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• Unique Santa Monica Res Project Filling Up Fast
2/12/09
An unusual new residential project in Santa Monica has provided students, retirees and other individuals with a limited income an opportunity to rent a new living space in this pricey Westside community. The project, a develo...
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• Valley Apartment Property Sells for $5.2 Mil
2/11/09
A 53-unit apartment complex in Valley Glen, an area in the eastern part of the San Fernando Valley that was previously considered to be Van Nuys, sold for $5.2 mil, or about $98.1k/unit. The property is located at 6125 Fulton...
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• Investors Close Out 2008 with Pac Northwest Multifamily Buys
2/09/09
For those of you who like to keep up on multifamily investment transactions from the Pacific Northwest part of the country, here are comps on three year-end 2008 deals from Washington and Oregon.
We’ll start in Klamath Falls...
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• Two San Diego Area Apartment Properties Each Sell for $4.5 Mil
2/03/09
A 14-unit Carlsbad apartment property traded hands in a recent $4.5 mil ($321.4k/unit) transaction. The property, Pirineos Pointe Luxury Townhomes, is located at 2610-2622 Pirineos Way, north of La Costa Ave and east of El Ca...
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• Seniors Housing Portfolio Trades for $364 Mil
2/02/09
A large real estate portfolio consisting of 3,554 residential units in 45 senior housing communities was acquired by private equity firm for $364 mil ($102.4k/unit). Located in Alabama, Arizona, California, Colorado, North Ca...
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• G.W. Williams Closes $39 Mil Recapitalization of NoCal Multifamily Assets
1/30/09
In a notable NoCal multifamily financing deal, San Mateo-based G.W. Williams Co recapitalized a four-property, 600-unit portfolio in the Sacramento and Silicon Valley regions. The $39 mil transaction was actually a fixed-rat...
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• Sluggish Tech Sector to Slow San Jose Apartment Market
1/29/09
In the coming year, San Jose’s apartment market is expected to be impacted by the continued turmoil in the financial markets and by a tough employment market faced with a sluggish technology sector, according to the 2009 Nati...
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• ARCS Keeps Sacramento Apartment Market Afloat with Financing on Pair of Properties Totaling 160 Units
1/28/09
To give you a better sense of the kind of apartment financing deals getting done in California’s state capitol, here’s some info on a couple of loans arranged by PNC ARCS for a combined total of $5.82 mil on the Ridgestone Ap...
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• New Team Hopes to Score by Going Long on Housing
1/27/09
Well known contrarian investor Highridge Partners and veteran housing development group West Coast Housing Partners are returning to the residential market with a first wave of $500 mil in capital targeting failed housing sub...
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• 40-Unit NoHo Apartment Property Trades for $7.7 Mil
1/27/09
A 40-unit, 1980s-era apartment property in North Hollywood was purchased for $7.7 mil ($102.5k/unit). The non-rent control property, Otsego Villas, is located at 11109 Otsego St in the area’s NoHo Arts District and offers the...
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• Santa Clara Apartment Property Sells for $162k/Unit
1/26/09
In a recent example of a Silicon Valley apartment sale, a 16-unit luxury apartment complex in Santa Clara sold for $2.6 mil ($162.5k/unit). The property, Saratoga Square, is located at 565 Saratoga Ave and consists of 14 one-...
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• Los Angeles Apartment Market Expected to See Rent Gains in 2009
1/22/09
The Los Angeles apartment market is expected to remain one of the nation’s top performers in 2009, though a softer local economy will result in rising vacancies, according to the 2009 National Apartment Report by national inv...
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• Marcus & Millichap Handles Fair Share of LA Apartment Sales
1/21/09
Marcus & Millichap, one of the largest investment brokerage firms in the country, is regularly involved in a large number of multifamily property sales throughout the US and particularly in Southern California. To give you a ...
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• Phoenix Apartment Market in State of Flux
1/20/09
The Phoenix apartment market is expected to remain in a state of transition in 2009 due to a considerable supply/demand imbalance. That’s the outlook according to the 2009 National Apartment Report from Marcus & Millichap, th...
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• Yardi Systems Achieves a Milestone
1/16/09
Milestone Management LP, a privately owned residential property management and investment company based out of Dallas, has selected Yardi Systems’ Voyager residential management software to manage its multifamily communities ...
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• Monem Corp Acquires Three LA Apartment Properties in December 2008
1/15/09
LA-based Monem Corporation closed out 2008 with three multifamily acquisitions, totaling 35 units, during the month of December. One of the buys was a 15-unit asset at 843 Ardmore, east of Western Ave and south of Wilshire Bl...
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• Attractive SoCal Apartment Properties Continue to Find Buyers
1/14/09
Although sizable real estate acquisitions are fewer and farther between these days, some sales are getting done. As evidence, we’ve got three recent SoCal multifamily acquisitions to report, two in the LA area and one in the ...
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• Pair of $25 Mil West LA Multifamily Listings Hit the Market
1/13/09
Financing for real estate acquisitions may be a major challenge these days, but there continues to be substantial investment opportunities for those buyers who can find ways to come up with the purchase money. For example, we...
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• Healthy Outlook for San Francisco Apartment Market
1/12/09
The outlook for the San Francisco apartment market in 2009 is expected to remain relatively healthy, though the threat of payroll contraction in response to the upheaval in the financial markets bears monitoring. At least tha...
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• Notice of Defaults and Notices of Trustee Sales in CA Jumped 131% in 2008
1/08/09
According to the latest data from Default Research, Notice of Defaults and Notices of Trustee Sales in both halves of California rose 131 percent last year. In Los Angeles County alone, 122,408 unique properties entered into ...
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