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• CA Home Resales Up 20% from Prior Year
8/12/09
Closed escrow sales of existing, single-family detached homes in California totaled 514,110 in June at a seasonally adjusted annualized rate, according to information collected by C.A.R. from more than 90 local Realtor associ...
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• San Bernardino Multifamily Property Sells for $10 Mil
8/11/09
Here’s word of a notable recent multifamily sale from the Inland Empire, that being the Sunset Ridge Apartments, a 205.6k sf, 251-unit special asset apartment property in San Bernardino. The property, located at 1700 East D...
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• NAI BT Negotiates Pair of Bay Area Multifamily Investment Buys
8/05/09
Here’s an update on a couple of recent Bay Area multifamily sales, one in Mountain View and the other in Redwood City.
We’ll start in Mountain View, in Silicon Valley, where a 12-unit property located at 678-690 Victor Way...
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• New East L.A. Affordable Housing Project Opens to Public
8/03/09
Villa Serena, a new affordable housing community in East L.A., was just unveiled. A development of AMCAL Multi-Housing Inc, the project features 85 family units, replacing old housing stock and underutilized land. It is loca...
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• LA –Area Apartment Properties Still in Demand
7/31/09
Here’s a look at three recent, smaller multifamily comps from the LA area. In the first deal, a nine-unit building at 1234 N. Virgil Ave, north of Santa Monica Blvd and east of Vermont Ave, sold for $1.3 mil ($144.4k/unit). ...
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• Glendale, AZ Apartment Sells for $19k/Unit
7/30/09
Here’s the scoop on a recent multifamily sale from Arizona, as Glen Park, an 88-unit property in the city of Glendale, sold for $1.7 mil, or about $19.3k/unit. The property, located at 6301 North 64th Dr, north of Camelback R...
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• Sherman Oaks Apartment Property Fetches $328k/Unit
7/29/09
We’ve got a couple of recent multifamily sales comps from the southeast San Fernando Valley report, in North Hollywood and Sherman Oaks.
In Sherman Oaks, Moorpark Townhouse Apartments, a seven-unit multifamily property at 15...
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• Santa Monica Multifamily Property Fetches $328k/Unit
7/28/09
La Montana Apartments, a 23-unit multifamily property located in a desirable north of Wilshire Blvd location in Santa Monica, recently traded hands in a $7.55 mil deal, which works out to $328k/unit. The property is located a...
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• Sares Regis Group and CIGNA Realty Investors Close 231-Unit San Jose Multifamily Buy
7/27/09
In a big NoCal apartment buy, a venture of Sares Regis Group of Northern California L.P. (SRGNC) and CIGNA Realty Investors (CREI) has acquired Bella Villagio Apartments, a 231-unit luxury apartment community located in San J...
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• Sacramento Sees Lofty Apartment Sale
7/24/09
The Lofts, a 188-unit multifamily asset in Sacramento, was purchased by the Reliant Group out of San Francisco for $18.46 mil, or roughly $98.2k/unit. The property is located at 3351 Duckhorn Dr, just west of I-5 and north o...
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• KTGY Group Recognized for Work on New Echo Park Project
7/22/09
The National Association of Home Builders’ (NAHB) 50+ Housing Council awarded KTGY GROUP INC Architecture and Planning the prestigious 2009 Best of 50+ Housing Gold Award in the category of “Best Multifamily Rental 50+ Commun...
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• Renters Resisting High-End Units
7/21/09
By Caroline Latham
CEO, RealFacts
A recent nationwide study of rents and occupancy conducted by RealFacts for 2Q09 reveals that renters are showing resistance to paying a premium to rent an apartment in a high-end market.
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• Trio of Bay Area Multifamily Sales Comps Add Up to $5.5 Mil
7/20/09
We’ve got three recent Bay Area multifamily investment comps to share with you, two in San Mateo County and the other one in Santa Clara County. We’ll start in Campbell, in Santa Clara County, where the 17-unit Angela Court A...
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• Santa Clarita Apartment Property Sells for $23 Mil
7/17/09
Canyon Crest, a 158-unit multifamily property in Santa Clarita, sold in a recent deal valued at $23 mil, or $145.6k/unit, in what we’re told is the biggest multifamily sale in the region since 2006. The property is located at...
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• Enjoy a Better Sunset in West Hollywood
7/16/09
Leasing activity may continue to be sluggish in many places, but for a newly constructed luxury development in West Hollywood business is booming. The property, 7950 W. Sunset, an award-winning community from Legacy Partners ...
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• New Mixed-Use Project to Add to Growing Popularity of Downtown Culver City
7/14/09
A unique new mixed-use project in West Los Angeles boasts sophisticated living with European sensibilities. The residential and retail development, Culver Centrale, is located in the heart of Culver City and will consist of ...
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• CA Multifamily Sales Review
7/13/09
LOS ANGELES (Los Angeles County) – Will Alex LLC, a limited liability corporation, paid $2.4 mil for a 36-unit ($66.7k/unit) building located at 3350 San Marino St, in LA’s Koreatown area. Built in 1924, the property contain...
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• NorthMarq Arranges $18 Mil on 176-Unit Santa Clarita Multifamily Property
7/10/09
In recent commercial financing news, NorthMarq Capital arranged an $18.1 mil first mortgage for Meadowridge Apartments, a 176-unit multifamily complex located in Santa Clarita. Financing was based on a 10-year term with two y...
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• Trio of LA Apartment Sales Comps
7/09/09
We’ve got three recent LA-area apartment comps to share in this report. In the most recent of the transactions, a private investor paid $1.95 mil for Nicolet Riviera, a 30-unit ($65k/unit) asset located at 3848 Nicolet Ave. B...
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• PCBC Honors Four MVE & Partners Projects
7/08/09
Irvine-based architecture, interiors and planning firm McLarand Vasquez Emsiek & Partners (MVE) was awarded two prestigious Gold Nugget Grand Awards and three Merit Awards—recognizing four separate California projects—at the ...
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