| Swenson Receives Approval by Santa Cruz City Council for Mixed-Use Development
The Santa Cruz City Council approved an application for entitlements by Swenson on a mixed-use development at 530 Front St in Santa Cruz. The proposed project is located on the corner of Front St and Soquel Ave, the gateway t...
| The Landmark Company Acquires Just Under Five Acres in Upland for Development
The Landmark Company purchased 4.84 acres of land at 1400 E. Arrow Hwy in Upland for $6.5 mil in an all-cash transaction. The company plans to build a single-family residential development on the land, in partnership with Ce...
| 29th Street Capital Picks Up 124-Unit Res Asset in Arizona
29th Street Capital (29SC) acquired Solaire on Scottsdale Apartments, a 124-unit property located in Tempe, AZ. The price was not disclosed.
Developed in 1963, Solaire on Scottsdale is a B- asset positioned in a Class A loca...
| Construction of $400 Mil Downtown San Diego Mixed-Use Project Tops Out
Holland Partner Group, North America Sekisui House and Lowe announced today that they have reached the topping out phase in the development of West, a $400 mil, 37-story mixed-use project located at 1011 Union St in downtown ...
| MG Properties Wraps Up $61 Mil Res Buy in Washington
MG Properties closed on a multifamily buy in the state of Washington, paying $61.6 mil for Artesia Apartments, a 192-unit ($321k/unit) community in Everett. The property is located 11225 19th Ave SE, in the city’s Silver Lake...
| New 580-Unit Multifamily Development Completed in Salt Lake City
Post District Residences, a new 580-unit multifamily development in Salt Lake City, has been completed. Located at 575 South 300 West, the project features state-of-the-art amenities and a prime location.
Post District Resid...
| Long Beach Apartment Building Goes for $275k/Unit
A four-unit apartment building in Long Beach sold for $1.1 mil or $275k per unit. The apartment building, located on a 3k sf corner lot at 801 Atlantic Ave, was built in 1914 and comprises four units, including two three-bedr...
| Recently Completed Washington Multifamily Development Lands $14 Mil Fannie Mae Refi
Kōz on Weaver Road, a 100-unit senior housing community located just outside of downtown Snohomish, WA, was refinanced with a new Fannie Mae DUS® loan for $14 mil. In the transaction, Cushman & Wakefield served as the ex...
| El Cajon Apartment Building Trades for $262k/Unit
A 22-unit apartment building in El Cajon traded hands in a recent $5.775 mil ($262.5k/unit) transaction. Built in 1986, the property is located at 299 Wisconsin Ave, south of I-8 and west of Magnolia Ave in the city’s downtow...
| Thousand Oaks Multifamily Portfolio Hits the Market
A two-property, 399-unit multifamily portfolio in Thousand Oaks has been put on the market. The portfolio includes Los Robles Apartments, a 253-unit property built in 1972 and The Retreat at Thousand Oaks, a 146-unit apartmen...
| Albuquerque Res Community Lands $45 Mil Freddie Mac Refi
Union 505 Apartments, a 572-unit residential community in Albuquerque, NM, was refinanced with a new loan for $45.5 mil. The property is located at 801 Locust Place NE.
The community offers studio, loft, one- and two-bedroom...
| Four Multifamily Properties Trade in Deals Totaling Over $7 Mil
Here’s a quick look at four multifamily transactions totaling $7.215 mil in San Jose that closed during March 2023. The properties have a combined 22 units. The closed transactions consist of:
• 2785 Almaden Road – a five-u...
| Goodyear, AZ Multifamily Property Refinanced with $41.6 Mil Freddie Mac Loan
Lunaire Apartments, a 240-unit res community in Goodyear, AZ, landed new financing of $41.6 mil. The property is located at 949 S. Goodyear Blvd, just south of I-10, within the Phoenix MSA. It is owned by 29th Street Capital....
| Archway Equities Closes $150 Mil Multifamily Buy in the Inland Empire
Archway Equities has acquired The Paseos at Montclair North, a 385-unit multifamily community in the Inland Empire city of Montclair, for $150 mil ($389.6k/unit). We’re told this is the largest multifamily transaction in Sout...
| Davlyn Investments Closes $67 Mil Res Buy in Las Vegas
Davlyn Investments closed on the purchase of Spectrum, a 252-unit, luxury multi-family community in Las Vegas, for $67 mil, or $265.9k/unit. The property was sold by The Bascom Group, who acquired the asset in late 2016 for $...
| Bridge Development Breaks Ground on Senior Housing Project in San Diego’s Little Italy Neighborhood
Bridge Housing has started work on Kettner Crossing, 64-unit senior housing complex in downtown San Diego’s Little Italy neighborhood. The project is expected to reach completion by early 2025 and will serve low-income ...
| San Jose Apartment Property Goes for $252k/Unit
Ranchero Palms, a 61-unit multifamily community in San Jose, traded hands for $15.38 mil, or $252k/unit. The property is located at 1175 Ranchero Way, west of San Tomas Expwy and south of I-280.
Ranchero Palms has 45 one-bed...
| San Bernardino Apartment Portfolio Sells for $152k/Unit
A three-property, 79-unit multifamily portfolio in San Bernardino traded for $12.047 mil, or $152.5k/unit.
The portfolio is located within the South Pointe neighborhood near downtown Loma Linda and is proximate to several u...
| Denver Area Res Asset Lands $65 Mil in New Financing
Promenade Place, a 387-unit, mid-rise multifamily property in Greenwood Village, CO, has landed new financing of $65 mil. The asset, situated in the heart of the thriving Denver Tech Center (“DTC”), is owned by a domestic pen...
| Magma Equities and Macquarie Asset Management Entity Buy 285-Unit TX Multifamily Property
Bardin Greene, a 285-unit garden style multifamily property in the Dallas-Fort Worth Metro city of Arlington, TX, was acquired by Magma Equities and a global real estate fund managed by Macquarie Asset Management. The propert...