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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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• Two O.C. Multifamily Properties trade Between Private Investors in Deals Worth Over $12 Mil
6/27/23
Two Orange County multifamily apartment communities traded hands between private investors in separate transactions totaling $12.12 mil. The assets, located in Anaheim and Costa Mesa, have a combined 38 units.
In one of the ...
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• Hawthorne Redevelopment Sells for $21 Mil
6/27/23
Intracorp Homes paid $21 mil for a 3.82-acre redevelopment site in Torrance. The company plans on redeveloping the site, located at 22501 Hawthorne Blvd, into a luxury mixed-use project to include 17 affordable residential un...
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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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• San Diego Apartment Building Sells for $200k/Unit
6/26/23
The Bella Affordable Housing Foundation of Rancho Santa Fe purchased a 13-unit multifamily property in San Diego for $2.6 mil ($200k/unit). The property, located at 4230 44th St, was sold by the Lewis-Stein Trust of La Mesa.
...
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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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• Anaheim Apartment Property Sells for $421k/Unit
6/22/23
A 14-unit multifamily community in Anaheim was acquired by a private investor for $5.9 mil ($421k/unit), marking one of the highest prices per unit sale in the city of Anaheim.
The property, located at 129 S. Olive St, sit...
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• Seller Collects $70 Mil from Disposition of Three Silicon Valley Apartment Properties to Different Buyers
6/21/23
Three value-add, garden-style multi-housing assets in Silicon Valley were traded to separate buyers in deals totaling roughly $70 mil. The properties were sold by a single investor and consisted of the 72-unit Appletree in Ca...
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• Private Investor Picks Up 30-Unit Res Property in Westminster
6/20/23
A private investor paid $10 mil for a 30-unit ($333k/unit) multifamily community in Westminster. The property, Courtyard Apartments at La Pat Place, is located at 13872 La Pat Place, north of Westminster Blvd on the east side...
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• Res/Retail Building in Rose Park Neighborhood of Long Beach Trades for $225k/Unit
6/16/23
A 10-unit apartment/retail property in the Rose Park Neighborhood of Long Beach traded hands in a recent deal for $2.25 mil. The property is located at 3032 E. 7th St, just west of Redondo Ave.
Built in 1962, the property i...
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• Modesto Multifamily Property Trades in $25 Mil Deal
6/15/23
Trails at 2112 Apartments, a turnkey 97-unit multifamily community in the CA Central Valley city of Modesto, was purchased by a west coast-based private investment entity in a recent $25.2 mil ($260k/unit) transaction. The pr...
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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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• Landmark Companies Lands $45 Mil for TX Res Development
6/14/23
Landmark Companies has secured $45 mil in construction financing for Arden at Corinth, a 296-unit multifamily project in Corinth, TX. The total project cost is $63.3 mil.
The project, a ground-up, Class A res development co...
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• Empire Group Obtains $120 Mil in Financing on Two AZ Build-to-Rent Projects
6/08/23
Scottsdale, AZ-based Empire Group has secured $120.5 mil in financing for two Build-to-Rent (BTR) communities in the Phoenix market. The lease-up bridge and construction financing is for the newly developed Village at Pioneer...
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• Two CA Central Valley Res Properties Sell in Deals Worth $15.6 Mil
6/07/23
The Mogharebi Group (TMG) has successfully secured the sale of two Central Valley multifamily communities totaling 102 units in separate transactions valued at $15.6 million combined.
Here’s the scoop on two multifamily deal...
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• Rockefeller Group Acquires Two Res Development Sites in Arizona
6/07/23
Rockefeller Group has acquired two sites for the development of 152 build-to-rent townhomes. The two sites, approximately 1.75 miles apart, total 16.5 acres and are located in Phoenix’s booming South Mountain corridor. Ground...
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