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• Low-Income Senior Housing Project in Lancaster Sells for $8.65 Mil
4/09/19
Aurora Village Apartments, a 132-unit, low-income senior housing project located in what is envisioned to become Lancaster’s Medical Main Street, has traded for $8.65 mil, or $65.5k/unit. The community sits on 3.4 acres at 4...
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• Luxury Res Project Opens in L.A.’s Miracle Mile District
4/09/19
The Mansfield at Miracle Mile, a new mixed-use project in L.A.’S Miracle Mile area, has opened to the public. The project, located at 5100 Wilshire Blvd, a block away from the future Purple Line Station at Wilshire and La Bre...
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• Work Started on 46-Story Luxury Res Tower in Downtown Houston
4/09/19
Hines, along with investment partner Cresset-Diversified QOZ Fund, has started construction on The Preston, a 373-unit, luxury apartment high-rise community in downtown Houston. The project, located on the site of the former ...
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• Continental Realty Advisors Spends $14 Mil for 63-Unit Res Community Just Off the Vegas Strip
4/05/19
The Onyx, a 63-unit residential community just off the Strip in Las Vegas, was acquired by Continental Realty Advisors (CRA) in a $14 mil deal ($222k/unit). Occupancy at the property is high due to its proximity to the Strip ...
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• Kearny Mesa Multifamily Dev Set to Move Forward with $145 Mil in Financing
4/05/19
Sunroad Enterprises has secured a $145 mil senior loan for the development of Sunroad Centrum Phase 6, a seven-story, 442-unit, Class A multifamily development in San Diego’s Kearny Mesa neighborhood. The project will be the ...
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• Branch West Real Estate Partners and The Bascom Group Buy OC Res Development Site
4/04/19
BWV W. Katella LLC, a joint venture between Branch West Real Estate Partners LLC and The Bascom Group LLC, has acquired a 1.1-acre parcel of land in the city of Orange for a new residential development. The site is located at...
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• AZ Multifamily Property Trades in $8.7 Mil Deal
4/02/19
Puesta Del Sol, a 128-unit apartment complex in Phoenix, AZ, sold for $8.725 mil ($68k/unit). The asset, located at 8818 S. Central Ave, was acquired by Urban Communities, a real estate development and redevelopment company t...
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• Avanath Development LLC and Opportunity Assets Group LLC Create Qualified Opportunity Zone Fund
4/02/19
Avanath Development LLC and Opportunity Assets Group LLC (OAG) have launched a Qualified Opportunity Zone Fund with a target raise of up to $300 mil. In addition to improving low-income communities in designated Opportunity Z...
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• Holland Partner Group Wraps Up Work on Two High-Rise Res Towers in Downtown L.A.
4/01/19
Holland Partner Group (HPG) has completed work on two high-rise, mixed-use developments in downtown Los Angeles. The two projects - The Grace and The Griffin on Spring -- are located at the intersection of the Historic Core a...
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• Developer Spends $20 Mil on 3.26-Acre Development Parcel in Santa Clara County
3/29/19
A local developer paid $20 mil for a 3.26-acre land parcel in Santa Clara County, on which the buyer plans to construct a townhome community. The land parcel is currently occupied by 54 vacant mobile home units and is entitle...
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• Arrimus Captial Acquires 182-Bed Student Housing Facility in Austin
3/29/19
Arrimus Capital has purchased Villas on 26th, a luxury student housing community located near the University of Texas in Austin, TX. The property was sold by TX-based Zucker Properties, the original developer of the property....
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• Four Multifamily Assets in the San Fernando Valley Totaling 61 Units Trade for $11.8 Mil
3/29/19
Two multifamily portfolios in the San Fernando Valley, totaling four buildings and 61 units, sold in separate deals worth a combined $11.8 mil ($193.4k/unit).
The first portfolio consisted of two buildings located at 19340 W...
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• Bridge Housing Secures $16 Mil in Financing for Bay Area Affordable Housing Development
3/29/19
Bridge Housing has locked in a $15.96 mil forward commitment for the permanent financing of Bay Meadows Apartments, a 68-unit affordable housing community located in San Mateo. The property will be developed using 9% Low-Inco...
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• Affordable Housing Project Breaks Ground in Long Beach
3/28/19
Clifford Beers Housing has broken ground on Vistas del Puerto Apartments, a 47-unit affordable housing project located at 1850 Locust Ave in Long Beach that was designed by KFA Architecture. The units will be available for ho...
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• PCCP Provides $14.7 Mil in Preferred Equity for Silicon Valley Res Development
3/27/19
Bay West Development and Lane Partners have teamed up with PCCP LLC, who will provide $14.7 mil of preferred equity for the development of a 75-unit, Class A, multifamily community located at 311 S. Mathilda Ave in Sunnyvale....
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• San Diego Multifamily Property Traded for $9.7 Mil
3/26/19
Pacific Crest Apartments, a 44-unit residential complex located in the Imperial Beach area of San Diego, traded hands in a recent $9.7 mil ($220.5k/unit) transaction. The 32.8k sf property sits on just over one acre at 1030-1...
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• AZ Residential Community Gets New Owner in $84 Mil Transaction
3/22/19
Broadstone Roosevelt Row, a new, 316-unit Class A, luxury rental community centrally located in the heart of Downtown Phoenix’s iconic Roosevelt Row Arts District, changed hands in an $84.2 mil ($266.5k/unit) transaction. Th...
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• Lennar Corporation Acquires 41 Acres in San Diego for Res Development
3/22/19
Lennar Corporation has acquired a 41.5-acre property in San Diego, California for the proposed development of a new 601-home residential community known as Pacific Village. The property is situated in Rancho Penasquitos, a su...
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• Hollywood Apartment Building Sells for $344k/Unit
3/20/19
Sunset Formosa, a 36-unit apartment property in Hollywood, recently sold for $12.4 mil, or $344k/unit. The property, located at 1522 N. Formosa Ave, traded between Los Angeles-based private investors.
Situated just one block...
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• Reliant Group Management Spends $116 Mil on Bay Area Res Portfolio
3/15/19
San Francisco based Reliant Group Management has acquired a multifamily portfolio consisting of seven properties in six Bay Area cities, for $116 mil. The purchase totals 603 apartment units ($192.4k/unit) with a combined 478...
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