Finley  – Reporter, Louisville Business FirstFeb 28, 2018, 9:45amThe new owners of a 540-unit apartment complex in St. Matthews plan to completely revamp the aging complex with a modern look in a competitive leasing environment. Travis Olsen, director of development and construction for Salt Lake City-based Sundance Bay, said Wednesday that the company is preparing […]

The Cautious Growth of Net Lease Development

Net Lease Building Graphic

By: Alexandra Pacurar, Commercial Property ExecutiveFebruary 21, 2018 Sundance Bay’s Mark Maughan explains challenges for smaller owners and his expectations from the sector for the coming 12 months. The outlook for net lease development is positive, with high demand and capital availability at the core of growth predictions. Larger companies and emerging developers in the […]

Mitt Romney’s sons part of value-add apartment play in KC

Haven Kansas City Common Area

By: Rob Roberts  – Reporter, Kansas City Business Journal Oct 24, 2016, 2:40pm CDT Updated Oct 25, 2016, 6:56am A Salt Lake City-based real estate investment group that includes two sons of 2012 Republican presidential nominee Mitt Romney as principals is continuing its value-add multifamily play with the completion of two more apartment complex renovation and rebranding projects in the Kansas […]

Louisville’s Woodbridge Apartments

Louisville's Woodbridge Apartments

By: Marty Finley  – Reporter, Louisville Business FirstJun 23, 2016, 10:26am Sundance Bay has taken a liking to Louisville. The Orem, Utah-based company previously purchased and conducted a multimillion-dollar renovation of the Barrington Place office tower downtown, and the company is repeating that process with another Louisville apartment complex. The company acquired the 360-unit Woodbridge Apartments off New […]

Downtown high-rise owner cashes in on renovations with $13 million sale

Highrise building with Colonel Sanders Portrait

By:Marty Finley  Reporter, Louisville Business FirstMay 10, 2016, 4:24pm EDT Updated May 10, 2016, 4:05pm The high-rise Barrington Place apartment complex in downtown Louisville has a new owner after its seller cashed in on a recent renovation of the property. An affiliate of Utah-based development firm Sundance Bay has sold the apartment complex, at 537 S. Third St.. for […]

Tempe’s Largest Mural

Tempe’s Largest Mural

The largest mural in Tempe is now being created by muralist and local artist, Aztec Smurf. Smurf is painting a giant Gila Monster, a lizard native to the valley, across a 50 x 55 ft. wall of The Mark, an apartment complex on the corner of Lemon St. and Terrace Rd. As a local who […]

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