Summit Pointe Apartments sold
A Salt Lake City investor has bought Summit Pointe Apartments, 1002 SW 89, from Summit Pointe LLC, led by Steve and Kristi Jones and Hunter Miller of Norman, who owned and managed the 184-unit property since it was built in 2009. RS Summit Pointe Apartments LLC paid $14.5 million, or $78,804 per unit, for the 15 two- and-three-story apartment buildings.
Summit Pointe was 93 percent occupied at the time of sale. It had been fluctuating between 94 percent to near full occupancy after the May tornado. Mike Buhl of Commercial Realty Resources Co. handled the sale. The sellers' Carlsbad Management owns and manages other apartment communities, including new Falls at Brookhaven in Norman, a 165-unit community at 36th Avenue NW and Rock Creek Road that is in the lease-up stage.
Building gets two Green Globes
Conway, Ark.-based Nabholz Construction Services has opened its newly completed office building at 6400 S Superior Ave., north of Plaza Mayor at the Crossroads. The 15,600-square-foot building will receive two Green Globes based on the Green Globes environmental assessment and rating system. It is the first newly constructed building in the state to go through this assessment program. The Green Globes system uses a four-Globe scale to assess the environmental performance of commercial buildings.