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Kennedy-Wilson Collects $147 Mil from Recent Sales 11/20/07 Beverly Hills-based Kennedy Wilson Management Group (KW Multifamily) has gotten a head start on spring cleaning for next year, having recently sold four major California apartment communities in transactions that totaled $147...
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How Have Rents Been Affected by the Mortgage Crisis? 11/19/07 By Caroline S. Latham
CEO, RealFacts
A question many people are asking as they follow the latest news is what effect the current mortgage problems are having on apartment rents. Lenders of residential mortgages, such as Coun...
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130-Unit Torrance Community Offered for $27 Mil 11/16/07 Here’s a listing in LA’s South Bay region that you might be interested in, as Gregory Harris and Ronald Harris of Marcus & Millichap are marketing the Palermo Apartments, a 130-unit community located at 4315 West 182nd St in ...
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Quarterpenny Picks Up 270-Unit Tucson Complex 11/15/07 Tucson-based Quarterpenny Company has purchased Tamarack, a 270-unit apartment community located at 1111 West St. Mary's Rd in Tucson, for $10.5 mil ($38.9k/unit). Built in 1985, Tamarack is an interior gated-community compri...
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Thousand Oaks Apartment Complex Trades for $300k/Unit 11/14/07 Pavilion Apartments, a 142-unit multifamily community located at 550 North Laurie Lane, just west of Moorpark Rd and north of Hillcrest Dr in the city of Thousand Oaks, sold for $42.575 mil ($299.8k/unit). The complex is situ...
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Johnson Capital Arranges $11.6 Mil Refi on 128-Unit Bakersfield Complex 11/13/07 Johnson Capital arranged $11.6 mil of floating rate financing for the refinance of the Villa Sienna Apartments, a 128-unit complex located in Bakersfield. The property was acquired in 2005 by Irvine-based The Bascom Group, wh...
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Phoenix Buyer Spends $21 Mil for University Education 11/12/07 A four-property, 268-unit apartment portfolio in Tempe, AZ was acquired by a Phoenix investor for $21.4 mil ($79.9k/unit). The assets, known as the University Properties are: University Place; University Pointe; University Sq...
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New San Jose Res Tower is Part of Axis of Good Living 11/12/07 Development of Axis, a new 22-story luxury residential tower neighboring the historic Hotel De Anza in San Jose, is moving forward. The Silicon Valley project is about to unveil its presentation center and model homes, and wi...
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$86 Mil LA Apartment Sale has Hollywood Ending 11/09/07 A large apartment complex at the foot of the Hollywood hills recently traded hands in a transaction with price tag of $289.4k/unit. The property, Seravella Apartments, is a 298-unit asset located at 1710 North Fuller St, at t...
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Majority of Apartment Renters don’t Carry Renters Insurance 11/07/07 Car owners know that they must have insurance to drive and homeowners know to carry coverage to protect their possessions, however, according to a recent Apartments.com survey of current renters, fifty-eight percent of respon...
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Investor Pays $244k/Unit for Glendale Apartment Property 11/06/07 A Santa Clara-based investment group has purchased Casa Vaquero, a 67-unit apartment community located at 1630 Calle Vaquero in Glendale, for $16.35 mil ($244k/unit). The property was sold by DMC Investment Group Inc of Los A...
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Hermosa Beach Apartment Property Sells at 2.4% Cap Rate 11/05/07 A 10-unit apartment property in Hermosa Beach was acquired by a Chicago-based investment entity for $2.9 mil ($290k/unit). According to CoStar, the property broke sales records for the local area, with the lowest cap rate of ...
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LeFever Mattson Closes another Big SoCal Apartment Buy 11/02/07 Windscape Village, a 328-unit multifamily complex in the city of Lompoc, was purchased for $42.25 mil ($128.k/unit) by LeFever Mattson, out of Citrus Heights. Located at 1300 North L St, the asset consists of 36 two-story apa...
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Oregon Multifamily Comp Review 11/01/07 We’ve got a few apartment sales comps from Oregon to share with you. Grayson Pounder of Hendricks & Partners’ Portland office was involved in brokering all of these transactions.
We’ll start in Portland, where an investment ...
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CA Unsold Homes Inventory Balloons to 16.5 Months 10/31/07 Home sales decreased 38.9 percent in September in California compared with the same period a year ago, while the median price of an existing home fell 4.7 percent, according to the latest figures from the California Associati...
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Here’s Your Chance to Own Walden Pond 10/30/07 It’s not in CT, and it provides much more social interaction than its namesake, but Walden Pond, a one-of-a-kind apartment community set against a pristine and irreplaceable landscape on 14 acres in Everett, WA, is being offe...
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StarPoint Collects $271k/Unit from Hollywood Asset 10/29/07 A New York-based institutional investor has purchased the Sterling Apartments, an 80-unit complex located at 1800 N. Normandie Ave in Hollywood, for $21.7 mil ($271.3k/unit). The asset was sold by Beverly Hills-based StarPoin...
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CA Foreclosure Filings Jump 422% from Prior Year 10/26/07 Foreclosure filings in California are up a whopping 422 percent in September 2007, compared to the same time last year. According to the latest data from Default Research, Los Angeles County led the state with 5,940 foreclos...
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LeFever Mattson Pays $30 Mil for Santa Maria Apartment Property 10/25/07 LeFever Mattson Inc paid $30.25 mil ($145.4k/unit) for the Country Oaks Apartments, a 208-unit multi-family community at 333 East Enos Dr in Santa Maria. The 156.6k sf apartment community is situated approximately 12 miles fr...
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San Francisco Group Makes $32 Mil Washington Apartment Buy 10/24/07 San Francisco-based BlackRock Inc has acquired Corbella at Juanita Bay, a 169-unit apartment community located at 9536 NE 120th St in Kirkland, WA. It was sold by a local developer for $32.5 mil ($192.3k/unit).
Corbella at ...
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