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June 18, 2024
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• Cityview Wraps Up Work on Apartment Project in L.A.’s Historic Filipinotown
Cityview has completed work on Belle on Bev – a 243-unit mixed-use project in Los Angeles’ Historic Filipinotown (HiFi). Now leasing, Belle on Bev features modern apartments stylized with art deco design inspired by the area’...
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• New 359-Unit Houston Res Development has Opened to the Public
The Laura, a new 359-unit apartment development in Houston, has opened to the public. The project is part of the first phase at Midway’s East River campus that is transforming Houston's waterfront east of downtown into a bust...
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• Housing Authority of the City of Los Angeles Spends $43 Mil for 120-Unit Res Property in the City’s La Fayette Park Neighborhood
In a notable multifamily trade in Los Angeles, a three-story, 120-unit apartment community in the city’s historic La Fayette Park neighborhood sold for $43.44 mil, or $362k/unit. The property, consisting of a 91k sf building ...
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• Work Gets Underway on Student Housing Project at California State University, Long Beach
California State University, Long Beach (CSULB) has broken ground on La Playa Residence Hall, a 108k sf student housing project designed by global architecture and design firm Perkins&Will. The project is a part of the State ...
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• OC Multifamily Comp Works Out to $360k/Unit
In a recent Orange County multifamily comp, a seven-unit property in Anaheim traded for $2.525 mil, or $360.7k/unit. The apartment community features individual patios, garage parking, and a newly installed fire sprinkler sys...
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• New Petaluma Res Project Slated to Open Summer 2024
The Haven at Deer Creek, a new, Class A 134-unit residential development in Petaluma, is slated to open in summer 2024 and has already begun pre-leasing. The solar-powered project, a development of MBK Rental Living, features...
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• Multifamily Sector Leads the Commercial Real Estate Market in L.A. County
This report was provided by real estate services firm NAI Capital Commercial Throughout the first quarter of 2024, L.A. County's commercial real estate market responded to prevailing economic trends by witnessing a predomin...
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• Greystar Real Estate Partners and The Resmark Companies Secure $95 Mil in Construction Money for Santa Clarita Res Project
A joint venture between Greystar Real Estate Partners and The Resmark Companies is one step closer to breaking ground on a 259-unit res development in Santa Clarita after obtaining a senior construction loan of $95 mil from K...
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• City of Orange Honors AO Architects for 50 Years of Award-Winning Design Work and Community Service
Celebrating a half-century of award-winning design, innovation, and community building, the City of Orange honored AO, a leading full-service architecture firm with expertise spanning the full commercial and multifamily resid...
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• Inland Real Estate Acquisitions Affiliate Buys 484-Bed Student Housing Community in Tucson, AZ
An affiliate of IL-based Inland Real Estate Acquisitions purchased The Parker, a 484-bed pedestrian student housing community located across the street from the University of Arizona in Tucson, AZ. The property was sold by Ho...
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• Commonwealth Development Corporation and WNC & Associates to Build Affordable Housing Community in Oregon
Commonwealth Development Corporation and WNC & Associates have teamed up to build Pacific Flats, an all-new affordable housing community in Phoenix, OR. The property will include five three-story residential buildings compris...
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• R&V Management and Trammell Crow Residential Secure $200 Mil for Construction of a 600-Unit Res Project in Downtown Long Beach
A major residential development in downtown Long Beach is closer to getting underway, as R&V Management and Trammell Crow Residential (TCR) have obtained $200 mil in financing for Alexan West End, a 600-unit multifamily commu...
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• New Mortgage Payments Expected to be Higher than Rent for Next Five Years, Making U.S. Homeownership a Challenge for Many
This report provided by CBRE Corporate Communications Achieving the American dream of homeownership has become increasingly challenging, with new research from CBRE indicating that mortgage payments are projected to exceed r...
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• Construction Started on Res Development in the City of Walnut
Sunjoint Development has started construction on the Terraces at Walnut, a 49-acre mixed use development located on Valley Blvd in Walnut, CA. Construction of the first product type, a single family two-story unit, began in...
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• Waterford Property Company, The Vistria Group and Northern Liberties Acquire 395-Unit Multifamily Community in Dallas
Waterford Property Company, The Vistria Group and Northern Liberties, in partnership with the Dallas Housing Finance Corporation (DHFC), have acquired Domain at Midtown Park, a 395-unit class A multifamily community located ...
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• Cityview Finishes Work on 378-Unit Res Project in Oakland’s Master-Planned Brooklyn Basin Area
Cityview has completed work on Portico – a 378-unit multifamily project in Oakland. Now welcoming residents, the eight-story opportunity zone project is located in the fast-growing Brooklyn Basin master-planned community. Po...
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• LaSalle Investment Management Buys Multifamily Community in Portland Suburb
Creekview Crossing, a 183-unit, garden-style community located in the Portland, OR suburb of Sherwood, was acquired by a fund managed by LaSalle Investment Management. The price was not disclosed. Built in 2009, Creekview Cr...
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• Oberndorf Real Estate Management Affiliate and The Bascom Group Acquire 360-Unit CO Multifamily Community
An affiliate of Oberndorf Real Estate Management LP and The Bascom Group LLC have acquired Hearthstone at City Center, a 360-unit multifamily community in Aurora, CO, for $74 mil ($205.5k/unit). The asset is located at 932 So...
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• Oregon Multifamily Community Refinanced with New $80 Mil Freddie Mac Loan
Horizon Realty Advisors has obtained an $80.5 mil refinancing of Chase Village, a 536-unit, garden-style multi-housing community located in Eugene, OR. Built in 1990, Chase Village features one-, two- and three-bedroom units...
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• The Bascom Group Buys 96-Unit Res Property in New Mexico
The Bascom Group LLC has acquired San Miguel Court Apartments, a 96-unit multifamily community in Santa Fe, New Mexico. The price was disclosed. Built in 1974 built, San Miguel Court Apartments is a garden-style multifamily ...
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