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• Windy Hill Property Ventures and Rockwood Capital Pick Up San Jose Res Asset in $83.5 Mil Deal
7/06/23
A joint venture of Windy Hill Property Ventures and Rockwood Capital has acquired Vespaio, a 162-unit Class A multifamily community located in a highly amenitized area in central San José, for $83.5 mil ($515k/unit).
Located...
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• 330-Unit AZ Multifamily Community Trades Hands
7/05/23
The Aston Scottsdale, a 330-unit property in Scottsdale, AZ, was acquired by The Connor Group for an undisclosed amount. The luxury property, located at 8688 East Raintree Dr, was sold by Wood Partners.
Previously known as A...
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• Goodman North America Acquires Desirable 29-Acre Industrial Property in the City of Vernon
6/30/23
Goodman North America has acquired a 29-acre industrial infill site in the city of Vernon, a coveted, mid-cities location for industrial real estate in the L.A. Currently, the property comprises one of Southern California's l...
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• CapRock Partners Picks Up Three-Acre Industrial Outdoor Property in Pico Rivera
6/30/23
CapRock Partners acquired Olive Tree Industrial, a 3.1-acre value-add industrial outdoor storage (IOS) property in Pico Rivera. The property includes approximately 31k sf of warehouse space and a large, secured storage yard—a...
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• Watermarke Properties Spends $36 Mil on Santa Ana Covered Land Play
6/29/23
Watermarke Properties acquired 200 and 201 E. Sandpointe, an 8.3-acre covered land buy viewed as a multifamily redevelopment opportunity in Santa Ana. The property, which currently includes a two-building, eight-story office ...
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• Phase One Work completed at 688k sf Mixed-User in L.A.’s Koreatown Neighborhood
6/29/23
Phase One work has been completed at The Rise Koreatown, a 688k sf, seven-story mixed-use residential and retail project located at 3525 W 8th St, in the heart of L.A.’s Koreatown neighborhood. Phase one completion concludes ...
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• Gantry Arranges $30 Mil in Two Recent Apartment Financing Deals
6/28/23
Here’s news of a couple of apartment financing deals, both arranged by Gantry. The deals – an acquisition loan in Tempe, AZ and a refi in Auburn, WA -- total $29.8 mil.
The larger transaction was a $17.7 mil acquisition loan...
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• Phoenix Res Community trades in $29.5 Mil Deal
6/28/23
Avalon, a fully renovated, 117-unit multifamily community in Phoenix, was acquired by CS Large Cities Housing Fund LP in a $29.5 mil ($252k/unit) transaction. The property is located at 3851 N 28th St.
The property consists ...
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• Prime Residential Lands $947 Mil Refi on L.A.’s Park La Brea Res Complex
6/27/23
Prime Residential has secured a $947 mil refi loan on Los Angeles’ historic Park La Brea, the largest apartment community on the West Coast. The financing, arranged by Newmark, is to retire existing debt. Freddie Mac expects...
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• Prologis to Acquire 14 msf of Industrial Properties from Blackstone Entity
6/27/23
Prologis has reached an agreement to acquire nearly 14 msf of industrial properties from opportunistic real estate funds affiliated with Blackstone for $3.1 bil, funded by cash. The acquisition price represents an approximate...
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• Avanath Capital Management Closes $19 Mil Purchase of West Sacramento Affordable Senior Housing Community
6/26/23
Avanath Capital Management LLC has acquired Rivers Senior, a 120-unit affordable senior housing community located at 705 Dorothy Adamo Lane in West Sacramento, for a total consideration of $19 mil ($158k/unit) in an off-marke...
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• MBK Rental Living Buys Thousand Oaks Site for New Res Development
6/26/23
MBK Rental Living has acquired a 7.1-acre site in Thousand Oaks for the development of a new, 218-unit luxury multifamily community. MBK is partnering on their first apartment joint venture with Prime Life Technologies Corpor...
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• Dekel Capital Introduces Multifamily Credit Platform
6/23/23
Dekel Capital has launched a new credit platform offering multifamily owners and investors mezzanine and preferred equity capital between $2 mil and $10 mil for the acquisition and refinancing of assets throughout the United ...
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• Fifield Companies Spends $20 Mil on TX Development Opportunity
6/22/23
Chicago-based Fifield Companies paid $20 mil for 3515 Brown Street, a 1.6-acre property in the high-value submarket of Uptown/Turtle Creek in Dallas, TX. The 26-unit Wimbledon Place Condominiums property, built in 1973, is cu...
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• Huntington Beach Retail Center Sells for $29 Mil
6/21/23
In a recent OC retail trade, Adams Marketplace, a 65.1k sf, top-performing, grocery-anchored center located within coastal Orange County in Huntington Beach, traded for $29 mil ($445/sf).
Built in 1974 and renovated in 2022...
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• BH Properties Buys 60-Acre Holy Names University Campus in Oakland
6/20/23
BH Properties has purchased the 60-acre campus of Holy Names University in Oakland for $65 mil. The recently vacated campus consists of 15 buildings that include a performing arts center, chapel, library, gym, classrooms and ...
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• Century City Office Property Reaches 100% Leased
6/16/23
New lease signings with a multinational law firm, CBRE, and Tilt Coffee Bar have brought the iconic 2000 Avenue of the Stars office property in Century City to 100% leased. 2000 Avenue of the Stars is part of the Century Park...
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• The McBride Cohen Company Secures $385 Mil in Debt and Equity for Construction of AZ Mixed-Use Project
6/14/23
The McBride Cohen Company has secured $385 mil in debt and equity for the construction of South Pier at Tempe Town Lake Phase I, a 737.6k sf, waterfront, trophy mixed-use project in Tempe, AZ. The development will include 724...
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• 910-Unit Mixed-Use Community at Site of Former Radio Station Towers in L.A. Opens to Public
6/14/23
VOX at Cumulus, a 14-acre mixed-use community in the heart of Los Angeles on the site of the former Cumulus radio station towers, has officially opened to the public. The work-live-play development known as the Cumulus Distri...
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• CapRock Partners Picks Up 22-Acre Site in Moreno Valley for 500k sf Warehouse Development
6/13/23
CapRock Partners acquired a 22.1-acre parcel within the World Logistics Center masterplan in Moreno Valley for the development of CapRock Global Logistics, a new 500k sf, LEED-certified industrial warehouse. CapRock purchased...
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