|
• Bay Area Res Community Lands $35 Mil Refi
5/06/20
Here’s news of a Bay Area multifamily financing deal. Valley Plaza Village Apartments, a 144-unit, garden-style apartment property in Pleasanton, was just refinanced with a new loan for $35 mil. The borrower is an affiliate o...
|
• Investor Pays $242k/Unit for Escondido Res Property
5/06/20
A 39-unit apartment complex in Escondido sold for $9.46 mil, or $242.5k/unit. The 37.5k sf property is situated on a 114.6k sf lot at 1440 N. Broadway, north of El Norte Pkwy and east of I-15.
Built in 1978, the property co...
|
• Phoenix Res Sales Total Up to $11.6 Mil
5/05/20
Two Phoenix multifamily properties have traded hands in recent transactions totaling $11.66 mil. Brian Smuckler, Jeff Seaman, Derek Smigiel and Bryson Fricke of CBRE in Phoenix represented the buyers and the seller in the tra...
|
• Multifamily Community in Ventura County Goes for $92 Mil
5/05/20
The Artisan at East Village, a 272-unit garden-style multifamily property in Oxnard, sold for $92.25 mil ($339k/unit). Located at 2060 Zocolo St, the property is South of Hwy 101 and east of Rose Ave, off Gonzales Rd in Ventu...
|
• Tokyu Land US Closes Three Multifamily Buys Totaling Over $200 Mil in the First Quarter of 2020
5/04/20
By: Allen Wolfsheimer
Tokyu Land US Corporation (TLUS) closed on three West Coast multifamily acquisitions in the first quarter of 2020 in transactions that totaled $214 mil. The purchases included: a 221-unit property in Pl...
|
• 191-Unit Phoenix Res Development Awarded LEED Gold Certification
5/04/20
Astor at Osborn, a 191-unit apartment building in Phoenix, was awarded LEED Gold certification. The property, which opened last year to residents, is located at 7th Ave and Osborn Rd in the heart of Midtown Phoenix, directly ...
|
• Walker & Dunlop Structures $2.4 Bil Fannie Mae Facility on 67-Property Res Portfolio
5/01/20
Although out of RENTV’s geographic coverage area, we thought we’d mention Walker & Dunlop Inc closing the largest transaction in company history -- a $2.4 bil Fannie Mae Credit Facility to refinance 67 multifamily properties ...
|
• Oakmont Properties Closes $91 Mil CO Res Buy
5/01/20
Oakmont Properties recently closed on an institutional-quality multifamily buy in Colorado, paying $90.72 mil for Caliber at Flatirons, a 288-unit ($315k/unit) residential property in Broomfield. The property, located at 1387...
|
• Costa Mesa Res Community Refinanced with New $75 Mil Loan
5/01/20
An E&S Ring affiliate has obtained a $75 mil permanent loan refi on Mediterranean Village, a 508-unit multifamily property in Costa Mesa. The garden-stye residential community is located at 2400 Harbor Blvd, adjacent to the C...
|
• $55 Mil Purchase of Metro at Zanjero is Sunroad Enterprise’s Fifth Phoenix Area Res Buy Since 2015
4/30/20
Metro at Zanjero, a 253-unit multifamily community in the Phoenix area, was acquired by San Diego-based Sunroad Enterprises for $55.4 mil ($219k/unit). The asset, located at 9450 W. Cabela Dr in Glendale, was sold by Private ...
|
• Ontario Apartment Property Sells for $15.5 Mil
4/30/20
Cinnamon Ridge, a 101-unit affordable community located in Ontario, traded in a $15.5 mil ($153.4k/unit) transaction. Built in 1989, the property is located at 1051 East 4th St, east of Euclid Ave and just south of the I-10. ...
|
• Westlake Village Multifamily Property Trades at Over $500k/Unit
4/29/20
The Verona, a 16-unit multifamily property in Westlake Village, sold for $8.15 mil, which works out to $509.4k/unit. The property is located at 3200-3240 Foothill Dr, south of the 101 Fwy off Hampshire Rd.
The three-story pr...
|
• Bay Area Multifamily Property Sells for Over $400k/Unit
4/29/20
In a recent Bay Area multifamily sale, a 30-unit property in Fremont traded hands for $12.2 mil, or $406.7k/unit. The property sits on 0.68 acres at 4001 Nicolet Ave, in close proximity to Fremont’s bustling Central District ...
|
• Resident Relief Foundation Launches Multifamily Industry Fundraising Effort to Address Impact of COVID-19 Pandemic
4/27/20
The Resident Relief Foundation (RRF), a nonprofit organization that provides rental assistance grants to help responsible residents pay rent during a temporary emergency, today announced the launch of the “Resident Relief Ini...
|
• Redondo Beach Apartment Property Sells for $475k/Unit
4/27/20
In a recent multifamily comp from L.A.’s South Bay region, a four-unit apartment property in Redondo Beach sold for $1.9 mil, or $475k/unit. The property is located at 2523 Voorhees Ave, west of Inglewood Ave and north of Art...
|
• Universe Holdings Obtains $19.7 Mil Cash-Out Money on Seven Res Properties in Inglewood
4/24/20
Universe Holdings has received $19.71 mil in cash-out financing secured by seven of its multifamily communities in Inglewood. Two separate loans allowed Universe to pay off the existing mortgages on the value-add properties a...
|
• Texas Multifamily Portfolio Trades Hands
4/24/20
A multifamily portfolio in Denton, TX consisting of six properties totaling 325 res units, along with 18k sf of commercial space, traded hands. Located in a northern suburb of Dallas-Fort Worth, the portfolio comprises Locust...
|
• The Latigo Group Obtains $59 Mil in Construction Money for 142-Unit Res Development in Thousand Oaks
4/23/20
The Latigo Group has secured $59 mil in construction financing for the development of a 142-unit, Class A residential project in Thousand Oaks, in what we’re told is the first significant multifamily project to be developed i...
|
• Los Angeles Apartment Portfolio Sold in Four Transactions Totaling $102 Mil
4/23/20
The Armor Portfolio, a multifamily portfolio consisting of 26 properties in the Los Angeles area with 642 units, has sold over the course of a year in four separate transactions totaling $102 mil, for an average price of $158...
|
• San Francisco Res Building with All Studios Fetches $464k/Unit
4/22/20
A “marina style,” 15-unit apartment building consisting of all studios in the heart of San Francisco’s Noe Valley District sold for $6.965 mil ($464.3k/unit). The property is located at 99 Jersey St, just west of Dolores St.
...
|
Return to the Multifamily area
