|
• Demmon Partners Acquires 50-Unit Multifamily Property in Downtown Sacramento
4/20/18
Demmon Partners has acquired 16 Powerhouse, a 50-unit, Class A multifamily property in downtown Sacramento. Although we don’t have the actual purchase price, we can tell you that the buy was funded with $15.92 mil in Fannie M...
|
• Work Completed on Affordable Housing Community in Signal Hill
4/19/18
Meta Housing Corporation has completed construction on Zinnia, a 72-unit affordable apartment community in Signal Hill. The apartment community, located at 1500 E. Hill St, was designed by Studio One Eleven.
Located in close...
|
• Private Investor Pays $700k/Unit for Palo Alto Multifamily Property
4/19/18
A private investor paid $8.45 mil for Villa Sierra Apartments, a 12-unit ($704k/unit) multifamily community in Palo Alto. The property is located at 801 Middlefield Rd, in the city’s downtown region, with shopping, dining and...
|
• AZ Assisted Living Facility Refinanced with $17 Mil in Freddie Mac Money
4/18/18
American Care Concepts has obtained a $17 mil Freddie Mac loan for American Orchards, a community offering assisted living and memory care services in Gilbert, AZ.
Completed in June 2016, American Orchards consists of two di...
|
• Goldrich & Kest Buys 43-Unit Multifamily Property in West Hollywood
4/17/18
Culver City-based Goldrich Kest has acquired Infinity West, a 43-unit garden-style apartment building in West Hollywood, for $23.65 mil ($550k/unit). Infinity West is located at 7051 Lanewood Ave, near the intersection of Sun...
|
• San Mateo Apartment Portfolio Refinanced with $133 Mil Loan
4/17/18
Stockbridge Capital Group recently secured $132.9 mil in financing on a three-property, Class A apartment portfolio totaling 336 units in San Mateo. The loan proceeds were used to retire existing construction financing.
The ...
|
• North American Development Group to Build 350-Unit Res Tower at Phoenix Mixed-Use Campus
4/16/18
Florida-based North American Development Group recently acquired a nearly one-acre parcel within the 16-acre Arizona Center Project in downtown Phoenix. The site was sold by San Diego-based Parallel Capital Partners
North Am...
|
• Vacant 1960s Apartment Building near Downtown Culver City Sells for $430k/Unit
4/12/18
A private investor paid just over $3 mil for The Durango Apartments, a two-story, seven-unit ($428.5k/unit) multifamily building in the Palms area of West Los Angeles. This was an uncommon sale as the property was delivered f...
|
• Crescent Capital Partners Pays $7 Mil for Hollywood Dev Property
4/12/18
Crescent Capital Partners recently picked up a two-parcel, 19k sf development site in Hollywood for $7 mil ($373/sf). It is entitled for the development of a 52-unit mixed-use apartment complex.
The property is located at 55...
|
• Investor Pays $229k/Unit for Redlands Apartment Property
4/11/18
In a recent multifamily comp out of the Inland Empire, Cypress Villas, an 83-unit apartment property in Redlands, sold for $19 mil, or $229k/unit. The property is located at 301 E Cypress Ave, near downtown Redlands and the U...
|
• Security Properties Pays $41 Mil for 220 Residential Units in Colorado
4/09/18
Security Properties paid $41 mil for Willows at Printers Park, a 220-unit, Class B+ multifamily property located in Colorado Springs, CO. With this buy, Security Properties now owns three market-rate assets totaling 740 units...
|
• Development of Colorado LEED Gold-Designed 55+ Res Community Well Underway
4/09/18
Vita, a LEED Gold-designed 55+ mixed-use residential rental apartment community under construction in the Denver Metro area is nearing completion. The sustainable apartment community developed by Denver-based Zocalo Community...
|
• MIG Real Estate Picks Up 209-Unit Multifamily Property in Arizona
4/09/18
MIG Real Estate has acquired Trails at Harris Apartments, a 209-unit multifamily property in Mesa, AZ. The property is situated adjacent to the Gilbert Heritage District, one of the most desirable retail and restaurant develo...
|
• Exchange Investor Buys Multifamily Property in Indio
4/06/18
A 1031 exchange investor paid $6.45 mil for Vintage Palms Apartments, a 74-unit ($87.2k/unit) residential property in the Inland Empire city of Indio. The asset, comprised of six buildings, is located at 82434 Requa Ave and s...
|
• Shelter Resources Inc Acquires 164-Unit Multifamily Asset in Washington
4/06/18
Shelter Resources Inc has acquired College Glen Apartments, a 164-unit apartment complex located at 4870 55th Lane SE in Lacey, WA, for $19.3 mil ($117.7k/unit). The seller was College Glen Apartments, LP.
Built in 1996, Co...
|
• Condos at New Luxury Res Project in San Bruno Sells Out in Four Months
4/05/18
Upscale residential condos at Sares Regis Group of Northern California (SRGNC) new development in the Bay Area city of Mountain View, 1101 West, have sold out less than four months after hitting the market. Located at 1101 We...
|
• Gelt Spends $74 Mil for Nearly 500 Res Units in the Seattle Area
4/04/18
Los Angeles-based Gelt Inc closed on the acquisition of a two-property apartment portfolio containing 491 units in two Seattle submarkets for a total price of $74 mil ($150.7k/unit). The properties include The Row, a 247-unit...
|
• Santa Ana Multifamily Property Purchased by Exchange Investor Who Already Owned on the Street
4/04/18
Francia Apartments, a 20-unit multifamily property in Santa Ana, was purchased by a 1031 exchange buyer for $3.9 mil, or $195k/unit. The property is located at 1410 French St, south of 17th St and just west of I-5.
The prope...
|
• OC Manufactured Housing Community Refinanced with $48 Mil in Fannie Mae Money
4/03/18
Kort and Scott Financial Group obtained a $48.8 mil Fannie Mae structured adjustable-rate loan to refinance its leasehold interest in Lincoln Center Mobile Home Park, a 305-unit manufactured housing community in Cypress, a ci...
|
• Work Gets Started on 171-Unit TOD Res Development in Livermore
4/02/18
JEMCOR Development Partners has broken ground on Ageno Apartments, a 171-unit, mixed-income, transit-oriented development located at South Vasco Rd and Brisa St in Livermore. Ageno Apartments marks the final construction phas...
|
Return to the Multifamily area
