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• NoCal Firm Pays $24 Mil for Bellevue Multifamily Asset
4/21/08
Somerset Green Townhomes, a 101-unit apartment community in Bellevue, WA, was acquired by an entity of San Francisco-based Carmel Partners for $24 mil ($237.6k/unit). The asset is located at 4200 to 4261 129th Place SE, east ...
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• Mesa West Provides $23 Mil for Buena Park Apartment Buy
4/18/08
Financing for a recent $23.4 mil Orange County multifamily investment deal was provided by SoCal-based Mesa West Capital. The property is Brookstone Apartments, a 184-unit complex located on the corner of Artesia Blvd and Wes...
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• George Smith Partners Arranges $22.5 Mil for San Bernardino Apt Buy
4/17/08
George Smith Partners Inc has arranged a $22.5 mil bridge loan for the acquisition of Mountainside Village Apartments, a 197-unit multifamily property located at 1660 Kendall Dr in San Bernardino. Situated across from Califor...
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• Phoenix Apartment Acquisition is Angel-ic
4/16/08
A Colorado-based investor picked up a pair of Phoenix apartment properties for a combined $1.66 mil price tag. The properties – the 18-unit Brill Square and the 14-unit Angel communities – have a total of 32 units.
Brill Squ...
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• HFF Arranges $33 Mil in Financing for Portland Apartment Buy
4/16/08
Holliday Fenoglio Fowler (HFF) arranged $32.98 mil in acquisition financing for Harrison Tower Apartments, a 185-unit, high-rise multifamily community in downtown Portland, OR that was recently purchased by JB Matteson Inc. ...
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• Car Wash Buyer Hopes to Clean Up by Redeveloping Sun Valley Property
4/15/08
A former car wash site in the northeastern San Fernando Valley community of Sun Valley was recently acquired by a local affordable housing investor for redevelopment into a multifamily complex. The property, located at 8925 a...
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• NoCal Apartment Sales Trio
4/14/08
SAN MATEO (San Mateo County) – Hiusing and Sylvia Siu-Ling Lee paid $1.4 mil for a seven-unit ($200.4k/unit) apartment property at 417 Studio Circle. The unit mix consists of one studio, four one-bedroom/one-bath and two two...
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• Annual Casden Forecast Predicts SoCal Apartment Rent Increases of 2.5% - 3%
4/11/08
One of SoCal’s biggest annual real estate conferences – USC Lusk Center’s Casden Forecast – took place this past Wednesday in downtown Los Angeles, and offered significant insight for the coming year. According to the Forecas...
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• 70-Unit Napa Apartment Community Trades for $10.4 Mil
4/11/08
Plaza Del Sol Apartments, a 70-unit apartment community in Napa, was acquired by Seattle-based Trinity Real Estate in a $10.41 mil ($148.7k/unit) transaction. The property is located at 713 Trancas St, just west of Big Ranch ...
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• L.A. Gets Live-lier with Opening of 26-Story Luxury Res Tower
4/10/08
A unique apartment high-rise project in downtown Los Angeles is set to debut in May, 2008. We’re talking about the grand opening of 717 Olympic, a 26-story luxury rental project in the heart of the new 27-acre L.A. Live enter...
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• Westminster Multifamily Asset Sells for $171k/Unit
4/08/08
The Trask Apartments, a 52-unit apartment complex in the city of Westminster, was purchased by a Newport Beach investor for $8.9 mil, or roughly $171.1k/unit. The asset, which was sold by Rohnert Park-based Trask Limited Part...
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• New 202-Unit Northridge Apartment Complex to Be Completed in June
4/07/08
With sales of houses and residential condos still mired in a major downturn, demand for apartments remains stronger than ever, prompting continued development of new projects and the repositioning of many late-to-market condo...
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• Passco is a Greystar Superstar
4/03/08
April 3, 2008 – Passco is a Greystar Superstar
Several properties from OC TIC firm recognized by national third-party management firm
Passco Companies LLC, the OC-based T-I-C investment company, has reason to celebrate, as s...
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• Norco Seniors Center Re-Opens after Renovation Program
4/02/08
A newly renovated and 100% affordable 86-unit senior apartment community recently celebrated its grand re-opening in the Riverside County city of Norco. Located at 2665 Clark Ave, Heritage Park Senior Apartments was acquired ...
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• San Diego Apartment Prices See Slight Decline
4/01/08
While the number of annual San Diego County apartment sales transactions has fallen to its lowest level since 1993, selling prices remain relatively strong – declining just moderately since the market correction began in 2004...
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• Corvallis Apartment Community Fetches $12.4 Mil
3/31/08
North Pointe, a 160-unit apartment community in the college town of Corvallis, OR, roughly 85 miles south of Portland, sold in a $12.375 mil ($77.3k/unit) transaction. Constructed in 1996, North Pointe is situated on 7.6 acr...
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• Sales Kick-Off at New Glendora Res/Live-Work/Retail Condo Project
3/28/08
Sales efforts have begun at Vermont Avenue Lofts, an exciting new mixed-use condo project in Glendora. The $14.2 mil development, which contains a mix of residential/live-work and retail space, is located in the city’s “Downt...
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• JB Matteson Picks Up Harrison Tower Apartments for $45 Mil
3/27/08
In a high-profile Portland multifamily investment deal, Redwood City-based JB Matteson Inc acquired the Harrison Tower Apartments, a 24-story, 185-unit property in downtown Portland, for $45 mil ($243.2k/unit). The building, ...
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• Legacy Adds 6,450 Units to SoCal Management Portfolio
3/27/08
Legacy Partners Residential Inc boosted its SoCal management portfolio with the addition of 6,450 units in 31 Los Angeles, Orange and San Diego County, under third-party fee management contracts during 2006-07. The additions ...
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• CA Home Sales News More of the Same
3/26/08
Although much of the country saw an unexpected (and possibly short-lived) spike in home sales in February, California home sales continued on a downward trend, dropping 28.5 percent from February 2007, according to the Califo...
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