|
• The Bascom Group Buys 96-Unit Res Property in New Mexico
3/11/24
The Bascom Group LLC has acquired San Miguel Court Apartments, a 96-unit multifamily community in Santa Fe, New Mexico. The price was disclosed.
Built in 1974 built, San Miguel Court Apartments is a garden-style multifamily ...
|
• IDEAL Capital Group Buys Phoenix Area Multifamily Community for $108 Mil
3/11/24
IDEAL Capital Group purchased Sentio, a 325-unit, LEED® Silver, Class A multifamily community in North Phoenix, in a $108 mil ($332.3k/unit) transaction. The property, located at 3600 W Happy Valley Rd in Glendale, was sold b...
|
• Huntington Beach Development Site Trades in $10.25 Mil Transaction
3/08/24
A one-acre redevelopment site in Huntington Beach sold for $10.25 mil. The site, located at 1810 Pacific Coast Highway, was acquired by WJK Development. The buyer plans to utilize the site to develop boutique luxury homes.
...
|
• PCCP LLC and Alliance Residential Purchase Santa Clara Res Community in $125 Mil Deal
3/07/24
A joint venture of PCCP LLC and Alliance Residential has acquired Prado, a 251-unit, mid-rise apartment community in Santa Clara for $125 mil ($498k/unit). Prado was built by SummerHill Homes and delivered in April 2021.
The...
|
• Bakersfield Multifamily Property Goes for $16.5 Mil
3/07/24
Vantage Point Apartments, a 144-unit multifamily community in Bakersfield, was acquired by a Central Valley-based investor, in a $16.5 mil ($114.6k/unit), off-market transaction.
Built in 1985, the garden style community sit...
|
• Kennedy Wilson’s Real Estate Debt Platform Reaches $7 Bil in Originations
3/06/24
Kennedy Wilson’s real estate debt investment platform more than doubled in size in the past year and has reached $7 bil in originations with a strong pipeline of new opportunities.
The milestone comes on the heels of Kenned...
|
• Helio Group Acquires Culver City Res Community with $40 Mil Loan
3/06/24
Helio Group recently purchased Cobalt Apartments, a 135-unit multi-housing asset with 14.8k sf of ground floor retail in Culver City, for about $68 mil. The deal was financed with an acquisition loan of $40 mil from a regiona...
|
• New Rental Home Project in Goodyear, AZ is Finished
3/06/24
TerraLane at Canyon Trails South, a 297-residence rental home project in Goodyear, AZ has been completed. It is being developed by.
TerraLane at Canyon Trails South is located at 25 North 173rd Ave, less than a mile south of...
|
• Multifamily Community Near Cal State Fresno Campus Sells for $30 Mil
3/05/24
The Victor, a 232-unit multifamily community, was purchased by a Central Valley-based private investment group in a recent $30 mil ($129.3k/unit) transaction. We’re told this marks the largest multifamily transaction to close...
|
• Portland Mixed-Use Asset Lands New Owner
3/05/24
The Beverly, a boutique mixed-use asset located in Portland’s Hollywood District, traded hands. The property consists of 48.7k sf of retail space anchored by Whole Foods Market, along with 53 high-end residential units above....
|
• Balfour Pacific Capital and Stone View Holdings Pick Up Two Res Communities in Phoenix
3/05/24
Balfour Pacific Capital and Stone View Holdings have acquired a two-property portfolio of build-to-rent multifamily communities in Phoenix. The deal was financed with a two-year, $37.25 mil bridge acquisition loan to allow fo...
|
• Legacy Partners and Bridge Investment Group Wrap Up Work on Texas Res Community
3/05/24
Legacy Partners and Bridge Investment Group have completed work on Ovation at Galatyn Park, a 361-residence apartment community in the northeastern Dallas suburb of Richardson, TX.
Designed by WDG, Ovation at Galatyn Park i...
|
• Orange County Multifamily Portfolio Lands $225 Mil in Financing
3/01/24
A long-time OC-based multifamily owner/investor has obtained $224.7 mil in financing for a six-property, 1,192-unit multifamily portfolio in Orange County. Five properties in the portfolio were refinanced in order to secure e...
|
• Mixed-Use Project Nearing Completion in Lemon Grove
3/01/24
Construction on Kelvin, a 66-unit contemporary mixed-use community at 7950 Broadway in Lemon Grove, is nearing completion, bringing much needed housing to a rapidly growing San Diego County neighborhood.
Owned and developed...
|
• FPA Multifamily Acquires Ventura County Res Portfolio in $153 Mil Transaction
2/29/24
A two-property, 409-unit multifamily portfolio in Ventura County traded hands in a recent transaction worth $153 mil, or $374k/unit. The deal includes Oakview Apartment Homes, a 242-unit asset built in 1970 in Westlake Villa...
|
• Tower 16 Capital Partners Closes $43 Mil Multifamily Buy in Reno
2/29/24
San Diego-based Tower 16 Capital Partners has acquired The Deco at Victorian Square, a 209-unit multifamily property located in Reno, NV, in a $43 mil ($206k/unit) transaction.
Built in 2021, The Deco is located at 955 Avenu...
|
• Apartment Building in L.A.’s Melrose Area Goes for $330k/Unit
2/29/24
A 10-unit apartment property in Los Angeles’ Melrose area sold for $3.3 mil, or $330k/unit. Built in 1965, the property is located at 812 N Martel Ave, a block north of Melrose Ave between Fairfax and La Brea Aves.
The value...
|
• Bridge Investment Group Lands $81 Mil Refi Loan on Jurupa Valley Res Community
2/29/24
Bridge Investment Group has obtained an $81.1 mil Freddie Mac Optigo® loan to refinance a 397-unit multifamily property in Jurupa Valley, CA.
Vernola Marketplace Apartments is a luxury multifamily property built in 2022. A...
|
• San Fernando Valley Apartment Building Trades for $156k/Unit
2/28/24
A 20-unit apartment property in the eastern San Fernando Valley community of Panorama City sold for $3.115 mil ($156k/unit). Built in 1958, the property is located at 14735 Blythe St, west of Van Nuys Blvd and south of Roscoe...
|
• Alliance Residential Finishes Work on 264-Unit Res Development in Irvine
2/28/24
Broadstone Edition, a 264-unit res development in Irvine, has been completed. The project, developed by Alliance Residential and designed by KTGY, will offer a mix of market-rate and affordable residences.
Located at 1100 St...
|
Return to the Multifamily area
