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March 30, 2020
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MULTIFAMILY NEWS
Archive
1  | 2  | 3  | 4  | 5  | 6  | 7  | 8  | 9  | 10  ...  261
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• Mixed-Use Development in Westminster’s Little Saigon District Breaks Ground
2/28/20
Work is underway on Bolsa Row, a mixed-use development in the heart of Westminster’s Little Saigon District. Situated on a six-acre lot, the project will include a 225k sf apartment complex, retail space, a five-story, full-s...
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• SoCal Buyer Spends $15.7 Mil on Sacramento Res Property
2/28/20
Rosemont Terrace, a 100-unit apartment complex located in the Rosemont neighborhood of Sacramento, was purchased by a SoCal-based buyer in a $15.7 mil ($157k/unit) transaction. The listing generated multiple offers. Built on...
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• Community Preservation Partners (CPP) and Jonathan Rose Companies Acquire 180-Unit Affordable Housing Community in Torrance
2/27/20
In a joint venture totaling $105 mil, Community Preservation Partners (CPP) and Jonathan Rose Companies have acquired the 180-unit Golden West Tower Apartments in Torrance. The partnership is planning more than $10 mil in ren...
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• Two Multifamily Properties in San Mateo Get New Owners in Deals Totaling $24.5 Mil
2/25/20
Two multifamily communities in San Mateo traded hands between private investors in unrelated deals totaling $24.45 mil. The assets have a combined 55 units. One of the transactions was for 600 Mariners Island, a 24-unit apar...
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• OC Investor Spends $357k/Unit on Long Beach Apartment Property
2/25/20
A 16-unit apartment property in the heart of Long Beach’s 4th Street/Retro Row submarket sold for $5.71 mil, or $357k/unit. The property, located at 445-455 Rose Ave, traded at a 4.8% cap rate. Built in 1963, the two-buildin...
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• Las Vegas Res Property Trades for $52 Mil
2/24/20
Inspirado Apartments, a 252-unit multifamily asset in Las Vegas, was purchased by NNC Apartment Ventures LLC in a transaction valued at $52.2 mil, or $207k/unit. The 247k sf property, located at 6885 W. Lone Mountain Rd, was ...
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• 50-Year-Old Apartment Building in Mar Vista Fetches $300k/Unit
2/21/20
A 41-unit, value-add multifamily asset in the Mar Vista neighborhood of Los Angeles’ affluent Westside region, sold for $12.28 mil, or $299.5k per unit. It was sold by a member of the original builder’s family, who had owned ...
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• $38 Mil Construction Loan Set for Houston Multifamily Development
2/20/20
Hunington Properties has obtained a $38 mil construction loan for the development of a 126.5k sf, mixed-use multifamily project. The six-story apartment building, located on 1.38 acres at 1107 Shepherd Dr in the Montrose/Rive...
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• PCCP LLC and Kairoi Residential Acquire 326-Unit TX Res Asset
2/20/20
A joint venture between PCCP LLC and Kairoi Residential has acquired Boulevard at Sonterra, a 326-unit garden-style multifamily property located at 210 E Sonterra Blvd in the Stone Oak submarket of San Antonio, TX. The buyer ...
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• Davis Res Property Trades for $42 Mil
2/14/20
Cambridge House, a 140-unit community in Davis, CA, sold for $42 mil, or $300k per unit. The property is located at 619 Pole Line Rd, about 15 miles west of downtown Sacramento. Built on 3.92-acre site, Cambridge House boast...
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• Bascom Group Entity Picks Up 37-Unit AZ Res Asset
2/14/20
Bascom Arizona Ventures has purchased Dolce Villaggio Townhomes, a 37-unit property located in downtown Tempe, AZ, for $11.5 mil ($310.8k/unit). The property is located at 202 S. Hardy Dr, within downtown Tempe’s Urban Core M...
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• Universe Holdings’ Purchase of Los Feliz Res Property Part of a Larger Portfolio Buy
2/13/20
Universe Holdings has acquired a 17-unit apartment building in Los Angeles’ Los Feliz neighborhood, the first asset in a $65 mil, 249-unit SoCal multifamily portfolio, expected to close within the next 30 days. Built in 1963...
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• AZ Multifamily Asset Sells for $162k/Unit
2/13/20
Riverview Park, a 69-unit apartment community in Mesa, AZ, sold for $11.2 mil ($162.3k/unit). The property is located at 745 North Dobson Rd, south of Sloan Park, the Chicago Cubs spring training stadium, and Mesa Riverview. ...
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• La Jolla Apartment Building Sells for $387k/Unit
2/12/20
In a multifamily sale comp from La Jolla, a private investor paid $3.1 mil for an eight-unit ($387.5k/unit) apartment community. Located at 7342 Girard Ave, the 4k sf property was originally built in 1954 and is comprised of ...
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• Cushman & Wakefield Awarded Office Leasing Assignment for Sacramento Mega-Development
2/12/20
LDK Ventures has retained Cushman & Wakefield to provide office leasing services for The Railyards, a prominent new mixed-use development project located along the Sacramento Riverfront in Downtown Sacramento. The mega projec...
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• Cerritos Multifamily Asset Trades in $49 Mil Deal
2/12/20
Four Trees, a 150-unit apartment property in Cerritos, was purchased for $48.6 mil ($324k/unit) by Palos Verdes Management Company LP. The asset was sold by a partnership of local investors. Located at 18427 Studebaker Rd, t...
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• Riverside Residential Building Goes for $153k/Unit
2/11/20
A 15-unit apartment complex in Riverside sold for $2.3 mil, or $153.3k/unit). The property, known as Kansas Apartments, is located 3332 Kansas Ave and totals 14.1k sf. The building features 15 units that are fully leased wi...
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• Next Wave Investors Closes $14.5 Mil Vegas Res Buy
2/10/20
In a recent multifamily buy in Las Vegas, Next Wave Investors LLC paid $14.5 mil for Villaggio Di Murano, an 88-unit ($164.8k/unit) multifamily apartment community. The SoCal-based multifamily investment group acquired the pr...
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• Affordable Housing Developer Buys Santa Monica Apartment Property
2/07/20
A 40-unit apartment community situated on about 1.47 acres of land in Santa Monica was acquired by an unnamed affordable housing developer in a recent transaction valued at $13.7 mil $342.5k/unit. It was sold by a family trus...
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• Trion Properties Makes 61-Unit Res Buy in San Leandro
2/07/20
Trion Properties has purchased Cedar Grove, a 61-unit multifamily community located in San Leandro, for $15 mil, or $246k/unit. Built in 1959, the property is located at 1200 Davis St, a few blocks east of I-880. Cedar Grove...
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