| Continental Realty Advisors Ltd and MLG Capital Team Up in $53 Mil AZ Res Buy
Tempe Metro, a 408-unit apartment community in Tempe, AZ, was acquired by Continental Realty Advisors Ltd and MLG Capital in a recent $53.5 mil ($131k/unit) deal.
Completed in 2010, Tempe Metro features studios, one-, two- a...
| CO Investor Closes $23 Mil Res Buy in San Marcos
Woodspear Properties closed on an 84-unit residential buy in the San Diego County city of San Marcos. The CO-based firm paid $23.3 mil ($277.4k/unit) for The Avenue at San Marcos Apartments, a two-story, garden-style complex,...
| Holualoa Companies Picks Up 552-Bed Student Housing Asset in Tucson
Holualoa Companies of Tucson has acquired Gateway at Tucson, a 188-unit, 552-bed, Class A student housing community, for $12.9 mil. The asset, located at 2800 W. Broadway Blvd in Tucson, was sold by CW Capital Asset Managemen...
| San Pedro Res Property Gets a New Owner in $20 Mil Transaction
Bayridge Apartment Homes, a 60-unit, garden-style condo-mapped multifamily community in San Pedro, has sold for $20.5 mil ($342k/unit). The property was purchased by CA-based Manchester Square 2 LLC.
Located at 1099 W. Capit...
| New Active Adult Res Community in Utah is Completed
Buchanan Street Partners has wrapped up work on Incline at Anthem, a luxury, active adult apartment community in Herriman, UT. The 298-unit project offers a modern, highly-amenitized living experience for adults over the age ...
| SoCal Multifamily Loan Hat Trick Totals Nearly $14 Mil
A trio of recent SoCal multifamily financing transactions totaled up to $13.89 mil. The loans were all arranged by Continental Partnersí J.M. Grimaldi, Carl Riggins and Brian Asheghian.
The largest of the deals was $5.4 mil ...
| Irvine Residential Community Trades in $118 Mil Transaction
In one of the largest multifamily sales in Orange County for 2018, Texas-based Olympus Property purchased Fusion Apartments, a 280-unit residential community in Irvine. The asset was sold by Georgia-based 360 Residential in a...
| Investment Concepts Makes Zen Res Buy in Phoenix
Zen Senior Living, a 99-unit, two-story, garden-style complex in Phoenix, traded hands for $11.95 mil ($120.7k/unit). The property, located at 11645 N. 25th Place, was purchased by Investment Concepts Inc, of Orange County.
| New Milpitas Residential Community Opens to the Public
The Edge, a six-story, 381-unit apartment community in Milpitas, has opened to the public. The project was built by SCS Development and will be managed by Legacy Partners.
The Edge is located at 753 Montague Expwy. It featur...
| Davlyn Investments Buys 125-Unit Inland Empire Residential Community
Davlyn Investments paid $34.8 mil for The Summit, a 125-unit ($278.4k/unit) multifamily property in Chino Hills. The upscale, Class A community represents Davlynís tenth acquisition in the Inland Empire.
Constructed in 1990,...
| Decron Properties Closes 208-Unit Silicon Valley Multifamily Buy
Decron Properties has acquired Willow Creek, a 208-unit multifamily community in San Jose, for $84.6 mil, or about $407k/unit.
Built in 1985, Willow Creek consists of a mix of one- and two-bedroom floor plans. All units inc...
| Apartment Property in West Los Angeles Sells for $474k/Unit
A 27-unit multifamily property in West Los Angeles traded between private investors for $12.8 mil, or $474k/unit. The buyer has already begun an extensive renovation on over 50% of the units.
The property is located at 3815...
| Phoenix Group Pays $45 Mil for Hollywood Res Complex
Vue Hollywood, a 92-unit, non-rent-controlled apartment building in Hollywood, sold for $45 mil, or about $489k/unit. The buyer was Phoenix Group.
Vue Hollywood is located just off Sunset Blvd, a few blocks from the eastern ...
| Legacy Partners Completes New Res Project in Downtown Redmond, WA
The Triangle, a six-story, 195-unit apartment community in downtown Redmond, WA, has officially opened to the public. The residential project, a development of Legacy Parters, is located at 16450 Redmond Way.
Situated on a t...
| SoCal Investor Pays $125k/Unit for Pomona Apartment Property
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 ...
| Local Investor Buys Palm Springs Apartment Property
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...
| Apartment Building in San Diegoís University Heights goes for $287k/Unit
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...
| Cathedral City Apartment Property Sells for $156k/Unit
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.
| DMJ Partners Spends $5.5 Mil on 12-Unit Res Asset in San Diegoís Pacific Beach
DMJ Partners has purchased a value-add multi-family project in San Diegoís 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...
| Decron Properties Refinances 83-Unit, L.A. Koreatown Res Property
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...