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• New Westside L.A. Res Development Lands $165 Mil in Financing
9/23/19
Mill Creek Residential, along with an institutional joint venture partner, locked up new financing of $165 mil on Modera West LA, a newly-built, 376-unit multifamily community located in West Los Angeles. The project, located...
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• Moreno Valley Apartment Property Sells for $143k/Unit
9/23/19
A 15-unit multifamily property in Moreno Valley was acquired for $2.15 mil ($143k/unit), in an all-cash deal. The buyer is an experienced local investor who owns several other buildings in Moreno Valley.
The 13k sf property,...
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• San Diego Apartment Sale Comps at $231k/Unit
9/20/19
A 21-unit residential complex in San Diego sold for $4.85 mil, or $231k/unit. The 18.3k sf property is situated on an 18.7k sf lot at 4538 Norwood St, east of I-15 and south of I-8.
The property consists of seven two-bedroom...
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• Carlsbad Multifamily Sale Comes in at $272k/Unit
9/19/19
Roosevelt Apartments, a 10-unit apartment complex in Carlsbad, traded hands at a price of $2.72 mil, or $272k/unit. Located at 3366 Roosevelt St, the property consists entirely of one-bedroom units.
Situated in San Diego’s ...
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• Decron Properties Completes $79 Mil Seattle Area Res Buy
9/19/19
Decron Properties made its second significant investment in the Seattle MSA within the past 10 months, paying $78.75 mil for Indigo Springs, a 302-unit multifamily community in the Seattle submarket of Bothell WA. The transac...
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• Investor Nabs Two AZ Multifamily Properties for $4.66 Mil
9/18/19
Anaconda Capital Group LLC has acquired two multifamily properties totaling 76 units in Glendale, AZ for a combined price of $4.66 mil.
In one of the deals, Anaconda paid $2.67 mil for Bethany West, a 48-unit ($55.6k/unit) g...
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• San Diego Apartment Comp Comes in at $300k/Unit
9/18/19
A seven-unit apartment complex in the Point Loma neighborhood of San Diego sold for $2.1 mil, or $300k per unit. Point Loma is a popular area in San Diego, offering many amenities and recreational activities for residents and...
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• New Class A Res Community in Glendale, AZ Sells for $78.5 Mil
9/17/19
Summerly at Zanjero, a 340-unit, Class A multifamily property in Glendale, AZ, sold for $78.5 mil ($231k/unit). The asset was sold by Fore Property to an unnamed private investor.
Located at 7375 N. Zanjero Blvd, in the Pho...
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• Bay Area Exchange Transaction Entailed Multifamily and Office Trades that Totaled $28.6 Mil
9/17/19
We’ve got news of a recent 1031 exchange that consisted of two Bay Area transactions totaling $28.6 mil. The exchange began with the $22.5 mil sale of Woodgate Apartments, a 34-unit multifamily community in Mountain View, and...
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• Salt Lake City TOD Project Lands Preferred Equity Money
9/16/19
Salt Lake City-based Boulder Ventures Development Inc is closer to starting construction of Upper West, a 207-unit, Class-A, transit-oriented, multi-housing project in the suburban Salt Lake City community of West Jordan, UT....
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• San Fernando Valley Apartment Building Sells for $265k/Unit
9/16/19
Camelot Apartments, a 20-unit multifamily community in Reseda, was purchased by a private investor for $5.3 mil ($265k/unit). The San Fernando Valley property traded at an effective cap rate of 4.57%.
Located at 8151 Reseda ...
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• The Bascom Group and Artemis Real Estate Partners Spend $35 Mil on Value-Add Res Opportunity in Fresno
9/13/19
The Bascom Group LLC, in partnership with Artemis Real Estate Partners, has acquired Phoenix Townhomes, a 248-unit condominium-style apartment community in Fresno, for $35 mil, or about $141k/unit. Constructed in 2004, Phoeni...
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• Mixed-Use Project in Downtown Los Angeles is Completed
9/13/19
LA Plaza Village, a mixed-use development in downtown Los Angeles, has opened to the public. The project is a venture of Trammell Crow Company (TCC), its subsidiary High Street Residential, the Cesar Chavez Foundation and Pri...
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• Private Investors Trade South Pasadena Apartment Building in $11 Mil Deal
9/12/19
A 32-unit apartment complex in South Pasadena was purchased by a local investor for $11.06 mil ($345k/unit) in an all cash deal. The 24.6k sf property is located at 635 Prospect Ave, south of the 110 Fwy and east of Orange Gr...
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• Modesto Multifamily Property Purchased for $16.5 Mil
9/11/19
Chardonnay Ridge Apartments, a 115-unit multifamily community in Modesto, traded hands in a $16.5 mil transaction that values the asset at $143.5k per unit. The property was acquired by a private investment group out of San F...
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• 211-Unit Res Asset in McKinney, TX Gets a New Owner
9/10/19
St. Paul’s Square at Adriatica Village, a 211-unit apartment complex with 9.8k sf of retail in McKinney, TX, was acquired by Draper and Kramer. The deal value was not disclosed.
Constructed in 2015, the property is positione...
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• Liberty National Corporation Acquires Additional Development Land in Downtown San Diego
9/09/19
Liberty National Corporation acquired 0.69 acres (30k sf) of land prominently located at the intersection of Park Blvd and Broadway in downtown San Diego’s East Village. The land was sold by the Salvation Army.
The site is ...
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• Inland Empire Senior Living Community Trades for $58 Mil
9/09/19
Altavita Village, a 589-unit senior living community in Riverside, was acquired by Senior Living Riverside LP, an affiliate of La Jolla-based Westmont Living, for $58 mil ($98.5k/unit). The asset, the third largest senor livi...
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• Apartment Building in LA’s Brentwood Neighborhood Sells for Over $500k/Unit
9/06/19
An eight-unit multifamily building in Brentwood, a prime Los Angeles neighborhood, sold for $4.13 mil ($516k/unit). The property is located at 11747 Mayfield Ave, west of Barrington Ave and north of Wilshire Blvd.
John Swart...
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• Mixed-Use / Res Project Started in Downtown Phoenix
9/06/19
High Street Residential, the residential subsidiary of Trammell Crow Company, and its joint venture partner, a fund sponsored by CBRE Global Investors, have commenced construction on the first phase of The Fillmore, a mixed-u...
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