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32-Unit WA Res Property Sells for $7.3 Mil 2/16/24 A local family investment entity acquired Stratford Square Apartments, a 32-unit multifamily property in Burien, WA, for $7.285 mil ($227.7k/unit). The property is located at 12707-12733 13th Lane SW, immediately off SW 128th...
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Legacy Partners and The Resmark Companies Underway on Two SFR Build-to-Rent Communities in Texas 2/16/24 Legacy Partners and The Resmark Companies are developing two single-family, build-to-rent communities in the fast-growing northern Dallas suburbs. These include Highland, comprising 133 homes in the Collin County city of Meli...
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Deacon Development is Wrapping Up Work on Three OR Multifamily Developments 2/16/24 Deacon Development is nearing completion on three new Portland and Salem, OR-area multifamily communities – Rivenwood, Merx and Paceline. The projects will add 352 res units to the greater Portland and Salem areas, filling a ...
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ColRich Multifamily Wraps Up 318-Unit Res Buy in Colorado 2/15/24 San Diego-based ColRich Multifamily acquired Belmar Villas, a 318-unit apartment community in Lakewood, CO. The property is located at 700 S. Reed Ct, east of Hwy 121 and south of Alameda Ave.
Built in 1970, Belmar Villas is...
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Arizona Mobile Home Park Project Lands $13 Mil Construction Loan 2/14/24 Victoria Farms, a to-be-built 305-pad mobile home park (MHP) community in Lake Havasu City, is closer to completion as the project’s developer has secured a new $13 mil construction loan for the development. Lake Havasu City,...
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Apartment Property in L.A.’s Koreatown Trades for $200k/Unit 2/14/24 Catalina Tropics, a 32-unit apartment complex in Los Angeles’ Koreatown neighborhood, traded hands in a recent $6.35 mil ($198k/unit) transaction.
The complex, located at 455 S Catalina St, is situated within a serene, tree...
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Gelt Venture Partners Buys 252 Units in Denver for $68 Mil 2/14/24 Gelt Venture Partners LLC (GVP) has acquired Allure Apartments, a 252-unit apartment property in Denver, for $68.25 mil ($271k/unit). The property is located at 1300 S. Willow St, on the northeast side of Hwy 83.
Built in 2...
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San Fernando Valley Senior Housing Facility Sells at $117k/Bed 2/12/24 A 201-bed senior housing facility in the central San Fernando Valley was acquired for $23.5 mil ($117k/bed) by an entity of California Healthcare & Rehabilitation Center, who was the tenant at the property. The buyer will con...
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New Multifamily Deliveries Reach Record High as Rental Growth Slows in Q4 2023 2/09/24 This report provided by CBRE
The U.S. multifamily market experienced a surge in new construction deliveries in 2023, leading to a slowdown in rent growth, according to CBRE’s latest research.
New construction deliveries rea...
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Affiliates of Harbor Group International Close $132 Mil Purchase of Two Denver-Area Res Communities 2/09/24 Affiliates of Harbor Group International LLC purchased two multifamily communities in the metro Denver area totaling 434 units in a deal worth $132.5 mil ($305k/unit).
The sale included The Prospector Modern Apartments at ...
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Bolour Associates Inc to Build 30-Unit Res Project in West Los Angeles 2/07/24 Bolour Associates Inc has secured the entitlements to build a new five-story, for-rent residential apartment building in the heart of West Los Angeles. The building will sit at 2424 S. Veteran Ave. in Los Angeles, on the sout...
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Phase One Completed at New Los Angeles Affordable Housing Project 2/07/24 Phase One of Rose Hill Courts, an 89-unit affordable housing project in northeast Los Angeles, has been completed. The LEED-certified project, located at 4466 E. Florizel St, is being built by R.D. Olson Construction on behal...
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Chula Vista Multifamily Property Trades for $116 Mil 2/06/24 Pulse Millenia, a 273-unit, garden-style multi-housing community located in the desirable Otay Ranch region of Chula Vista, traded in a $116 mil ($425k/unit) transaction. The purchase was funded in part by a $71.8 mil acquisi...
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Palm Desert Apartment Property Sells for $220k/Unit 2/06/24 An unnamed private investor paid $2.2 mil for a 10-unit ($220k/unit) multifamily property in Palm Desert. This was the first time the property had traded in over 20 years.
The apartment community is located at 73435 San Gorg...
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Riverside Res Comp Works Out to $150k/Unit 2/02/24 In a recent multifamily comp out of the Inland Empire, Corwin Apartments, a 19-unit asset in Riverside, traded for $2.85 mil ($150k/unit).
Built in 1964, the property is located at 5755-5780 Corwin Lane. It features one-bed...
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Bela Flor Communities Obtains Construction Loan of $35 Mil for AZ Res Development 2/02/24 Arizona-based Bela Flor Communities has secured a construction loan of $35.25 mil for Bella Olivia, a 112-unit build-to-rent (BTR) community in Peoria, AZ. The property is currently under construction and is expected to open ...
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New Upscale Apartment Project in Phoenix Sells for $531k/Unit 2/01/24 ARCADIA VIEWS, a newly constructed 16-unit luxury apartment community in Phoenix, was acquired by a Las Vegas-based investment entity for $8.5 mil ($531k/unit). Built in 2023, the new Class A, eco-friendly multifamily develop...
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Tidewater Capital Receives Final Approvals for Two Oakland Res Developments 1/31/24 San Francisco-based Tidewater Capital received final approvals for both 533 Kirkham, a 289-unit residential development in West Oakland, as well as a 381-unit project at 1431 Franklin in the city's Downtown.
The 533 Kirkham ...
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Rio Properties Transitions Five-Property SoCal Multifamily Portfolio as Part of a More Tax Efficient Investment Strategy 1/31/24 Rio Properties, a 25-year CA-based investor, transitioned a five-property, L.A.-area multifamily portfolio into a more tax-efficient investment strategy. The assets are located in Venice, Oakland, Los Angeles, and Marina Del ...
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Mercy Housing and TCA Architects Finish Work on San Fernando Valley Supportive Housing Project for Seniors 1/30/24 Construction has been completed on Burbank Boulevard Senior Housing, a 55-unit, permanent supportive housing development for seniors ages 55 years and older. The project, located at 14536 Burbank Blvd, just west of Van Nuys B...
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