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• Alta Housing Opens New Affordable Housing Project in Palo Alto
12/13/22
Wilton Court Apartments, a new res development by Alta Housing in Silicon Valley, has been completed and is now open to the public. Located at 3705 El Camino Real in Palo Alto, Wilton Court Apartments is Alta Housing’s first...
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• Work Started on Res Community in San Pedro Waterfront Arts District
12/12/22
Construction recently got underway on Vivo on Harbor, a new waterfront residential community in Los Angeles. Located in the San Pedro Waterfront Arts District neighborhood at the gateway to the Port of Los Angeles, the projec...
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• Res Property in Signal Hill Sells for $389k/Unit
12/09/22
A 24-unit apartment property in the city of Signal Hill sold for $9.325 mil, or $389k/unit. The property is located at 1867 Temple Ave, just north of Pacific Coast Hwy. The buyer plans to complete renovations on units that ha...
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• Los Angeles County 3rd Qtr Multifamily Sales Volume Down 12% from Prior Year
12/08/22
LA County Q3 2022 - Multifamily Market Outlook
This update provided by NAI Capital Commercial
In Los Angeles County, the multifamily housing market continued enduring remnants of the statewide eviction moratorium, which was...
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• Preservation Equity Fund Advisors LLC Buys 91-Unit Affordable Housing Community in San Diego
12/07/22
Preservation Equity Fund Advisors LLC (PEF Advisors) paid $20 mil for Alcove East Village (formerly known as Nook East Village), a 91-unit affordable apartment community for individuals and veterans located in San Diego.
“S...
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• Colorado Mobile Home Park Purchased for $3.13 Mil by The Yampa Valley Housing Authority
12/02/22
Whitehaven mobile home park, a 28-lot mobile home park in Steamboat Springs, CO, was purchased for $3.125 mil by The Yampa Valley Housing Authority on behalf of the residents of Whitehaven. The acquisition marks the second ac...
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• Newport Beach Res Community Undergoes Extensive Interior and Exterior Renovations
12/01/22
Interior and exterior renovations have been completed at Vercanta Newport Beach Apartments, a 147-unit, two-story, garden style multifamily community located in Newport Beach. The property is located at 1561 Mesa Dr, just so...
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• New 281-Unit Res Community in Lakewood, CO is Finished
12/01/22
Traverse Apartments, a 281-unit, Class A apartment community in Lakewood, CO, has opened its doors to the public. Located between downtown Denver and the Rockies, an area experiencing a housing shortage, Traverse Apartments i...
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• Res Project in Bellevue, WA Breaks Ground
12/01/22
Legacy Partners, in partnership with New York Life Real Estate Investors, has broken ground on Copal, a 288-residence multifamily property in the fast-growing Bel-Red corridor submarket of Bellevue, WA. The mid-rise, transit-...
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• Avanti Residential Buys 382-Unit Phoenix Res Community for $65 Mil
11/30/22
Avanti Residential has partnered with FCP in the acquisition of Omnia on Thomas, a 382-unit apartment community in Phoenix, for $65 mil, or $170k/unit. Recognized for its chic and colorful exterior with a coveted American Soc...
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• Advanced Real Estate Buys 90-Unit Res Asset in Orange County
11/30/22
Irvine-based Advanced Real Estate has acquired Foxborough Apartments, a 90-unit multifamily complex in the city of Orange, in a $41.5 mil ($461k/unit) transaction. The property, located at 501 E. Katella Ave, was sold by UDR....
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• Apartment Building in L.A.’s Echo Park area Trades for $380k/Unit
11/28/22
A 10-unit apartment property located in L.A.’s Echo Park area sold for $3.8 mil, or $380k/unit. Built in 1966, the property is located at 1330 Portia St and is subject to Los Angeles rent control.
The property consists of on...
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• Private Investor Spends $11.25 Mil on Palm Springs Affordable Housing Community
11/28/22
Sunnyview Villa Apartments, a 44-unit garden-style multifamily community in Palm Springs, was purchased by a California-based affordable housing investor for $11.25 mil ($255.7k/unit). Built in 1980, the property is located a...
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• Northland Closes $500 Mil Res Buy in Downtown L.A.
11/23/22
In a recent multifamily asset trade, Northland purchased THEA at Metropolis, a 685-unit, ultra-luxury, high-rise multi-housing community located in Downtown Los Angeles, for $504 mil. The 59-story res high-rise was sold by a ...
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• Greystar Set to Start Work on Res Project in Portland’s Slabtown Neighborhood
11/23/22
Greystar is set to break ground later this month on a new housing project in Portland’s Slabtown neighborhood. The centrally located buildings will feature 364 units across two blocks between Northwest 19th and 20th Avenues, ...
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• Washington Multifamily Property Trades in $78 Mil Deal
11/22/22
Lakemont Orchard, a 201-unit apartment community located on Seattle’s Eastside in Issaquah, WA, traded hands in a $78.5 mil ($390.5k/unit) transaction. The buyer’s name was not immediately released. The seller was an affiliat...
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• Universe Holdings Refis 56-Unit Res Property in La Mesa
11/18/22
Universe Holdings has secured a $10.75 mil refi loan on Chateau Spring Terrace, a 56-unit multi-housing community located in La Mesa. The ten-year, fixed rate loan was arranged by Charles Halladay, Jonah Aelyon, Jolie Zhou an...
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• Complex 1031 Exchange Involves Five Properties in Deals Totaling Nearly $24 Mil
11/18/22
Five properties traded hands as part of a complex 1031 exchange. An investor sold two Bay Area multifamily communities in San Mateo for $12.85 mil and exchanged into two KinderCare Learning Center properties and a Dollar Gene...
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• Texas Res Project Lands $56 Mil in Financing
11/18/22
Construction of a new, 350-unit garden-style apartment complex in Bexar County, TX is set to move forward now that $56 mil of financing has been secured for the project. The financing covers 98.2% of the total cost of the pro...
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• Haven Realty Capital and J.P. Morgan Global Alternatives Firm Fund to Develop and Acquire Build-to-Rent Communities
11/16/22
Haven Realty Capital and institutional investors advised by J.P. Morgan Global Alternatives have formed a programmatic joint venture to acquire and develop more than $1 bil in new build-to-rent (“BTR”) communities throughout ...
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