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• Rosewood Property Company Entity Buys 283-Unit AZ Res Property
7/24/19
Jefferson Chandler, a 283-unit Class A apartment community in the Phoenix metro area, was purchased by RPC Chandler Apartments LLC, an entity formed by Dallas-based Rosewood Property Company. The property, located at 3950 W. ...
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• California Could See Statewide Multifamily Rent Control by Next Year if Proposed Bill Passes
7/23/19
By: Kalah Espinoza
Vice President
Capital Markets | Multifamily
Colliers International
Assembly Bill 1482 cleared another hurdle this month as it passed 6-1 in the first state senate committee on July 9th. Here is what yo...
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• 232-Unit TX Multifamily Asset Trades Hands
7/23/19
A CA-based investor has acquired Las Lomas Apartments, a 232-unit, multifamily property located in El Paso, TX. It was sold by a Chicago-based investment company.
Las Lomas Apartments is comprised of attractive two- and thre...
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• DMJ Capital Partners Spends $4 Mil on Value-Add Multifamily Building in San Diego’s Bankers Hill Neighborhood
7/23/19
San Diego-based DMJ Capital Partners, has purchased a value-add multifamily project consisting of a single, seven-unit building for $4 mil. The property is located at 2308 Albatross St in the Bankers Hill neighborhood, just m...
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• San Fernando Valley Multifamily Property Trades for $250/Unit
7/22/19
Cambridge Courtyards, a 28-unit multifamily asset located in the heart of the San Fernando Valley, sold for $7 mil, or $250k per unit. The property is located at 17931 Devonshire St, south of the 118 Fwy and just west of Whit...
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• Community Preservation Partners Rehabilitates Two Affordable Housing Projects Totaling 98 Units in Ogden, UT
7/18/19
Community Preservation Partners (CPP) has completed a $14.3 mil rehabilitation of two affordable living communities in Ogden, UT. The work covered 98 multifamily units at the 58-unit Normandie Apartments and the 40-unit Osmon...
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• San Fernando Valley Apartment Building Sale Provides $250k/Unit Comp
7/18/19
A private investor has acquired Casa Bryant, a 20-unit, mid-century apartment building in the western San Fernando Valley community of Canoga Park submarket, for $5 mil ($250k/unit). The property is located at 21024 Bryant St...
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• Downtown San Francisco Res Project Lands $77 Mil in Construction Money
7/17/19
A planned, 109-unit condominium project located in downtown San Francisco is one step closer to getting underway as the developer, Z&L Properties Inc, has secured $76.8 mil in construction money. The development, 1554 Market ...
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• Investor Pays $395k/Unit for San Gabriel Valley Apartment Building
7/17/19
In a recent multifamily sales comp from the San Gabriel Valley, an 11-unit property in Alhambra sold $4.35 mil, or $395.5k/unit, in an all-cash deal. The property, The Courts Alhambra, is located at 1508-1512 W Huntington Dr,...
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• Pacific Apartment Homes Wraps Up New Santa Monica Res Project
7/17/19
Pacific Apartment Homes has completed construction of Pico Eleven, a 32-unit residential housing project in downtown Santa Monica, just blocks from the beach. The 33k sf project, located at 1112–1122 Pico Blvd, was designed b...
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• Sunroad Enterprises Secures $222 Mil in Refinancing on Two Kearny Mesa Res Complexes
7/16/19
Sunroad Enterprises has obtained $222.5 mil in refi money on two, Class A multi-housing properties totaling 803 units within the 232-acre Centrum Master Plan in San Diego’s Kearny Mesa submarket. The 10-year, fixed-rate loan ...
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• ColRich Buys 220-Unit Multifamily Property in Sacramento
7/15/19
In a Sacramento multifamily investment deal, ColRich paid $36.25 mil for The Luxe, a 220-unit ($165k/unit), 164.8k sf residential community. With this acquisition, ColRich now owns over 1,100 units in the Sacramento MSA.
Lo...
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• San Marcos Mobile Home Community Sells for $11.5 Mil
7/15/19
El Dorado Park, an 8.27-acre mobile home community located in San Marcos, sold for $11.5 mil. The property is located at 1515 Capalina Rd, west of I-15 and just north of Hwy 78.
El Dorado Park includes 93 mobile home spaces ...
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• West Los Angeles Apartment Property Sale Comes in at 3.7% Cap Rate
7/12/19
An OC-based private investor paid $3.29 mil for Ocean Park Gardens, a seven-unit ($470k/unit) apartment property located on the Westside of Los Angeles. The deal had a closing cap rate of 3.7% and a price per square foot of ...
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• West Los Angeles Land Assemblage Sale Goes for Over $600/sf
7/11/19
A rare triple-lot multifamily assembly in West Los Angeles has sold for $9.4 mil, or $613/sf. The properties are located at 10448, 10456 and 10460 Santa Monica Blvd, just west of Beverly glen Blvd at the edge of Century City....
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• Affordable Seniors Housing Project Breaks Ground in the East Bay
7/11/19
Alameda Point Senior Apartments, a 60-unit affordable rental community for seniors age 62 and older in the East Bay city of Alameda, has just broken ground. The project is being built through a partnership between Eden Housin...
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• Apartment Building in L.A.’s Los Feliz Neighborhood Trades at 3.42% cap rate
7/11/19
A 16-unit multifamily community in Los Angeles’ Los Feliz neighborhood was purchased for $5.45 mil ($340.6k/unit) by an unidentified family trust. The property is located at 2807-2813 St George St, south of Los Feliz Blvd and...
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• Vegas Multifamily Portfolio Trades in $137 Mil Deal
7/10/19
A three-community, 1,194-unit multifamily portfolio in Las Vegas traded hands in a $137.5 mil ($115.2k/unit) transaction. The assets were sold by Continental Realty Advisors Ltd (CRA) and San Francisco-based real estate inves...
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• Apartment Building in L.A.’s Silverlake Area Sells for $281k/Unit
7/10/19
A 32-unit apartment building in the Echo Park area of Los Angeles traded hands in a recent $9 mil deal, giving the property a per unit price of $281.3k. The property is located at 1416 Echo Park Ave, east of Alvarado St and n...
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• Two Belmont Multifamily Properties Fetch $25 Mil in Separate Deals
7/09/19
We’ve learned of two multifamily property sales totaling $25 mil in the Bay Area city of Belmont, a high-barrier to entry market in San Mateo County. Adam Levin and Robert Johnston with Levin Johnston represented the seller, ...
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