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• Pacific West Communities Lands Tax-Exempt and Taxable Bond Financing for 75-Unit Res Project in Brawley, CA
11/13/20
Pacific West Communities, out of Idaho, has obtained $22 mil in tax-exempt and taxable bond financing for the $28.7 mil construction of a 75-unit affordable housing property in Brawley, CA. The financing was provided by Ameri...
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• San Diego Apartment Sale Comps at $261.5k Per Unit
11/13/20
A 13-unit apartment complex on the west side of San Diego’s Mission Hills neighborhood sold for $3.4 mil, or $261.5k/unit. The property is located at 3812 Keating St, east of I-5 and north of Washington St.
The apartments we...
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• New Santa Maria Res Community Opens Its Doors
11/12/20
Azure, a luxury garden-style apartment community in Santa Maria, has been completed and is now open to the public. The project, a development of MBK Rental Living, is comprised of 318 studio and one-, two-, and three-bedroom ...
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• Buchanan Street Partners Buys 351-Unit Texas Multifamily Property
11/12/20
Buchanan Street Partners has acquired Waters Edge, a 351-unit multifamily community located at 3651 Prairie Waters Drive in Grand Prairie, TX. The property was sold by Trinsic Residential Group.
Waters Edge at Mansfield, f...
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• Christina Development Corporation Buys 15-Unit Apartment Building in Playa del Rey
11/11/20
Christina Development Corporation has acquired a 15-unit, beachfront multi-family residential apartment building in Playa del Rey, on L.A.’s Westside. The property, located at 6615 Pacific Ave, represents the sixth investment...
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• Tides Equities Spends $83 Mil on AZ Res Community
11/11/20
Tuscany Palms, a 582-unit multifamily community in Mesa, AZ, traded for $83 mil, or $142.6k/unit. The property, located at 901 S. Country Club Dr, was acquired by Tides Equities.
Tuscany Palms features a recently updated res...
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• JRK Property Holdings Picks Up 408 Res Units in Arizona
11/10/20
Los Angeles-based JRK Property Holdings Inc completed a multifamily acquisition in Arizona with the purchase of 909 West, a 408-unit apartment complex in Tempe. The asset, located at 909 W. Grove Pkwy, was sold by MG Properti...
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• DB Capital Management Spends $16 Mil On 46-Unit Denver Res Asset
11/06/20
DB Capital Management has acquired Red Owl Apartments, a 46-unit community in Denver, for $16.2 mil ($352.2k/unit), marking the firm’s entry into the Denver market. Built in 2018, Red Owl Apartments is located at 90 S. Logan ...
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• El Cajon Multifamily Property Goes for $19 Mil
11/06/20
Villa Grande Apartments, a 110-unit multi-family property in East San Diego County’s El Cajon neighborhood, sold for $19 mil, or $173k/unit. The Villa Grande Apartments, which totals 64.9k sf of buildings on a 4.55-acre parce...
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• San Diego Apartment Property Sells for $242k/Unit
11/05/20
Golden Heights Terrace, a 27-unit multifamily property in San Diego’s Grant Hill/Logan Heights submarket, sold for $6.525 mil ($242k/unit). The property, located at 525-565 28th St, was sold by Golden Heights Partner Group LL...
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• Visalia Res Community Traded in $42.5 Mil Transaction
11/04/20
Oak View Apartments, a 237-unit residential community in Visalia, was acquired by a private investor in a recent $42.5 mil ($179.3k/unit) deal. The property, built in 1990, was sold by IDEAL Capital Group.
Oak View Apartment...
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• Palm Desert Senior Res Community Trades for $3.8 Mil
11/04/20
A 21-unit, senior multifamily community in Palm Desert was purchased by a private investor for $3.8 mil, or $181k/unit. Built in 1990, the property is located at 73625 Catalina Way, east of San Pablo Ave and south of Fred War...
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• Res Project North of DTLA Secures $37 Mil in Construction Financing
11/03/20
Parkview Financial has provided construction funding of $37.3 mil for a 112-unit residential development in the Elysian Valley of Los Angeles, just north of Downtown by Glassell Park. The project, a joint venture of River She...
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• Transwestern Development Company Buys Dev Site in Denver’s River North Arts District
11/02/20
Transwestern Development Company (TDC) acquired 0.8 acres at 3712 – 3740 N. Downing St in Denver's popular River North Arts District (RiNo) with plans to develop a Class A multifamily midrise project. The site was a four-parc...
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• Kennedy Wilson Adds 880 Units in $198 Mil Off-Market Transaction
11/02/20
Kennedy Wilson acquired three multifamily properties totaling 880 units in an off-market transaction for $198 mil. The communities expand Kennedy Wilson’s multifamily portfolio focused on institutional-quality, garden-style ...
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• Advanced Real Estate Services Acquires 215 Res Units in the Inland Empire
10/30/20
Advanced Real Estate Services Inc acquired a 215-unit apartment property in the city of Riverside for just under $58 mil ($270k/unit). The property sits on 10.5 acres at 7600 Ambergate Place. Amenities include a pool, spa, cl...
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• Phoenix Multifamily Property Lands $21.3 Mil Refi
10/30/20
Next Wave Investors locked up a $21.285 mil refi loan on Westover Parc, a 160-unit, multi-housing property in Phoenix. Jamie Kline, Charlie Vorsheck and Tim Brousse with JLL arranged the 10-year, floating-rate loan through Fr...
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• Nakhshab Development & Design Obtains Refi Loan on San Diego Res Project
10/29/20
Nakhshab Development & Design (NDD) has secured a $10.25 mil refi loan for Truax Lofts and Truax House, a newly constructed, 36-unit, modern residential community built with eco-friendly materials in San Diego’s Bankers Hill ...
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• MG Properties Buys New, 290-Unit Inland Empire Res Community
10/28/20
MG Properties purchased Mitchell Place, a brand-new, 290-unit luxury apartment-townhome community in Murrieta. The property was sold by Mitchell Multifamily LLC, an affiliate of MBK Rental Living LLC, based in Orange County.
...
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• Local Developer Spends $4.7 Mil on Fully Entitled Site in Bell Gardens
10/27/20
A local private developer paid $4.675 mil for 2.47 acres of land located at 8000 Bell Gardens Ave and 5500 Quinn St, in Bell Gardens, CA. The site is fully entitled for Bell Gardens Townhomes, a seven-building, 48-unit for-sa...
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