|
• Work Started on Upscale Res Development in L.A.’s Silver Lake Neighborhood
8/20/18
Bolour Associates has broken ground on a 65-unit, luxury apartment complex in the Silver Lake neighborhood of Los Angeles. The $24 mil project is located at 3160 Riverside Dr, adjacent to I-5 at Hyperion Ave.
The new develop...
|
• Local Investor Buys Nine-Unit Apartment Building in West Hollywood
8/17/18
The Hayworth Apartments, a nine-unit apartment property in West Hollywood, traded hands in a recent $2.76 mil ($307k/unit) deal. Located at 1023 North Hayworth, the property is in a prime location near the shops and restauran...
|
• Work Started on High-Rise Apartment Project in L.A.’s Miracle Mile
8/17/18
JH Snyder Company and its partner, OGO Associates, have started construction on the Residences at Wilshire Curson, a 20-story state-of-the-art apartment building that will join the SAG-AFTRA Plaza site in the heart of the Mir...
|
• Tierra Properties Buys 10-Unit Apartment Building in West Hollywood
8/16/18
Tierra Properties paid $3.3 mil for a 10-unit ($330k/unit) apartment property in West Hollywood. The asset was sold by a Los Angeles-based private investor.
Built in 1963, the two-story building is located at 1131 N. Fuller ...
|
• Local Investor Pays $268k/Unit for Multifamily Asset in Concord
8/15/18
Civic Center Apartments, a 28-unit multifamily property in the highly sought-after downtown area of Concord, sold for $7.5 mil ($268k/unit). The asset was acquired by a local buyer, PTLA Real Estate Group.
Located at 1870 an...
|
• San Diego Apartment Building Goes for $265k/Unit
8/14/18
Winslow Family LP, a local real estate investor, purchased 4290 Mount Abernathy, a 26-unit apartment building located in the central Clairemont area of San Diego, for $6.9 mil ($265k/unit). The property is located west of I08...
|
• Home Affordability in California Drops to Lowest Level in 10 Years
8/14/18
Record home price increases and higher interest rates combined to constrain California housing affordability to the lowest levels in 10 years, according to the lates research from the California Association of Realtors® (C.A....
|
• Silicon Valley Multifamily Project Lands $121 Mil in Development Money
8/13/18
In a large multifamily financing deal out of Silicon Valley, Anton DevCo has obtained a $121.7 mil participating mortgage for the development of Anton Milpitas 730, a 266-unit, Class A multi-housing community with 1.8k sf of ...
|
• 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...
|
• 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...
|
• 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...
|
• 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...
|
• $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...
|
• 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...
|
• 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...
|
• 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...
|
• 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...
|
• 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 ...
|
• 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...
|
• 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...
|
Return to the Multifamily area
