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San Bernardino Apartment Complex Sells for over $21 Mil 1/12/10 Broadstone Serrano, a 254-unit apartment community in San Bernardino, sold for $21.25 mil ($83.7k/unit) in a recent acquisition. The low-density (14.3 units/acre), garden-style property is located at 1930 College Ave, north o...
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SoCal Multifamily Comps 1/11/10 MISSION VIEJO (Orange County) -- VinCal Senior Housing, a joint venture between Vintage Senior Housing and CalSTRS, purchased Paragon Gardens Assisted Living and Memory Care for $15.25 mil. Located at 27783 Center Dr, east of...
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175-Unit WA Multifamily Asset Sells for Close to $11 Mil 1/07/10 Summerwalk Apartments, a 175-unit garden-style multifamily community in Kent, WA, was acquired by a group of individuals based in the Northwest in a transaction valued at $10.85 mil, or $62k/unit. The property is located at 2...
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San Diego-Area Multifamily Comps 1/06/10 Here’s a quick look at three recent San Diego-area multifamily sales. Together, the transactions account for 111 units and roughly $10 mil in deal volume.
In the most recent sale, a Nevada City, CA-based investor paid $4.5 m...
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200-Unit Phoenix Apartment Property Sells for $10.9k/Unit 12/30/09 Camelback Vista, a 201-unit apartment community in Phoenix, was acquired by an El Paso, TX-based investor for $2.2 mil ($10.9k/unit) in a recent REO sale. The property is located at 2930 West Camelback Rd, a few blocks west o...
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Changing Market Conditions Predicted to Push Up Prices of Condos Under $729k 12/29/09 While current forecasts about the direction of the real estate market vary tremendously, one Bay Area real estate pro predicts increased demand and limited supply will trigger price movement in at least one sector of the real...
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CA Home Sales Up Almost 5% from Prior Year 12/28/09 California home sales increased 4.7 percent in November compared with the same period a year ago, while the median price of an existing home rose 5.8 percent, according to the latest data from the California Association of Re...
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Newmark Arranges $5 Mil on Pair of NoHo Multifamily Properties 12/23/09 Newmark Realty Capital Inc has arranged $5.15 mil in permanent refi money on two North Hollywood apartment properties with a combined total of 81 units. One of the properties, Morrison Park Apartments, is a 41-unit building a...
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Investor Picks Up $9 Mil Note on SF Valley Multifamily Property 12/22/09 A private investor purchased the $9.25 mil note on a 51.7k sf multifamily property in the San Fernando Valley community of Reseda. The property is located at 18557 Saticoy St, two blocks west of Reseda Blvd. Built in 2008, th...
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Pasadena Project Lands $36 Mil in New Financing 12/21/09 Newport Beach-based CT/KDF Community Development Partners LLC has closed $36 mil in new financing for the Raymond Renaissance project in Pasadena. Located at 121-129 N. Raymond Ave, in the heart of Downtown Pasadena at the c...
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New San Diego Affordable Housing Project Opens 12/17/09 Los Vientos, a new affordable housing community in San Diego, recently opened to the public. Located at 1668 National Ave, Los Vientos features 89 family units, replacing underutilized industrial parcels. It was developed by...
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Investor Sees Benefit in $6.5 Mil Sherman Oaks Apartment Buy 12/16/09 A local Sherman Oaks buyer acquired the 24-unit Benefit Court Apartments in an "off–market" transaction valued at $6.45 mil, or about $268.8k/unit. The property, built in 1987, was 96% occupied at the time of the transaction...
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Raintree Gets a Mountain View 12/15/09 Laguna Niguel-based Raintree Partners acquired Mountain View Apartments, a 168-unit multifamily property in the San Gabriel Valley community of San Dimas, for $21 mil ($125k/unit). The transaction marks the second apartment b...
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NoCal Investor Closes $16 Mil Oceanside Apartment Buy 12/14/09 Rancho Las Brisas, a 136-unit apartment complex in the northern San Diego County community of Oceanside, sold for $16.1 ml, or $118.4k/unit. Built in 1974, the property is located at 3699 Barnard Dr, north of the 78 Fwy and j...
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550-Space Inland Empire Manufactured Home Community Listed for $38 Mil 12/11/09 Colonial Country Club, a 550-space manufactured home community for seniors aged 55 and older in Hemet, has been listed for sale with an asking price of $38 mil ($69k/space). Located on about 94 acres at 601 North Kirby St in ...
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New Corona Senior Living Development Completed 12/10/09 Valencia Terrance also features a resort-like environment and includes a pool and spa, two beauty salons, commercial kitchen, theater room, exercise gym, massage, library, bistro and resident lounge.
IPA (Irwin Pancake Dawso...
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Sherman and Levine Join KW Commercial 12/09/09 Hirsch Sherman and Jared Levine have joined KW Commercial’s new Calabasas office. Sherman has been involved in the real estate industry since 1979 and previously worked for Re/Max Commercial where he was a Senior Investment ...
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Canadian Investors Pick Up 78 Units at Phoenix Condo Conversion Project 12/08/09 A Canadian investment partnership acquired 78 units at Riverwalk, a 240-unit condo conversion project located at 5345 East Van Buren St, a few blocks northeast of Sky Harbor International Airport in Phoenix, AZ. The units, wh...
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HFF Arranges $24 Mil on 183-Unit OC Multifamily Property 12/02/09 HFF (Holliday Fenoglio Fowler, L.P.) has placed a $24 mil loan with Freddie Mac for City Pointe Apartments, a 183-unit, Class A multi-housing property in Fullerton. The property is located at 130 East Chapman Ave, near the Ri...
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Sacramento Multifamily Property Trades for $11.5 Mil 12/01/09 An Austin, TX-based investor closed on a significant Sacramento multifamily buy after paying $11.5 mil for The Villas at La Riviera, a 199-unit ($57.8k/unit) property. The complex is located at 7901 La Riviera Dr, north of th...
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