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Partnership Acquires 400-Unit Turtle Creek Apartment Community in Henderson, Nevada

HENDERSON, NV - Roxborough Fund I, an affiliate of San Francisco- based real estate investment firm The Roxborough Group, LLC in partnership with Continental Realty Advisors , a Denver-based multi- family investment and management firm , completed the acquisition of Turtle Creek Apartments , located in the Las Vegas suburb of Henderson, Nevada.  Deal terms remain undisclosed .The 400- unit apartment complex is located in Henderson, Nevada, one of the most desirable submarkets of Las Vegas. The property's immediate location is particularly attractive due to its close proximity to Union Village, a 155 acre health care complex currently under construction on its first phase (Henderson Hospital), which is due to deliver in October 2016. Turtle Creek will benefit from the new hospital, which is anticipated to create over 700 new jobs. Also, Union Village is expected to create 17,000 direct and indirect jobs after full build-out. The property is located near a strong amenity b...

Hines Enters Joint Venture Agreement for Offices at Chandler Viridian

PHOENIX, Aug. 21 -- Hines issued the following news release: Hines, the international real estate firm , has entered into a joint venture agreement with New York Life Real Estate Investors , on behalf of its institutional client , as its equity partner to develop the Offices at Chandler Viridian .The Offices at Chandler Viridian is a six-story, Class A office building with 250,000 square feet of space located at the intersection of Loop 101 and Loop 202 near the Chandler Fashion Center ."The Offices at Chandler Viridian is a highly desirable office building offering users the connectivity needed in today's business world. The addition of New York Life Real Estate Investors ' institutional client creates a powerhouse partnership for this project," said Chris Anderson, managing director and Arizona leader for Hines. "Without leaving the Chandler Viridian campus , tenants will be able to stay at a beautiful new hotel, live at a luxury multifamily complex , ea...