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September 25, 2020
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MULTIFAMILY HEADLINES
EAH Housing Buys Downtown Sacramento Property for Residential Redevelopment Project
9/25/20
Firm to build 140-unit affordable housing development on the 1.27-acre site

City of Huntington Beach Buys Dev Site for Low-Income Housing
9/25/20
Land is currently being used as a temporary homeless shelter

Graceada Partners Spends $23 Mil on Sacramento Multifamily Property
9/24/20
Westlake Apartments consists of 148 res units

Gelt Inc Makes $30 Mil OR Res Buy
9/23/20
Firm acquires 164-unit Silverwood Apartments in Gresham

San Jose Mobile Home Community Lands $52 Mil Fannie Mae Refi Loan
9/23/20
Greystone arranges money on Chateau La Salle property

Pacific Heritage Communities Locks Up $54 Mil in Permanent Financing on New Ventura Res Community
9/22/20
George Smith Partners arranges loan on 173-unit Parklands Apartments

Apartment Property in North Hollywood Trades for $194k/Unit
9/22/20
Local investor pays $3.5 mil for 18-unit Vanowen Collection

R&V Management Buys 129-Res Property in San Diego’s Downtown Area
9/21/20
Purchase of AV8 financed with $43 mil loan arranged by CBRE

Sunrise Management Awarded Management Assignment for Historic San Diego Mixed-Use Properties
9/21/20
Park + Polk and The Fort were acquired by A.L. Group for $45 Mil earlier this summer

New Multifamily Development in L.A.’s Sawtelle Japantown Neighborhood is Fully Leased
9/21/20
88-unit The SW is a development of California Landmark Group

Treehouse Communities Venture Lands $46 Mil in Financing on Manufactured Housing Portfolio
9/18/20
JLL arranges money on 17 assets located within the Phoenix and Tucson areas

Santa Monica Apartment Building Sells at $420k/Unit
9/18/20
15-unit Washington Place was constructed in 1960

Long Beach Multifamily Sales Volume Down 50% for the First Half of 2020 Compared to 2019
9/17/20
Kidder Mathews shares analysis of the market downturn

Newest Res Project at Sudberry’s Civita Campus in Mission Valley is Completed
9/16/20
Purl offers 434 apartments over street-level retail space

Multifamily Property Covering an Entire Block in Compton Sells for $11.5 Mil
9/14/20
Asset consists of 11 six-unit buildings on nine contiguous lots

Buchanan Street Partners Closes on 276-Unit Res Buy in Colorado
9/14/20
Firm picks up The Vibe in Fort Collins for $74 mil

Advanced Real Estate Services Secures $240 Mil in Refi Money on Six SoCal Multifamily Assets
9/14/20
NorthMarq Capital arranges new Fannie Mae and Freddie Mac loans

Carson Multifamily Community Opens to the Public
9/11/20
300-unit Evolve South Bay is a development of MBK Rental Living

Brandywine Homes Buys OC Dev Site
9/11/20
Firm to build 26 townhomes on 1.3-acre parcel in Placentia

Low Income Housing Complex in Needles Trades for $28k per Unit
9/11/20
Deal is for 81-unit River Garden Apartments

Work Started on 276-Unit AZ Res Community
9/10/20
Springs at Cooley Station is being built by Continental Properties and McShane Construction Company

Freddie Mac Auctioning $534 Mil of Seasoned Non-Performing Residential First Lien Loans
9/09/20
Loans are being marketed through five pools, with bids due in October

Lowe Property Group Breaks Ground on 284k sf Mixed-Use Project in Downtown Salt Lake City
9/09/20
6th & Main designed by MVE + Partners

North Hollywood Apartment Comp Comes in at $219k/Unit
9/07/20
Investor pays $3.5 mil for 16-unit property

Bold Partners Acquires Value-Add Res Property in West Hollywood for $378k/Unit
9/04/20
Eight-unit property is in a desirable location close to Melrose Ave and the Sunset Strip

NoCal Multifamily Community Trades for $78.5k/Unit
9/04/20
184-unit Spring Mountain located in Corning

OC Res Property Goes for $184k/Unit
9/02/20
Exchange investor pays $4.4 mil for The Standard Apartments in Santa Ana

MG Properties Group Picks Up 179-Unit WA Res Asset
9/02/20
$51 mil purchase is of Hearth Apartment Homes in Vancouver



 


 


 


 
 





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