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December 16, 2019
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MULTIFAMILY HEADLINES
Wiseman Residential Pays $13.75 Mil for Entitled Multifamily Dev Site in West Los Angeles
12/16/19
BLT Enterprises sells land for 119-unit res project

Hines to Break Ground on Luxury Multifamily Development in Phoenix
12/16/19
Adeline to offer 379 units in city’s downtown area



Res Asset in San Diego’s UTC Submarket Goes for $375k/Unit
12/16/19
60-unit La Jolla Park West fetches $22.5 mil

Vibrant Cities Obtains $43.5 Mil for Construction of Seattle Luxury Res Project
12/13/19
JLL arranges money for 40-unit Infinity Shore Club Residences in city’s Alki Beach neighborhood

Seattle Development Site Goes for $261/sf for Land Value
12/12/19
12k sf site zoned for buildings up to 55’ in Height

APPA Real Estate Buys Development Site in East Pasadena
12/12/19
Land was sold by Bolour Associates for $8.5 mil

Long Beach Multifamily Asset Sells for $365k/Unit
12/11/19
12-unit property located in city’s Alamitos Beach neighborhood

Rise Properties Trust and Cigna Investment Management Pick Up 131-Unit Seattle Res Asset
12/11/19
Mesa West Capital provides partnership with $52 mil in financing for purchase and repositioning of Joseph Arnold Lofts

Republic Urban Properties Obtains $335 Mil in Financing for Bay Area T.O.D. Project
12/10/19
JLL arranges joint venture equity and a construction loan for Gateway at Millbrae Station

Mountain View Res Property Trades for $686k/Unit
12/10/19
Private investor spends $40 mil on 59-unit asset

Acquisition of Downtown San Diego Development Site Funded with $7 Mil Loan
12/09/19
Money was provided by Parkview Financial and will also go towards start of construction

Buena Park Multifamily Comp Closes at $288k/Unit
12/06/19
$8 mil deal is for 28-unit Knott Townhouses

Trion Properties Spends $26 Mil on 162 Res Units in the Portland Area
12/06/19
Firm buys three multifamily properties in Aloha, Beaverton and Tigard

Commercial Real Estate Financing Briefs
12/06/19
Recent transactions from Berkadia, Sonnenblick-Eichner Company, NorthMarq Capital and Max Benjamin Partners

Mixed-Use Asset in San Diego Purchased for $5.5 Mil by Midwest Investment Properties
12/05/19
12.4k sf retail and residential property is located in city’s South Park neighborhood

Silicon Valley Res Development Trades for $292 Mil
12/05/19
Brookfield Property Group buys The Village Residences in Mountain View



 


 


 


 
 





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