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• West Hollywood Apartment Property Sold for $5.75 Mil
3/29/12
The Villa Rosa, a 40-unit apartment building on the Sunset Strip in .Hollywood, sold for $5.75 mil ($144k/unit). The iconic, five-story property is located at 7850 W. Sunset Blvd, a block east of Fairfax Ave.
The unit mix at...
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• 1.4 msf Partially Completed Mixed-Use Project in Utah Hits the Market
3/28/12
Midtown Village, a 1.39 msf, partially completed mixed-use condo project in Orem, Utah was just put on the market for open bid. Daniel Shin, a senior associate in Marcus & Millichap’s Salt Lake City office, is representing th...
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• Presidio Capital Partners / Fuller Apartment Homes Venture Picks Up 28 Res Rental Units in SLO Development
3/28/12
Presidio Capital Partners Inc and Fuller Apartment Homes Inc purchased 28 for-rent apartment units at The Village at Broad Street (Parcel II) from H&D Maymont LLC for an undisclosed amount. The 1.4-acre Parcel II was the last...
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• Beech Street Arranges $18.6 Mil on Two LA-Area Apartment Properties
3/27/12
Beech Street Capital has provided $18.6 mil in Fannie Mae conventional loans to refinance a portfolio of two Los Angeles properties, the Sanderson Apartments and La Luna at Beverly Hills. Together, the properties total 109 un...
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• Trumark Acquires Stalled Res Development in San Jose
3/27/12
Trumark Homes has acquired Capitol Station (formerly called Grandview Terrace), a stalled res project consisting of 34 partially completed townhomes located in San Jose, at the northeast corner of North Capitol Ave and Grandv...
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• Essex Adds 100-Unit Sunnyvale Apartment Community to Its Portfolio
3/26/12
Reed Square, a 100-unit multi-family property located at 1070 Reed Ave in Sunnyvale, was acquired by Essex Property Trust for $23 mil, or $230k/unit. Essex plans to invest an additional $30k-$40k/unit in improvements to the p...
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• Kennedy Wilson Venture Spends $42 Mil on Santa Maria Multifamily Asset
3/23/12
In an institutional-quality SoCal multifamily sale, a Kennedy-Wilson entity has purchased La Vista Apartments, a 460-unit apartment community located in the Santa Barbara County city of Santa Maria. The sales price of $42 mil...
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• Morrison Street Capital Closes Three Separate Preferred Equity Investments
3/23/12
Morrison Street Capital recently closed three separate preferred equity investments in existing multi-family properties, two of which are located in Denver, CO and one in Tempe, AZ. These three transactions total $5.66 mil of...
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• Historic Apartment Property in LA’s Koreatown Sells for $6 Mil
3/23/12
The historic 45-unit Art Deco Trophy Building in Los Angeles’ Koreatown sold for $6.1 mil, or $135.5k/unit. The property is located at 511-521 Oxford Ave, south of Melrose Ave and east of Western Ave.
The building has been m...
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• Albuquerque Apartment Community Receives $14 Mil Refi
3/22/12
Walker & Dunlop LLC provided $13.92 mil in financing for Ventana Ranch, a garden-style residential apartment community located in Albuquerque, NM. Built in 2005, Ventana Ranch is a 288-unit apartment development situated on o...
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• Seattle Multifamily Companies Form New Partnership
3/21/12
Seattle-based Harbor Properties Inc and Urban Partners LLC have merged their existing Seattle offices and are operating as Harbor Urban LLC. Together with AREA Property Partners, Harbor Urban LLC will complete its existing co...
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• M West Holdings Acquires Historic Redevelopment Project in Downtown LA’s Arts District
3/20/12
M West Holdings has purchased the historic Newberry Lofts building in downtown Los Angeles. The buyer intends to take over the ongoing renovation of the property, a 45-unit, 61.4k sf residential building located at 900 E 1st ...
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• Walker & Dunlop Provides $11.8 Mil on Colorado Multifamily Refi
3/19/12
Walker & Dunlop provided $11.775 mil in financing for Grandview Meadows, a garden-style residential apartment community located in Longmont, CO. The refinance loan was structured with a 10-year term with three years interest ...
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• WNC Closes $100 Mil LIHTC Fund
3/19/12
WNC & Associates (WNC), a national investor in urban renewal and affordable housing projects, has closed WNC Institutional Tax Credit Fund 35. The $100 mil multi-investor Low Income Housing Tax Credit (LIHTC) fund will financ...
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• Bascom Finances Latest Co Apartment Buy with $25 Mil
3/16/12
In a sizable Colorado multifamily financing deal, Mesa West Capital has provided The Bascom Group with $25.25 mil in first mortgage debt for the acquisition of Hyland Park Centre, a 492-unit apartment community near Denver.
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• Newmark Realty Capital Arranges $26 Mil on OR Res Community
3/16/12
Newmark Realty Capital arranged $26 mil in permanent financing for the Timber Ridge Apartments located in Portland, OR. Built in 2010 by Polygon (a prominent northwest home builder) as part of the Timberland master-planned co...
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• Beech Street Refis Two NoCal Apt Portfolios with $53 Mil
3/16/12
Beech Street Capital recently provided $53 mil in Fannie Mae loans to refinance two Northern California multifamily portfolios consisting of six properties totaling 540 units. These transactions were originated by Beech Str...
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• Pair of Santa Monica Multifamily Sales Total Over $3.5 Mil
3/16/12
Two recent multifamily sales in Santa Monica totaled up to $3.575 mil. Kimberly Roberts Stepp, senior managing director with Charles Dunn Company, represented both sides on each of the two transactions.
The first property ...
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• Adrienne Barr Joins West LA Division of Hendricks & Partners
3/16/12
Adrienne Barr has joined Hendricks & Partners as a Senior Vice President in the firm’s West Los Angeles division. Barr’s hiring will support the company’s ongoing expansion in the Greater Los Angeles market.
Since 2001, Barr...
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• West Hollywood Apartment Asset Sells for $4.1 Mil
3/15/12
Investment entities In San Francisco and Los Angeles traded a 25-unit West Hollywood apartment complex. The property, Villa Sarah, Is located at 1280 N. Laurel Ave, south of Sunset Blvd and east of Crescent Heights Blvd. It s...
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