| Work Finished at Seniors Mixed-Use Community in LA’s Park Mesa Heights Neighborhood
The Curve at West Angeles, a 70-unit, 80k sf affordable mixed-use community in the Park Mesa Heights neighborhood of Los Angeles, has been completed. The $24 mil, art deco-style project is a joint venture between Related Cali...
| Pacific West Communities Inc Acquires Affordable Housing Development Site in Indio
Pacific West Communities Inc paid just over $2 mil for 6.53 acres in Indio. The property, located at 47555 Jefferson St on a main artery through the city, was sold by United States Marshals Service.
The land parcel is in one...
| Stockbridge Pays Over $100 Mil for Luxury Res Complex in San Jose
LINQ, a 230-unit, transit-oriented luxury apartment community in San Jose, traded to a new owner in a $103.8 mil transaction, valuing the property at $451k/unit. The buyer was Stockbridge, on behalf of the firm’s Value Fund I...
| Long Beach Apartment Property Gets $237.5k/Unit in Recent Sale
A 12-unit apartment property in Long Beach sold for $2.85 mil ($237.5k/unit). The property is located at 5558 to 5562 Dairy Ave, just east of Long Beach Blvd and the 710 Fwy.
Built in 1961, the two-building property totals 7...
| San Bernardino Apartment Property Acquired as Part of a 1031 Exchange
A 55-unit apartment property in San Bernardino sold for $6.1 mil, or $110.9k/unit. The 49.6k sf property is located at 1275 E Date St.
The property features large floor plans with an average unit size of 902 sf and a mix of...
| Apartment Portfolio in Los Angeles’ Westlake/MacArthur Park District Sells in $48 Mil Deal
A three-property apartment portfolio comprised of 192 multifamily units in L.A.’s Westlake/MacArthur Park submarket, traded hands in a $48.25 mil ($251.3k/unit) deal. We’re told the transaction is one of the five largest deal...
| Salt Lake City Investor Pays $30.7 Mil for AZ Multifamily Complex
Solano Vista, a 352-unit res complex in Glendale, AZ, has a new owner after being sold for $30.75 mil, in a deal that works out to $87.4k/unit. Solano Vista is in the high-demand and supply-constrained Glendale submarket wher...
| Trion Properties Adds 89 Units to Its Bay Area Res Portfolio
Trion Properties has acquired Villa Morada Apartments, an 89-unit multifamily community in the Bay Area city of Hayward, for $25 mil, or $281k/unit. The property, located at 1180-1182 East St, was sold by Klingbeil Capital Ma...
| Local Investor Buys 112-Unit Multifamily Property in Las Vegas
City View Apartments, a garden-style, 112-unit apartment complex in Las Vegas, traded hands in $13 mil ($116k/unit) deal. The property is located at 3355 Arville St, in the West-Central submarket of Las Vegas.
| Scottsdale, AZ Res Complex Acquired for $18 Mil by Local Investor
The Winfield of Scottsdale, a 95-unit apartment complex in Scottsdale, AZ, was purchased by a Michigan-based investment entity for $18.3 mil, or $192.6k/unit. The property is located at 8021 East Osborn Rd, west of Route 101....
| Bay Area Multifamily Asset Fetches $530k/Unit
Woodside North, a fully renovated 22-unit multifamily community in Redwood City, has sold in an $11.7 mil ($532k/unit) transaction. Built in 1961, the property is located at 1551 Regent St, just west of Woodside Rd.
| Multifamily Property Sale in San Diego Comes in at $284.5k/Unit
In a recent multifamily comp from San Diego, an 11-unit multifamily complex in the city’s Golden Hill neighborhood sold for $3.13 mil ($284.5k/unit). The 5.8k sf property sits on a 7.2k sf lot at 3087 A Street.
The property ...
| Construction Financing Secured for Mixed-Use Project in Denver’s Arts District
Art District Holdings, a Denver-based apartment developer, has secured $26 mil in construction financing for the development of an eight-story apartment and retail building in Denver’s Arts District. The funds were provided b...
| Lion Real Estate Group and Marble Partners Close 369-Unit Multifamily Buy in Texas
A partnership between Lion Real Estate Group and Marble Partners has acquired Array Apartments, a 369-unit multifamily property in Austin, TX. The property, located at 2101 Burton Dr, was sold by Castle Lanterra Properties, i...
| Pathfinder Partners Spends $29 Mil on Sacramento-Area Value-Add Res Buy
Rosemont Park, a 170-unit, Sacramento-area apartment community, was acquired by Pathfinder Partners for $28.8 mil, or $169.4k/unit. The property is located at 9190 Schmuckley Dr, near the center of downtown Rosemont.
| New Standard Equities Spends $60 Mil on 170 Res Units in the Bay Area
New Standard Equities has acquired a 170-unit multifamily property in Fremont for $60 mil, or about $353k/unit. The deal closed at a 4.41% cap rate on in-place income.
The garden-style community is situated on one parcel at ...
| Upscale Residential Community in Vista has Been Completed
Construction is now complete on Breeze Hill Apartments – a fully amenitized, 88-unit luxury multifamily community in Vista. The rental community, owned and developed by a partnership of San Diego-based Pathfinders Partners an...
| Phoenix Area Res Community Trades Hands for $110 Mil
Biscayne Bay, a 512-unit res community in Chandler, AZ, was acquired for $110.25 mil ($215.3k/unit) by San Diego-based MG Properties. The Phoenix-area asset was sold by Everest Holdings.
Located at 300 E. Warner Rd, Biscayne...
| Advanced Real Estate Services Inc Buys 235-Unit Multifamily Property in Long Beach
Advanced Real Estate Services Inc (ARES) has acquired a 235-unit apartment building in Long Beach. The property, Alvista Long Beach” is located at 1718 Ximeno Ave, in the “Traffic Circle” area near California State Universit...
| Decron Properties Closes $79 Mil Multifamily Buy in the San Fernando Valley
Decron Properties has made its first investment in Los Angeles County since 2010 by acquiring Alura, a 250-unit multifamily property in Woodland Hills, for $79 mil ($316k/unit).
Built in 1977, Alura offers a mix of studio, ...