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June 25, 2024
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MULTIFAMILY NEWS
Archive
1  ...  49  | 50  | 51  | 52  | 53  |  54  | 55  | 56  | 57  | 58  ...  340
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• Glencrest Group Pays $45 Mil for Washington Residential Community
7/06/21
San Francisco-based Glencrest Group acquired Salish Flats, a 216-unit, garden-style multifamily community in Airway Heights, WA, for $45 mil ($208.3k/unit). The property was sold by TWG Development. Salish Flats is located a...
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• Tides Equities Spends $30 Mil on AZ Multifamily Asset
7/06/21
Tides Equities has closed on the acquisition of IVilla Garden Apartments, a 214-unit multifamily project in Phoenix, for $30 mil, or $140.2k/unit. The property was sold by Tower 16, who bought the asset in February 2020 for $...
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• Multifamily Property in La Mesa Fetches Nearly $300k/Unit
7/02/21
ADC Real Estate Group paid $22.25 mil for Trolley Palm, a 75-unit ($297k/unit), garden-style apartment community in La Mesa. The property was sold by L5 Odyssey Management LLC. Trolley Palm is situated on 3.59 acres at 4302 ...
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• Sylmar Apartment Property Trades at Record $309/sf for the Area
7/02/21
Astoria Oaks, a 29-unit apartment property in Sylmar, traded hands for $6.4 mil, or $220.7k/unit. The property is located at 13983 Astoria St, on the southwest side of Foothill Blvd and the 210 Fwy. Built in 1979, the three-...
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• Apartment Property in San Diego’s Nestor Area Sells for $290k per Unit
7/01/21
In a recent apartment sales comp from the San Diego region, a 19-unit property in the Nestor area traded for $5.5 mil, or $290k per unit. The 18.2k sf property is situated on a 57k sf lot located at 2320-2328 Grove Ave and 1...
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• MG Properties Group Picks Up 324-Unit OR Res Community
6/30/21
MG Properties Group has acquired Zera at Reed's Crossing, a 324-unit, garden-style community located at 7001 SE Blanton St in Hillsboro, OR. Completed this year, the property is MG’s tenth asset in the Portland market. Sinc...
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• Kennedy Wilson Launches $1.5 Bil Multifamily Platform With Global Institutional Investor
6/30/21
Kennedy Wilson has entered into a new joint venture with a global institutional investor to acquire and manage core-plus multifamily communities in the Western U.S. The platform was seeded with an $800 mil portfolio, includi...
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• Rescore Property Corporation’s 560k sf Mixed-User in Hollywood has Been Completed
6/29/21
Rescore Property Corporation has completed work on The Rise, a 561.6k sf, seven-story mixed-use residential and creative office project located at 1331 North Cahuenga Blvd in the heart of Hollywood. The project, consisting of...
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• Investor Exchanges into $68 Mil of Bay Area Assets
6/29/21
A local private investor spent $68.25 mil on three acquisitions in the Bay Area. The purchases include a 65.8k sf self-storage facility in Sunnyvale, a 100-unit apartment community also in Sunnyvale, and a 38-unit apartment c...
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• IHP Partners and Berkeley Homes Team Up to Develop 160-unit CO Home Community
6/28/21
IHP Partners and Berkeley Homes have formed a joint venture in the acquisition and development of a new three-story detached, single-family home community within the Baseline master plan in Broomfield, CO. The JV has broken g...
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• Renovated Long Beach Apartment Building Sells for $368k per Unit
6/28/21
A newly renovated, 11-unit apartment property in Long Beach’s Fourth Street / Retro Row neighborhood sold for $4.05 mil, or $368k per unit. Built in 1948, the property is located at 2104 E. Florida, just east of Cherry Ave be...
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• Trion Properties Launches Its Third Multifamily Investment Fund
6/25/21
Trion Properties has announced the launch of Trion Multifamily Opportunity Fund III LLC, its third investment fund vehicle. The fund, which will target $75 mil in equity to deliver $175-200 mil in buying power, will primarily...
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• Community Housing Opportunities Corporation Awarded $22.6 Mil to Build Affordable Housing in Coachella
6/25/21
Community Housing Opportunities Corporation (CHOC), a non-profit affordable housing developer, has been awarded $22.6 mil of financing to begin construction of the Coachella Valley Apartments, which will bring new affordable ...
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• Kennedy Wilson Entities Acquire Three Res Properties and an Opportunity Zone Dev Site in Idaho
6/24/21
Kennedy Wilson has acquired, in separate transactions, three existing apartment communities totaling 640 units for $143 mil, along with an Opportunity Zone development site that is fully entitled for 240 units in the Boise, I...
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• FPA Multifamily Closes 234-Unit Res Buy in Alpine, CA
6/23/21
A two-property, 234-unit multifamily portfolio in Alpine, CA sold for $54.1 mil ($231.2k/unit). The assets, Elán Summit at Alpine and Meadow Woods at Alpine, were sold by Property West Residential. The buyer was FPA Multifami...
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• Built Development Finances Newly Constructed San Diego Res Project with $24.5 Mil Loan
6/22/21
Built Development has secured a $24.5 mil in financing for Cielo, a Class A, mid-rise multi-housing property located in downtown San Diego’s Little Italy neighborhood. Built acquired the land in 2014 and, upon receiving entit...
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• Long Beach Apartment Building Fetches $443k per Unit
6/22/21
A six-unit apartment property in Long Beach’s Belmont Heights neighborhood traded for $2.66 mil, or $443k per unit. The property is located at 4108 E. Broadway, north of Livingston Dr and west of Ximeno Ave. Built in 1923, t...
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• One Paseo Mixed-User in San Diego Wins Top Honors at Gold Nugget Awards
6/22/21
TCA Architects won top honors at this year’s Gold Nugget Awards for One Paseo, a recently completed mixed-use project located in the Del Mar Heights neighborhood of San Diego. The project won in the category of Best Mixed-Us...
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• Bridge Partners Closes on $111 Mil Res Buy in the Sacramento Area
6/21/21
Bridge Partners has acquired Harvest at Fiddyment Ranch, a 300-unit multifamily community in the Sacramento-area city of Roseville, for $111 mil ($370k/unit). The property was sold by USA Properties Fund, out of Roseville. L...
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• Investor Exchanges into $13.7 Mil OC Res Buy
6/21/21
Islandia Apartments, a 46-unit apartment building in Westminster, was purchased for $13.7 mil ($298k/unit) by a private family partnership as part of a 1031 exchange. The property, located at 7152 Fenway Dr, features five s...
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