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• Raintree Partners Spends $79 Mil on Glendale Multifamily Portfolio
6/06/19
Raintree Partners has acquired a portfolio of seven multifamily properties totaling 231 units located in the Los Angeles submarket of Glendale for $79 mil, or $342k/unit. The acquisition is aligned with the firm’s investment ...
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• The Community Development Trust and Southport Financial Services Team Up in $37 Mil Affordable Housing Venture in CA’s Central Valley
6/05/19
The Community Development Trust (“CDT”), which provides long-term debt and equity capital for the creation and preservation of affordable housing and charter school facilities, announced a new $37 mil joint venture with South...
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• Meta Housing and Western Community Housing to Build 44-Unit Affordable Housing Project in Roseville
6/05/19
Meta Housing Corporation and Western Community Housing Inc are set to develop Main Street Plaza Apartments, a 44-unit, mixed-use affordable housing complex at the northeast corner of Washington Blvd and Main St in Roseville. ...
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• Investors Trade 27 Res Units in Palm Springs for $2.26 Mil
6/04/19
Two multifamily communities containing a combined 27 units in Palm Springs were purchased by a private investor for $2.26 mil ($83.7k/unit).
The properties, located at 2000 E. Sahara Rd and 2003 Desert Park, sit in one of t...
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• OC Multihousing Market Set Record with Highest Average Asking Rent in 1Q 2019
6/03/19
The average asking rent for Orange County multifamily housing set a new record in 1Q 2019, according to the latest data from real estate services firm NAI Capital. The average asking rent hit $1,979/unit, up 0.5% from the pri...
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• Santa Maria Res Development Refinanced with $35 Mil Take-Out Loan Prior to Completion
6/03/19
Dynamic Development Company has financed Refugio Apartments, a 125-unit luxury townhome rental community in Santa Maria, with a take-out loan of $35 mil. The refi, arranged by JLL Capital Markets and provided by Annaly Capita...
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• San Fernando Valley Multifamily Property Sells for $24 Mil
5/31/19
Park Terrace Apartments, a 100-unit multifamily property in the central San Fernando Valley community of Reseda, sold for $23.95 mil ($239.5k/unit).The property is located at 6425 Reseda Blvd, just north of Victory Blvd.
Com...
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• Private Investor Trades Four Multifamily Properties into One 77-Unit Asset in Redwood City
5/31/19
A private investor acquired a 77-unit apartment community in Redwood City for $40 mil ($520k/unit) as part of a 1031 exchange. The property, 926 Woodside, is located in the coveted Palm Park neighborhood with direct access to...
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• San Francisco Multifamily Property Trades in Transaction Worth over $300 Mil
5/30/19
Northwestern Mutual has purchased Jasper, a 319-unit, luxury high-rise apartment building in San Francisco, in a deal pros estimate came in around $306 mil ($959k/unit). The asset was acquired from Crescent Heights, free and ...
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• Downtown Los Angeles Multifamily Refinanced with $128 Mil Loan
5/30/19
Geoff Palmer has secured $128.1 mil in financing for Orsini II, a 566-unit, institutional-quality multifamily property in Downtown Los Angeles. The new loan replaces a $115.2 mil floating rate loan secured for the property in...
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• TOD Development Site in Seattle Fetches $17.3 Mil
5/29/19
A 24.2k sf, transit-oriented development site in Seattle’s University District, has sold for $17.26 mil. The buyer is a developer of multifamily properties that plans to develop a mixed-use, high-rise building that will inclu...
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• Draftsmen & Craftsmen
5/28/19
In a construction milestone at a new residential rental development in Danville, framing has begun on the Alexan Downtown Danville, a 144-unit luxury community within walking distance of Danville’s Historic Downtown District....
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• Westwood Apartment Building Sells for Over $900k/Unit
5/28/19
A private investor paid $13.7 mil for a 15-unit ($913k/unit) multifamily property in Westwood, in an off-market deal. The property is located at 10630 Wilkins Ave, east of Westwood Blvd between Wilshire and Santa Monica Blvds...
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• Community Preservation Partners Completes Rehabilitation of 48-Unit Low-Income Housing Portfolio in Los Angeles
5/28/19
Community Preservation Partners (CPP) has completed an $11.9 mil rehabilitation of The Curtis Johnson Apartments, a six-building, 48-unit low-income residential portfolio in and around the Vermont Harbor neighborhood of Los A...
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• Pathfinder Partners Picks Up 132-Unit OR Multifamily Community for $29 Mil
5/24/19
Pathfinder Partners has acquired Creekside Village Apartments, a 132-unit multifamily community in Vancouver, WA, for $29 mil ($219.7k/unit). The asset, located at 3100 Falk Rd, was acquired from an affiliate of the ConAm Gro...
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• $46 Mil Gershwin Sale Provides Local Investor Opportunity to Compose New Value at Hollywood Asset
5/24/19
The Gershwin Apartments, a 172-unit, mixed-use development in Hollywood, was acquired by a local real estate entity for $46 mil in a transaction that took just 35 days to close escrow. The property is located at 5533 Hollywoo...
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• Point Loma Mixed-Use Development Refinanced with $20.5 Mil
5/23/19
Murfey Company and Bishop Ventures recently obtained $20.5 mil in financing for The Californian, a luxury residential and retail mixed-use development in the coastal San Diego submarket of Point Loma.
The Californian is sit...
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• Long Beach Apartment Property Sells for almost $300k/Unit
5/23/19
A two-building, six-unit apartment property in Long Beach sold for $1.775 mil ($296k/unit). The property, located at 1969 Cedar Ave in the city’s South Wrigley submarket, was purchased by a Los Angeles-based private investor....
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• Calvera Partners Closes $16 Mil Res Buy in Alameda
5/23/19
Calvera Partners has acquired a 52-unit apartment building in Alameda for $15.95 mil ($307k/unit), in a deal that marks the final acquisition for the firm’s current discretionary investment fund. The purchase is part of Calve...
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• Upscale Mixed-Use Complex Opens Its Doors in Burbank’s Media District
5/22/19
Talaria Burbank, a new mixed-use development in Burbank, has opened its doors and is welcoming new residents. Developed by Cusumano Real Estate Group, Talaria features 241 designer apartment homes, anchored by a 42k sf Whole ...
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