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• First Phase of Bakersfield Res Development Lands $61 Mil in Construction Financing
6/18/25
Presidio Capital Partners has obtained a $61 mil construction loan to finance the first phase of Park Center at Seven Oaks, a planned 520-unit multifamily community in Bakersfield. Upon completion, it will be the largest mult...
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• Huntington Beach Multifamily Property Sells for Over $400k/Unit
6/18/25
Yorktown Apartments, an 18-unit multifamily property in Huntington Beach, was purchased by a private investor from nearby Newport Beach in a $7.4 mil ($411k/unit) deal. This was the first time on the market in over 30 years f...
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• Kennedy Wilson, Kenedix Inc and Hulic Co Close $173 Mil Multifamily Purchase in Seattle
6/16/25
Kennedy Wilson has teamed up with Kenedix Inc and Hulic Co Ltd in the acquisition of The Danforth, a 265-unit multifamily community in Seattle, for $173 mil, or $653k/unit. Kennedy Wilson has a 10% interest, investing $6.6 mi...
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• Seattle Waterfront Res Property Sells for $375k/Unit
6/10/25
Anchor House Apartments, an 18-unit waterfront property in Seattle’s Eastlake neighborhood traded for $6.75 mil ($375k/unit) in a recent off-market transaction. The property is located at 2714 Fairview Avenue East, west of I-...
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• Costa Mesa Apartment Property Sells for $661.5k/Unit
6/09/25
A 13-unit multifamily property in Costa Mesa traded hands in a recent $8.6 mil ($661.5k/unit) transaction. We’re told that this is the highest price per unit achieved for a multifamily property in Westside Costa Mesa over the...
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• Apartment Sale in Evans, CO Works Out to $166k/Unit
6/06/25
Two fourplex apartment buildings in Evans, CO were acquired by a private investor in a $1.33 mil transaction. The transaction, which works out to roughly $166k/unit, marks the highest price-per-unit of a multifamily sale in E...
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• Apartment Building in San Francisco’s Pacific Heights Neighborhood Sells for $419k/Unit
6/06/25
An 18-unit, trophy multifamily asset in San Francisco’s prestigious Pacific Heights neighborhood sold for $7.535 mil. The deal for the fully leased property works out to approximately $418.5k/unit and $410/sf, roughly 30% bel...
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• Fontana Townhouse Res Property Sells for Over $400k/Unit
6/06/25
A 14-unit multifamily property in Fontana traded for $6.15 mil, or $439k/unit. Built in 2024, the property is located at 9223 Cypress Ave, east of I-15 between Foothill Blvd and I-10.
The property consists of all townhouse-s...
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• Downtown Phoenix Multifamily Portfolio Acquired by Regent Properties for $90 Mil
6/05/25
A three-property multifamily portfolio in Downtown Phoenix, totaling 323 units was acquired by Regent Properties in a $90 mil transaction. The portfolio includes Linear (104 units), iLuminate (111 units) and The McKinley (108...
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• Rents Rise, Vacancy Falls, and Investment Recalibrates in the Inland Empire Multifamily Market
6/04/25
This report provided by real estate services firm NAI Capital Commercial
MARKET OVERVIEW
In Q1 2025, the Inland Empire’s multifamily housing market reflected shifting dynamics. Vacant units declined 7.5% quarter-over-quart...
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• Two-Property Fontana Apartment Portfolio Sells for $30.5 Mil
6/04/25
A 96-unit multifamily portfolio consisting of two newly constructed apartment communities in Fontana traded hands for $30.5 mil. The acquisition was financed with a new loan of $20.5 mil arranged by JLL Capital Markets.
One ...
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• MBK Rental Living Starts Construction on 330-Unit Res Project in Murrieta
6/03/25
MBK Rental Living has begun work on the apartments at Vintage Farms, an $80 mil residential village in the Inland Empire city of Murrieta. The village will contain 330 market-rate and luxury apartments spread across 11 buildi...
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• Oaktree Capital Management and TruAmerica Multifamily Secure $255 Mil Refi on Four-Property Apartment Portfolio
6/03/25
A four-property multifamily portfolio owned by funds managed by Oaktree Capital Management L.P. and TruAmerica Multifamily was refinanced with a new loan for $255.25 mil. The properties contain a combined 1,324 units and are ...
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• Manova Partners Buys San Mateo Mixed-Use Property
6/02/25
Manova Partners has acquired Parallel on Fourth, a fully-leased, mixed-use property in downtown San Mateo. The property, located at 405 East 4th Ave, consists of 15 residential units above 62.3k sf of Class A office space and...
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• Res Community in Seattle’s First Hill Neighborhood Trades Hands
5/30/25
Union Park, an 84-unit apartment community in Seattle’s First Hill neighborhood, has been sold in an off-market transaction. The property is located at 1310 Minor Ave, just east of I-5. The price was not disclosed.
The prope...
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• Luxury Res Development in L.A.’s Koreatown Lands $220 Mil in New Financing
5/29/25
A Jamison Properties LP affiliate has landed $220 mil in new financing for Opus, a newly constructed 428-unit luxury apartment project in L.A.’s Koreatown neighborhood. The property, located at 3545 Wilshire Blvd, encompasses...
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• Multifamily Community in San Jose Trades for $19 Mil
5/28/25
Lakewood Court Apartments, a 48-unit multifamily community in San Jose, traded hands in an $18.9 mil ($394k/unit) transaction. The asset was sold by a private investor in an all-cash deal as part of a 1031 exchange transactio...
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• McKinney Capital Lands New Financing of $6 Mil on Catalina Hotel Property
5/27/25
A McKinney Capital entity secured a $6 mil bridge loan one the Hermosa Hotel & Apartments on Southern California’s Catalina Island. The loan proceeds will retire existing debt at the century-old property, located at 131-171 M...
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• Hollywood Apartment Property Offered for Sale at $267/Unit
5/26/25
In news of an interesting multifamily listing in Hollywood, The Casa Palmera, a 60-unit property, has been put on the market with an asking price of $16 mil, or $267/unit. The property is located at 1843 N. Cherokee Ave, nort...
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• Encinitas Multifamily Undergoes Extensive Renovation that Includes the Addition of Two Accessory Dwelling Units
5/22/25
RAF Pacifica Group has completed the renovation of Seaside Commons, a 26-unit multifamily asset located at 1201 N. Vulcan Ave in Encinitas. In addition to the interior and exterior upgrades on the existing structure, RPG also...
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