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• Two Older Santa Monica Apartment Buildings Trade in Deals Worth over $20 Mil
3/01/19
A portfolio of two nearby apartment properties totaling 43 units in prime Santa Monica neighborhoods was sold to two buyers in deals totaling $20.6 mil ($479k/unit). Both properties are near Montana Ave and are within walking...
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• Los Angeles Apartment Property from 1928 Lands $22.5 Mil in Financing
3/01/19
Massie Capital Management LLC has obtained $22.5 mil in financing for William Penn Apartments, a 189-unit, mid-rise apartment building in Los Angeles. Loan proceeds were used to return equity to investors and provide future f...
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• Beachfront Apartment Property in Ventura County Trades for $500k/Unit
2/28/19
A seven-unit, beachfront multifamily rental property in Ventura County has traded for $3.5 mil, or $500k per unit. The property is located at 5151 Neptune Square, between Harbor Blvd and the coast.
Constructed in 1974, the p...
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• Oakland Live/Work Project Funded with $32 Mil in Construction Money
2/27/19
Parkview Financial has provided a $32 mil construction loan to oWow for the development of a four-story, 102-unit 91.2k sf live/work affordable rental project in Oakland. oWow is an Oakland-based company committed to building...
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• Local Investor Pays over $11 Mil for Long Beach Apartment Portfolio
2/27/19
A portfolio of four adjacent apartment buildings totaling 36 units in Long Beach has sold for $11.05 mil ($307k/unit). The buyer was Long Beach-based Raven Properties LLC.
Built in 1963, the properties are located at 910, 9...
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• Long Beach Multifamily Value-Add Opportunity Goes for $72 Mil
2/26/19
Friendly Franchisees Corporation paid $72 mil for The Landing at Long Beach, a 206-unit ($350k/unit) property in Long Beach. The asset, located at 1613 Ximeno Ave, was sold by Western National Realty Fund II L.P., an investme...
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• 37-Unit Apartment Community in Menifee Breaks Ground
2/25/19
Artesa at Menifee Town Center, a Spanish mission-style apartment community located in the heart of Menifee, has broken ground. The project, a development of MBK Rental Living, will offer 37 two- and three-story walk-up apartm...
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• Long Beach Apartment Building Traded at $325k/Unit
2/25/19
A 16-unit apartment property in the Rose Park neighborhood of Long Beach sold for $5.2 mil, or $325k/unit. The property is located at 640 Stanley Ave, just blocks from the trendy Fourth Street/Retro Row area and is just seven...
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• Raintree Partners Acquires 333-Unit Res Property in San Diego’s UTC
2/25/19
Regents La Jolla, a 333-unit, mid-rise multi-housing building in La Jolla, was purchased by Raintree Partners. The property, situated on approximately 8.48 acres at 9253 Regents Rd, was sold by LaSalle Investment Management ...
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• San Antonio Res Project to Move Forward with $37.5 Mil in Acquisition, Construction and Equity Financing
2/22/19
David B. Norton Inc has arranged $37.5 mil in ground-up financing for the acquisition and development of a 340-unit, garden-style apartment complex outside of San Antonio, TX. The financing stretched to 98.5% of the total cos...
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• Luxury Residential Development Opens in Glendale
2/21/19
NEXT on Lex, a new residential and retail mixed-use community in Glendale, has opened to the public. We’re told the upscale project, a development of Century West Partners and Modern Luxury, is the largest for-rent community ...
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• MJW Investments Makes 95-Unit Res Buy in Washington
2/15/19
MJW Investments has acquired Kentwood Apartments, a 95-unit multifamily community located at 22425 Benson Rd SE, in Kent, WA. This is MJW’s second acquisition in the greater Seattle area as the company is currently focused o...
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• Seattle Multifamily Project Lands $13 Mil Refi Loan
2/14/19
CBRE Capital Markets’ Debt & Structured Finance team has secured $13 mil in refi money for Cubix North Apartments, a brand new multifamily development with 108 living units and 3.4k sf of commercial space in North Seattle.
...
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• Older San Diego Apartment Property Fetches $18 Mil
2/14/19
Willow Glen Apartments, a 97-unit multifamily property in San Diego, has sold for $17.9 mil ($184.5k/unit). The property is located at 3635-75 College Ave, east of I-15 and north of Hwy 94 in the Rolando section of the city.
...
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• San Diego Apartment Sales Comp Comes in at $125k/Unit
2/13/19
A 20-unit apartment complex in San Diego’s City Heights neighborhood sold for $2.5 mil, or $125k/unit. The 11.9k sf property is situated on a 23k sf lot at 4348 53rd St, east of I-15 and just south of El Cajon Blvd.
Constru...
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• Sun Valley Apartment Property Goes for $192k/Unit
2/12/19
A 26-unit apartment complex in Sun Valley exchanged in a $5 mil ($192.3k/unit) transaction. At the time of the sale there was a federal tax lien along with a deed of trust which hadn’t been reconveyed.
The property is locat...
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• Two Hollywood Apartment Properties Trade for $211k/Unit
2/11/19
Los Angeles-based Lillian Way Capital Group LLC purchased two garden-style multifamily properties, totaling 32 units, in a prime area of Hollywood, for $6.75 mil, or $211k/unit. The properties, located at 750 and 760 Lillian ...
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• Two Bay Area Apartment Sales Total $20 Mil
2/08/19
We have comp info on two recent Bay Area two multifamily property sales totaling $19.88 mil. The deals, which include a 33-unit apartment community in Redwood City and a 25-unit apartment community in Mountain View, were both...
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• Bela Flor Communities Obtains $40 Mil in Financing for New AZ Res Community
2/07/19
Bela Flor Communities has landed $40 mil in financing for Bella Victoria, a newly built, 236-unit, high-end, multifamily property in Mesa, AZ. The property was nearly 94% leased at the time of construction completion.
The l...
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• Apartment Property in the Hollywood Area Sells for Just over $200k/Unit
2/07/19
In a recent L.A. multifamily sales comp, a 21-unit apartment property sold for $4.25 mil, or $202.4k per unit. The property is located at 6126 Eleanor Ave, west of the 101 Fwy on the south side of Santa Monica Blvd.
Built in...
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