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• San Bernardino Apartment Property Acquired as Part of a 1031 Exchange
10/10/19
A 55-unit apartment property in San Bernardino sold for $6.1 mil, or $110.9k/unit. The 49.6k sf property is located at 1275 E Date St.
The property features large floor plans with an average unit size of 902 sf and a mix of...
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• Apartment Portfolio in Los Angeles’ Westlake/MacArthur Park District Sells in $48 Mil Deal
10/08/19
A three-property apartment portfolio comprised of 192 multifamily units in L.A.’s Westlake/MacArthur Park submarket, traded hands in a $48.25 mil ($251.3k/unit) deal. We’re told the transaction is one of the five largest deal...
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• Salt Lake City Investor Pays $30.7 Mil for AZ Multifamily Complex
10/07/19
Solano Vista, a 352-unit res complex in Glendale, AZ, has a new owner after being sold for $30.75 mil, in a deal that works out to $87.4k/unit. Solano Vista is in the high-demand and supply-constrained Glendale submarket wher...
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• Trion Properties Adds 89 Units to Its Bay Area Res Portfolio
10/04/19
Trion Properties has acquired Villa Morada Apartments, an 89-unit multifamily community in the Bay Area city of Hayward, for $25 mil, or $281k/unit. The property, located at 1180-1182 East St, was sold by Klingbeil Capital Ma...
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• Local Investor Buys 112-Unit Multifamily Property in Las Vegas
10/04/19
City View Apartments, a garden-style, 112-unit apartment complex in Las Vegas, traded hands in $13 mil ($116k/unit) deal. The property is located at 3355 Arville St, in the West-Central submarket of Las Vegas.
Constructed i...
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• Scottsdale, AZ Res Complex Acquired for $18 Mil by Local Investor
10/04/19
The Winfield of Scottsdale, a 95-unit apartment complex in Scottsdale, AZ, was purchased by a Michigan-based investment entity for $18.3 mil, or $192.6k/unit. The property is located at 8021 East Osborn Rd, west of Route 101....
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• Bay Area Multifamily Asset Fetches $530k/Unit
10/03/19
Woodside North, a fully renovated 22-unit multifamily community in Redwood City, has sold in an $11.7 mil ($532k/unit) transaction. Built in 1961, the property is located at 1551 Regent St, just west of Woodside Rd.
The apar...
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• Multifamily Property Sale in San Diego Comes in at $284.5k/Unit
10/02/19
In a recent multifamily comp from San Diego, an 11-unit multifamily complex in the city’s Golden Hill neighborhood sold for $3.13 mil ($284.5k/unit). The 5.8k sf property sits on a 7.2k sf lot at 3087 A Street.
The property ...
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• Construction Financing Secured for Mixed-Use Project in Denver’s Arts District
10/01/19
Art District Holdings, a Denver-based apartment developer, has secured $26 mil in construction financing for the development of an eight-story apartment and retail building in Denver’s Arts District. The funds were provided b...
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• Lion Real Estate Group and Marble Partners Close 369-Unit Multifamily Buy in Texas
10/01/19
A partnership between Lion Real Estate Group and Marble Partners has acquired Array Apartments, a 369-unit multifamily property in Austin, TX. The property, located at 2101 Burton Dr, was sold by Castle Lanterra Properties, i...
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• Pathfinder Partners Spends $29 Mil on Sacramento-Area Value-Add Res Buy
10/01/19
Rosemont Park, a 170-unit, Sacramento-area apartment community, was acquired by Pathfinder Partners for $28.8 mil, or $169.4k/unit. The property is located at 9190 Schmuckley Dr, near the center of downtown Rosemont.
Constru...
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• New Standard Equities Spends $60 Mil on 170 Res Units in the Bay Area
9/30/19
New Standard Equities has acquired a 170-unit multifamily property in Fremont for $60 mil, or about $353k/unit. The deal closed at a 4.41% cap rate on in-place income.
The garden-style community is situated on one parcel at ...
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• Upscale Residential Community in Vista has Been Completed
9/30/19
Construction is now complete on Breeze Hill Apartments – a fully amenitized, 88-unit luxury multifamily community in Vista. The rental community, owned and developed by a partnership of San Diego-based Pathfinders Partners an...
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• Phoenix Area Res Community Trades Hands for $110 Mil
9/27/19
Biscayne Bay, a 512-unit res community in Chandler, AZ, was acquired for $110.25 mil ($215.3k/unit) by San Diego-based MG Properties. The Phoenix-area asset was sold by Everest Holdings.
Located at 300 E. Warner Rd, Biscayne...
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• Advanced Real Estate Services Inc Buys 235-Unit Multifamily Property in Long Beach
9/27/19
Advanced Real Estate Services Inc (ARES) has acquired a 235-unit apartment building in Long Beach. The property, Alvista Long Beach” is located at 1718 Ximeno Ave, in the “Traffic Circle” area near California State Universit...
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• Decron Properties Closes $79 Mil Multifamily Buy in the San Fernando Valley
9/26/19
Decron Properties has made its first investment in Los Angeles County since 2010 by acquiring Alura, a 250-unit multifamily property in Woodland Hills, for $79 mil ($316k/unit).
Built in 1977, Alura offers a mix of studio, ...
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• Portland Res Community Trades in $116 Mil Deal
9/25/19
Griffis Residential has acquired Riva on the Park, a 294-unit, transit-oriented residential high-rise prominently located adjacent to the Oregon Health & Science University (“OHSU”) in Portland’s South Waterfront neighborhood...
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• Largest Apartment Complex in Joshua Tree, CA Sells for $6.5 Mil
9/25/19
Quail Springs Village, a 75-unit multifamily property in Joshua Tree, CA, sold for $6.5 mil, or $87k/unit. The buyer was Pro Residential, a Los Angeles-based multifamily investment and property management firm.
Located at 6...
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• Alliance Residential Buys 1.5-Acre Multifamily Development Site in Phoenix
9/24/19
An Alliance Residential entity purchased 1.527 acres within the Roosevelt Row Arts District at the northeast corner of 3rd Street and Portland Street in Phoenix for $6.45 mil. The land will be used for the development of Broa...
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• 1950s Santa Monica Res Property Trades for $538k/Unit
9/24/19
A Los Angeles-based private investment group paid $10.75 mil for Shoreland Plaza Apartments, a 20-unit ($538k/unit) apartment property in prime Santa Monica near the cross streets of 2nd St and Montana Ave. The property is w...
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