Two data center properties in Rancho Cordova have sold to the same buyer for more than $50 million. According to property records, Tampa, Florida-based real estate investment firm Carter Validus bought 11085 Sun Center Drive for $36.8 million and 3065 Gold Camp Drive for $14.2 million, both within the last month. Representatives of Carter Validus did not return calls seeking comment. The company’s website states that it sponsors real estate investment trusts that own data…

BELEN, N.M. (KRQE) – Within the next few weeks, a massive dirt lot near I-25’s Belen exit will be turned into 92 new homes. "It’s been about 20 years since we’ve seen a new housing development in Belen," said Belen Mayor Jerah Cordova. Cordova says more people are moving to Belen than they have houses for. "Belen, right now, is having a housing boom. We are having one of the best real estate markets in…

Choose from three one-time payment options: Annual digital subscription, 4-week digital subscription and 1-day digital pass. Source Article

Rancho Cordova is seeing interest from developers in two long-vacant parcels, with the possibility that they could help the city meet some of its goals for housing. City planners are awaiting formal proposals for the two sites: an 8.86-acre parcel at Bear Hollow and Zinfandel drives, and a 5-acre parcel on Old Placerville Road. An unspecified developer has approached the city about building 320 apartment units, including a clubhouse, pool and tot lot, on the…

Cohen-Esrey Apartment Investors LLC, the apartment acquisition unit of Kansas City-based Cohen-Esrey LLC, has announced property acquisitions and sales totaling $107 million. CEAI most recently closed the purchase of the 612-unit Fairways at Lincoln Apartments community in Lincoln, Neb., on Jan. 31. Built around a nine-hole golf course, it consists of 51 two-story brick and wood-sided buildings. In October, CEAI bought the 312-unit Appling Lakes at Cordova Club Apartments in Cordova, Tenn., a Memphis suburb….