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May 27, 2024
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• Two Garden Grove Apartment Properties Generate $3.3 Mil
Two multifamily rental communities located on the same street in Garden Gove traded in recent deals with a combined price of $3.3 mil. The properties, located near the major thoroughfare of Euclid St and Katella Ave, contain ...
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• Watch Interview with The Saywitz Company President and Founder Barry Saywitz in New Episode of CRE Talk with Steve & Arnie
Steve Bloom of RENTV and Arnie Garfinkel of All Star Group interview Barry Saywitz, President and Founder at The Saywitz Company, a commercial real estate brokerage firm, and at Saywitz Properties, which owns and manages apar...
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• Henderson, NV Apartment Property Sells for $175k/Unit
An 88-unit multifamily property in Henderson, NV was acquired by a private investor for $15.4 mil ($175k/unit). The property, Madison at Green Valley, is located at 2096 Ramrod Ave , south of Tropicana Ave on the west side of...
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• New Built-to-Rent Community in Richmond, TX has Been Completed
Tricon Veranda, a new built-to-rent community in Richmond, TX, has been completed. Developed by Tricon Residential, Johnson Development Corporation, and HHS Residential the project consists of 90 single-family homes. Locate...
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• Jackson Square Properties Closes $111 Mil Multifamily Buy in Denver
Jackson Square Properties has purchased Broadstone Kendrick, a 254-unit apartment community in Denver’s Uptown neighborhood, for $111 mil, or $437k/unit. The apartments are located at 1780 Marion St and 1160 E 18th Ave, acros...
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• Construction Underway on New Res Project in San Diego’s Linda Vista Neighborhood
Construction on Citrino, a 47-unit, solar-powered multifamily community located at 6916 Fulton St in San Diego’s Linda Vista neighborhood, is nearing completion. The new community replaces 1940’s-era World War II housing, and...
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• Two Recent Long Beach Apartment Sales Total Over $7 Mil
Two multifamily apartment communities totaling 23 units in Long Beach sold to separate buyers in deals with a combined price of $7.09 mil ($308k/unit). In one of the transactions, a seven-unit multifamily property at 122 E....
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• Brixton Capital Acquires Recently Completed Phoenix Res Community
Brixton Capital acquired Alta Warehouse District, a Class A, 300-unit apartment community in Downtown Phoenix’s rapidly expanding Warehouse District. Completed in 2023, and developed by Atlanta-based Wood Partners, Alta Wareh...
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• Mixed-Use Project in L.A.’s Los Feliz Neighborhood Lands $90 Mil Refi
A joint venture of LaTerra Development and Clarion Partners has secured $90 mil in refinance money for The Louise, a newly constructed, upscale multifamily mixed-use property in L.A.’s Los Feliz neighborhood. The project, fea...
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• Two Anaheim Apartment Sales Total Up to $5.5 Mil
We’ve got news of two Anaheim multifamily property sales to separate buyers totaling 20 units for a combined price of about $5.5 mil. CBRE’s Dan Blackwell Andrew Boukather and Amanda Fielder represented the seller in the deal...
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• Kearny Mesa Res Project to Move Forward with $99 Mil in Construction Money
San Diego-based real estate development firm AAA Management has landed $99.4 mil in construction financing for Ion Aero, a planned 302-unit mid-rise multifamily community located at 8555 Aero Dr in San Diego. The community w...
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• MIG Real Estate Closes $174 Mil Apartment Buy in Vista
In a significant SoCal multifamily buy, MIG Real Estate LLC purchased Waterleaf, a 456-unit apartment complex in Vista, for $174 mil ($382k/unit). MIG plans to modernize the interiors, paint the exterior, and enhance the comm...
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• New Tempe Res Development 50% Leased at Completion
High Street Residential (HSR), the residential subsidiary of Trammell Crow Company, has completed construction on Smith & Rio, a 310-unit residential community in Tempe, AZ. Located in Tempe’s vibrant downtown, just south of ...
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• OC Multifamily Comp Works Out to $262k/Unit
A 16-unit multifamily asset in Anaheim sold for $4.2 mil to Emile’s Mart Car Wash LLC. The purchase price equated to a price of $262.5k per unit with a cap rate of 5.6%. The two-building, two-story complex was 100% leased at ...
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• Sacramento Multifamily Property Sells for $17.9 Mil
Rosemont Terrace, a 100-unit garden-style multifamily community in Sacramento, traded hands in a recent deal valued at $17.9 mil, or $179k/unit. Built in 1970, Rosemont Terrace is located at 3690 S Port Dr. The property fea...
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• AHV Communities Completes New Built-to-Rent Development in San Antonio
AHV Communities has begun leasing at Frame Med Center, a new built-to-rent development in San Antonio. Designed with a Scandinavian Farmhouse aesthetic, Frame Med Center encompasses a collection of 174 duplex rental homes wit...
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• Meta Housing Completes 142-Unit Affordable Res Community in Santa Rosa
Stony Oaks Apartments, a new affordable housing community in Santa Rosa, CA, has been completed. The 142-unit project is a development of Meta Housing was built by R.D. Olson Construction. It will serve low-income families or...
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• The Mondivan Group Pays $633k/Unit for Seattle Res Community
The Mondivan Group, a Vancouver, British Columbia-based boutique real estate development company, purchased SOLIS, a multi-award-winning multifamily project, including NAIOP’s Multifamily Development of the Year in 2020, loca...
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• Community Preservation Partners Acquires Two Res Communities in Albuquerque, NM with Plans to Preserve their Affordable Housing Status
Community Preservation Partners (CPP) has purchased two developments in Albuquerque, NM for $22.3 mil, with plans to renovate and maintain them as affordable housing. The projects, Mountain View II and III, were built in 1967...
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• Construction Underway on a 1 msf Mixed-Use Development in Los Angeles’ Arts District
Work has been started on a new mixed-use development totaling approximately 1 msf in the heart of Los Angeles’s Arts District. The project will be comprised of a 127.5k sf, six-story creative office and retail building alongs...
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