CBRE, one of the world’s largest real estate investment managers, has listed part of the IBI portfolio for sale (480 units). The bid date has yet to be set. For more information, contact Skylar Audesirk and go to CBRE’s current listings of affordable housing.
IBI’s next affordable housing property, Keystone, is to begin construction in January 2017. The property is located at 1331 Pullman Drive on the east side of El Paso. This fifty-two unit property will feature a two-story contemporary design, a clubhouse with fitness center, a swimming pool, and covered parking. Keystone was designed by Wright & Dalbin Architects. IBI’s Roy Lopez will project manage and Keystone is estimated to be completed in December of 2017.
Cumbre, an impressive market rate development from Investment Builders Inc., will be completed in the summer of 2017. The property, located at 239 Shasta Drive, will add 24 (of a future 48) units to El Paso’s west side. This mountain development will have city views, a clubhouse with fitness center, and a lap pool. Construction began in October 2016 and the project is managed by IBI’s Roy Lopez. Wright & Dalbin Architects provided the building design. For more information on the property please contact Investment Builders.
EL PASO, TEXAS — Clear Sky EBH has purchased the 108-unit Villas at Helen of Troy apartments located at 1325 Northwestern Drive in El Paso. Villas at Helen of Troy Partners LP was the seller. Bill Hahn, Jeff Sherman and Trevor Koskovich of Colliers International’s Phoenix office brokered the transaction. Maricopa County records show the buyer acquired the property with a new loan arranged by Walker & Dunlop’s Phoenix office. The complex was built in 2013. – Haisten Willis
Colliers International Arranges Sale of Villas at Helen of Troy in El Paso
