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• Mesa, AZ Senior Housing Facility Fetches $12 Mil
3/31/11
Nationwide Health Properties Inc has acquired Arbor Rose Assisted Living, a senior housing facility in Mesa, AZ, for $12 mil. The property, located at 6033 Arbor Ave, was purchased from Arbor Rose Senior Care LLC and Arbor Ro...
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• New Student Housing / Retail Facility Planned for University of La Verne
3/29/11
In development news from the eastern edge of LA County, Hanover Pacific LLC plans to build a new 103.2k sf retail and student housing building at the University of La Verne (ULV) in La Verne. The project is being designed by ...
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• AMCAL Celebrates Grand Opening of Bakersfield Workforce Housing Project
3/28/11
Earlier this month, AMCAL Multi-Housing Inc celebrated the grand opening of Santa Fe, a 56-unit mixed-use workforce housing development located in Bakersfield. Designed by The Vincent Company, Santa Fe replaces a rundown hot...
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• OliverMcMillan Moving Forward With Improvements at Daly City Res Project
3/23/11
San Diego-based OliverMcMillan will begin work on a $5 mil improvements upgrade ahead of the planned opening of sales for 88 Hillside, a luxury mid-rise condominium with ocean views and adjacent access to BART in Daly City, C...
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• Pierce Education Properties Spends $52 Mil on 640-Bed AZ Student Housing Community
3/22/11
Pierce Education Properties purchased Block 1949, a 640-bed student housing community near the campus of Arizona State University in Tempe, AZ, for $52 mil ($81.3k/bed). The transaction was facilitated by a $38.5 mil acquisit...
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• West LA Multifamily Property Sells for $330k/Unit
3/21/11
A private investor paid $3.3 mil for the Wellesley Penthouse Loft Apartments, a 10-unit ($330k/unit) multifamily property at 1250 Wellesley Ave in West Los Angeles, just one block south of Wilshire Boulevard and two blocks ea...
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• Shea Properties to Get Underway with Highly Anticipated San Diego Mixed-Use Project
3/18/11
Shea Properties will soon begin construction on their Mercado del Barrio project, a highly anticipated development consisting of a shopping center and 92 affordable apartment units in the Barrio Logan neighborhood at the base...
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• Pacific Palisades Dev Site Fetches $5 Mil
3/17/11
A 36.9k sf development site in Pacific Palisades sold for $4.9 mil. The property is located at 15201 Bestor Blvd, east of Temescal Canyon Rd and north of Sunset Blvd.
The land is zoned R-1 and may be suitable for multiple si...
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• CBRE Capital Markets Arranges $33 Mil on NoCal Multifamily Property
3/17/11
CBRE’s Capital Markets Debt & Equity Finance Group arranged $33 mil in financing for The New Californian Apartments, a 148-unit mid-rise style apartment community in Berkeley. The property is situated approximately five bloc...
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• Bay Area Multifamily Deal Update
3/16/11
REDWOOD CITY (San Mateo County) -- A seven-unit apartment complex West of the El Camino in Redwood City sold for $1.435 mil ($205k/unit). The property, Regent Manor, is located just off Woodside Rd at 1567 Regent St. The buil...
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• North SF Valley Dev Site Acquired for New Housing Project
3/15/11
An affiliated entity of L. A. Family Housing (LAFH) has acquired just over an acre of land in the northern San Fernando Valley community of Tujunga, with plans to build 48 units of permanent supportive housing. The buyer, Day...
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• Caruso Gets Underway with Mixed-Use Project Just Outside of Beverly Hills
3/10/11
Possible LA mayoral candidate Rick Caruso’s highly successful RE development firm, Caruso Affiliated, has begun construction on 8500 Burton Way, a Beverly Hills-adjacent mixed-use project slated to offer 88 upscale residentia...
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• Downtown La Jolla Site Sells for Over $500/sf
3/09/11
A .32-acre land parcel in downtown La Jolla that is fully entitled for 24 townhomes just sold for $7.6 mil. The buyer, Zephyr Partners-RE LLC, plans to demolish the existing structures and hopes to break ground in the next th...
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• Pacific Beach Multifamily Sale is a Gem of a Deal
3/08/11
Here’s the scoop on a recent San Diego-area apartment sale, in Pacific Beach. The Diamond 24 Apartments, a two-building complex located at 1742 and 1754 Diamond St, north of Grand Ave and midway between I-5 and the Pacific Oc...
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• New Senior Living Community Breaks Ground in LA’s Echo Park Area
3/04/11
The Foursquare Foundation has broken ground on the construction of a new $10 mil Foursquare Senior Living residential community in one of Los Angeles’ most historic neighborhoods, Echo Park. Designed by the architectural firm...
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• Newmark Arranges $38 Mil on San Jose Apartment Complex
3/03/11
Newmark Realty Capital arranged financing in the amount of $38 mil on the Fruitdale Station apartment complex, a 246-unit, Class A apartment community in San Jose. Located at 1590 Southwest Expwy, just north of the intersect...
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• Apartment Building in LA’s Silverlake Area Sells for $146k/Unit
3/03/11
A 16-unit multifamily property in the trendy Silverlake area of Los Angeles was purchased by Thorofare Capital for $2.332 mil ($146k/unit). The building is located at 2352 Glendale Blvd, a couple of blocks east of Silverlake ...
Price: $4.99
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• Investor Spends $1.7 Mil on Three LA-Area Apartment Properties
3/02/11
Three bank-owned multifamily properties in the Baldwin Village section of Los Angeles sold for $1.725 mil, or $74/sf. The properties are located at 4122, 4130 and 4136 Palmwood Dr, south of Rodeo Rd and east of La Brea Ave.
...
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• Private Investors Trade Bakersfield Mobile Home Park
3/01/11
Bakersfield Mobile Home Park, a 60-site mobile home park located in Bakersfield, sold for $1.496 mil in a transaction that included $230k park-owned homes and notes. Located at 3219 Gulf St, Bakersfield Mobile Home Park is c...
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• HFF Arranges $13 Mil for Three WA Manufactured Housing Communities
2/28/11
The HFF team representing WCM included senior managing director Tim Wright and associate director Zach Koucos. “We garnered interest from multiple capital sources on these three transactions; evidence that the capital marketp...
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