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• BPM Real Estate Group Set to Break Ground on 35-Story Mixed-Use Tower in Downtown Portland
7/09/19
An affiliate of Mosaic Real Estate Investors has provided BPM Real Estate Group with $460 mil in senior construction financing for a 1 msf, mixed-use development slated to break ground this summer in Portland. The 35-story B...
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• Hawaii Res Community Project Lands Over $40 Mil in Financing
7/08/19
The Michaels Organization has obtained $40.6 mil in financing across four loans for Keahumoa Place Apartments, a new garden-style affordable housing community to be built in Ewa Beach, Hawaii. Located just 20 miles west of Ho...
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• El Cajon Res Property Sells for $184k/Unit
7/08/19
Casa Del Sol Apartments, a 20-unit multifamily complex located in the East County area of San Diego, traded hands for $3.68 mil, or $184k/unit. The 15.4k sf property is located at 922 S. Sunshine Ave, off I-8 in El Cajon.
Th...
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• Venture Between firms in China and Las Vegas Acquires Multifamily Development Site in Seattle
7/03/19
A 16.7k sf multifamily development site in downtown Bellevue, WA sold for $11.26 mil in an off-market deal. The site, located at 10050 NE 10th St, was acquired by Binjiang Limited Partnership (“Binjiang”) and its partner, Mol...
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• LaTerra Development to Develop Two Res Projects in Santa Monica Totaling 99 Units
7/03/19
LaTerra Development has begun construction on the first of two apartment projects in Santa Monica, at the corner of Broadway Ave and Cloverfield Blvd. The second project, at the corner of Santa Monica Blvd and Yale St, is set...
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• Placentia Multifamily Community Goes for $258k/Unit
7/03/19
A 12-unit multifamily community in Placentia sold for $2.9 mil, or about $258k per unit. Located at 911 Cypress Ave, the 9.2k sf property consists of 12 single-story cottages on a lot just under one-acre in size.
Each unit ...
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• AZ Res Property Trades for $30 Mil
7/02/19
Ridge View, a 150-unit luxury apartment community in Fountain Hills, AZ, was acquired by an entity formed by San Francisco-based FPA Multifamily LLC for $30.3 mil, or $202k/unit. The property was sold by San Francisco-based 2...
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• Apartment Building in Hollywood’s Media District Sells for Near $300k/Unit
7/01/19
An eight-unit apartment property in the heart of Hollywood’s Media District traded hands for $2.37 mil ($296k/unit). The property is located at 842 Wilcox Ave, west of Vine St about midway between Santa Monica Blvd and Melros...
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• Concord Pacific Spends $60 Mil on 40k sf Development Site in Downtown Seattle
7/01/19
Concord Pacific has purchased a 38.9k sf, half-block in downtown Seattle, adjacent to Amazon’s headquarters, for a mixed-use multifamily development. Concord Pacific, the largest master-planned urban community builder in Cana...
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• Oakland Multifamily Traded in $14 Mil Transaction
6/28/19
Vermont Apartments, a 44-unit multifamily property in the heart of Oakland's Grand Lake neighborhood, sold for $14 mil, or $318k/unit, in an all-cash deal. The seller was as investor in a 1031 exchange deal.
Constructed in 1...
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• Seattle Mixed-Use Project Receives $31 Mil in Construction Money
6/28/19
Vibrant Cities has obtained $31.3 mil in construction financing for the development of Pivot, a mixed-use residential, office and retail property in Seattle’s Capitol Hill neighborhood. The borrower acquired the development s...
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• Jamison Properties Buys West L.A. Development Site
6/27/19
Jamison Properties paid $16 mil for a residential development site in the heart of West Los Angeles. The 0.65-acre site is located 11600 Santa Monica Blvd, at the intersection with Federal Ave.
The site is suitable for appro...
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• Santa Monica Apartment Sale at $600k/Unit Viewed as a Value-Add Deal
6/27/19
A 14-unit apartment property in Santa Monica sold for $8.5 mil, or $607k/unit. The property, which was 85% occupied at the time of sale, is located at 833 20th St, near the cross street of prestigious Montana Ave, a favorite ...
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• San Diego Apartment Sale Comp Comes in at $368k/Unit
6/26/19
The Madrid, a 19-unit apartment community located at 1530 Chalcedony in San Diego, sold for $7 mil, or $368.4k/unit.
The building includes a mix of large one-bedroom and two-bedroom, two-bath floor plans. It is located in t...
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• Investor Pays $285k/Unit for West Valley Apartment Property
6/26/19
Park Regency, a two-story 44-unit apartment property in the western San Fernando Valley community of Winnetka, sold for $12.55 mil, or $285k/unit. The property is located at 7500 Mason Ave, north of Sherman Way between De Sot...
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• Glendale Apartment Property Trades for $400k/Unit
6/25/19
A 19-unit multifamily community in Glendale sold for $7.6 mil ($400k/unit). Constructed in 1987, the 18.9k sf property sits on a 15k sf lot at 714 E. Acacia Ave.
The unit mix consists of all two-bedroom/two-bathroom apartme...
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• JRK Property Holdings Buys 240-Unit Res Property in the Seattle Area
6/25/19
JRK Property Holdings purchased Santa Fe Ridge Apartments, a 240-unit, garden-style multifamily property in Silverdale, WA, about 24 miles northwest of Seattle. The property, acquired in an off-market deal, boosts JRK’s portf...
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• Sterling Real Estate Partners Closes $20 Mil Res Buy in Phoenix
6/24/19
Sterling Real Estate Partners has acquired Villas de Azul Apartments, a 301-unit multifamily property in Phoenix, for $19.8 mil, or $66k/unit. Built in 1972, the property is located at 2627 N. 45th Ave, north of I-10 and wes...
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• Santa Monica Apartment Building Sells for $450k/Unit
6/24/19
A 10-unit apartment property in Santa Monica’s prime Wilshire-Montana neighborhood sold for $4.5 mil, or $450k/unit. The building is located at 829 Euclid St, Just a few doors south of Montana Ave.
John Swartz and Josh Kapla...
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• Sudberry Properties Starts Work on Scripps Ranch Mixed-Use Redevelopment Project
6/21/19
Sudberry Properties has commenced construction on The Hub at Scripps Ranch, a mixed-use redevelopment project on 9.52 acres. The development is located at 9850 Carroll Canyon Rd, just east of I-15, at the gateway to Scripps R...
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