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April 17, 2024
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MULTIFAMILY NEWS
Archive
1  | 2  | 3  | 4  | 5  |  6  | 7  | 8  | 9  | 10  ...  336
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• Hines and MBK Rental Living Get Started on Luxury Res Community in Colorado Springs, CO
11/10/23
Hines and MBK Rental Living plan to develop a Class A, for-rent residential community in the Briargate neighborhood of Colorado Springs, CO. The project, Retreat at Mountainside, will be comprised of 284 residences across mul...
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• Inland Empire Multifamily Works Out to $182k/Unit
11/09/23
In an Inland Empire multifamily comp, Bevia Apartments, a 48-unit property in Moreno Valley, traded for $8.72 mil ($182k/unit). The property is located at 13260 Heacock St, on the southeast corner with Dracaea Ave. The comm...
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• West Covina Apartment Property Trades for $40 Mil
11/09/23
Sunset Square, a 140-unit multifamily property in West Covina, was acquired by B.A.G. Investments Inc in a $40 mil ($286k/unit) transaction. Built in 1964 and renovated in 2015, the four-building property is located at 745 N....
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• Apartment Property in Old Town Torrance Goes for $437k/Unit
11/09/23
A private, 1031 exchange investor purchased an 11-unit multifamily community in Torrance for $4.81 mil, or $437k/unit. Located at 1751 Cabrillo Ave in the desirable Old Town Torrance neighborhood, the property sits on over ...
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• Garden Grove Multifamily Property Sells for $287k/Unit
11/07/23
A 10-unit multifamily property in Garden Grove sold for $2.875 mil, or $287.5k/unit. This marks the first time the property was listed for sale in over 60 years. Located at 11821 Stuart Drive, this two-story apartment buildi...
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• Freedom West Homes Corporation Secures $27 Mil in Funding Commitments for Housing for People of Color in San Francisco
11/06/23
Freedom West Homes Corporation, a nonprofit limited equity housing co-operative in the Fillmore District of San Francisco, has secured $27 mil in funding commitments to-date to catalyze its revitalization providing low-income...
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• MG Properties Wraps up $95 Mil Denver Multifamily Buy
11/06/23
MG Properties recently acquired 4400 Syracuse Apartments, a newly built, 316-unit luxury midrise community located in one of Denverís most desirable, dynamic, and growing submarkets, in a $95 mil ($300k/unit) transaction. Th...
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• MVE + Partners Takes Home Multiple Design Awards from American Institute of Architects (AIA)
11/02/23
MVE + Partners, a leading architecture, design and planning firm, received three coveted awards this week from the American Institute of Architects from both the Orange County (AIAOC) and Utah chapters. Recognized for their...
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• San Fernando Valley Res Community Sale Goes for $106 Mil
11/01/23
Summerset Village, a 280-unit multifamily property situated in the foothills of the Santa Susana Mountains, sold for $106.65 mil, or $381k/unit. The property is located at 11450 Poema Pl, just north of the 118 Fwy at Topanga ...
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• Dominium Finishes One Phoenix Housing Project While Breaking Ground on Two Others
10/30/23
Dominium has been busy with three housing projects in Phoenix. The firm held a grand opening of 308 units of affordable housing for working families in South Phoenix on October 24 and broke ground on 657 units of both family ...
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• Milhaus and Banyan Residential to Build 320-Unit Phoenix Multifamily Project
10/30/23
Milhaus and Banyan Residential are set to move forward with a new 320-unit residential development in Phoenix. The project, Alanna, will be built with design-assist construction services from McShane Construction Company. Lo...
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• Res Community in L.A.ís Playa Vista Area Lands New Loan of $115 Mil
10/27/23
Barings Real Estate has obtained $115 mil in financing for The Ventana Luxury Apartments, a 405-unit, low-rise multi-housing community located in the master-planned community of Playa Vista. The Ventana was originally constr...
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• Pomona Res Community Sells in $35 Mil Transaction
10/26/23
Terramonte at Foothill, a 138-unit apartment property at the very eastern edge of L.A. County, in Pomona, traded for $35.5 mil, or $257.2k/unit. The property is located at 150 W. Foothill Blvd, just west of Garey Ave and sou...
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• Community Preservation Partners and The Hampstead Companies Pick Up 112-Unit Multifamily Property in Layton, UT
10/25/23
CPP (Community Preservation Partners), in a venture with The Hampstead Companies, purchased Skyline View Apartments, a 112-unit multifamily property in Layton, UT. Skyline View Apartments is comprised of eight two-story...
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• Bakersfield Multifamily Property Traded in a Deal that Works Out to $139k/Unit
10/25/23
Cedar Oaks Apartments, a 98-unit multifamily community in Bakersfield, was sold in a recent $13.6 mil ($138.8k/unit) transaction. According to CoStar, this sale represents the 2nd largest transaction this year in Bakersfield....
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• Green Leaf Capital Partners Buys 141-Unit Res Community in North Portland
10/25/23
Green Leaf Capital Partners has acquired The Perch PDX, a 141-unit, newly constructed, luxury, transit-oriented multi-housing community located in the highly sought-after Overlook neighborhood of North Portland, OR. It was so...
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• Apartment Property in L.A.ís Silver Lake Neighborhood Sells for $573k/Unit
10/24/23
A 21-unit multifamily property in L.A.ís Silver Lake neighborhood traded for $12.05 mil, or $573.8k sf/unit. The property is located at 1185 Myra Ave, a block north of the confluence of Santa Monica and Sunset Blvds. Located...
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• Laguna Beach Apartment Building Sells for $384k/Unit
10/24/23
An eight-unit multifamily community in Laguna Beach was purchased by an Orange County-based private investor for $3.075 mil, representing a sale price of $908 per square foot and $384.4k/unit. The apartment building is locate...
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• Cityview Wraps Up Work on 123-Unit Res Project in L.A.ís Pico-Robertson Area
10/20/23
Cityview has completed The Parker Ė a 123-unit mixed-use project in the Pico-Robertson community of West Los Angeles. Now welcoming residents, the transit-oriented community is built to LEED Silver standards and features stud...
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• San Fernando Valley Apartment Property Sells for $337k/Unit
10/20/23
A private investor paid $6.75 mil for a 20-unit ($337.5k/unit) apartment property in the San Fernando Valley community of Valley Glen. The property is located at 13426 Vanowen St, between Woodman and Fulton Aves. Constructed...
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