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January 25, 2020
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MULTIFAMILY NEWS
Archive
1  | 2  | 3  | 4  | 5  |  6  | 7  | 8  | 9  | 10  ...  256
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• Liberty National Corporation Acquires Additional Development Land in Downtown San Diego
9/09/19
Liberty National Corporation acquired 0.69 acres (30k sf) of land prominently located at the intersection of Park Blvd and Broadway in downtown San Diego’s East Village. The land was sold by the Salvation Army. The site is ...
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• Inland Empire Senior Living Community Trades for $58 Mil
9/09/19
Altavita Village, a 589-unit senior living community in Riverside, was acquired by Senior Living Riverside LP, an affiliate of La Jolla-based Westmont Living, for $58 mil ($98.5k/unit). The asset, the third largest senor livi...
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• Apartment Building in LA’s Brentwood Neighborhood Sells for Over $500k/Unit
9/06/19
An eight-unit multifamily building in Brentwood, a prime Los Angeles neighborhood, sold for $4.13 mil ($516k/unit). The property is located at 11747 Mayfield Ave, west of Barrington Ave and north of Wilshire Blvd. John Swart...
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• Mixed-Use / Res Project Started in Downtown Phoenix
9/06/19
High Street Residential, the residential subsidiary of Trammell Crow Company, and its joint venture partner, a fund sponsored by CBRE Global Investors, have commenced construction on the first phase of The Fillmore, a mixed-u...
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• Leasing Underway at New Res Community in Oakland’s Uptown Neighborhood
9/05/19
Legacy Partners has begun leasing at Alexan Webster, a seven-story, 234-unit mixed-use community in Oakland’s Uptown neighborhood near Lake Merritt. The project, developed by Trammell Crow Residential and managed by Legacy, i...
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• Multifamily Property in CA’s El Centro Goes for $80k/Unit
9/05/19
A 49-unit complex in El Centro, CA sold for $3.92 mil or $80k/unit. The 38.6k sf property, situated on a 68.4k sf lot at 480 Aurora Dr. is known as the Aurora Apartments. The property boasts a unit mix consisting of one stud...
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• Newmark Realty Capital Arranges $25 Mil for Two Mobile Home Communities
9/04/19
Newmark Realty Capital has arranged $25 mil in financing for mobile home communities in Truckee, CA and Kyle, TX. Coachland RV Park, located 20 minutes north of Lake Tahoe, is a 229-space, all ages mobile home and RV commun...
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• Dalan Management Closes $37 Mil Inland Empire Res Buy
9/03/19
Dalan Management, a New York-based real estate investment and management firm, has acquired The Vue Apartment Homes, a 197-unit multifamily community in San Bernardino, for $37.4 mil ($190k/unit). The property was sold by FPA...
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• San Diego Apartment Sale Comps at $250k/Unit
9/03/19
A 16-unit complex in the Hillcrest neighborhood of San Diego sold for $4 mil, or $250k/unit. The 8.8k sf property is situated on an 11.2k sf lot at 3102-08 1st Ave. The property’s unit mix consists of one three-bedroom/two-b...
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• ConAm Group Spends $56 Mil on AZ Multifamily Community
9/03/19
ConAm Group purchased Trillium 44, a 297-unit, Class A multifamily community in Phoenix, for $56 mil ($189k/unit). The asset was sold by Trillium Residential. Located at 111 N. Dupont Circle in central Phoenix, Trillium 44 i...
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• Oceanside Multifamily Asset Sells in $66 Mil Transaction
9/02/19
A joint venture between IDEAL Capital Group and Aegon Real Assets US closed on a major multifamily buy in Oceanside, paying $66.25 mil for Sunterra Apartments, a 240-unit ($276k/unit) asset located at 3851 Sherbourne Dr. ID...
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• Apartment Property in Spring Valley Gets New Owner in $6 Mil Deal
8/30/19
A 28-unit multifamily complex in Spring Valley sold for $6 mil, or $214k/unit. The 27.4k sf property sits on a 43.6k sf lot at 9109 Kenwood Dr, east of Hwy 125 and south of Hwy 94. Built in 1985, the property consists of 27 ...
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• Jackson Square Properties Buys 264-unit OR Res Community
8/29/19
In a larger OR multifamily buy, Jackson Square Properties purchased Avana Orenco Station, a 264-unit, garden-style multi-housing community in Hillsboro. The price was not disclosed. Avana Orenco Station is located at 6710 N...
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• Tide Equities Has The Edge in the Phoenix Multifamily Market
8/29/19
Tides Equities LLC has acquired The Edge, a 380-unit multifamily community in Phoenix, for $57.3 mil ($151k/unit). The property, located at 15202 N. 40th St in North Phoenix, was sold by Baron Properties. The Edge is compris...
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• Community Preservation Partners Has Acquired CO Affordable Housing Property with Plans for Extensive Renovation Work
8/28/19
Community Preservation Partners (CPP) has acquired and recapitalized Casa Del Sol, a 47-year-old, 154-unit affordable housing community in Pueblo, CA. The $22.6 mil project marks the developer’s entry into Colorado – its nint...
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• Riverside Multifamily Community Purchased for $300k/Unit
8/28/19
Canyon Crest Views, a 178-unit multifamily property in Riverside, has traded hands in a recent $53.5 mil ($300k/unit) transaction. The 1980’s vintage asset boasts an excellent mix of predominantly two- and three-bedroom townh...
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• Vegas Apartment Property Goes for $100k/Unit
8/27/19
Mountain Vista, a 178-unit apartment complex in Las Vegas, has been sold in a recent $17.75 mil ($99.7k/unit) transaction. The property, located at 3950 S. Mountain Vista St, is conveniently located near major commuter freewa...
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• New 400-Bed Student Housing Project Completed at Chapman University
8/27/19
Construction has been completed on The K, a 401-bed, 123.6k sf student housing project for Chapman University in the city of Orange. The development was bult by R.D. Olson Construction. Designed to reflect the historic charm...
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• MJW Investments Buys 36-Unit Res Property in Kent, WA
8/26/19
MJW Investments has acquired Arden Park Apartments, a 36-unit multifamily community located at 23817 108th Ave SE in Kent, WA. This is MJW’s fourth acquisition in the greater Seattle market. The property, which has received...
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• New Res Development in Westchester Sells for $575k/Unit
8/26/19
A brand new, 18-unit multifamily development in Westchester sold for $10.35 mil, or $575k/unit. The property, located at 6908 Knowlton Place, between La Tijera and La Cienega Blvds, was sold by the developer, TJC Real Estate ...
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