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• Legacy Partners and Pacific Life Lock In $106 Mil for Denver Res Tower Project
4/08/22
A Legacy Partners and Pacific Life joint venture has obtained $106 mil in JV equity and construction money for Araceli DTC, a 236-unit res tower development in Denver. The Class A, NGBS Green Certified Gold high-rise is sched...
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• Stillwater Capital Investments Buys 16.6-Acre Development Site in Mesa, AZ
4/08/22
Dallas-based Stillwater Capital Investments acquired a 16.6-acre multifamily development site in Mesa, AZ in an $11.1 mil transaction. Stillwater plans to construct a brand new 373-unit Class A apartment community on the site...
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• Sudberry Properties Nearing Completion on 10-Acre Mixed Development in San Diego’s Scripps Ranch Area
4/07/22
Construction is nearing completion on The Hub at Scripps Ranch, a mixed-use redevelopment project featuring 260 modern luxury apartments with outstanding amenities and 10.7k sf of retail/restaurant space. The 9.52-acre site, ...
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• Veleta Capital LLC and Oaktree Capital Management Team Up for New Lending Platform
4/07/22
Veleta Capital LLC and funds managed by Oaktree Capital Management L.P. have launched a strategic joint venture, Veleta Capital Partners (“VCP”), creating an institutional lending platform for multifamily and commercial real ...
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• Magma Equities and Franklin Templeton Pick Up 281-Unit Multifamily Community in Texas
4/07/22
Magma Equities, in a joint venture with funds managed by Franklin Templeton, has acquired Palencia Apartment Homes, a 281-unit apartment community in north Dallas. The purchase represents Magma’s fourth multifamily investment...
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• Vegas Mixed-User Purchased by 3D Investments LLC in $216 Mil Transaction
4/06/22
Beverly Hills-based 3D Investments LLC acquired Tivoli Village, a 669.4k sf, Class A open-air mixed-use project in Las Vegas, for $216 mil. The purchase includes an additional 8.29-acre development site. The property was sold...
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• New 293-Unit Lakefront Community in Texas Opens Its Doors
4/06/22
880 LYN, a 293-residence, lakefront community in the master-planned community Las Colinas in Irving, TX, has opened its doors. The community is a development of Legacy Partners. It will be managed by ZRS Management.
The tran...
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• Concord Multifamily Asset Lands New Owner in $31.5 Mil Transaction
4/05/22
The Lakes Apartments, a 102-unit apartment community located in the Bay Area city of Concord, traded hands in a recent deal worth $31.5 mil, or $308.8k/unit. Built in 1967, The Lakes is situated on 4.2 acres at 1818, 1819 and...
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• CEDARst Companies To Develop 190-Unit Res Project in San Diego
4/05/22
CEDARst Companies has landed $43.5 mil in construction financing for the development of 4135 Park Blvd, a 190-unit, mid-rise, mixed-use multi-housing project located on the border of the North Park and Hillcrest submarkets in...
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• Serrano Development Group to Build 127-Unit Multifamily Project in Azusa
4/04/22
Serrano Development Group has secured $47 mil in non-recourse construction financing for the development of Lumia Apartments, a 127-unit, market-rate multifamily project in Azusa.
Situated on a 1.2-acre site adjacent to th...
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• Rent-Control Apartment Property in L.A. Goes for $333k / Unit
4/01/22
A 24-unit rent control apartment property in Los Angeles traded hands in a recent transaction worth $8 mil, or $333k per unit. The property is located at 1820 El Cerrito Place, on a tree-lined residential street just north o...
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• Glendale Multifamily Community Acquired for $80 Mil by a Public-Private Partnership Between CSCDA and BLVD
3/31/22
Towne at Glendale, a 126-unit multifamily community in Glendale, was acquired by a public-private partnership of CSCDA Community Improvement Authority (CSCDA) and BLVD Impact Housing (BLVD), for $79.7 mil ($630k/unit). The pr...
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• The Vernon Group to Start Work on 167-Unit Res Project in Santa Maria
3/31/22
The Vernon Group has secured $34.8 mil in financing for the construction of the 167-unit Elements Apartments in Santa Maria, CA. The loan was provided by Thorofare Capital Inc.
Elements boasts a transit-oriented location, wi...
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• Fairfield Spends $106 Mil on Downtown San Diego Res Community
3/30/22
In a recent, $106 mil San Diego multifamily trade, Fairfield purchased IDEA1, a 295-unit ($359.3k/unit), award-winning, Class A, mid-rise multi-housing community in downtown. The property, located in the East Village neighbor...
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• 160-Bed West L.A. Student Housing Community Trades
3/30/22
An LA area-based company purchased Studio 11024, a contemporary, 160-bed, 31-unit student housing community serving UCLA in L.A.’s exclusive Westwood neighborhood.
Built in 2015, Studio 11024 is located two blocks from both ...
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• Stos Partners Picks Up 10-Unit Res Asset in San Diego’s Rolando Village Area
3/29/22
Stos Partners in partnership with Apartment Worth and a high-net worth family investment entity, has acquired a 9.5k sf ‘ten-plex’ multifamily community in the Rolando Village submarket of San Diego. The property, which is lo...
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• Guardian Real Estate Services Secures $95 Mil in Construction Money for Portland Res Development
3/28/22
Upon completion, the seven-story Slabtown Square will consist of studio, one- and two-bedroom units with vinyl plank flooring, quartz countertops, stainless steel appliances, in-unit washers and dryers and an average unit siz...
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• 35-Story Shoreline Gateway Opens Its Doors in Long Beach
3/25/22
Shoreline Gateway, a new 35-story, mixed-use luxury apartment complex in Downtown Long Beach, has officially opened to the public. The project is a development of Ledcor Properties Inc and Anderson Pacific LLC, with their par...
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• Kairos Investment Management Company Introduces Program to Help Residents at Its Affordable Housing Communities Improve their Credit Scores
3/25/22
Kairos Investment Management Company (KIMC) has launched a new program for its affordable housing communities to help residents improve their credit profiles. The program is led by Esusu, the pioneering fintech company that r...
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• Moderne Capital Partners LLC and Triumph Properties Group Secure $69 Mil for Construction of Phoenix Multifamily Project
3/24/22
A joint venture between Moderne Capital Partners LLC and Triumph Properties Group is closer to moving ahead with construction of Aileron Apartments, a 287-unit Class A multifamily project in Phoenix’s Deer Valley sub-market, ...
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