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• Mixed-Use Development in North Orange County Will Add New Retail and Over 200 Res Units
9/18/18
Brookfield Residential and Frontier Real Estate Investments have started construction of Lantana @Beach and The Village @Beach, a joint mixed-use development in north Orange County. The project – situated at Beach Blvd and Ga...
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• Investor Nabs Two Encinitas Coastal Apartment Properties for $10 Mil
9/13/18
A private investor has acquired a pair of multifamily properties totaling 24 units in Encinitas for $10 mil, or $417k/unit. Located within walking distance of one another, the properties consist of two identical two-story apa...
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• PCCP LLC, Greenfield Partners, Alberta Development and The Fellows Companies Buy 620-Acre Dev Site in Aurora, CO
9/12/18
A joint venture of PCCP LLC, Greenfield Partners, Alberta Development and The Fellows Companies has acquired a 620-acre, fully entitled residential and commercial development site in Aurora, CO, in the Denver metropolitan are...
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• Santa Monica Apartment Property from 1948 Sells for $473k/Unit
9/12/18
The Oak Street Apartments, a six-unit apartment property in the Sunset Park area of Santa Monica, sold for $2.84 mil, or $473k/unit. The property is located at 2450 Oak St, south of Ocean Park Blvd near 23rd St.
Built in 19...
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• Santa Monica Apartment Property Trades at 1.8% Cap Rate
9/11/18
Los Angeles-based MMG Investments paid $2.9 mil for The Vogue Apartments, a six-unit ($483k/unit) apartment property in Santa Monica. Located at 633 9th St, just north of Wilshire Blvd, the property is walking distance to the...
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• The Bascom Group Closes 424-Unit TX Multifamily Buy
9/10/18
The Bascom Group LLC has acquired Jefferson Stonebriar, a newly built 424-unit Class A multifamily community located in Frisco, TX. The asset was sold by the property developer, JPI.
The property consists of three residenti...
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• New $25 Mil Res Project in the Northwestern San Fernando Valley to Get Underway
9/10/18
Watt Communities and Presidio Residential Capital recently broke ground on a 43-unit, gated residential community in the San Fernando Valley called New Heights. Vertical constructionof the $25 mil project is scheduled to begi...
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• Trion Properties Launches Second Investment Fund Vehicle
9/10/18
Trion Properties has launched Trion Multifamily Opportunity Fund II LLC, its second investment fund vehicle. The fund, which will target $50 mil in equity to deliver $150 mil in buying power, will invest in the acquisition, i...
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• Downtown Los Angeles High-Rise Residential Development is Finished
9/07/18
Construction has been completed on 888 at Grand Hope Park, a 34-story, 525-unit apartment tower located at 888 S. Hope St in downtown Los Angeles. The project, a development of CIM Group, also includes 6k sf of ground floor r...
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• TruAmerica Multifamily Closes on $86 Mil OC Res Buy
9/06/18
TruAmerica Multifamily in partnership with capital partner ASB Real Estate Investments on behalf of its Allegiance Real Estate Fund, has acquired Corte Bella, a 251-unit multifamily community in the OC city of Fountain Valley...
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• Newmark Arranges $20 Mil on Six AZ Multifamily Properties
9/06/18
Newmark has secured $20 mil in financing for six separate multifamily properties, five of which are located in Phoenix, AZ. Newmark’s Adam Parker and Chad Metzger arranged the financings, which were funded through various reg...
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• Champion Real Estate Company Buys Its Second Student Housing Community Near the USC Campus
9/05/18
Champion Real Estate Company purchased a 24-unit, 96-bed student housing community in Los Angeles for $12.45 mil ($519k/unit, $130k/bed). The property is located at 2652-2656 Ellendale Place, just south of W. Adams Blvd betwe...
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• Development Site in L.A.’s Westlake/MacArthur Park Neighborhood Goes for $2.9 Mil
9/04/18
An 18k sf site for development of a multifamily property in Los Angeles’ Westlake / MacArthur Park neighborhood sold for $2.875 mil.
Located at 729 South Park View St, the parcel is within a walkable community near MacArthu...
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• American Realty Advisors Purchases 439-Unit Mixed-Use Property in Austin, TX
8/31/18
American Realty Advisors closed on an institutional-quality res buy in Texas, acquiring Northshore, a 38-story, luxury, mixed-use tower in the epicenter of Austin. The property features 439 residential units, and 52k sf of re...
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• Two SoCal Multifamily Sales Generate $10.8 Mil
8/31/18
Two SoCal multifamily properties were purchased by different private buyers in separate deals totaling $10.8 mil. CBRE’s Dan Blackwell represented the seller, a family partnership, in both transactions.
In one of the deals,...
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• San Diego Apartment Comp Comes in at $176k/Unit
8/29/18
The Margaret Hulter Turney Trust of San Diego paid $2.5 mil for a 14-unit ($178.6k/unit) complex in the Ramona neighborhood of San Diego. The 25k sf property sits on a 14.6k sf lot located at 715 B St.
Built in 1990, the gar...
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• Multifamily Property in L.A.’s Mar Vista Area Sells for $575k/Unit
8/27/18
Washington Place Apartments, an eight-unit apartment building in L.A.’s Mar Vista sold for $4.6 mil, or $575k/unit. The asset, located at 11852 Washington Place, is situated between Culver City and Venice, in a region of West...
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• Apartment Asset in LA’s Beverly Grove Neighborhood Sells for Over $400k/Unit
8/27/18
An eight-unit apartment property in the Beverly Grove neighborhood of Los Angeles sold for $3.3 mil, or $412.5k/unit. The property sold at a record low cap rate for the area of 1.99%, and at a price per square foot of $582. I...
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• Korda Group Buys 288-Unit San Gabriel Valley Apartment Property for $78.5 Mil
8/24/18
Korda Group paid $78.5 mil for Trails at San Dimas, a 288-unit ($272.5k/unit) apartment property in the San Gabriel Valley city of San Dimas. The property was sold by Stockbridge Capital Group and CNS Focused Investments.
Tr...
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• Hollywood Res Property Bought for $394k/Unit
8/24/18
Pinewood Lane Apartments, a 26-unit multifamily property in Hollywood, was purchased by Xenon Investments for $10.25 mil, or $394k/unit. Located at 7057 Lanewood Ave, the asset was sold by a private family investment entity.
...
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