|
• Pasadena Res Portfolio Refinanced with $32.8 Mil in Fannie Mae Money at Record Low Rates
8/14/20
A family-owned portfolio of four Pasadena apartment buildings has been refinanced with new Fannie Mae loans totaling $32.8 mil. The 1970’s vintage properties total 176 units and are clustered together on East and West Califor...
|
• Kennedy Wilson and Vintage Housing Holdings Partnership to Start Work on Three New WA Affordable Housing Projects
8/13/20
Kennedy Wilson is increasing the availability of affordable multifamily units reserved for families and seniors across the West Coast through a growing partnership with Vintage Housing Holdings (“Vintage”). Today, the joint v...
|
• Unique Res Site in Pacific Palisades Entitled for Eight Custom Homes Sells for $8.25 Mil
8/11/20
In a unique, residential property sale on the westside of Los Angeles, a 1.5-acre, estate homesite in Pacific Palisades that had been fully entitled for the development of up to eight custom, high-end homes sold for $8.25 mil...
|
• Lawndale Res Comp Works Out to Over $400k/Unit
8/07/20
An eight-unit apartment property in Lawndale traded for $3.325 mil, or $415.6k/unit. The property is located at 14523 Freeman Ave, east of Hawthorne Blvd and south of Rosecrans Ave, at the end of a cul-de-sac.
Constructed in...
|
• Private Investor Buys 18-Unit Res Property in Fontana
8/07/20
Juniper Apartments, an 18-unit multifamily property in Fontana, was purchased by a private investor for $2.65 mil, or about $147k/unit.
Located at 8945 Juniper Ave, Juniper Apartments is comprised of eighteen two-bedroom, tw...
|
• El Centro Apartment Property Gets New Owner in $9.6 Mil Deal
8/05/20
A 75-unit complex in El Centro, CA sold for $9.6 mil, or $128k/unit. The 71.3k sf property, situated on a 132k sf lot at 699 Wake Ave, was acquired by Imperial Properties LLC.
The property consists of 75 units across seven t...
|
• Investor Pays $219k/Unit for 98-Unit Multifamily Property inVegas
8/05/20
Harlow Luxury Apartments, a 98-unit Class A luxury multifamily community in Las Vegas, was purchased by a SoCal-based private equity firm for $21.5 mil, or around $219k/unit. The property is located at 10620 W. Alexander Rd, ...
|
• Dunleer Sells Renovated Hollywood Apartment Building for Over $400k/Unit
8/05/20
The Oxford Hollywood, a fully occupied five-unit apartment property in Los Angeles, sold for $2.05 mil. The renovated property sold for $410k per unit and $576 per square foot.
Originally built in 1924, The Oxford Hollywood ...
|
• Knightvest Capital Spends $62.5 Mil on AZ Res Buy
8/04/20
In an institutional multifamily buy in Arizona, Knightvest Capital paid $62.5 mil for Signature Place, a 300-unit ($208.3k/unit) community in Tempe. The seller in the deal was Western Wealth Capital.
Located at 600 W. Grove ...
|
• Alta Housing Starts Work on Affordable Res Community in Mountain View
8/04/20
Alta Housing has just broken ground on a 100% affordable residential rental community at 950 W. El Camino Real in Mountain View. The new 71-unit residential development will provide independent living for a mix of single- and...
|
• Investors Trade Three Bay Area Multifamily Properties in Deals Totaling $34.3 Mil
8/03/20
Three Bay Area multifamily properties that were part of a six-property portfolio were acquired by one buyer in separate deals totaling $34.32 mil. The properties are in Sunnyvale, Los Gatos and San Jose.
The three properties...
|
• PCCP LLC Acquires $99 Mil Senior Loan on a Redeveloped Historic Property in Houston
8/03/20
PCCP LLC has acquired a $99.3 mil performing senior loan collateralized by The Star, a historic property redeveloped into a Class A mixed-use asset in downtown Houston, TX. The property is located at 1111 Rusk St, south of I-...
|
• Logan Capital Advisors Closes 192-Unit Phoenix Area Res Buy
7/30/20
Logan Capital Advisors has acquired Pacific Bay Club, a 192-unit multifamily community in the Phoenix area, for $35.7 mil, or $186k per unit. The asset was sold by Picerne Development.
Built in 1988, Pacific Bay Club is a ga...
|
• Mass Equities Lands $63 Mil in Bridge Money on New CO Res Development
7/30/20
Mass Equities Inc has obtained $62.75 mil in non-recourse bridge financing for a new 253-unit, Class A mixed-use development in Longmont, CO. The project, located at 150 Main St, in the heart of the city’s downtown area, was ...
|
• Portfolio of Three NV and CA Res Properties Refinanced with Three Fannie Mae Loans
7/29/20
NorthMarq has arranged $31.05 mil in Fannie Mae refinanings on a portfolio of three multifamily properties located in Las Vegas, NV and Lakeside (San Diego), CA.
NorthMarq’s Gardiner Champlin and Marty Meagher arranged the ...
|
• Silver Star Real Estate Pays 49.7 Mil for 147-Unit San Gabriel Valley Res Property
7/28/20
Silver Star Real Estate acquired Amber Ridge Apartments, a 147-unit, garden-style multifamily community in La Verne, for $49.7 mil ($338k/unit). The purchase was financed with a $30.58 mil acquisition loan.
Located at 2421 F...
|
• Kennedy Wilson’s Latest NoCal Res Community is Now Welcoming Tenants
7/27/20
38° North, a newly constructed, 120-unit apartment community in the Bay Area city of Santa Rosa, has opened to the public with new tenants starting to move in. The residential project, a development of Kennedy Wilson, is nest...
|
• Hankey Investment Company LP and Jamison Properties LP Celebrate Topping Out of L.A. Res Tower Development
7/23/20
Kurve on Wilshire, a $300 mil, 23-story residential tower development located in the 2900 block of Wilshire in L.A.’s Mid-Wilshire area, had its topping out celebration last week and is on schedule to open in the spring of 20...
|
• San Fernando Valley Multifamily Community Undergoes Historic Renovation
7/23/20
Chase Knolls, a 14-acre apartment community secluded on four city blocks in Sherman Oaks, has entered a new era with a historic renovation that will preserve the community’s historic garden setting while adding 141 new reside...
|
• Greystone Affordable Development Partners with Hamilton Valley Management to Redevelop Affordable Rental Housing in Texas
7/22/20
Greystone Affordable Development recently closed a $120.5 mil transaction – its first in the state of Texas – in collaboration with Burnet, TX-based Hamilton Valley Management Inc, an owner and manager of affordable multi-fam...
|
Return to the Multifamily area
