|
• OC Multifamily Property Traded Between Private Investors in $18.5 Mil Deal
10/11/22
A 48-unit multifamily community in Costa Mesa was acquired by a 1031 exchange, private investor in a recent $18.5 mil ($385.4k/unit), all cash transaction. The seller of the low-density, garden-style multifamily asset was als...
|
• NBP Capital to Start Work on 271-Unit Res Project in Portland
10/10/22
NBP Capital anticipates starting construction in the fourth quarter of 2022 on Sunshine Dairy, a 271-unit, seven-story, podium-style apartment project located at 801 NE 21st Avenue in Portland, OR. The company has obtained $6...
|
• Harbor Custom Development Lands $39 Mil Loan for Development of WA Res Community
10/07/22
Harbor Custom Development Inc has secured $39 mil in construction money to complete the development of a 177-unit, garden-style multifamily community located in Lacey, WA, a suburb of the Seattle/Tacoma MSA. The non-recourse ...
|
• Preservation Equity Fund Advisors Buys 75-Unit Seniors Affordable Housing Project in Washington
10/05/22
Preservation Equity Fund Advisors LLC (PEF Advisors) purchased Rainier Vista, a 75-unit affordable housing property for seniors 55+ in Pacific, WA.
Originally developed in 2003 with low-income housing tax credits, Rainier Vi...
|
• Ventura Apartment Property Sells for $369k/Unit
10/05/22
Hacienda Villas, a 34-unit multifamily property in Ventura, traded hands for $12.55 mil, or $369k/unit. The two-story property is located at 10829 Del Norte St, north of Telegraph Rd and west of Wells Rd.
Built In 1977, the ...
|
• Sandstone Properties Inc Secures $28 Mil on Woodland Hills Property
10/05/22
Sandstone Properties Inc has obtained a $28 mil loan to refinance an existing loan and to finance the pre-development of a 35-story multifamily development and four-story hotel conversion in Woodland Hills. The loan was provi...
|
• Two Res Communities Totaling 155 Units in Seattle Fetch $41.5 Mil
10/03/22
Two multifamily properties totaling 155 units in Seattle’s Ballard neighborhood traded for $41.5 mil ($268k/unit). The properties, the Belay and Noba apartments, were sold by Intercontinental Real Estate Corporation.
The apa...
|
• Apartment Building in the Bixby Knolls Area of Long Beach Sells for $380k/Unit
9/30/22
A Santa Monica-based private investor paid $3.05 mil for an eight-unit ($381.3k/unit) apartment property in the Bixby Knolls submarket of Long Beach. The property is located at 4321 to 4327 Elm Ave, north of San Antonio Dr an...
|
• Gelt Closes $500k/Unit Res Buy in the San Fernando Valley
9/30/22
L.A.-based Gelt Inc has acquired Avalon Studio 4121, a 149-unit, value-add apartment property in the southeast San Fernando Valley community of Studio City, for $76 mil ($510k/unit). The property, located at 4041-4121 Radford...
|
• New 97-Unit Res Community Completed in Hayward
9/29/22
Construction has finished at Legacy at Hayward, a four-story, 97-unit luxury apartment community in Hayward. The project, a development of Legacy Partners and Corebridge Real Estate Investors, is located in the hills at 28168...
|
• Glendale Office to Res Tower Conversion Completed
9/29/22
Arista Glendale Phase I, an eight-story luxury multifamily rental high-rise with 53 apartment homes in Glendale, has been completed and is set to open to the public. The project, located at 520 N. Central Ave, is a conversion...
|
• Los Angeles Apartment Building from 1940 Goes for Over $200k/Unit
9/28/22
Edgemont Court, a 12-unit apartment complex located in Los Angeles, traded for $2.5 mil, or $208.3k/unit. Built in 1940, the property is located at 175 and 179 N Edgemont Street.
The two-story, two-building apartment complex...
|
• Newly-Built WA Multifamily Community Lands $61.3 Mil in Financing
9/28/22
Affiliates of American Capital Group and Canyon Partners Real Estate have secured a $61.3 mil refi loan on Kinect @ Lynnwood, a newly-built, 239-unit multifamily property in Lynnwood, WA.
Kinect @ Lynnwood blends luxury upsc...
|
• Infill Development in San Diego’s Hillcrest Neighborhood Lands $27 Mil in Construction Money
9/27/22
DiversyFund Inc has locked in $26.9 mil in construction financing for Onyx on Park, a 61-unit, urban infill multi-housing community located in the Hillcrest neighborhood of San Diego.
With an anticipated completion of Q4 20...
|
• Private Investors Trade OC Apartment Property in $6 Mil Deal
9/26/22
A newly renovated 20-unit garden-style multifamily community in Westminster, CA sold for $5.96 mil, or $298k/unit. The property was recently improved with an exterior renovation completed in 2022.
Located at 8361 15th St, th...
|
• 300-Unit Res Asset in Reno Acquired by LDK Ventures
9/26/22
LDK Ventures acquired Integra Peaks at Damonte Ranch, a partially complete, 300-unit, Class A garden-style apartment community in Reno, NV. Located at 875 Damonte Ranch Pkwy, the property is approximately 75% complete, with f...
|
• Santa Monica Apartment Building Two Blocks from the Ocean Sells for $374k/Unit
9/23/22
A private investor from Los Angeles paid $2.99 mil for an eight-unit ($373.8k/unit) apartment property in Santa Monica. The property, located at 2327 2nd St, is in a prime location just one block from Main Street and two bloc...
|
• Hines and USAA Real Estate Break Ground on 200-Acre TOD Project in Mission Valley
9/23/22
Hines and USAA Real Estate have begun construction on phase one of Riverwalk San Diego, a 200-acre transit-oriented development in western Mission Valley. Riverwalk San Diego will transform the existing Riverwalk golf course ...
|
• AZ Multifamily Community Trades in $68 Mil Deal
9/22/22
Ponderosa Ranch, a 272-unit, value-add multifamily community in Tempe, AZ, traded to a new owner in a $68.5 mil ($251.8k/unit) transaction. The asset was sold by KKR.
Ponderosa Ranch is a 272-unit, garden-style multifamily c...
|
• Community Preservation Partners Picks Up Housing Communities in CA, NM and AZ
9/20/22
Community Preservation Partners (CPP) has acquired three multifamily housing communities located in California, New Mexico and Arizona. The assets have a combined purchase price of $48.75 mil.
One of the properties is Park V...
|
Return to the Multifamily area
