|
• Long Beach Apartment Building Comps at $236k/Unit
2/02/21
In a recent multifamily sales comp from Long Beach, a 22-unit apartment property sold for $5.2 mil ($236k/unit). Built in 1963, the property is located at 1315 W. 19th St, north of Hwy 1 and west of the 710 Fwy.
The property...
|
• Jason McCool Spends $47 Mil for a Stadium Vue
2/01/21
Stadium Vue Townhomes, a 163-unit multifamily community in Peoria, AZ, was purchased by Jason McCool for $47.3 mil ($290k/unit). The property was sold by Sunroad Enterprises.
Built in 2007, Stadium Vue Townhomes is a Class A...
|
• Moreno Valley Apartment Property Traded in $6.76 Mil Transaction
2/01/21
A SoCal-based private investment group paid $6.76 mil for Victory Garden Homes, a 30-unit ($225k/unit) community located at 13989 Moreno Rose Place, just off Allesandro Blvd on the south side of Hwy 60, in Moreno Valley.
Bui...
|
• Community Corporation of Santa Monica Starts Work on 73-Unit Affordable Housing Project
1/29/21
Community Corporation of Santa Monica has broken ground on Las Flores Santa Monica, a 73-unit, 94k sf affordable housing community in Santa Monica. The project, located at 1834 14th St, was designed by DE Architects and is be...
|
• Apartment Building in L.A.’s Koreatown Trades for $317k per Unit
1/29/21
A nine-unit apartment property in L.A.’s Koreatown submarket traded for $2.85 mil ($317k/unit). The property, located at 821 S. Gramercy Dr, 66% vacant upon close of escrow, presenting significant upside potential for the new...
|
• Related California Breaks Ground on 50-Unit Affordable Housing Community in Fountain Valley
1/28/21
Related California has broken ground on Prado Family Homes, a 50-unit, five-building affordable housing community in Fountain Valley. The project, estimated for completion in the first quarter of 2022, is being built by R.D. ...
|
• OC Apartment Property Trade Works out to $389k per Unit
1/28/21
Portico Villas, a 128-unit multifamily community in Fullerton, traded hands for $49.83 mil, which works out to $389k per unit. Built in 1987, Portico Villas is located at 140 West Hill Ave, north of the 91 Fwy and just west o...
|
• ZOM Living Spends $82 Mil on 33 Acres of Undeveloped Land in Arizona
1/27/21
The fee and leasehold interest in an undeveloped four-parcel portfolio totaling approximately 33 acres in Phoenix and Scottsdale, AZ was acquired by an affiliate of ZOM Living, one of the nation’s largest developers of multif...
|
• Washington Res Community Acquired by a Tenant-in-Common Group in a $34 Mil Deal
1/26/21
Northern Heights Apartments, a 232-unit multifamily community in Airway Heights, WA, was purchased by a private Tenant-in-Common (TIC) investment entity in a recent $34 mil ($146.5k/unit) deal. The acquisition was financed wi...
|
• Universe Holdings Spends $6.9 Mil for Historic Multifamily Community in Hollywood
1/25/21
Universe Holdings has acquired Villa Valentino, an historic 18-unit multifamily community in Hollywood, for $6.9 mil ($383k/unit). Built in 1926, the property is located at 2000 N. Highland Blvd, north of Hollywood Blvd and j...
|
• Crescent Communities to Build 317-Unit Res Community in Glibert, AZ
1/25/21
Crescent Communities is readying to begin construction on NOVEL Val Vista, a 317-unit multifamily development in Gilbert, AZ. Crescent has selected McShane Construction Company to provide construction services for the project...
|
• Next Wave Investors Spends $25.5 Mil on AZ Townhome Community
1/21/21
Next Wave Investors LLC has acquired The Grove on Glendale, a new 56-unit luxury townhome community in North Central Phoenix, for $25.5 mil, or $455k/unit. The property, located at 917 West Glendale Ave, east of I-17, was pur...
|
• Construction Started on Affordable Housing Community in Santa Clara
1/20/21
Construction is underway on a new 196-unit, 100% affordable-housing community developed by St. Anton Communities at 2233 Calle Del Mundo in the City of Santa Clara. Called St. Anton Tasman, the transit-oriented development is...
|
• Trion Properties Picks Adjacent OR Res Properties Totaling 95 Units
1/20/21
Trion Properties acquired two adjacent multifamily communities totaling 95 units in Tualatin, OR, a southwestern suburb of the Portland metropolitan area. Trion will operate the two properties, previously called Casa De Roble...
|
• City of Oakland Buys 63-Unit Former College Dormitory Property for $13 Mil
1/19/21
Clifton Hall, a 63-unit former college dormitory in Oakland’s Rockridge neighborhood, sold for $13 mil, or $206k per unit. The property, located at 5276 Broadway, was purchased by the City of Oakland for use as interim and pe...
|
• Alta Housing Breaks Ground on Palo Alto Affordable Housing Project
1/18/21
Alta Housing (formerly Palo Alto Housing ) has broken ground on Wilton Court, a new 100% affordable residential rental community in Palo Alto. The new 59-unit residential development, located at 3705 El Camino Real, will pro...
|
• AZ Res Community Trades for $15 Mil
1/15/21
An 80-unit multifamily property in Mesa, AZ was purchased for $15.1 mil ($189k/unit) by a private capital investor from Los Angeles. The property, 454 West, consists of six buildings on 2.8 acres at 454 West Brown Rd in the N...
|
• MG Properties Group Closes on $145 Multifamily Buy in Arizona
1/14/21
In a major multifamily acquisition out of Phoenix, MG Properties Group has purchased Andante Apartments, a 576-unit residential community in the city’s desirable Ahwatukee submarket, for $145.25 mil, or $252k per unit. The Cl...
|
• Local Investor Buys 18-Unit Culver City Apartment Property
1/12/21
A private investor picked up an 18-unit multifamily property in Culver City for $7.7 mil, or $428k/unit. Located at 9646 Lucerne Ave, the 18.5k sf property – Casa Bonita -- was originally built in 1974 on a 0.47-acre lot.
T...
|
• Avanath Capital Management Closes Fourth Fund with $760 Mil in Equity Commitments
1/11/21
Avanath Capital Management LLC has closed its fourth discretionary fund with a total of $760 mil in equity commitments, which is significantly above the fund’s original commitment target of $550 mil. The fund will target affo...
|
Return to the Multifamily area
