|
• Pathfinder Partners and Silvergate Development to Develop 130-Unit Apartment Community in La Mesa
7/26/18
Pathfinder Partners LLC has partnered with San Diego-based developer, Silvergate Development LLC, to acquire Little Flower Haven – a 4.1-acre former convent and senior retirement community in La Mesa, in east San Diego County...
|
• Pasadena Multifamily Community Sells for $66 Mil
7/25/18
The Andalucia, a newly built, 118-unit, resort-style multi-housing community in Pasadena, was purchased for $66.08 mil ($560k/unit) by a foreign investor. The property was sold by a joint venture between Mack Real Estate Deve...
|
• Alpha Wave Investors Buys 94-Unit Res Asset in Salt Lake City
7/25/18
A subsidiary of Alpha Wave Investors LLC has acquired Park Station Apartments, a 94-unit multifamily property in the Salt Lake City submarket of Midvale, UT. Constructed in 1974, Park Station Apartments is located at 7155 Hig...
|
• Realm Group Spends $24 Mil on Res Development Site in Los Angeles’ Fashion District
7/24/18
Realm Group LLC has acquired a 1.7-acre parcel of land in the Fashion District of Downtown Los Angeles for $24.25 mil. The site is entitled and planned for the development of a 33-story, 452-unit high-rise multifamily communi...
|
• CA Home Sales Continue to Slow as Prices Increase Again
7/24/18
California’s median home price edged higher to another peak in June as year-over-year home sales lost steam for the second straight month, according to the latest data from the California Association of Realtors® (C.A.R.).
C...
|
• Presidio Residential Capital and Williams Homes Acquire Land for 33 Housing Units in Southeastern San Luis Obispo
7/24/18
Presidio Residential Capital and Williams Homes recently acquired property in southeastern San Luis Obispo to build the first 33 units of a 113-unit community called The Arroyos at Righetti. This new neighborhood will be par...
|
• Belmont Shores Apartment Complex Sells for Almost $400k/Unit
7/16/18
A private investor paid $3.1 mil for Belmont Shore Oceanfront Apartment Homes, an eight-unit ($387.5k/unit) multifamily property in Long Beach, in an all-cash deal.
Located directly across from the beach at 5281 Ocean Blvd, ...
|
• NorthMarq Capital Arranges $251 Mil on SoCal Multifamily Portfolio
7/16/18
NorthMarq Capital has arranged financing of $251.5 mil on a portfolio of eight apartment communities throughout Orange and Los Angeles counties in California. Seven of the loans were refinance transactions; one, Stadium House...
|
• Local Investment Entity Pays $400k/Unit for Costa Mesa Res Community
7/12/18
Sundance West Apartment Homes, a 41-unit apartment community situated in Costa Mesa, sold for $16.35 mil ($399k/unit). It was acquired by an Orange County-based private family investment partnership that assumed the existing ...
|
• Long Beach Multifamily Sale Tops $50 Mil
7/12/18
In a Long Beach multifamily buy, Emeryville-based based HFH Limited paid $50.8 mil for Patio Gardens, a 127-unit apartment community located at 4874 East Los Coyotes Diagonal, in the Traffic Circle neighborhood of Long Beach....
|
• Phoenix Multifamily Asset Trades for $59k/Unit
7/11/18
Phoenician Villa Apartments, a 93-unit multifamily property in Phoenix, AZ, was purchased by Thomas Pride International and ECOHAUS Real Estate for $5.5 mil ($59k/unit). The seller was Neilstate Investment Properties, LLC, a ...
|
• Work Started on Upscale West Hollywood Res Project
7/09/18
Darmos Properties has begun construction on Kings 838, a 37k sf, luxury apartment complex located at 838 N. Kings Rd in West Hollywood. The property, situated in the heart of West Hollywood near the Melrose Ave Shopping Distr...
|
• MBK Senior Housing Pays $382 Mil for Portfolio of Senior Housing Properties on the West Coast
7/09/18
MBK Senior Living closed on a major West Coast res buy, paying $382 mil for the West Living Portfolio, a collection of nine top-quality senior housing communities located in CA, WA and AZ. The properties, totaling about 1,200...
|
• Work Started on New Affordable Senior Housing Project in L.A.’s Crenshaw Corridor
7/06/18
Construction has started on The Curve @ West Angeles Senior Apartments, a 70-unit residential project located near the intersection of Crenshaw Blvd and 54th St in the Park Mesa Heights area of Los Angeles. The development, a...
|
• Pathfinder Partners Buys 125-Unit Multifamily Property in the Seattle-Tacoma Area
7/05/18
Pathfinder Partners has purchased Astoria Apartments, a 125-unit multifamily community located in the Seattle-Tacoma metro area, for $18 mil, or $144k/unit. Built in 1982, the community is situated on 5.7 acres at 5700 23rd S...
|
• Strategic Legacy Investment Group Breaks Ground on Hollywood Res Development
7/03/18
Strategic Legacy Investment Group (SLIG) has broken ground on La Mirada @ Central Park Smart Apartments in Hollywood. The firm celebrated the occasion with a groundbreaking ceremony last Sunday, July 1.
La Mirada @ Central P...
|
• Positive Investments Closes on $33 Mil Res Buy in Victorville
7/03/18
Arcadia-based Positive Investments closed on the acquisition of two multifamily properties in Victorville, totaling 320 units, for a combined price of $33 mil.
One of the properties, The Colony, is located at 14450 El Evado ...
|
• AZ Multifamily Property Traded in $7.5 Mil Deal
7/03/18
Williams Gateway Apartments, a 72-unit, garden-style apartment complex in Gilbert, AZ, sold for $7.5 mil, or about $104k/unit. The property is located at 5850 S. Power Rd, just west of Phoenix-Mesa Gateway Airport.
Built in ...
|
• The Certe Group Buys Avilla Heights Apartment Complex in Chandler, AZ
7/03/18
San Diego-based The Certé Group LLC has acquired Avilla Heights, a luxury 116-unit apartment complex in Chandler, AZ. Although we don’t have the purchase price, we do know that the deal was financed with an $18.3 mil Fannie M...
|
• Trion Properties Buys 156 Res Units in Tigard, OR
7/02/18
Trion Properties has acquired Pacific Crest Apartments, a 156-unit multifamily community in the Portland submarket of Tigard, OR, for $28 mil ($180k/uit). This is Trion’s tenth acquisition in the greater Portland area in just...
|
Return to the Multifamily area
