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• Investor Spends $2.8 Mil on Redwood City Apartment Property
12/16/08
A 24-unit apartment property in Redwood City sold in a recent $2.82 mil ($117.5k/unit) transaction. The property, located at 701 9th Ave, between El Camino Real and the 101 Fwy, is comprised of eight two-bedroom/one-bath unit...
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• SD 3rd Qtr Apartment Transactions Up; Units Sold Down
12/15/08
The number of San Diego County apartment sales transactions in the third quarter of 2008 was up 27.6 percent over the same quarter in 2007, according to a just released Cushman & Wakefield report. This was the first year-over...
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• Fremont Apartment Property Sells for $21.5 Mil
12/12/08
A 151-unit multifamily property in Fremont was acquired by a Santa Clara investment entity for $21.55 mil, or roughly $142.7k/unit. The property, Carrington Apartments, is located at 4875 Mowry Ave, east of the I-880. Origina...
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• San Gabriel Valley Apartment Property Sells in $15 Mil Transaction
12/11/08
The San Gabriel Valley recently saw a notable apartment sale, as the Atrium at West Covina, a 138-unit community in the city of West Covina, traded hands in a $15 mil transaction, valuing the property at roughly $109k/unit. S...
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• Marcus & Millichap Marketing Two $20 Mil LA-Area Investments
12/10/08
Looking for that perfect Christmas gift for someone special? How about a nice SoCal commercial property? Here’s the scoop on two LA-area investment opportunities, both listed with Marcus & Millichap and priced near $20 mil.
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• Hollywood & Vine Gets a New Star
12/09/08
A number of local dignitaries, including Los Angeles Mayor Antonio Villaraigosa and Councilman Eric Garcetti, were on hand the other day for the topping out ceremony at 1600 Vine, a new 375-unit multifamily development at the...
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• Symphony Towers Sales Event Was Music to Buyers’ Ears
12/08/08
A recent weekend sales event in San Francisco proves that when it comes to moving residential properties in this slower market, price remains king. The Nov 14-16 sales event was for Symphony Towers, a new high-rise condo proj...
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• Roosevelt Inaugurated Again
12/05/08
By Allen Wolfsheimer
An exciting residential project in downtown LA, reported to be one of the region’s most costly adaptive reuse projects to-date, officially opened its doors the other day. The Roosevelt, which was origina...
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• Reno Apartment Complex Fetches $56 Mil
12/04/08
Montebello at Summit Ridge, a 450-unit luxury apartment community in Reno, Nevada, traded hands in a recent $56 mil transaction that valued the property at about $124k per unit. The property is located at 5200 Summit Ridge Dr...
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• Monrovia Mixed-Use Development Gets Underway
12/03/08
Urban Housing Group has begun construction on The Courtyards at Old Town, a mixed-use urban community located in the heart of Monrovia’s Old Town district. The project, designed by KTGY GROUP and built in collaboration with t...
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• Don’t Overlook The Cliffs
12/03/08
Investors looking for a unique San Diego-area residential opportunity might want to check out The Cliffs, a 262-site manufactured home community for seniors which was recently listed for sale with an asking price of $35 mil (...
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• CA Existing Home Prices in Oct Drop 40%
12/02/08
Home sales increased 117.1 percent in October in California compared with the same period a year ago, while the median price of an existing home fell 39.9 percent, according to the latest numbers from the California Associati...
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• Bascom Nabs $32 Mil Colorado Apartment Property
12/01/08
Saddle Ridge Village Apartments, a 320-unit Class A property in the exclusive Saddle Rock subdivision of Aurora, CO, recently traded hands in a $32.25 mil transaction, which valued the asset at $100.8k/unit. The property, sit...
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• Townsite Makes a Good Multifamily Investment Site
11/26/08
Townsite Apartments, a fully occupied, 34-unit, 28.2k sf apartment building located at 131 Townsite Dr, north of the Hwy 78 and just east of Santa Fe Ave in Vista, was sold in a $3.6 mil ($105.9k/unit) deal. The property, wh...
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• New Multifamily Project Adds 52 Affordable Units in Downtown LA
11/25/08
Temple Villas, a new 52-unit affordable housing development in downtown Los Angeles’ Beaudry/Echo Park area, just opened to the public. Located at 1417-1429 W. Temple St, the project is a development of AMCAL Multi-Housing in...
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• Culver City is Upward Bound
11/24/08
The 18-unit Sun Bay Hotel at 12841 Washington Blvd in Culver City was acquired by the Upward Bound House, which plans to convert the property into an emergency shelter for families by 2009. This shelter will be the only progr...
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• Apartment Investor Acquires a Touch of Hawaii in Mil Foster City Buy
11/21/08
A 42-unit multi-family community in Foster City traded hands in a recent deal that came close to the property’s $10.9 mil ($260k/unit) listing price. The 37.6k sf property, Kula Kai, is located at 808 Comet Dr, east of the 10...
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• 4,000-Unit Multifamily Portfolio to Get a New Guardian
11/20/08
An apartment portfolio consisting of 4,000 units in Las Vegas, Miami, Phoenix, and Seattle is set to trade hands, as Guardian Management LLC has signed preliminary agreements to acquire the assets from Atherton-Newport Invest...
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• SoCal Investors Going Mobile
11/19/08
We’ve got two recent SoCal mobile home park sales to report, one in Hesperia and the other in La Mesa. The larger of the deals was in Hesperia, where Waterhouse Management Corporation paid $3.35 mil for Coral Isle Mobile Hom...
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• SoCal Multifamily Sales Comps
11/17/08
In this article we’ll get you caught up on a number of recent multifamily sales comps from the Southland. Six of the deals are from LA County, while the remaining transaction took place in the OC city of Anaheim.
A few miles...
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