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• Trion Properties Spends $38 Mil on Its First Res Buy in Colorado
9/01/20
Trion Properties has acquired The View at North Peak, a 288-unit multifamily community in Northglenn, CO, a suburb of Denver. The mixed-income property, located at 10701 North Pecos St, was purchased in an off-market transact...
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• El Segundo Apartment Building Fetches $500k/Unit
8/31/20
A four-unit apartment property in El Segundo sold for $2.16 mil, or $504k/unit. Built in 1963, the property is located at 925 Pepper St, west of Sepulveda Blvd and just west of Imperial Hwy and LAX.
The property covers a 6.8...
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• Community Preservation Partners Begins $85 Mil Apartment Rehabilitation in Lancaster
8/31/20
Village Pointe Apartments, a 210-unit affordable housing project in Lancaster, is undergoing a $31 mil renovation by national affordable housing rehabilitation firm Community Preservation Partners (CPP). First built in 1983, ...
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• Van Nuys Apartment Property Sold in $5 Mil Transaction
8/28/20
A private investor paid $5.1 mil for Delano Village, an 18-unit ($283k/unit) apartment property in the central San Fernando Valley community of Van Nuys. The property is located at 14161 to 14163 Delano St, south of Victory B...
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• JB Matteson Obtains $51.5 Mil Refi on Ventura Res Community
8/28/20
San Mateo-based JB Matteson Inc has secured $51.5 mil in permanent debt to refinance Vanoni Ranch Apartments, a 316-unit, garden-style apartment and townhome community located in Ventura.
The apartment community features sid...
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• Coastline Real Estate Advisors Acquires Four Redondo Beach Apartment Properties for $7.64 Mil
8/27/20
An affiliate of Coastline Real Estate Advisors Inc purchased four multifamily properties in Redondo Beach in a $7.64 mil transaction. The assets, totaling 19 units, were the last four remaining properties in a real estate tru...
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• Historical Multifamily Property in West Hollywood Trades for $875k/Unit
8/27/20
A 1031 exchange investor paid $15.75 mil for El Palacio Apartments, an 18-unit ($875k/unit) multifamily property in West Hollywood. The property is located at 8491-8499 Fountain Ave, south of Sunset Blvd and just east of La C...
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• PV Asset Management Secures $9.5 Mil in Construction Money for TX Student Housing Project
8/26/20
PV Asset Management has obtained a $9.5 mil construction loan for the development of 120 student housing units in Prairie View, TX. The site is walking distance to the Prairie View A&M University (PVAMU) with enrollment of ap...
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• Banyan Residential and Mountain Pacific Opportunity Partners to Build 222-Unit Res Project in Tempe
8/25/20
Banyan Washington, a 222-unit, planned multifamily development in Tempe, AZ, is scheduled to break ground in the first week of October 2020. The project is being built by Banyan Residential, in partnership with Mountain Pacif...
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• SoCal Value-Add Multifamily Portfolio Hits the Market
8/24/20
We’ve just learned about a significant SoCal multifamily listing to hit the market. It’s for the LAVVA Portfolio, or “Los Angeles & Ventura Value Add” Portfolio. The listing consists of five properties totaling 551 units in ...
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• Pasadena Multifamily Property Purchased in $19.3 Mil Transaction
8/21/20
A 69-unit multifamily property in Pasadena traded hands in a $19.3 mil ($280k/unit) deal. The property, located at 700 Locust St, was built in 1987.
The three-story property features a mix of studio, one-bedroom and two-bedr...
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• Multifamily Property in L.A.’s Mar Vista Area Trades for $265k/Unit
8/19/20
An OC-based private client investment partnership spent $5.3 mil on a 20-unit ($265k/unit) multifamily property in Los Angeles’ Mar Vista neighborhood. The property is located at 3906-3910 Inglewood Blvd, between Venice Blvd ...
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• Bellflower Apartment Building Goes for $288k/Unit
8/18/20
In a recent L.A.-area multifamily comp, an eight-unit apartment property in Bellflower traded for $2.3 mil, or $287.5k/unit. The property is located at 9604 Mayne St, north of the 91 Fwy and west of I-605.
Built in 1985, th...
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• Huntington Beach Apartment Building Sells for $270k/Unit
8/18/20
A four-unit apartment property in Huntington Beach sold for $1.48 mil, or $270k/unit, and a closing cap rate of 2.94%. The property is located at 7601 Amazon Dr, south of Edinger Dr and west of Beach Blvd, just off the 405 Fw...
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• Glencrest Group Buys 72-Unit Res Community in Washington
8/18/20
San Francisco-based Glencrest Group has closed on the acquisition of a multifamily community in the state of Washington. The firm purchased Briggs Village Apartments, a 72-unit, new construction multifamily property located a...
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• AMCAL Equities LLC Secures $49 Mil in Construction Money for TX Res Development
8/17/20
AMCAL Equities LLC has obtained a a $49 mil construction loan under the HUD 221(d)(4) program for the development of Katy Apartments, a new multifamily community located in Katy, TX.
Upon completion, Katy Apartments will con...
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• Res Community in Central CA Trades in $15.66 Mil Transaction
8/17/20
Oak Valley Apartments, a 109-unit multifamily community in the central CA city of Tulare, sold for $15.66 mil ($144k/unit). The property, located at 2001 E Cross Ave, was sold by IDEAL Capital Group, in a joint venture with W...
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• Newmark Knight Frank Boosts Its SoCal Multifamily Investment Sales Team
8/17/20
Newmark Knight Frank has expanded its Southern California multifamily investment sales platform, allowing clients to leverage multidisciplinary experts across commercial, industrial, retail, and now multifamily practices in b...
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• Trion Properties Purchases 80-Unit Multifamily Property in the Bay Area
8/14/20
Trion Properties has acquired Creekside Apartments, an 80-unit multifamily community in San Leandro, for $20.5 mil, or about $256.3k/unit. The property is located at 424 Callan Ave, west of I-580.
Built in 1969, Creekside Ap...
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• Pasadena Res Portfolio Refinanced with $32.8 Mil in Fannie Mae Money at Record Low Rates
8/14/20
A family-owned portfolio of four Pasadena apartment buildings has been refinanced with new Fannie Mae loans totaling $32.8 mil. The 1970’s vintage properties total 176 units and are clustered together on East and West Califor...
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