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• Student Housing Project for University of Texas to Move Forward with $28 Mil in Construction Money
2/07/18
Austin-based Lincoln Ventures has obtained a $28.5 mil A&D and construction loan for The Ruckus 2.0, a 66-unit and 236-bed student housing project in the West Campus area of the University of Texas. The loan was arranged by E...
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• OC Residential Property Picked Up by 1031 Exchange Investor in $8 Mil Deal
2/07/18
A 1031 exchange investor paid $7.95 mil for Athens Circle Apartments, a residential property in Buena Park that consists of 41 apartment units and two single-family homes.
The apartment complex, located at 7800-7900 Athens C...
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• San Fernando Valley Multifamily Property Sells for Over $400k/Unit
2/05/18
Whitsett Courtyard Apartments, a 16-unit multifamily property in the Valley Village community of the San Fernando Valley, has traded for $6.75 mil, or $421.9k/unit. Built in 2003, the property is located at 5716 Whitsett Ave,...
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• Indio Multifamily Property Sale Sets Record at $132k/Unit
2/02/18
A San Diego-based private investment group paid $16.5 mil for Parkwood Apartments at Polo Grounds, a 125-unit ($132k/unit) residential community in Indio.
Built on a 7.51-acre site in 2014, the property is located at 81777...
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• West Covina Multifamily Asset Traded in $18.8 Mil Deal
2/01/18
An 80-unit multifamily complex in West Covina sold for $18.8 mil, or $235k/unit. The buyer was a partnership associated with Landmark Properties, out of Sherman Oaks.
The 83.2k sf community, located on 6.5 acres at 2000 W P...
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• Champion Real Estate Spends $33.6 Mil on Two Glendale Apartment Properties
2/01/18
Champion Real Estate Company purchased two multifamily properties with a combined 104 market-rate units in Glendale, CA for $33.6 mil, or $323k/unit. The assets were acquired together in an off-market transaction.
The two pr...
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• CO Res Development Lands Needed Joint Venture Equity
2/01/18
Price Development Group has obtained needed joint venture equity for the development of PDG Parker, a 255-unit, Class A multi-housing community in Parker, CO. The financing was arranged by HFF and provided by an institutional...
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• Carlsbad Mixed-Use Property Acquired by Family Investment Entity
1/29/18
A private family investment entity has purchased a three-story, high-end mixed-use property comprised of retail, restaurant, creative office and residential space in the Carlsbad Village submarket of San Diego for $8.2 mil. ...
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• New Standard Equities Looking to Acquire Additional West Coast Multifamily Assets in 2018
1/26/18
After acquiring three multifamily communities in California and Washington last quarter in transactions totaling $74 mil, LA-based New Standard Equities Inc expects to be a net apartment buyer in 2018. The firm predicts that ...
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• Pathfinder Partners Spends $32 Mil on Two Phoenix-Area Res Properties
1/26/18
San Diego-based Pathfinder Partners has recently added two Phoenix properties valued at more than $32 mil to its growing multifamily portfolio. The latest acquisitions include Vintage Apartments in Gilbert, purchased for $18....
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• Gemdale USA Buys 130 Units in Santa Clarita for $46 Mil
1/25/18
The Madison at Town Center, a 130-unit luxury multifamily property in Valencia, sold for $45.9 mil, or about $350k per unit. The buyer was Gemdale USA, a subsidiary of Gemdale Corp, one of China’s largest and leading real est...
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• Canadian Investor Spends $8 Mil on Two Inland Empire Multifamily Properties
1/25/18
Two multifamily properties containing a combined 84 units in San Bernardino were purchased by a Canadian-based investor for a total of $8 mil.
One of the properties, located at 1340 North F St, features six studios, 25 one-b...
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• CA Home Prices Continue to Rise While Sales Volume Slows Due to Lowest Inventory Levels in 13 Years
1/24/18
Amid the lowest housing inventory levels in more than 13 years, existing home sales still eked out a year-over-year gain, while the median sales price posted a solid annual increase, per the latest figures from the California...
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• CA Res Buy Financed with $125 Mil of Short-Term Money
1/24/18
Mesa West Capital provided a private multifamily investment firm with $125 mil in short-term first mortgage debt to finance the West Coast apartment investor’s recent acquisition and repositioning of four California multifami...
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• OR Multifamily Property Financed with $28 Mil Freddie Mac Loan
1/23/18
Horizon Realty Advisors has received $28.25 mil in financing for Forest Hills Apartments, a 248-unit multi-housing community in Eugene, OR. HFF arranged the loan through Freddie Mac’s CME Program.
Forest Hills Apartments is ...
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• Apartment Building Near Downtown LA Fetches Over $200k/Unit
1/22/18
Niagara Apartments, a 10-unit apartment property located in L.A.’s Echo Park neighborhood near downtown, sold for $2.03 mil, or $202.5k/unit.
Originally built in 1960, the single building, two-story property is located at 13...
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• Presidium Group Obtains $100 Mil Freddie Mac Credit Facility on Two TX Properties
1/19/18
Walker & Dunlop Inc has structured a $100 mil, Freddie Mac Revolving Credit Facility for Presidium Group LLC. The credit facility was initially secured by two properties, Solaris and The Violet, both located in Austin, TX, an...
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• Denver Mixed-User Sold in $24.5 Mil Deal
1/19/18
Denver Regional Investment Properties LLC acquired Highland Place, a mixed-use property totaling 54.6k sf in Denver, for $24.5 mil, or around $449/sf. The property, located at 3372 W. 38th Ave, was sold by Allante Properties....
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• Local Investors Trade Hollywood Apartment Building in $4 Mil Deal
1/18/18
A Los Angeles-based private investor paid $4 mil for a 19-unit apartment property in Hollywood. The property, located at 1847 N. Cherokee Ave, west of the 101 Fwy and just south of Franklin Ave, was built in 1950.
The two-st...
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• IEC Buys 400-Unit Multifamily Asset in Orange County
1/18/18
In a recent OC multifamily buy, Interstate Equities Corporation (IEC) has purchased Surf at 39, a 400-unit value-add multifamily asset in Huntington Beach, for $134 mil, or $335k per unit. The acquisition was on behalf of the...
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