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• Mitsui Fudosan America Looking to Break Ground this Year on 41-Story Res Tower in Downtown Los Angeles
4/21/20
Here is a rendering of the completed design of Eighth and Figueroa, a 41-story residential tower project in Downtown Los Angeles, targeted to break ground in 2020. The tower is a development of Mitsui Fudosan America and was ...
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• Escondido Res Property Fetches $34.7 Mil
4/21/20
Sage Apartments, a 137-unit multifamily property located in the North San Diego County city of Escondido, sold for $34.7 mil, or $253.3k/unit. The 86.7k sf property is located at 1920 and 1960 E. Grand Ave, east of Hwy 78 and...
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• NoCal Investor Spends $39.6 Mil on Two Modesto Res Assets
4/20/20
A Bay Area private investor spent $39.6 mil for two multifamily properties in Modesto totaling 236 units ($167.8k/unit). The acquisitions consisted of The Commons Apartment Homes (100 units) and Summerview Apartment Homes (13...
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• Bay Area Multifamily Rent Growth Tapering Off
4/20/20
This report was provided by Kidder Mathews
Due to the Coronavirus pandemic, six of the Bay Area’s nine counties cautiously put Shelter in Place orders into effect in early March 2020, effectively putting a halt to all non-es...
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• Oakland Multifamily Portfolio Financed with $58 Mil Loan
4/17/20
Mosser Capital has obtained $58.5 mil in financing to fund the recapitalization of a nine-property multi-housing portfolio located in Oakland. Mosser owns the assets in a venture with a new foreign investment partner. Mosser ...
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• Mixed-Use Development in Utah Lands $19.3 Mil in Financing
4/17/20
Lincoln Station, a 76-unit mixed-use community to be built in the Kimball Junction area of Park City, UT, is closer to development after having just obtained in $19.3 mil in construction and permanent financing. The borrower ...
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• Two Multifamily Properties in L.A.’s Palms Neighborhood Fetch $9.5 Mil
4/16/20
Private investors have acquired two multifamily properties with a combined 29 units in L.A.’s Palms neighborhood in separate deals totaling $9.565 mil. Both properties had been owned by the seller for over 30 years and are co...
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• Inland Empire Res Community Trades for $45.5 Mil
4/14/20
The Heights at Grand Terrace, a 228-unit community in Grand Terrace, was acquired by an East Coast-based investment entity for $45.5 mil, or $199.6k/unit. The property is located at 22491 DeBerry St, south of I-10 and just ea...
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• Hong Kong-Based Company Spends $63 Mil on AZ Res Community
4/13/20
Button Capital Limited paid $63.5 mil for Park Place at Fountain Hills, a 230-unit ($276k/unit), Class A multifamily community located in Fountain Hills, AZ. Button Capital is a Hong Kong-based global private equity real esta...
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• Investor Completes Exchange with Two Bay Area Res Deals Totaling over $14 Mil
4/13/20
A private investor recently completed both legs of a 1031 exchange through two multifamily transactions in the Bay Area with a combined value of $14.18 mil. The transactions consisted of the sale of Leigh Court, an 18-unit mu...
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• Universe Holdings Spends $25 Mil on 122 Res Units in the San Fernando Valley
4/10/20
Universe Holdings has acquired a 122-unit multifamily portfolio in the northern San Fernando Valley community of Granada Hills for $25.5 mil, or $209k/unit. The acquisition increases Universe’s portfolio in the San Fernando V...
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• Meta Housing Corporation and Western Community Housing to Develop OC Affordable Housing Project
4/10/20
Meta Housing Corporation and Western Community Housing plan to develop a three-story, 65-unit, affordable and permanent supportive housing multifamily community in Westminster. The $42 mil development will provide quality aff...
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• San Francisco Acquires Res Dev Site for Affordable Housing Project
4/08/20
The City of San Francisco has acquired a 0.27-acre mixed-use development site on two parcels from Sheet Metal Workers Local 104 Union Hall in a transaction valued at $12 mil. The City plans to develop new affordable housing o...
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• Cortland Closes $1.2 Bil Buy of 22-Property Res Portfolio
4/06/20
Cortland recently acquired PURE Multi-Family REIT, comprising 22 properties with a combined 7,085 res units, in a $1.2 bil transaction. The deal was made with $340.1 mil in acquisition financing structured by Walker & Dunlop ...
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• San Diego Res Portfolio Refinanced with $58.5 Mil Loan
4/03/20
Real Asymmetry has landed $58.5 mil in refi money on a recently renovated, five-property multi-housing portfolio totaling 328 workforce-oriented housing units in San Diego.
The properties in the portfolio are located in and ...
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• Palm Desert Res Community Sells for $171k/Unit
4/01/20
A SoCal-based investment group purchased Royal Palms Condominiums, a 52-unit community in Palm Desert, for $8.9 mil, or $171k per unit. The property, located at 40890 Sandy Gale Lane, received multiple offers.
Built in 1985,...
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• Universe Holdings Adds 110-Unit La Mesa Res Asset to Its Growing Portfolio in the Area
4/01/20
Universe Holdings has acquired Serena Vista, a 110-unit apartment community in the San Diego submarket of La Mesa, for $34.45 mil, or $313.2k/unit. Built in 1971, Serena Vista is located at 5810 Amaya Dr, north of I-8 and eas...
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• Providence Capital Group Spends $68 Mil on Rancho Cucamonga Arte Project
3/31/20
Arte, a 182-unit, luxury apartment community in Rancho Cucamonga, was acquired by an affiliate of Providence Capital Group Inc for $68 mil, or $373.6k/unit. The asset, located at 10130 Foothill Blvd, was sold by Fore Property...
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• Brixton Capital Buys 250-Unit TX Res Asset
3/31/20
Brixton Capital has acquired a 250-unit multifamily property in Corpus Christi, TX. The price was not disclosed.
Built in 1983, the property is located at 6947 Everhart Rd and totals 216k sf. Apartments range in size from 64...
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• Otay Mesa Res Dev Site Sells for $14.4 Mil
3/31/20
ColRich has purchased Airway Gardens, a 13.1-acre multifamily development site in Otay Mesa, for $14.4 mil. The property was sold by Airway Gardens Corporation, an entity managed by San Diego-based real estate development fir...
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