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• Investment Group Lands $43 Mil in Financing for the Acquisition and Renovation of AZ Multifamily Asset
4/02/18
PCCP LLC has provided a $43.3 mil senior loan to an investment group consisting of R&V Management, Impact Multifamily, Wermers Properties and Loma Linda University for the acquisition and renovation of an apartment complec in...
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• MWest Holdings and GreenOak Real Estate Pay $68.5 Mil for Historic Residential Property in Downtown L.A.
3/30/18
LA-based MWest Holdings has teamed up with GreenOak Real Estate in the acquisition and planned rehabilitation of the 132-unit Santa Fe Lofts in Downtown Los Angeles. The venture purchased the asset for $68.5 mil and intends t...
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• Clear Sky Capital Buys Three-Property, 193-Unit Res Portfolio in Escondido
3/29/18
Clear Sky Capital Inc has obtained a $27.8 mil loan to finance its recent acquisition of a three-property multifamily portfolio in Escondido. The financing was arranged by Meridian Capital Group.
The Clear Sky Capital portfo...
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• Champion Real Estate Company Spends $33.6 Mil on 104 Units in Glendale
3/28/18
Champion Real Estate Company recently acquired two multifamily buildings totaling 104 units in Glendale for a combined price of $33.6 mil ($323k/unit). The two properties, located less than two miles apart, were purchased in ...
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• Madison Park Financial Corporation Pays $55 Mil for 149-Unit Portland Multifamily Property
3/28/18
Madison Park Financial Corporation purchased Bridgetown Lofts, a 149-unit, mid-rise apartment community in Portland, for $55 mil, or $369k/unit.
Bridgetown Lofts is a waterfront community located at 1850 NW Front Ave, along...
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• Three-Property Apartment Portfolio in LA’s Pico-Robertson Area Sells for $292k/Unit
3/28/18
A three-building multifamily portfolio totaling 20 units in LA’s Pico-Robertson area sold for $5.85 mil, or about $292k per unit. The properties are located at 8508 Cashio St, 8528 Cashio St and 8521 Horner St, a block west o...
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• S2 Capital LLC Purchases 464-Unit TX Res Property
3/27/18
S2 Capital LLC acquired Oak Creek Apartments, a 464-unit residential property in Bedford, TX, on behalf of one of its managed funds. Located at 1611 Oak Creek Lane, the property is one of the largest Class B communities in th...
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• Newmark Arranges $25 Mil on Recently Completed Residential Property in Seattle
3/27/18
Newmark has secured $25.5 mil in financing for 1111 East Olive Apartments, an 80-unit residential property in Seattle, WA. Newmark’s Michael Taylor and Patrick Taylor arranged the 15-year term financing through Aegon Real Ass...
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• Mass Equities Inc and and AECOM Capital to Develop 522k sf Mixed-Use Project in Denver’s RiNo Art District
3/23/18
Mass Equities Inc and and AECOM Capital have teamed up for the development of a Class A, 522k sf mixed-use project in Denver’s emerging River North (RiNo) Art District. The development is slated to occupy a 7.8-acre site at 2...
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• Newport Beach Multifamily Property Sells for $444k/Unit
3/23/18
Waterford Residential LLC has purchased Dover Shores Apartment Homes, an 18-unit apartment building in Newport Beach, for $8 mil ($444.4k/unit). The property, located at 1606-1674 Westcliff Dr, was sold by a private investor....
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• Universe Holdings Acquires 123-Unit Multifamily Portfolio in the San Fernando Valley
3/22/18
Universe Holdings has acquired a nine-property multifamily portfolio in the San Fernando Valley for $22.75 mil. Universe also has committed $3.3 mil to a capital improvement budget for the properties, which total 123 units an...
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• CIM Group Starts Work on Multifamily Development in Oakland’s Jack London Square
3/21/18
CIM Group has begun construction of an eight-story, residential development featuring 333 apartments and ground floor retail at 40 Harrison St at Jack London Square, a 12-acre entertainment and business destination on Oakland...
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• Strategic Legacy Investment Group About to Break Ground on New 21-Unit Res Project in Hollywood
3/21/18
Strategic Legacy Investment Group Inc (SLIG) is about to begin work on a new multifamily development in Hollywood called The Reality @ Tamarind North. SLIG has already commenced demolition of the existing properties at the si...
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• Prana Investments Spends $18 Mil for 108 Residential Units in Northeast Los Angeles
3/21/18
Prana Investments paid $18.1 mil for the Artiste Portfolio, a three-property, 108-unit ($167.5k/unit) multifamily portfolio located in Los Angeles. The assets were sold by New York-based Urban Smart Growth in a deal that clos...
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• Investment Entity Pays $18.5 Mil for Half the Units at Flagstaff, AZ Condo Project
3/21/18
Timberline Place Apartments LLC, a partnership between Phoenix-based Edgehill Investments (Ryan Francisco, Anthony Francisco – Principals) and The Tanbic Company (Tanner Bickelhaupt – Principal) purchased 102 units within Tim...
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• Ares Management L.P. and Guardian Real Estate Services Recapitalize Portland Res Complex
3/20/18
Ares Management L.P. and Guardian Real Estate Services have recapitalized the debt and equity on Oxbow 49, a 166-unit multi-housing property in Portland, OR. A new 10-year, floating-rate loan was funded through Freddie Mac’s ...
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• “Toothbrush-Ready” Res Project Featuring Fully Furnished Units Opens in L.A.’s Koreatown
3/20/18
CGI Strategies has brought to market The KODO, the first fully furnished, short-and long-term stay, move in-ready luxury residential development in Los Angeles’ Koreatown neighborhood.
“The traditional apartment model is...
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• CA Home Sales Pick Up Again in February after Slow January
3/20/18
Led by the San Francisco Bay Region, California home sales registered healthy gains in February on both a monthly and annual basis after January’s weak start, according to the most recent monthly data from the California Asso...
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• Alpha Wave Investors Buys 110 Res Units in Arizona
3/19/18
Alpha Wave Investors has acquired Orange Tree Village, a 110-unit townhome-style multifamily property in the Casas Adobes neighborhood of Tucson, AZ. The property, which is currently 85% occupied, was acquired for $10.55 mil ...
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• OC Multifamily Portfolio Traded in $42 Mil Deal
3/16/18
In a notable residential buy out of Orange County, an affiliate of Empire USA LLC purchased a four-property, 214-unit multifamily portfolio in Santa Ana. The properties sold for a total of $42.5 mil, which equates to more tha...
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