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September 15, 2019
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MULTIFAMILY NEWS
Archive
1  | 2  | 3  | 4  |  5  | 6  | 7  | 8  | 9  | 10  ...  251
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• Placentia Multifamily Community Goes for $258k/Unit
7/03/19
A 12-unit multifamily community in Placentia sold for $2.9 mil, or about $258k per unit. Located at 911 Cypress Ave, the 9.2k sf property consists of 12 single-story cottages on a lot just under one-acre in size. Each unit ...
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• AZ Res Property Trades for $30 Mil
7/02/19
Ridge View, a 150-unit luxury apartment community in Fountain Hills, AZ, was acquired by an entity formed by San Francisco-based FPA Multifamily LLC for $30.3 mil, or $202k/unit. The property was sold by San Francisco-based 2...
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• Apartment Building in Hollywood’s Media District Sells for Near $300k/Unit
7/01/19
An eight-unit apartment property in the heart of Hollywood’s Media District traded hands for $2.37 mil ($296k/unit). The property is located at 842 Wilcox Ave, west of Vine St about midway between Santa Monica Blvd and Melros...
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• Concord Pacific Spends $60 Mil on 40k sf Development Site in Downtown Seattle
7/01/19
Concord Pacific has purchased a 38.9k sf, half-block in downtown Seattle, adjacent to Amazon’s headquarters, for a mixed-use multifamily development. Concord Pacific, the largest master-planned urban community builder in Cana...
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• Oakland Multifamily Traded in $14 Mil Transaction
6/28/19
Vermont Apartments, a 44-unit multifamily property in the heart of Oakland's Grand Lake neighborhood, sold for $14 mil, or $318k/unit, in an all-cash deal. The seller was as investor in a 1031 exchange deal. Constructed in 1...
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• Seattle Mixed-Use Project Receives $31 Mil in Construction Money
6/28/19
Vibrant Cities has obtained $31.3 mil in construction financing for the development of Pivot, a mixed-use residential, office and retail property in Seattle’s Capitol Hill neighborhood. The borrower acquired the development s...
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• Jamison Properties Buys West L.A. Development Site
6/27/19
Jamison Properties paid $16 mil for a residential development site in the heart of West Los Angeles. The 0.65-acre site is located 11600 Santa Monica Blvd, at the intersection with Federal Ave. The site is suitable for appro...
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• Santa Monica Apartment Sale at $600k/Unit Viewed as a Value-Add Deal
6/27/19
A 14-unit apartment property in Santa Monica sold for $8.5 mil, or $607k/unit. The property, which was 85% occupied at the time of sale, is located at 833 20th St, near the cross street of prestigious Montana Ave, a favorite ...
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• San Diego Apartment Sale Comp Comes in at $368k/Unit
6/26/19
The Madrid, a 19-unit apartment community located at 1530 Chalcedony in San Diego, sold for $7 mil, or $368.4k/unit. The building includes a mix of large one-bedroom and two-bedroom, two-bath floor plans. It is located in t...
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• Investor Pays $285k/Unit for West Valley Apartment Property
6/26/19
Park Regency, a two-story 44-unit apartment property in the western San Fernando Valley community of Winnetka, sold for $12.55 mil, or $285k/unit. The property is located at 7500 Mason Ave, north of Sherman Way between De Sot...
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• Glendale Apartment Property Trades for $400k/Unit
6/25/19
A 19-unit multifamily community in Glendale sold for $7.6 mil ($400k/unit). Constructed in 1987, the 18.9k sf property sits on a 15k sf lot at 714 E. Acacia Ave. The unit mix consists of all two-bedroom/two-bathroom apartme...
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• JRK Property Holdings Buys 240-Unit Res Property in the Seattle Area
6/25/19
JRK Property Holdings purchased Santa Fe Ridge Apartments, a 240-unit, garden-style multifamily property in Silverdale, WA, about 24 miles northwest of Seattle. The property, acquired in an off-market deal, boosts JRK’s portf...
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• Sterling Real Estate Partners Closes $20 Mil Res Buy in Phoenix
6/24/19
Sterling Real Estate Partners has acquired Villas de Azul Apartments, a 301-unit multifamily property in Phoenix, for $19.8 mil, or $66k/unit. Built in 1972, the property is located at 2627 N. 45th Ave, north of I-10 and wes...
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• Santa Monica Apartment Building Sells for $450k/Unit
6/24/19
A 10-unit apartment property in Santa Monica’s prime Wilshire-Montana neighborhood sold for $4.5 mil, or $450k/unit. The building is located at 829 Euclid St, Just a few doors south of Montana Ave. John Swartz and Josh Kapla...
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• Sudberry Properties Starts Work on Scripps Ranch Mixed-Use Redevelopment Project
6/21/19
Sudberry Properties has commenced construction on The Hub at Scripps Ranch, a mixed-use redevelopment project on 9.52 acres. The development is located at 9850 Carroll Canyon Rd, just east of I-15, at the gateway to Scripps R...
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• Canadian Investment Entity Pays $25 Mil for Phoenix Multifamily Property
6/21/19
The Colony, a 236-unit res property in Phoenix, sold for $25.1 mil, or $106.4k/unit. The buyer was WREF Colony LP, an entity formed by Western Wealth Capital of North Vancouver B.C., Canada. Built in 1979, The Colony is loca...
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• Lennar Homes Buys Five-Acre Infill Site in Arcadia for Redevelopment
6/20/19
Lennar Homes has acquired a 4.9-acre redevelopment property in Arcadia with plans to construct a mixed-use project that will contain 80 residential units. The property, located at 17 Las Tunas Drive, had previously housed a 5...
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• El Segundo Value-Add Res Property Goes for $312k/Unit
6/20/19
A 16-unit apartment complex in El Segundo was acquired by an unidentified investor for $5 mil ($312.5k/unit). The property is located at 436-440 W. Imperial Ave, just a few blocks inland from Dockweiler Beach and directly sou...
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• Historic Apartment Property in West Hollywood Sells for over $17 Mil
6/20/19
Concord Capital Partners has acquired Casa Real, a 60-unit multifamily property located in the historic Harper District of West Hollywood, for $17.275 mil, or $288k/unit. “We continue to look for well-located assets with a ...
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• Phoenix Res Property Trades for $100k/Unit
6/19/19
Avenue 15 Apartments, a 148-unit apartment complex located at 1609 West Glendale Ave in Phoenix, has sold for $14.725 mil ($99.5k/unit). The buyer was Urban Communities, a real estate development and redevelopment company tha...
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