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February 9, 2025
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MULTIFAMILY NEWS
Archive
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• Adjacent Res Fourplexes in Huntington Beach Generate Combined Price of $5.4 Mil
6/06/24
A private investor purchased two four-unit multifamily properties in Huntington Beach for a combined price of $5.425 mil. The seller is based in Huntington Beach, while the buyer is from Westminster. This was the first time ...
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• Empire Group of Companies Lands $47 Mil for Construction of Texas Build-to-Rent Project
6/05/24
Empire Group of Companies has obtained $47.4 mil in non-recourse financing for construction of Village at Mayfair, a 217-unit Build-to-Rent community in New Braunfels, TX. The project will be situated on nearly 20 acres withi...
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• Landsea Homes Corporation Picks Up OC Sites for New Res Community
6/04/24
Landsea Homes Corporation has acquired 44 OC homesites for a new community called Mason in Anaheim. Land development has already begun, and sales are anticipated to start later this year. Situated on the corner of Lincoln ...
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• Multifamily Property in Vancouver, WA Goes for $26.7 Mil
6/04/24
Thunderbird Village, a 182-unit garden-style apartment community in Vancouver, WA, traded hands for $26.75 mil, or $147k/unit. The asset was sold by NBP Capital. Built in 1972, Thunderbird Village features one-, two-, and th...
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• Affordable Housing Project in L.A.’s Koreatown Neighborhood Set to Go with $24 Mil in Construction Money
6/04/24
Kingsley Apartments, a planned 136-unit, 100% affordable property in Los Angeles’ popular Koreatown submarket, is closer to becoming a reality after landing $24.4 mil in construction money. The project is situated just three...
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• AMCAL Housing Nabs $101 Mil Refi on 335-Unit Res Community in Woodland Hills
6/03/24
AMCAL Housing, Gortikov Capital has obtained a $101 mil refi loan on The Clarendon, a 335-unit, Class A multifamily property in the western San Fernando Valley community of Woodland Hills. Developed in 2020, The Clarendon of...
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• TruAmerica Picks Up 288-Unit Res Community in Ogden, UT
5/31/24
TruAmerica Multifamily has acquired The Falls at Canyon Rim, a 288-unit multifamily property located in South Ogden, UT, approximately 25 miles north of Salt Lake City. The price was not immediately given out. The Falls at C...
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• Advanced Real Estate Adds 68-Unit OC Res Community to Its X Fund
5/30/24
Advanced Real Estate has acquired Beachpoint, a 68-unit multifamily asset in Huntington Beach, in a recent $25 mil purchase. The property, which includes a 12k sf multi-tenant office building, will be added to Advanced’s X Fu...
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• Anthem Development and ATX Acquisitions Team Up in Dallas Res Buy
5/30/24
A strategic joint venture partnership between Anthem Development and ATX Acquisitions has acquired Eleven600 Apartments, a 216-unit apartment building located at 11600 Audelia Road in Dallas, TX. The price was not disclosed. ...
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• San Diego Investor Spends $8.6 Mil on 25-unit Oceanside Multifamily Property
5/29/24
Hillsborough Apartments, a 25-unit multifamily property in Oceanside, was purchased by a private investor in an $8.62 mil transaction. The selling price works out to $344.8k/unit and $447/sf. Located in Oceanside’s Loma Alta...
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• PATH Ventures Finishes Supportive Housing Project in the City of Carson
5/29/24
PATH Ventures, a nonprofit affordable housing developer and service provider, has completed work on West Carson Villas, a $42.5 mil, 111-unit supportive housing project in the L.A. area city of Carson. The development was bui...
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• Cardinal Group Buys 204-Unit University of Oklahoma Student Housing Property
5/28/24
Denver-based Cardinal Group has purchased The Flats at Norman, a 204-unit, 612-bed student housing asset in Norman, OK. The property, located at 730 Stinson St, is a prominent residence serving students at the University of O...
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• First Link Apartments℠ in CA Has Started Leasing in Oakland
5/27/24
Link Apartments℠ Four12, a 157-unit res development in Oakland’s Jack London Square, has been completed and is now available for leasing. Located at 412 Madison St, the project is a development of Swenson, in partnershi...
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• Orange County Community Housing Corporation Receives $1 Mil Grant from Citi Foundation
5/24/24
Orange County Community Housing Corporation (OCCHC/SteppingUP) has received a $1 mil grant from Citi Foundation as part of the fourth cohort of the Community Progress Makers initiative. OCCHC/SteppingUP will use the grant to ...
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• Monterey Park Res Development Secures $15.5 Mil in C-PACE Financing
5/24/24
Whitmore Villa, a $52 mil multi-family housing development in the San Gabriel Valley city of Monterey Park, has received $15.5 mil in C-PACE financing. The project is being developed by Chateau Group on behalf of project spon...
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• Tempe Res Development Finishes Construction
5/23/24
Vero, a 199-unit, seven-story multifamily development in Tempe, AZ, has been completed. The project, located at 651 E. 6th St. in Tempe’s Novus Innovation Corridor, was developed by Transwestern Development Company (TDC®) and...
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• Two Multifamily Sales in San Clemente Generate $5.5 Mil
5/22/24
We’ve got news of two six-unit multifamily properties in San Clemente that were purchased by individual private investors in separate deals totaling $5.545 mil. CBRE’s Dan Blackwell, Mike O’Neill and Amanda Fielder represente...
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• Community Preservation Partners Acquires 102-unit San Jose Senior Housing Project
5/22/24
CPP (Community Preservation Partners) has acquired Corinthian House, a 102-unit senior housing project in southwest San Jose, with plans to renovate the property. This is the fourth community in the Bay Area for CPP, jo...
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• Vintage Res/Retail Building in Seattle’s Ballard Neighborhood Trades
5/21/24
Villa Luisa, a vintage mixed-use apartment and retail community situated in the heart of Seattle’s Ballard neighborhood, traded hands. The price was not disclosed. Villa Luisa is a freestanding two-story building located at ...
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• Just Completed Res Development Brings 195 Units to South San Francisco
5/17/24
Sares Regis Group of Northern California (SRGNC) has completed construction on Celeste, a 195-unit residential development in downtown South San Francisco, adjacent to the city’s Caltrain station. The project was designed by ...
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