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• Venture Spends $15 Mil on Warner Center Site for Development of a New Seniors Facility
10/16/18
A joint venture between LAMB Properties LLC and South Bay Partners Inc (SBP) has acquired a 95k sf site in the San Fernando Valley’s Warner Center area for the development of a 420k sf senior facility. The off-market land de...
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• Work Started on 35-Story, Luxury Residential Tower in Downtown Long Beach
10/15/18
Co-developers Ledcor Properties Inc and Anderson Pacific LLC, and with their partners Qualico and Lantower Residential, have broken ground on Shoreline Gateway, a 35-story, mixed-use luxury apartment complex in Downtown Long ...
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• The Bascom Group Buys 29-Unit Residential Property in Torrance
10/15/18
The Bascom Group LLC has acquired Corona Del Norte, a 29-unit infill apartment community in Torrance, for $6.3 mil ($217.2k/unit).
Del Norte is less than five miles from the Pacific Ocean and located near several interstat...
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• Virtu Investments Buys 168-Unit Property in San Marcos
10/15/18
October 15, 2018 - Virtu Investments Buys 168-Unit Property in San Marcos
Acquisition is of Barham Villas
Virtu Investments LLC purchased Barham Villas, a 168-unit complex in San Marcos. The property, situated on 9.88 acres ...
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• Essex Property Closes $104 Mil Res Buy in San Jose
10/11/18
Essex Property Trust acquired Meridian at Midtown, a 218-unit luxury apartment community with approximately 14k sf of ground-floor retail in San Jose, in a $104 mil transaction. The seller was Republic Urban Properties LLC.
...
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• West Hollywood Apartment Building Trades between Private Investors in $8.3 Mil Deal
10/11/18
A 24-unit apartment complex in West Hollywood was acquired by a private investor for $8.3 mil, or $346k/unit, in an all-cash deal. The property was sold by Newport Beach-based Burchett Partners LLC.
Located at 1122 North Hay...
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• Tower 16 Capital Partners Buys 540-Unit Res Community in Vegas
10/11/18
San Diego-based Tower 16 Capital Partners, in a joint venture with Henley USA, has acquired Cornerstone Crossing Apartments, a 540-unit multifamily project in northwest Las Vegas, for $49.75 mil ($92k/unit). Tower 16 will ov...
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• Seattle Multifamily Property Trades in $97 Mil Transaction
10/10/18
A venture between RISE Properties Trust (“RISE”) a Canadian-based real estate trust, and Tokyu Land US Corporation (“Tokyu”), a vertically-integrated real estate development and investment company, has purchased Alaire Apartm...
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• MG Properties Spends $93 Mil on 264-Unit Residential Property in Western San Fernando Valley
10/10/18
MG Properties Group has acquired Carillon Apartment Homes, a 264-unit, 235.2k sf multifamily property in the Warner Center/Woodland Hills area of the western San Fernando Valley. The property sold for $93 mil, or $352.3k/unit...
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• Hollywood Apartment Building Acquired by Japanese Investor for $283k/Unit
10/08/18
A private investor based out of Japan paid $3.4 mil for a 12-unit ($283k/unit) apartment property in Hollywood. The asset, located at 1803 N. Harvard Blvd, was sold by Xenon Investments Company of Los Angeles.
Built in 1955,...
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• TruAmerica Multifamily Makes $77 Mil Investment in Two Las Vegas Apartment Communities
10/05/18
TruAmerica Multifamily has acquired two apartment communities totaling 504 units in Las Vegas for $77.2 mil ($153.2k/unit). With these latest acquisitions - Crossing at Green Valley and The Retreat - TruAmerica’s local portf...
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• Tucson Res Community Sells for $60/Unit
10/04/18
Mission Creek Apartments, a 200-unit, garden-style multifamily property in Tucson, AZ, sold for $12 mil, or $60k/unit. Built in 1987, Mission Creek Apartments is located at 1451 West Ajo Way, just west of I-19 at the confluen...
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• West Covina Res Property Bought by NY-Based Entity in $34 Mil Transaction
10/03/18
An affiliate of Abacus Capital Group LLC purchased Atrium Apartments, a 138-unit multifamily property in West Covina, for $33.9 mil ($245.7k/unit). It was the New York-based investment firm’s first purchase in Southern Califo...
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• Hotel/Housing Development Completed in Healdsburg, CA
10/02/18
Seaview Investors LLC recently completed a ground-up, two-part construction project in Healdsburg. The project, built by R.D. Olson Construction, included Hotel Trio, a 122-room hotel, and Citrine Apartments, a 37-unit afford...
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• Westland Real Estate Group Acquires Over 1,100 Res Units in Las Vegas
10/02/18
California-based Westland Real Estate Group has purchased a two-property multifamily portfolio totaling 1,129 units in Las Vegas for $60.3 mil ($53.4k/unit) transaction. The properties are Liberty Village Apartments, located ...
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• Apartment Building in San Diego’s Mission Bay Sells for $312k/Unit
10/01/18
Sandpiper Apartments, a 16-unit multifamily building in San Diego, sold for $5 mil, or $312.5k/unit. Located at 715 Cohasset Ct, west of Seaworld in Mission Bay, Sandpiper is one of the largest multifamily properties that is ...
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• Local Investment Entity Buys 75-Unit Portland Apartment Complex
10/01/18
The Wilmore, a five-story apartment building that houses 75 units in Portland’s North Williams neighborhood, was acquired by MSL Vancouver Oregon Investments. Built in 2016, the complex contains 50.7k sf of residential living...
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• Older Long Beach Apartment Building Sells for $228k/Unit
10/01/18
A 24-unit, 1920s apartment building in the burgeoning East Village Arts District of Long Beach sold for $5.48 mil, or $228.3k/unit. San Diego-based La Mirage MPI, LLC was the buyer in a deal that closed at a 4.2% cap rate.
B...
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• Master-Planned, Mixed-Use AZ Development to Move Forward with $105 Mil in Financing
9/28/18
George Smith Parters (GSP) has arranged $105.5 mil in financing for a portion of The Watermark Tempe, a master-planned, mixed-use ground-up development situated on Tempe Town Lake in Tempe, AZ. The property, located at 430 No...
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• M West Holdings Pays Over $400k/Unit for San Pedro Bank Lofts
9/28/18
M West Holdings LLC, out of Sherman Oaks, has paid $36.3 mil for San Pedro Bank Lofts, an 89-unit ($408k/unit), loft-style multifamily property in Los Angeles’ South Bay community of San Pedro. The property, Located at 407 W....
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