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• Point Loma Mixed-Use Development Refinanced with $20.5 Mil
5/23/19
Murfey Company and Bishop Ventures recently obtained $20.5 mil in financing for The Californian, a luxury residential and retail mixed-use development in the coastal San Diego submarket of Point Loma.
The Californian is sit...
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• Long Beach Apartment Property Sells for almost $300k/Unit
5/23/19
A two-building, six-unit apartment property in Long Beach sold for $1.775 mil ($296k/unit). The property, located at 1969 Cedar Ave in the city’s South Wrigley submarket, was purchased by a Los Angeles-based private investor....
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• Calvera Partners Closes $16 Mil Res Buy in Alameda
5/23/19
Calvera Partners has acquired a 52-unit apartment building in Alameda for $15.95 mil ($307k/unit), in a deal that marks the final acquisition for the firm’s current discretionary investment fund. The purchase is part of Calve...
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• Upscale Mixed-Use Complex Opens Its Doors in Burbank’s Media District
5/22/19
Talaria Burbank, a new mixed-use development in Burbank, has opened its doors and is welcoming new residents. Developed by Cusumano Real Estate Group, Talaria features 241 designer apartment homes, anchored by a 42k sf Whole ...
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• Colton Apartment Community Trades for $63 Mil
5/21/19
San Diego-based Tower 16 Capital Partners has acquired The District at Grand Terrace, a 352-unit multifamily project in Colton, for $63.05 mil ($179k/unit). The project was acquired on an off-market basis from FPA Multifamil...
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• Greystar Picks Up Downtown San Diego Development Site
5/21/19
Greystar acquired a prime development site totaling 0.59 acres in downtown San Diego, at the southwest corner of 6th Ave and Olive St. The property was sold by St. Paul’s Episcopal Cathedral.
Greystar will develop a new 204-...
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• New Seniors Housing Project in Fremont Opens 100% Leased
5/20/19
Pauline Weaver Senior Apartments, a new 90-unit multifamily rental community for seniors in the Bay Area city of Fremont, has opened to the public. The project, located at 47003 Mission Falls Court in the city’s Warm Springs ...
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• Portland Multifamily Property Traded in $14 Mil Deal
5/20/19
Sienna Lofts, a 75-unit multifamily property in Portland’s Gresham neighborhood, was acquired by San Diego-based Street Properties LLC and Street Properties Inc for $14 mil, or $187k/unit. The asset, located at 22744 SE Stark...
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• Inland Group Lands $34 Mil in Construction Money for WA Senior Housing Development
5/17/19
Inland Group has obtained $34 mil in construction financing for the development of Affinity at Arlington, a senior housing community consisting of 170 market-rate units in Arlington, WA. The financing was arranged by CBRE.
L...
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• San Mateo Apartment Property Sells for $670k/Unit
5/17/19
Pacific Gardens, a 38-unit townhouse-style apartment community in the Bay Area city of San Mateo, sold for $25.5 mil ($671k/unit). Pacific Gardens is located at 25 McAker Ct, just off El Camino Real at the 92 Fwy.
Constructe...
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• Houston Area Multifamily Community Refinanced with $36.5 Mil Loan
5/16/19
Arel Capital has refinanced Bayou on the Bend, a 241-unit multifamily asset in the Inner Loop/River Oaks submarket of Houston, with a new $36.5 mil senior loan. The financing was provided by PCCP LLC.
Arel acquired Bayou on ...
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• BUILD Searching for Investment Partners for Development of San Francisco’s India Basin
5/16/19
BUILD, a San Francisco residential development company, is currently looking to lock up investment partners for the construction phase of its India Basin development, located within a rare opportunity zone in San Francisco. T...
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• Waterfront Res Community Started in Bay Area City of Hercules
5/16/19
Ledcor Development LP broke ground on The Grand, a 232-unit waterfront residential development in Hercules, a Bay Area city in western Contra Costa County, about 10 miles north of Berkeley. Set to open spring 2021, The Grand...
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• 322-Unit Res Development in Denver’s Golden Triangle Now Open for Leasing
5/14/19
Units at TriVista on Speer, a 322-unit apartment development in Denver’s Golden Triangle neighborhood, has been completed and are now being marketed for lease The seven-story community, a development of Legacy Partners in a j...
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• IDEAL Capital Group and Aegon Real Assets US Acquire 105-Unit Res Asset in Redondo Beach
5/14/19
A joint venture between IDEAL Capital Group and Aegon Real Assets US has acquired Novella Redondo, a 105-unit apartment property in Redondo Beach. IDEAL Capital Group is a Clovis, CA-based real estate investment firm based in...
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• Investor Pays Over $1 Mil Per Unit for Res Property in Rancho Santa Fe
5/13/19
Westminster School District paid $5.1 mil for Villa La Serena, a five-unit apartment/condominium complex located in Rancho Santa Fe, CA. The price works out to $1.02 mil per unit.
Villa La Serena is located at 6177 El Tordo....
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• Gelt Inc Spends $62 Mil on CO Residential Community
5/10/19
Gelt Inc has acquired Cedar Run Apartments, a 384-unit apartment community in Denver, for $62 mil, or $161.5k/unit. The property sits on 14 acres at 888 South Oneida St, west of Quebec St off Hwy 83.
Built in 1970 and part...
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• United Development Group Lands $11.9 Mil in Fannie Mae Money for Fresno Multifamily Property
5/09/19
United Development Group has refinanced Hunter Place Apartments, a 200-unit apartment complex in Fresno, with an $11.9 mil Fannie Mae loan.
Located at 1050 W. Griffith Way, Hunter Place is a two-story, garden-style gated com...
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• TruAmerica Partnership Spends $97 Mil on Res Properties in Las Vegas and Atlanta
5/09/19
TruAmerica Multifamily has acquired a two-property, 608-unit apartment portfolio of assets in the Las Vegas and Atlanta metros in an off-market transaction valued at $96.8 mil. The purchase was made with an institutional part...
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• IDM Companies Secures $54 Mil for Development of Two AZ Res Projects
5/08/19
PCCP LLC has provided two senior loans totaling $54.2 mil to IDM Companies for the ground-up development of two multifamily complexes in the Phoenix market. The properties will total 534 units and include IDM Estrella Parkway...
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