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• SoCal Investor Pays $125k/Unit for Pomona Apartment Property
11/13/18
Twin Palms Apartments in Pomona, an 83-unit multifamily community in Pomona, was acquired by a private investment group out of Manhattan Beach for $10.4 mil, or $125.3k/unit. The property, located at 1514 W Mission Blvd, was ...
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• Local Investor Buys Palm Springs Apartment Property
11/13/18
A 23-unit apartment complex in Palm Springs was purchased by a local private investor for $2.2 mil ($95.7k/unit). It was sold by PS Housing Investors.
The 16.7k sf property is located at 1433 and 1455 Indian Canyon Dr. The c...
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• Apartment Building in San Diego’s University Heights goes for $287k/Unit
11/12/18
An eight-unit complex in the University Heights neighborhood of San Diego sold for $2.3 mil ($287.5k/unit). The buyer was San Diego-based Cardiff Coastal Properties LLC.
The 6.4k sf building is situated on a 6.7k sf lot loca...
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• Cathedral City Apartment Property Sells for $156k/Unit
11/09/18
A private investment group out of Riverside has purchased Presidio Park in Cathedral City, a 45-unit community in Cathedral City, for $7 mil, or $155.6k/unit. It was sold by a family partnership located in Cathedral City.
Bu...
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• DMJ Partners Spends $5.5 Mil on 12-Unit Res Asset in San Diego’s Pacific Beach
11/09/18
DMJ Partners has purchased a value-add multi-family project in San Diego’s Pacific Beach consisting of five buildings with 12 units for $5.5 mil ($458k/unit). The project is located at 3929-3933 Gresham S and 3958-3966 Rivie...
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• Decron Properties Refinances 83-Unit, L.A. Koreatown Res Property
11/07/18
Decron Properties has obtained $16.5 mil in refi money on Kingsley Drive Apartments, an 83-unit multifamily property in Los Angeles. The seven-year loan, provided by a life insurance company, features full-term, interest-only...
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• D.R. Horton Acquires 329 Single-Family Home Lots in Cathedral City
11/07/18
D.R. Horton acquired 329 single-family lots at Verano, a 1,362-unit, master-planned community within the city of Cathedral City, from Inland Communities Corp. Verano is one of the few improved lot projects available for entry...
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• St. Regis Properties Buys 375-Unit TX Multifamily Property
11/07/18
St. Regis Properties purchased RiverVue Apartments, a 375-unit residential property at 5825 Arborlawn in Fort Worth, TX. The price was not disclosed.
Completed in 2017, RiverVue is situated within the Waterside project, a mi...
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• TA Realty Acquires 368-Unit Multifamily Community in San Clemente in One of the Largest OC Res Sales in 2018
11/06/18
TA Realty has purchased Seacrest Apartment Homes, an upscale, 368-unit multifamily community in San Clemente, in one of the largest multifamily sales in Orange County so far in 2018. The property was sold by Western National ...
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• Decron Properties Enters Pacific Northwest Multifamily Market with 558-Unit Acquisition
11/06/18
In one of the largest multifamily transactions in Seattle this year, Decron Properties has acquired Avana 522, a 558-unit multifamily property in Bothell, WA, for $173 mil ($310k/unit). The transaction marks the Los Angeles-...
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• Los Feliz Apartment Portfolio Purchased for $375k/Unit
11/06/18
The Ling Family Trust acquired a three-property, 32-unit apartment portfolio in L.A.’s Los Feliz area for $12 mil, or $375k/unit. The assets were sold by Timberlane Partners.
The portfolio includes:
• 3207 Rowena Avenue -- ...
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• Rescore Property Corp Secures Construction Financing for 364-Unit Res Project in L.A.’s Koreatown
11/05/18
Rescore Property Corp has obtained $153.75 mil in construction financing for Rise Koreatown, a seven-story, Class A multifamily property located just off Wilshire Blvd in Los Angeles. The loan was arranged by Walker & Dunlop ...
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• OC Apartment Building Sells for $375k/Unit
11/05/18
A newly constructed, 12-unit apartment building in the City of Orange was purchased by a 1031 exchange investor for $4.5 mil, or $375k/unit. The property, Encore at Hewes, a luxury senior apartment community (55+), was built ...
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• Security Properties Pays $84 Mil for OR Res Community
11/02/18
Arbor Creek, a 440-unit, garden-style apartment community in Beaverton, OR, sold for $84.3 mil, or $191.6k/unit. The property, situated on 22 acres at 3280 SW 170th Ave, was acquired by Security Properties.
Arbor Creek is a...
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• Affordable Housing Development in Morgan Hill Breaks Ground
11/02/18
The Crossings on Monterey, a 39-unit affordable housing development in Morgan Hill, has just broken ground. The project, a development of Urban Housing Communities LLC, a Santa Ana-based, LEED Award winning developer, is loca...
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• CIM Group Begins Work on 154-Unit Res Building in West Los Angeles
11/01/18
CIM Group has started construction of a 154-unit, five-story apartment building, with 16.6k sf of ground floor retail in West Los Angeles. The building, located at 1500 Granville Ave, at the southeast corner with Santa Monica...
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• Oakland Apartment Development Recapitalized with $44 Mil in Joint-Venture Equity and Debt
11/01/18
Holliday Development has recapitalized The Union, a 110-unit apartment development located in an opportunity zone adjacent to the West Oakland BART Station, with $44 mil that was arranged by Highland Realty Capital. The fundi...
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• Multifamily Building in Baldwin Park Trades for $241k/Unit
10/31/18
Kimberly Apartments, a 26-unit stabilized and fully renovated building in Baldwin Park, sold for $6.26 mil, or $241k/unit. The 19.4k sf property is located at located at 14521 Clark St, north of I-10 and east of I-605.
Kimbe...
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• SENTRE Buys 64k sf Mixed-Use Asset in Southeast Portland
10/29/18
SENTRE has acquired a 64k sf residential and retail mixed-use property in Portland’s Southeast neighborhood for $28.75 mil, or $250k per unit (93 total units), net of retail. The firm plans to invest $1 mil in contemporary in...
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• Fallbrook Multifamily Community Trades for $144k/Unit
10/27/18
Casa Loma, a 48-unit multifamily community in Fallbrook, was purchased for $6.9 mil ($144k/unit) by Efren R. Cota Ltd, a private investment company. The property was sold by Woodspear Properties as part of a 1031 exchange.
B...
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