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• East Bay Multifamily Community Goes for $44 Mil
12/18/18
The Mark, a 150-unit apartment property in the East Bay city of Hayward, has sold for $44 mil ($293k/unit). The buyer was New Standard Equities.
The garden-style complex is located at 24650 Amador St, east of I-880 and north...
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• Student Housing Project in Downtown Berkeley Gets $26 Mil in Development Money
12/17/18
The Austin Group has obtained $26.25 mil in development money for The Den, a 160-bed student housing development located in the heart of Downtown Berkeley, at Telegraph Ave and Channing Way. The site, requiring demolition of...
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• Santa Ana Site Ground-Leased for Affordable Housing Development
12/14/18
In news of a large affordable housing transaction out of Orange County, a venture consisting of Alexis Gevorgian of AMG & Associates LLC, The Pacific Companies and Jamboree Housing, agreed to a 99-year ground lease for a 6.84...
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• Investors Pay $5.5 Mil for Mixed-Use Property in Oceanside
12/14/18
A retail/residential mixed-use property in Oceanside sold for $5.475 mil. The asset is located at 502-508 Sportfisher Drive and 510 N Coast Hwy, about midway between I-5 and the ocean.
The property consists of 16 residential...
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• MidOcean Partners Acquires Meyers Research from Kennedy Wilson
12/13/18
MidOcean Partners, middle market private equity firm focused on the business services and consumer sectors, acquired Meyers Research LLC, a leading provider of data for the real estate industry. The Irvine-based firm was sold...
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• Out of State Investor Pays $32 Mil for Chandler, AZ Res Community
12/12/18
River Ranch, a 188-unit multifamily community in Chandler, AZ, traded hands in a recent, $32 mil ($170.2k/unit) deal. Located at 6152 W. Oakland St, the asset was acquired by Greystar GP II LLC, an entity formed by Greystar o...
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• Bay Area Multifamily Portfolio Trades in $41 Mil Deal
12/11/18
A four-property, 201-unit multi-housing portfolio in the Sonoma County city of Rohnert Park was acquired by a private investor for $41.05 mil ($204k/unit). The properties were sold by a Colorado-based private investment entit...
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• San Francisco’s California Pacific Medical Center Campus to be Redeveloped into a Single-Family and Multifamily Residential Campus
12/11/18
TMG Parters and Grosvenor Americas have teamed up to redevelop the California Pacific Medical Center (CPMC) Presidio Heights campus in San Franciso. The redevelopment will transform the CPMC campus from a large-scale hospital...
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• Kennedy Wilson Closes $49 Mil Res Buy in Utah
12/10/18
Kennedy Wilson has acquired Alpine Meadows, a 222-unit wholly owned apartment community in the Salt Lake City region, for $49 mil, or $220.7k/unit.
Kennedy Wilson invested $20 mil of equity in Alpine Meadows, while also obt...
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• La Jolla Apartment Comp Comes in at $550k/Unit
12/07/18
In a recent apartment sales comp in La Jolla, a private investor paid $4.4 mil ($550k/unit) for an eight-unit, garden-style community. The property is located at 326-340 Palomar Ave, just west of La Jolla Blvd.
326-340 Palom...
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• Tower 16 Capital Partners and Henley USA Team Up in $29.5 Mil Vegas Multifamily Buy
12/07/18
San Diego-based Tower 16 Capital Partners, in a joint venture with Henley USA, has acquired Evergreen Apartments, a 314-unit, multifamily project two miles west of the Las Vegas Strip, for $29.5 mil ($94k/unit). Tower 16 wil...
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• Universe Holdings Secures $27.65 Mil in Cash-Out Refi Loans on Three L.A. Apartment Assets
12/06/18
Taking advantage of the rising property values in its approximate 2,500-unit apartment portfolio, Universe Holdings has received $27.65 mil in cash-out refinance loans secured by three of its Los Angeles apartment communities...
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• New Res Project in L.A.’s Melrose Area Opens
12/06/18
A new, 63-unit mixed-use development in Los Angeles has opened to the public. The project, nVe at Fairfax, was developed by Micropolitan and designed by KFA.
nVe at Fairfax is located at 639 N. Fairfax Ave, just off Melrose ...
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• Pleasanton Multifamily Property Acquired for $24 Mil by Private Investor
12/06/18
Vista Del Sol, a 73-unit multifamily asset in downtown Pleasanton, was acquired by a local, private investor for $24.25 mil, or $332k/unit. The property sits on 3.37 acres at 2451-2529 Santa Rita Rd.
The community is locat...
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• Legacy Partners and American International Group to Build 97-Unit Res Project in Hayward
12/05/18
A joint venture between Legacy Partners and American International Group Inc has acquired a 1.78-acre development site located at 28168 Mission Blvd in Hayward. The partnership will use the East Bay site for the development o...
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• Continental Realty Advisors Ltd and MLG Capital Team Up in $53 Mil AZ Res Buy
12/05/18
Tempe Metro, a 408-unit apartment community in Tempe, AZ, was acquired by Continental Realty Advisors Ltd and MLG Capital in a recent $53.5 mil ($131k/unit) deal.
Completed in 2010, Tempe Metro features studios, one-, two- a...
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• CO Investor Closes $23 Mil Res Buy in San Marcos
12/04/18
Woodspear Properties closed on an 84-unit residential buy in the San Diego County city of San Marcos. The CO-based firm paid $23.3 mil ($277.4k/unit) for The Avenue at San Marcos Apartments, a two-story, garden-style complex,...
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• Holualoa Companies Picks Up 552-Bed Student Housing Asset in Tucson
12/03/18
Holualoa Companies of Tucson has acquired Gateway at Tucson, a 188-unit, 552-bed, Class A student housing community, for $12.9 mil. The asset, located at 2800 W. Broadway Blvd in Tucson, was sold by CW Capital Asset Managemen...
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• San Pedro Res Property Gets a New Owner in $20 Mil Transaction
11/30/18
Bayridge Apartment Homes, a 60-unit, garden-style condo-mapped multifamily community in San Pedro, has sold for $20.5 mil ($342k/unit). The property was purchased by CA-based Manchester Square 2 LLC.
Located at 1099 W. Capit...
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• New Active Adult Res Community in Utah is Completed
11/30/18
Buchanan Street Partners has wrapped up work on Incline at Anthem, a luxury, active adult apartment community in Herriman, UT. The 298-unit project offers a modern, highly-amenitized living experience for adults over the age ...
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