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• JPI Picks Up 4.86-Acre Res Dev Site in Torrance for $40 Mil
7/01/25
JPI has purchased a shovel-ready, 4.86-acre multifamily development site in Torrance for $40 mil. The site, located adjacent to The Harbor-UCLA Medical Center at S. Vermont Ave near 220th St, was sold by CGI+, a Los Angeles-b...
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• New Amenity-Packed Res Development in Stanton Opens to the Public
6/30/25
Cloud House, a new, 321-unit residential community in the OC city of Stanton, has been completed and is welcoming residents. The project, located at 12345 Beach Blvd, north of the 22 Fwy, was developed by Bonanni Development ...
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• Kennedy Wilson Entity Picks Up Two Multifamily Communities in $166 Mil Worth of Deals
6/30/25
A real estate fund managed by Kennedy Wilson has acquired two institutional-quality, west coast multifamily communities in separate transactions totaling $166 mil, excluding closing costs. The purchases were of Tides on Comme...
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• JRK Property Holdings Acquires Multifamily Assets in Los Angeles and Washington, DC in Deals Totaling $315 Mil
6/27/25
JRK Property Holdings has acquired apartment communities with a combined 684 units in Los Angeles and Washington, DC in separate transactions totaling roughly $315 mil.
The deals included Chase Knolls, a 401-unit garden-sty...
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• TerraLane Communities Picks Up 22 Acres for AZ Res Rental Development
6/26/25
TerraLane Communities has acquired 22 acres in Queen Creek, AZ for the development of TerraLane at Hudson Station. The new rental community will include 218 homes featuring single-level and two-story townhomes, along with a c...
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• Salinas, CA Multifamily Building Sells for $258k/Unit
6/26/25
Archer Gardens Apartments, a 32-unit multifamily property in Salinas, traded hands in a recent $8.25 mil ($258k/unit) deal. The property is located at 633 Archer St, west of the 101 Fwy, about 20 miles northeast of Monterey.
...
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• Kennedy Wilson Buys 356-Unit Multifamily Community in Arizona
6/25/25
Kennedy Wilson has acquired Finisterra, a 356-unit, two-story multifamily community located in Tempe, AZ. The price was not immediately disclosed.
Located at 1250 West Grove Pkwy, Finisterra was built in 1997. It features tw...
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• Thousand Oaks Res Project Lands $182 Mil in Financing
6/25/25
The Latigo Group has obtained $182 mil in construction financing and joint venture equity to capitalize the development of Hillcrest Apartments, a 333-unit multifamily development located directly across from Amgen’s headquar...
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• MG Properties Purchases 314-Unit OC Res Community in $144 Mil Deal
6/24/25
MG Properties has acquired Citron Apartments, a recently completed 314-unit res community in Anaheim, for $144 mil, or $458.6k/unit. The property, located at 901 E. South St, south of the 91 Fwy and midway between I-5 and th...
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• Glendale Apartment Sale Closes at Around $200k/Unit
6/24/25
An eight-unit multifamily property located at 420 West Adams St in Glendale, CA traded for $1.625 mil, or about $203k per unit. We’ve been told that the deal came in at the lowest cap rate recorded for an apartment transactio...
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• Office to Residential Conversion Trend Continues in Phoenix
6/24/25
Here is a quick take on the office to residential conversion trend in Phoenix. This overview was provided by real estate services firm Avison Young.
• As Phoenix’s office vacancy rate climbed from 14.8% in Q1 2020 to nearly ...
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• Parallel and Kayne Anderson Real Estate Start Work on 500-Bed Housing Project for Texas A&M University
6/23/25
Parallel and Kayne Anderson Real Estate have begun construction on a 500-unit, high-rise student housing project in College Station, TX. The project is being financed with a construction loan provided by BMO Bank N.A.
The de...
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• TruAmerica Multifamily Picks Up 280-Unit Asset in San Antonio
6/20/25
TruAmerica Multifamily has acquired Dominion Park Apartments, a 280-unit, garden-style community located in the rapidly growing Northwest submarket of San Antonio. This marks TruAmerica’s second investment in the San Antonio ...
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• Waterton Picks Up 386-Unit Res Community in Edmonds, WA
6/19/25
Waterton has acquired Brackett Apartments, a 386-unit garden-style multifamily community in Edmonds, WA. The price was not disclosed.
Located at 9501 244th St SW in Edmonds, Brackett Apartments was built in 1987 and offers a...
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• Legacy Partners and DWS Start Work on AZ Res Development
6/19/25
Legacy Partners and joint venture partner DWS have started construction on Olea Scottsdale, a 433-residence apartment community in Scottsdale, AZ. The project is located north of Loop 101 and east of Scottsdale Rd, at the nor...
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• First Phase of Bakersfield Res Development Lands $61 Mil in Construction Financing
6/18/25
Presidio Capital Partners has obtained a $61 mil construction loan to finance the first phase of Park Center at Seven Oaks, a planned 520-unit multifamily community in Bakersfield. Upon completion, it will be the largest mult...
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• Huntington Beach Multifamily Property Sells for Over $400k/Unit
6/18/25
Yorktown Apartments, an 18-unit multifamily property in Huntington Beach, was purchased by a private investor from nearby Newport Beach in a $7.4 mil ($411k/unit) deal. This was the first time on the market in over 30 years f...
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• Kennedy Wilson, Kenedix Inc and Hulic Co Close $173 Mil Multifamily Purchase in Seattle
6/16/25
Kennedy Wilson has teamed up with Kenedix Inc and Hulic Co Ltd in the acquisition of The Danforth, a 265-unit multifamily community in Seattle, for $173 mil, or $653k/unit. Kennedy Wilson has a 10% interest, investing $6.6 mi...
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• Seattle Waterfront Res Property Sells for $375k/Unit
6/10/25
Anchor House Apartments, an 18-unit waterfront property in Seattle’s Eastlake neighborhood traded for $6.75 mil ($375k/unit) in a recent off-market transaction. The property is located at 2714 Fairview Avenue East, west of I-...
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• Costa Mesa Apartment Property Sells for $661.5k/Unit
6/09/25
A 13-unit multifamily property in Costa Mesa traded hands in a recent $8.6 mil ($661.5k/unit) transaction. We’re told that this is the highest price per unit achieved for a multifamily property in Westside Costa Mesa over the...
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