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OC Res Development Lands $128 Mil in Construction to Permanent Financing 1/29/24 Legado Companies has obtained $128 mil of construction-to-permanent financing in three tranches, from three separate lenders, for the development of the Legado at the Met multifamily project in Santa Ana.
The 268-unit, mark...
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California Commercial Investment Group Buys 19 Acres in Woodland Hills for Development of a Senior Living Facility 1/26/24 California Commercial Investment Group has acquired a 19-acre site adjacent to the iconic Motion Picture & Television Fund campus in Woodland Hills for $30 mil. California Commercial Investment Group will develop a luxury se...
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Brownsville, TX Multifamily Buy Financed with $4.3 Mil Loan 1/25/24 In a recent multifamily financing deal out of Brownsville, TX, BridgeCore Capital provided a $4.3 mil acquisition loan for the purchase of a 60-unit apartment property. The asset was acquired by an experienced real estate inv...
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AZ Build-to-Rent Development Lands $66 Mil Bridge Loan 1/22/24 Bela Flor Communities has obtained a $66 mil bridge loan for Bella Encanta, a 212-unit build-to-rent (BTR) community located in Mesa, AZ. Over half of the units are leased and occupied at the property, which recently complete...
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Sales Underway at New Bay Area Res Community 1/22/24 Sales have started for a Village Walk, a new NoCal residential community. The project, a collection of 15 new Craftsmen-style townhomes in the Bay Area city of Belmont, was developed by Regis Homes Bay Area LLC, a division of...
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The Bascom Group Closes First Acquisition in Albuquerque 1/19/24 The Bascom Group LLC has acquired the Overlook Apartments, a 344-unit, garden-style multifamily property in Albuquerque, NM. Built in 1988, the property is located at 6200 Eubank Blvd, just south of Academy Rd.
Located withi...
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OC Multifamily Community Trades in $127 Mil Transaction 1/18/24 Regency Palms, a 310-unit gated multifamily community in Huntington Beach, traded hands in a $127 mil ($410k/unit transaction in one of the largest multifamily transactions in Orange County over the last 12 months. The buyer ...
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AZ Res Dev Site Trades for $1.72 Mil 1/16/24 A 22-acre residential development site in San Tan Valley, AZ sold for $1.72 mil. The property is located at the southeast corner of Schnepf Rd and Hash Knife Draw Rd.
The buyer was BC Invest LLC, an investor and residential ...
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Texas Multifamily Property Acquired by Tri-City Equity Group 1/12/24 Tri-City Equity Group has acquired Kings Landing, a 64-unit multifamily property in Mansfield, TX. The price was not given out.
Currently 100% occupied, Kings Landing has 64 units, with 48 units completed in 1975 and 16 unit...
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OC Multifamily Property Sells for First Time in 40 Years 1/11/24 Crestview Apartments, a 19-unit multifamily property in Costa Mesa, was purchased by a local private investor for $5.025 mil. The selling price, which came in at $563/sf and $264.5k/unit, marks the property’s first sale in ov...
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KT Development Buys Three-Acre CO Site for Hotel Development 1/11/24 KT Development acquired a three-acre land site in Centennial, CO (Arapahoe County) for the development of a 122-room WoodSpring Suites Hotel. The land was purchased for $1.2 mil and construction for the project is anticipated...
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Seattle-Area Multifamily Property Goes for $268k/Unit 1/10/24 Nicholas Townhomes, a 28-unit townhome community in Sedro Woolley (Seattle), WA sold for $7.5 mil ($268k/unit). Located at 671 Cook Rd, on the northern Puget Sound, the property consists of all two-story, two-bedroom/1.5-bath...
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Colorado Res Community Gets New Owner 1/10/24 Orion Real Estate Partners acquired Fielders Creek, a 217-unit apartment community in Englewood, CO. The price was not disclosed.
Located at 3205 W. Floyd Ave in southwest metro Denver, the nine-building, two- and three-stor...
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Palm Springs Multifamily Property Sells for $220k/Unit 1/09/24 In a multifamily sales comp from Palm Springs, Highland Apartments, a 15-unit property, traded for $3.3 mil, or $220k/unit.
Highland Apartments is located at 540-570 Highland Dr, just west of California State Route 111, and...
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Modesto Multifamily Community Goes for $42.7 Mil 1/05/24 Edge at Lakewood Apartments, a 196-unit apartment community in Modesto, CA, traded hands in a $42.7 mil ($217.9k/unit) transaction. We’re told that the sale, which closed at the end of December, marks the largest multifamily ...
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Denver Res Tower Sells for $125 Mil 1/05/24 In a large, end-of-year multifamily trade, Griffis Residential purchased Platform at Union Station, a 287-unit luxury apartment community in downtown Denver, for $125.5 mil ($437k/unit). The sale is among the largest multifam...
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Stream Real Estate Acquires Seattle Office Building for Residential Conversion 1/05/24 Seattle-based Stream Real Estate purchased Queen Anne Plaza, a four-story, 52.3k sf office building in the heart of Seattle’s central business district, for $7 mil. The 0.33-acre property, which includes two levels of parking...
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BWE Secures Over $26 Mil for Seniors and Affordable Housing Across the Country 1/04/24 BWE closed four financings totaling over $26 mil to refinance, build, and preserve four seniors and affordable housing properties in California, Massachusetts, Ohio, and Florida. The CA financing was for a 99-unit, age-restri...
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OR Res Community Trades for $99 Mil 1/03/24 Tessera at Orenco Station, a 304-unit multifamily community in Hillsboro, OR, has traded hands in a $99 mil ($325.7k/unit) transaction. The property was sold by Seattle-based Security Properties.
Built in 2014, Tessera at Or...
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San Diego Apartment Comp Works Out to $425k/Unit 1/02/24 In an end-of-year multifamily sales comp from a San Diego, a six-unit property in the city’s North Park neighborhood traded for $2.55 mil, or $425k/unit.
The 3.5k sf property is situated on a 9.4k sf lot located at 3687-369...
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