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• CRE Development Investments Starts Work on 115-Unit Denver Multifamily Development
10/06/20
CRE Development Investments has begun work on Art District Lofts, an eight-story, 115-unit res development located at 1275 Santa Fe Drive in Denver, CO. Construction of the project, which also includes 2.6k sf of ground-floor...
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• LA-based JRK Property Holdings Expects to Complete $1.6 Bil in Deals by Year End
10/06/20
LA-based JRK Property Holdings, one of the largest multifamily landlords in the United States, has acquired a 538-unit apartment complex in the Washington, DC suburb of Gaithersburg, MD, as the first in a series of acquisitio...
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• NoCal Investor Spends $22 Mil on Bakersfield Multifamily Property
10/06/20
Pine Brook Apartments, a 240-unit apartment community in Bakersfield, was purchased by a NoCal-based private capital investor for $22 mil, or $92k/unit. Built in 1971, Pine Brook Apartments sits on just over nine acres at 500...
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• IHP Capital Partners and Intracorp Acquire Seattle Res Development Site
10/05/20
A joint venture between IHP Capital Partners and Intracorp has acquired an unimproved, 1.5-acre site for the development of a new urban infill community. Located between the North Beacon Hill and Mount Baker neighborhoods, th...
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• 90-Unit Res Property in Vancouver, WA Purchased for $20.5 Mil
10/05/20
Latitude 45, a 90-unit, newly constructed, garden-style apartment community in Vancouver, WA, has sold for $20.5 mil ($228k/unit). The acquisition was financed with a loan of $11.275 mil.
Latitude 45 is located at 11202 N.E....
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• Oakmont Properties Wraps Up $118 Mil Multifamily Buy in Sacramento
10/02/20
San Rafael-based Oakmont Properties recently closed on the purchase of The Press at Midtown Quarter, a 277-unit, Class A multifamily property located in Midtown Sacramento, in a transaction valued at $118 mil ($426k/unit). We...
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• MIG Real Estate Acquiring NoCal and SoCal Opportunity Zone Development Sites
10/01/20
MIG Real Estate has opened escrow on two new Opportunity Zone ground-up multifamily development projects in California: a 140-unit rental residence in the central core of Hollywood and a 240-unit rental residence in Fremont. ...
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• Seattle Seniors Housing Property Refinanced with $13.9 Mil HUD-Insured Loan
10/01/20
The Savoy at Lake City Senior Living, an 80-unit, seniors housing complex in Seattle, was refinanced with a $13.9 mil HUD-insured loan. The property, constructed in 2017, is owned by Lake City Project Associates LLC.
The Sa...
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• Tides Equities Spends $77 Mil on AZ Multifamily Community
9/30/20
In an AZ multifamily buy, Tides Equities purchased Solara at Mill Avenue, a 515-unit community in Tempe, for $77 mil ($149.5k/unit). The property was sold by a partnership between Acre Valley Real Estate Capital and BH Equiti...
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• Greystar and Star America Infrastructure Partners to Develop Off-Campus Student Housing Project in Eugene, OR
9/29/20
Greystar and Star America Infrastructure Partners have acquired a 1.1-acre site in Eugene, OR on which they intend to develop a $100 mil, 357-unit student housing project named “Union on Broadway.” Construction will commence ...
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• Local Investors Trade West Los Angeles Apartment Property in $2.6 Mil Deal
9/29/20
An eight-unit, value-add apartment property in West Los Angeles sold for $2.6 mil, or $325k/unit. The property, located at 11969 Iowa Ave, was purchased by a Los Angeles-based private investor.
Built in 1962, the one-story a...
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• Sacramento Apartment Property Goes for $178k/Unit
9/28/20
The Davenport, a 126-unit multifamily property in Sacramento, traded hands in a recent $22.5 mil ($178.5k/unit) deal. The property is located at 941 43rd Ave, north of Riverside Ave and west of I-5.
The seller, an affiliate ...
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• Mission Viejo Land Purchased for 60-Unit Res Development
9/28/20
A 4.11-acre site in Mission Viejo was acquired in a $9.94 mil deal for a planned residential development. The site, located at 28719 Los Alisos Blvd, offers 2.75 buildable acres that can be used for the new project, City Lane...
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• EAH Housing Buys Downtown Sacramento Property for Residential Redevelopment Project
9/25/20
San Rafael-based EAH Housing acquired a 1.27-acre, urban infill, transit-oriented multifamily development site in the heart of the Broadway Corridor near downtown Sacramento. The property, located at 1901 Broadway, was sold b...
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• City of Huntington Beach Buys Dev Site for Low-Income Housing
9/25/20
The city of Huntington Beach purchased a 0.78-acre multifamily development property in Huntington Beach for $2.97 mil. The undeveloped site, located at 17631 Cameron Lane, sits within a residential community near the 405 Fwy ...
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• Graceada Partners Spends $23 Mil on Sacramento Multifamily Property
9/24/20
Graceada Partners, through its Graceada Partners Fund II, acquired Westlake Apartments, a 148-unit residential community in Sacramento. From what we hear, the deal came in around $23.5 mil ($159k/unit). The property boasts a ...
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• Gelt Inc Makes $30 Mil OR Res Buy
9/23/20
Gelt Inc has acquired Silverwood Apartments, a 164-unit multifamily property in Gresham, OR, for $30 mil ($183k/unit). Built in 1991, the property is located at 4777 SW 11th St, just south of Powell Blvd.
The garden-style co...
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• San Jose Mobile Home Community Lands $52 Mil Fannie Mae Refi Loan
9/23/20
Chateau La Salle, a mobile home community in San Jose, was just refinanced with a new, $52.25 mil Fannie Mae loan. Built in 1980, the property consists of 434 pads set across 58 acres of well-manicured grounds. The loan was a...
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• Pacific Heritage Communities Locks Up $54 Mil in Permanent Financing on New Ventura Res Community
9/22/20
Pacific Heritage Communities has secured a $54 mil permanent loan on Parklands Apartments, a newly completed 173- unit multifamily community in the city of Ventura.
Located at 10940 Bajo Rd, at Telegraph Rd, a few blocks fro...
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• Apartment Property in North Hollywood Trades for $194k/Unit
9/22/20
Vanowen Collection, an 18-unit apartment property in North Hollywood, was purchased for $3.5 mil by a Los Angeles-based private investor. The asset is located at 12715 to 12719 Vanowen St, east of Coldwater Canyon.
The prope...
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