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• Brandywine Homes Starts Work on Townhome Community Next to Candlewood Country Club in Whittier
8/01/18
Brandywine Homes has broken ground at Candlewood Villas, a 53-townhome community located on 3.96 acres adjacent to the Candlewood Country Club golf course in Whittier. The project is scheduled to open for sale by March 2019.
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• GVA Real Estate Group Buys 364-Unit Multifamily Asset in Texas
8/01/18
GVA Real Estate Group has purchased Huntington Glen Apartments, a 364-unit multifamily property in Houston. The property was sold by a joint venture partnership of L5 Investments and BH Equities, who acquired the asset in 201...
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• Two Los Angeles Multifamily Sales Comps total $6.27 Mil
8/01/18
We’ve got two Los Angeles multifamily sales briefs to share. The deals account for 16 units with a combined price of $6.27 mil.
In the larger transaction, a nine-unit building at 11642 Kiowa Ave, north of Wilshire Blvd betwe...
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• The Bascom Group Closes $12.5 Mil LA Area Multifamily Buy
7/31/18
The Bascom Group LLC has acquired Island Apartments, a 78-unit apartment community located in Southeast Los Angeles, for $12.55 mil ($161k/unit). The community was constructed in 1957 and is located at 8222 Rosemead Blvd, eas...
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• San Marcos Apartment Property Trades for $195k/Unit
7/31/18
A 20-unit apartment complex in San Marcos sold for $3.9 mil, or $195k/unit. The 16.7k sf property sits on a 30k sf lot at 180 Las Flores Dr, between Hollencrest Rd and Polley Dr.
The unit mix of the property consists of all ...
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• Trion Properties Completes Fifth Portland Area Res Buy so Far this Year
7/30/18
Trion Properties has just closed on its fifth acquisition in the Portland area so far this year, with the $10.5 mil purchase of Springbrook Gardens, an 84-unit multifamily property in Aloha, OR. Springbrook Gardens, located ...
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• Tower 16 Capital Partners and Henley USA Team Up in $50 Mil Vegas Apartment Buy
7/27/18
Tower 16 Capital Partners, in a joint venture with Henley USA, has acquired Foothill Village, a 512-unit multifamily project in the Las Vegas submarket of Spring Valley. The property was acquired on an off-market basis from a...
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• Transwestern Team Brokers $275 Mil of Apartment Sales in North Texas
7/26/18
Transwestern brokered the sales on 12 apartment communities in North Texas, totaling 3,200 units in transactions valued at a combined $275 mil. Transwestern’s Taylor Snoddy, Philip Wiegand and James Roberts negotiated the dea...
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• 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...
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• 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...
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• 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...
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• 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...
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• 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...
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• 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...
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• 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, ...
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• 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...
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• 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 ...
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• 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....
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• 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 ...
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• 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...
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