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• The Ezralow Company Spends $32 Mil on Two AZ Multifamily Communities
9/13/21
The Ezralow Company has acquired two multifamily properties totaling 724 units in north Scottsdale for a combined price of $312.5 mil ($431.6k/unit). The seller was a joint venture of Bascom Arizona Ventures and Pacific Life ...
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• Pacific Partners Residential Secures $40 Mil in Construction Money for Two Res Developments
9/10/21
Pacific Partners Residential, an Idaho-based multifamily development firm, has obtained $39.65 mil in construction financing for the development of Redpoint Apartments, a 192-unit market-rate multifamily community in Redmond,...
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• Intercontinental Real Estate Corporation and Security Properties Team Up in Recapitalization of 244-Unit Sacramento Multifamily Property
9/09/21
Intercontinental Real Estate Corporation has entered into a joint venture with Security Properties to acquire Broadleaf Apartments, a 244-unit, Class B+ garden-style apartment community in Sacramento, for $87.5 mil ($358.6k/u...
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• Inland Empire Multifamily Portfolio Trades in Multiple Deals Totaling $14.4 Mil
9/09/21
A seven-property multifamily portfolio in the Inland Empire was sold in separate transactions totaling $14.4 mil. The properties, located in Ontario, Riverside, Calimesa, Lake Elsinore, Colton and Mentone, total 80 units. All...
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• Decron Properties Closes on 300-Unit AZ Res Buy
9/08/21
Decron Properties has boosted its Arizona multifamily portfolio with the purchase of Broadstone Grand, a 300-unit multifamily community in Tempe, for $106.5 mil, or $355k per unit.
Located at 1003 W Washington St., Broadsto...
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• Cadence Real Estate Buys 25-Unit Multifamily Property in Seattle
9/08/21
Cadence Real Estate has acquired Terri Ann Apartments, a 25-unit multifamily building in Seattle’s First Hill neighborhood, for $6.3 mil ($252k/unit). The property, located at 1331 Terry Ave, was sold by a local investor.
Th...
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• Vegas Apartment Building Trades for $21.75 Mil
9/08/21
Mark I Apartments, a 113-unit apartment property in Las Vegas has a new owner after being sold in a $21.75 mil ($192.5k/unit) transaction. The property, which includes three retail units, is located at 1020 E. Desert Inn Rd. ...
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• Long Beach Res Sale Comps at $223k/Unit
9/07/21
A 20-unit apartment property located at 1000 Redondo Ave in the Eastside submarket of Long Beach sold for $4.455 mil, or $222.8k/unit. The buyer was a private investor out of Los Angeles.
Built in 1929, the 9.6k sf, two-sto...
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• South Pasadena Multifamily Property Comps at $356k/Unit
9/07/21
A 42-unit multifamily community in South Pasadena was picked up by a private investor in a $14.95 mil ($356k/unit) deal. Constructed in 1957, the property sits on a one-acre lot at 1760 State St.
The building features a unit...
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• Riaz Capital Introduces Its Third Opportunity Zone-Compliant Development Fund
9/06/21
Riaz Capital, a Bay Area-based development and management company, has unveiled its latest opportunity zone-compliant development fund, focused on housing for the Bay Area’s underserved urban workforce.
The Ozone III fund,...
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• Downtown San Diego Multifamily Sale Goes for $100k per Unit
9/06/21
A 78-unit multifamily property located in downtown San Diego’s East Village neighborhood sold for $7.8 mil ($100k/unit). The 32.8k sf historic property was constructed in 1869 and is located at 509 Park Blvd.
Peter Scepanov...
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• Local Investor Nabs Laguna Beach Mixed-Use Property
9/03/21
The Gallery, a 10-unit mixed-use property in Laguna Beach, was acquired by a local investor. The property, located at 326-336 North Coast Highway, consists of seven apartments units and three commercial spaces. Two of the com...
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• Multifamily Property in San Leandro Sells for $275k per Unit
9/03/21
Foothill Terrace, a 25-unit multifamily property in San Leandro, recently sold for $6.875 mil, or $275k per unit. Located on a 1.16-acre parcel, Foothill Terrace is comprised of four buildings with approximately 21.5k sf of r...
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• Norwalk Multifamily Community Gets New Owner in $81 Mil Transaction
9/03/21
Solterra at Civic Center, a 192-unit, garden-style, value-add multi-housing community in Norwalk, traded hands in a recent transaction valued at $81 mil, or $422k per unit. The property was sold by RedHill Realty Investors, S...
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• Sunrise Management Awarded Leasing and Operations Contract for Trio of Portland Res Properties
9/02/21
Portland-based Urban Asset Advisors (UAA) has tapped Sunrise Management to direct all leasing and day-to-day operations for three Portland area multifamily properties: Artisan Apartments, Abernethy Flats and Broadway Flats.
...
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• Crescent Real Estate Buys 120k sf Office/Retail Asset in Denver
9/02/21
A Crescent Real Estate LLC affiliate purchased a 120k sf, two-building Class A office and retail property in Denver. The acquisition was financed with a $56.5 mil senior loan provided by PCCP LLC.
The property is located at ...
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• Kennedy Wilson Fund VI Closes $120 Mil Multifamily Sacramento Area Acquisition
9/02/21
Kennedy Wilson Fund VI has acquired Autumn Ridge, a 410-unit, garden-style apartment community in Sacramento’s Citrus Heights suburb for $120 mil, or $293k/unit. Kennedy Wilson Fund VI (“Fund VI”) is a commingled fund managed...
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• InTrust Property Group Buys 208 Res Units in Glendale, AZ
9/01/21
InTrust Property Group recently picked up two multifamily properties totaling 208 units in Glendale, AZ. Acquisition of the properties, the Sunflower and Veranda Apartments, was financed with a loan of $29.36 mil.
Located at...
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• Meta Housing Corporation Wraps Up Work on 74-Unit Senior Housing Project in La Puente
9/01/21
Meta Housing Corporation has finished construction on a 74-unit, affordable senior housing development in La Puente, CA. The $29 mil project, Arboleda Apartments, was built by RAAM Construction, along with AMJ Construction Ma...
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• Huntington Beach Mobile Home Community Trades for $58 Mil
9/01/21
Skandia Mobile Country Club, a 167-unit mobile home complex in Huntington Beach, recently sold for $58 mil, or $347.3k per space. The five-star manufactured housing community consists primarily of double-wide spaces, which ar...
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