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• Apartment Building in L.A.’s Beverly Grove Trades for $354k/Unit
1/03/23
A seven-unit apartment property located in the Beverly Grove submarket of Los Angeles sold for $2.48 mil, or $354.3k/unit. The property is located at 8360 Blackburn Ave, east of La Cienega Blvd.
The property was built in 195...
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• Edenrock Group Buys Double-Lot Property in Hollywood for $3.25 Mil
1/03/23
Edenrock Group acquired a double lot in Hollywood for $3.25 mil. The unentitled property is located at 852-848 North Detroit St, west of Highland Ave between Santa Monica Blvd and Melrose Ave.
The double lot has a combined l...
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• AZ Build-to-Rent Development Lands $30 Mil in Construction
12/27/22
A joint venture between Blue Vista Capital Management and Family Development secured $30 mil in construction money for Villas Litchfield Park, a planned, 153-unit, build-to-rent community development in Phoenix.
Upon comple...
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• Whittier Multifamily Property Goes for $285k/Unit
12/22/22
A private investor paid $7.4 mil for a 26-unit ($285k/unit) res property in the city of Whittier. The property, Governor Apartment Homes, is located on seven acres at 8407 Hydro Dr, west of Whittier Blvd and south of Washingt...
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• Fremont Multifamily Property Sells for $453k/Unit
12/22/22
Victoria Park, a 60-unit multifamily community located in the East Bay city of Fremont, sold in a $27.2 mil ($453.3k/unit) trade. Victoria Park is located at 40882 High St, just west of I-680.
Built in 1987, Victoria Park of...
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• Community Preservation Partners Spends $29 Mil on 143-Unit Multifamily Property in Aurora, CO
12/21/22
Community Preservation Partners’ (CPP) latest acquisition was of Windsor Court, a 143-unit res property in Aurora, CO, in a $29.3 mil deal. The three-story garden-style development offers one- and two-bedroom apartments desig...
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• New Apartment Community in Duarte Offers a Range of Rental Options in the San Gabriel Valley
12/20/22
Esperanza at Duarte Station, a new Class A 344-unit, five-story apartment community in the San Gabriel Valley city of Duarte, has been completed and is now open to the public. The project is a development of MBK Rental Living...
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• Maryland Firm Buys 13 Acres in Manor, Texas for Res Project
12/20/22
Maryland-based DD&B Construction purchased a 13.2-acre land parcel located at E Hwy 290 and Gregg Manor Rd in Manor, TX. The site is planned for an approximately 200-unit multifamily project with up to 20k sf of retail space....
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• The Bascom Group Picks Up 346-Unit Res Community in Houston
12/19/22
The Bascom Group has acquired Montierra, a 346-unit community in Houston. Built in 2003, Montierra is located at 2345 Sage Rd, in the city’s Uptown/Galleria submarket. The price was not disclosed.
Developed by Sueba USA, kno...
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• FPA Multifamily Picks Up OR Res Asset at $204k/Unit
12/19/22
FPA Multifamily purchased Fox Meadows, a 95-unit multifamily community located in the Portland submarket of Tualatin, OR, for $19.35 mil, or $204k per unit. The property, located at 19605 SW Boones Ferry Rd, was sold by Trion...
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• Local Investment Entity Pays $278k/Unit for Bellingham, WA Res Asset
12/16/22
A local family investment partnership paid $18.365 mil Samish Station 3, the 66-unit ($278k/unit), third and final phase of Samish Station, a 119-unit multifamily community in the Puget Sound city of Bellingham, WA. The buyer...
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• New 586-Unit OR Res Project Moving Forward with $55 Mil Loan
12/16/22
Parkview Financial has provided a $55 mil loan to Stacy Allison Way Holdings LLC, an entity of West Coast Home Solutions, for the refinance and construction of a two-phased multifamily project totaling 586 units on 19 acres i...
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• New Multifamily Management Firm CloudTen Residential Opens Its Doors
12/16/22
CloudTen Residential, a newly launched multifamily management firm, is now open and operating a growing portfolio in Arizona, Nevada, Oregon and Washington. The company, headquartered in Reno, NV, currently has 130 employees....
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• Mosaic and Atlantic Jasper Building First Build-to-Rent Neighborhood in Northern Arizona Master-Planned Community
12/15/22
Mosaic and Atlantic Jasper have broken ground on The Flats at Jasper, a new build-to-rent (BTR) community within the nationally-recognized Jasper master-planned community in Prescott Valley, AZ. Atlantic Jasper, developer of ...
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• Seattle Res Development Lands $110 Mil Refi
12/14/22
Low Tide Properties and Continental Properties LLC have secured $110 mil in refinancing on Met Tower, a 366-unit, luxury multifamily project in downtown Seattle. The development, located at 1942 Westlake Ave, offers residents...
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• Monterey Office Property to be Converted into Workforce Housing
12/13/22
A suburban office property in Monterey, CA will be converted into workforce, multifamily housing as an adaptive reuse project. The property, covering 7.23 acres at 2300 Garden Rd, will be redeveloped to provide 64 one- and tw...
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• Alta Housing Opens New Affordable Housing Project in Palo Alto
12/13/22
Wilton Court Apartments, a new res development by Alta Housing in Silicon Valley, has been completed and is now open to the public. Located at 3705 El Camino Real in Palo Alto, Wilton Court Apartments is Alta Housing’s first...
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• Work Started on Res Community in San Pedro Waterfront Arts District
12/12/22
Construction recently got underway on Vivo on Harbor, a new waterfront residential community in Los Angeles. Located in the San Pedro Waterfront Arts District neighborhood at the gateway to the Port of Los Angeles, the projec...
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• Res Property in Signal Hill Sells for $389k/Unit
12/09/22
A 24-unit apartment property in the city of Signal Hill sold for $9.325 mil, or $389k/unit. The property is located at 1867 Temple Ave, just north of Pacific Coast Hwy. The buyer plans to complete renovations on units that ha...
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• Los Angeles County 3rd Qtr Multifamily Sales Volume Down 12% from Prior Year
12/08/22
LA County Q3 2022 - Multifamily Market Outlook
This update provided by NAI Capital Commercial
In Los Angeles County, the multifamily housing market continued enduring remnants of the statewide eviction moratorium, which was...
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