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• Construction Underway on T.O.D. in Los Angeles’ Koreatown Neighborhood
6/12/18
Canfield Development is underway with construction of The Kenmore, a 69-unit, 70k sf multifamily complex in the heart of L.A.’s Koreatown neighborhood. The $22 mil project, located at 435 South Kenmore Ave, was designed by Na...
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• Affordable Housing Project Breaks Ground in East Los Angeles
6/12/18
Meta Housing Corporation has broken ground on Whittier & Downey SE, a 71-unit affordable housing community in East Los Angeles that will be developed with permanent supportive housing and 3.4k sf of community serving retail. ...
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• Multifamily Property in Long Beach’s Bixby Knolls Submarket Trades for $4.9 Mil
6/11/18
San Antonio Apartments, a 20-unit apartment community in the Bixby Knolls submarket of Long Beach, sold for $4.88 mil, or $244k/unit. The deal closed at a 4.2% cap rate.
Built in 1948, the 22.2k sf, two-story building is loc...
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• Vegas Multifamily Property Trades for $15 Mil
6/11/18
Alpha Wave Investors has acquired Cypress Springs Apartments, a 144-unit multifamily community situated in the Centennial Hills submarket of Las Vegas, for $15 mil ($104k/unit) in an off-market transaction. The property is lo...
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• La Mesa Residential Asset Purchased for $14 Mil
6/06/18
Rimrock Apartments, located at 8420 Buckland St in La Mesa, was purchased for $14.1 mil by Joehnk LLC, a Wyoming-based closed limited liability company. The 62-unit ($227.4k/unit), garden-style residential community provides ...
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• Flagstaff Value-Add Multifamily Property sells for $163k/Unit
6/06/18
Phoenix-based Kinsey Ridge Apartments LLC, an entity formed by Edgehill Investments LLC, purchased Kinsey Ridge, a 44-unit, multifamily community in Flagstaff, AZ, for $7.175 mil ($163k/unit). The asset, located at 1718 N For...
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• Peak Capital Partners Buys 171-Unit Affordable Housing Property in Washington
6/06/18
Peak Capital Partners acquired Ventana, a 171-unit affordable multifamily property in Kent, WA, for $18.85 mil, or $110.2k/unit. The purchase was financed with a $15.1 mil, 10-year floating rate loan provided by Freddie Mac.
...
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• Phoenix Apartment Community Traded in $59 Mil Transaction
6/04/18
Security Properties, in a venture with funds managed by Oaktree Capital Management L.P., has acquired Pavilions on Central, a 254-unit multifamily property located in Phoenix, for $59 mil ($233k/unit). With this deal, Securi...
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• Emma Capital Investments Spends Over $22 Mil on Phoenix Multifamily Community
6/04/18
Emma Capital Investments Inc has purchased Zazu Apartments, a 184–unit garden style multi-family apartment community in Phoenix, for $22.25 mil ($121k/unit). The property, located at 1502 East Osborn Rd, represents Emma Capit...
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• Encinitas Development Site Trades Hands
6/04/18
A 4.42-acre residential development land parcel in Eninitas traded hands. The property, located at 710 Requeza St, was purchased by Requeza 13 LP.
710 Requeza St is entitled for the development of 13 single-family residentia...
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• Beverly Hills Apartment Comp Goes for $391k/Unit
6/04/18
An eight-unit apartment property in West Hollywood sold for $3.13 mil, or $391k/unit. The property is located at 141 N. Swall Dr, just three blocks from Beverly Hills.
Built in 1929, the two-story building includes four one-...
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• San Jose Multifamily Property Traded by Private Investors in $12.5 Mil Deal
6/01/18
First Street Manor, a 39-unit multifamily community situated in close proximity to Google’s newest proposed tech campus, Google Village, in downtown San Jose, has sold for $12.5 mil, or $320.5k/unit. The buyer plans to perfor...
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• Mass Equities and The Ezralow Company Acquire Development Site in Downtown Longmont, CO
6/01/18
Mass Equities Inc and The Ezralow Company have acquired 150 Main Street, a 6.8-acre parcel in downtown Longmont, CO. The property is slated to contain a $70 mil mixed-use development comprising four buildings. Phase One of th...
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• RK Properties Pays $59 Mil for Vegas Apartment Property
5/31/18
RK Properties, out of Long Beach, closed on an institutional multifamily buy in Las Vegas, paying $59.25 mil for Montecito Pointe, a 336-unit ($176.3k/unit) luxury apartment community in northwest Vegas. The property was sold...
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• Tower 16 Capital Partners and Henley USA Buy 228-Unit Res Asset in Las Vegas
5/31/18
San Diego-based Tower 16 Capital Partners and Henley USA have partnered to launch Altura, a new brand of multifamily apartment communities in Las Vegas. The partnership made their first acquisition last month, a 228-unit Clas...
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• Chandler, AZ Land Sold for Residential Development
5/30/18
An 18.8-acre development site in Chandler, AZ sold for $4.93 mil. The land, located at Gilbert Rd and Ocotillo Rd, was purchased by Scottsdale-based AV Homes of Arizona LLC. The buyer plans to build 43 residential lots (85’ x...
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• Kennedy Wilson Sells Six Properties Totaling 2,200 Units
5/30/18
Kennedy Wilson collected $422 mil from the sale of a six-property multifamily portfolio totaling 2,199 units. The asset sales are expected to generate net proceeds to Kennedy Wilson of approximately $104 mil. The company has ...
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• TruAmerica Multifamily and Oaktree Capital Management Spend $142 Mil on Properties in Phoenix and Las Vegas
5/30/18
TruAmerica Multifamily and Oaktree Capital Management have teamed up in the purchase of two multifamily properties in Phoenix, AZ and Las Vegas, NV in separate transactions totaling $142.1 mil. The assets have a combined 880 ...
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• AZ Student Housing Property Purchased in $17.5 Mil Deal
5/29/18
March Investment LLC, an entity formed by Phoenix-based Clear Sky Capital, purchased University Villa at Ironwood, a 140-unit student housing property located just west of the University of Arizona campus in Tucson for $17.45...
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• Alliance Residential Buys Nine Acres of Development Land from Arizona State University
5/25/18
Phoenix-based Alliance Residential paid $11.25 mil for 9.29 acres of Arizona State University (ASU) surplus land, located at the southeast corner of Rio Salado Parkway and Price Road in Tempe, AZ. The land was sold by ASU.
A...
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