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• UPstART Opens Newest Shared Room Community in East Hollywood
8/10/18
UPstART, a communal housing operator and private club for artists and musicians, has opened Harvard House, a 96-bed community located at 816 N Hobart Blvd in the East Hollywood region of Los Angeles California.
UPstART op...
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• Luxury Res Community in Costa Mesa Opens to the Public
8/10/18
580 Anton, a new five-story, 250-unit luxury apartment community in the Orange County city of Costa Mesa, has just opened to the public. The project is a development of Legacy Partners.
Legacy acquired the land in May 2015 i...
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• TruAmerica Multifamily and Intercontinental Real Estate Corporation Buy 527-Unit TOD Apartment Community in La Mesa
8/09/18
TruAmerica Multifamily has teamed up with Intercontinental Real Estate Corporation in the purchase of the leasehold interest in the largest transit-oriented development in San Diego County, the 527-unit Alterra & Pravada at G...
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• Academy West Investments Acquires 395-Bed Housing Complex Adjacent to University of Nevada, Reno
8/09/18
Academy West Investments (AWI), out of Orange County, has acquired Wolf Run Village and Wolf Run East, a residential housing complex located at the University of Nevada, Reno. The purchase was funded with $33.1 mil in joint...
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• $10.25 Mil Buys 35-Unit La Mesa Res Property
8/09/18
In La Mesa, RM Realty paid $10.25 mil for Enclave at Lake Murray, a 35-unit ($293k/unit), newly renovated, garden-style property. The property, located at 5476 Kiowa Dr, approximately 15 minutes northeast of downtown San Dieg...
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• SummerHill Homes Pays $13 Mil/Acre for Mountain View Dev Site
8/09/18
SummerHill Homes paid $22.5 mil for a 1.72-acre land parcel in Mountain View. The land parcel is located near the intersection of West Middlefield Rd and Rengstorff Ave in Mountain View, in close proximity to the Google headq...
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• Pathfinder Partners Completes Its Fifth Res Buy in the Denver Metro in the Past 18 Months
8/08/18
In a recent Colorado multifamily buy, Pathfinder Partners, out of San Diego, purchased Verona Park Apartments, a 119-unit community in the Denver metro area, for $18.3 mil ($154k/unit).
Built in 1972, the community is situa...
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• New Res Project in L.A.’s Koreatown Lands $22 Mil in Financing
8/07/18
A joint venture between Index Real Estate Investments Inc and Ketter Construction has secured $22.3 mil in financing for the ground-up development of a 51-unit workforce multifamily property with 3.4k sf of ground-floor retai...
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• Los Angeles Multifamily Development Lands $35 Mil in Financing
8/06/18
Lion Real Estate Group has obtained $35 mil in financing on EastView Apartments, a newly completed, 121-unit, Class A apartment property adjacent to Downtown Los Angeles. The property is located at 327 N. Boylston St, just ou...
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• Gelt Buys 588 Res Units in San Antonio
8/06/18
Gelt Inc has acquired a two-property apartment portfolio totaling 588 units in San Antonio, TX. The two adjacent properties include Barcelo, a 288-unit community located at 3501 Pin Oak Drive, and Melia, a 300-unit community ...
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• Culver City Development Site Sells for $700/sf
8/03/18
By Allen Wolfsheimer
California Landmark Group has acquired a 10k sf development site in Culver City for $7 mil, or about $700/sf. The seller was Napa Industries.
Fariba Kavian and Sam Monempour with NAI Capital represented...
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• Colorado Residential/Retail Development Refinanced with $118 Mil Senior Loan
8/03/18
PCCP LLC has issued a $118.5 mil senior loan to a joint venture between Sightway Capital, The Pollin Group, and Catalina Development Company for the refinance and stabilization of Forum Fitzsimons, a new construction, multifa...
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• Brandywine Homes Starts Work on Townhome Community Next to Candlewood Country Club in Whittier
8/01/18
Brandywine Homes has broken ground at Candlewood Villas, a 53-townhome community located on 3.96 acres adjacent to the Candlewood Country Club golf course in Whittier. The project is scheduled to open for sale by March 2019.
...
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• GVA Real Estate Group Buys 364-Unit Multifamily Asset in Texas
8/01/18
GVA Real Estate Group has purchased Huntington Glen Apartments, a 364-unit multifamily property in Houston. The property was sold by a joint venture partnership of L5 Investments and BH Equities, who acquired the asset in 201...
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• Two Los Angeles Multifamily Sales Comps total $6.27 Mil
8/01/18
We’ve got two Los Angeles multifamily sales briefs to share. The deals account for 16 units with a combined price of $6.27 mil.
In the larger transaction, a nine-unit building at 11642 Kiowa Ave, north of Wilshire Blvd betwe...
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• The Bascom Group Closes $12.5 Mil LA Area Multifamily Buy
7/31/18
The Bascom Group LLC has acquired Island Apartments, a 78-unit apartment community located in Southeast Los Angeles, for $12.55 mil ($161k/unit). The community was constructed in 1957 and is located at 8222 Rosemead Blvd, eas...
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• San Marcos Apartment Property Trades for $195k/Unit
7/31/18
A 20-unit apartment complex in San Marcos sold for $3.9 mil, or $195k/unit. The 16.7k sf property sits on a 30k sf lot at 180 Las Flores Dr, between Hollencrest Rd and Polley Dr.
The unit mix of the property consists of all ...
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• Trion Properties Completes Fifth Portland Area Res Buy so Far this Year
7/30/18
Trion Properties has just closed on its fifth acquisition in the Portland area so far this year, with the $10.5 mil purchase of Springbrook Gardens, an 84-unit multifamily property in Aloha, OR. Springbrook Gardens, located ...
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• Tower 16 Capital Partners and Henley USA Team Up in $50 Mil Vegas Apartment Buy
7/27/18
Tower 16 Capital Partners, in a joint venture with Henley USA, has acquired Foothill Village, a 512-unit multifamily project in the Las Vegas submarket of Spring Valley. The property was acquired on an off-market basis from a...
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• Transwestern Team Brokers $275 Mil of Apartment Sales in North Texas
7/26/18
Transwestern brokered the sales on 12 apartment communities in North Texas, totaling 3,200 units in transactions valued at a combined $275 mil. Transwestern’s Taylor Snoddy, Philip Wiegand and James Roberts negotiated the dea...
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