|
• Jamison Properties Completes 72-Unit Res Project in LA’s Koreatown Neighborhood
3/01/18
Construction has been completed on Maya, a 72-unit market-rate apartment project in Los Angeles Koreatown neighborhood. The development, located at 535 South Kingsley Dr, is being built by Jamison Properties.
The new seven-s...
|
• Investors Trade 60-Unit San Fernando Valley Multifamily Property in $10.75 Mil Deal
3/01/18
Loma Vista Apartments, a 60-unit community located in the northeastern San Fernando Valley community of Pacoma, sold for $10.75 mil, or $179k/unit. Built in 1957 on 2.43 acre, the property is located at 12544 Van Nuys Blvd, b...
|
• Private Investor Pays $700/sf for Exotic Gardens
2/28/18
Exotic Gardens, a 21-unit apartment community in San Diego, sold for $10.7 mil in a recent investment buy. The property, located at 4319 Mississippi St, west of I-805 and just north of El Cajon Blvd in the city’s University H...
|
• Multifamily Property in Long Beach Goes for $364k/Unit
2/27/18
Keely Partners paid $8 mil for Anaheim Road Apartments, a 22-unit ($364k/unit) apartment property in the Park Estates submarket of Long Beach. The transaction closed at a 3% cap rate.
Built in 1987, the two-story building is...
|
• AZ Apartment Property Goes for $43k/Unit
2/26/18
An AZ-based investment entity paid $6.2 mil for Canyon Palms, a 143-unit ($43k/unit) multifamily apartment building situated just west of Black Canyon Fwy in Phoenix. The seller, Monte Vista Gardens LLC, is also an AZ-based ...
|
• Work Gets Underway on Luxury Santa Monica Apartment Development
2/26/18
In major development news out of Santa Monica, construction has begun on Lincoln Collection, a $150 mil mixed-use multifamily project in the city’s downtown. The project is a development of Century West Partners and Milender ...
|
• AZ Multifamily Community Sells for $90 Mil
2/23/18
Carlyle at South Mountain Townhomes & Apartments, a 552-unit residential community in Phoenix, was acquired for $90 mil ($163k/unit) by two entities formed by Western Wealth Capital of North Vancouver, British Columbia, Canad...
|
• Two Riverside Apartment Properties Bought by Local Investors for $10 Mil
2/23/18
Two separate apartment properties in the city of Riverside were purchased by local private investment partnerships in separate deals totaling $10.3 mil. The properties, La Paz/Las Palmas Apartments and Cazador’s Court, total ...
|
• Local Real Estate Investor Buys San Fernando Valley Development Land
2/22/18
FMB Development LLC paid $9.5 mil for a 1.2-acre development site in Van Nuys. The property, located at 7111 North Sepulveda Blvd, near the intersection with Sherman Way.
The property is in the central San Fernando Valley, c...
|
• Unique Scottsdale Res Community Sells for $283k/Unit
2/22/18
Dusk, a 41-unit multifamily property in Scottsdale, AZ, sold for $11.6 mil, or $283k/unit. The property is located at 3130 North Hayden Rd, north of Hwy 202 near Hwy 101.
Dusk represents a one-of-a-kind, “green” luxury renta...
|
• TruAmerica Multfamily Acquires 264-Unit Value-Add Asset in Huntington Beach
2/21/18
TruAmerica Multifamily has acquired Pacific Shores, a 264-unit apartment community in Huntington Beach, for $90.5 mil, or $343k/unit. The property, located at 7701 Warner Ave, west of the 405 Fwy, was sold by affiliates of UD...
|
• Investor Snaps Up Five-Unit San Diego Property for Redevelopment Opportunity
2/20/18
A five-unit property in San Diego’s North Park neighborhood sold for $2.35 mil, or $470k per unit. The mixed-use property is situated on a 10.85k sf lot at 3085-95 El Cajon Blvd, just west of I-805.
The property will be rede...
|
• Developer Picks Up 17 Acres in West Salem, OR
2/19/18
A 16.89-acre land site in West Salem, OR sold for $3.32 mil. The property is located along Linwood St NW and Orchards Heights Rd. The RM-II zoning (Multiple Family Residential, City of Salem) allows for single and multifami...
|
• Buyer Pays Over $300k/Unit for Pasadena Apartment Building Built in 1961
2/19/18
A 16-unit multifamily property in Pasadena, CA has traded for $5.06 mil, or $316k/unit. Built in 1961, the property is located at 95 N. Michigan Ave, east of Lake Ave between Colorado Blvd and the 210 Fwy.
George Yessaie, CC...
|
• WA Multifamily Property Acquired for $33.8 Mil by Exchange Buyer
2/15/18
A 1031 exchange investor paid $33.8 mil for Willow Springs Apartments, a 154-unit ($220k/unit) apartment complex in Puyallup, WA. Built in 1996, the property sits on 8.6 acres at 608 39th Ave SW.
Willow Springs Apartments is...
|
• Sterling Real Estate Holdings Acquires 111-Unit Multifamily Property in Texas
2/14/18
Sterling Real Estate Holdings, a joint venture between Barker Pacific Group (BPG) and Pacific Real Estate Partners (PREP), has acquired La Fiesta Apartments in San Antonio. The 111-unit apartment complex is situated in the Al...
|
• Buchanan Street Partners Makes $60 Mil CO Res Buy
2/13/18
Newport Beach-based Buchanan Street Partners has acquired Luna Bella Apartments, a 240-unit multifamily project in the Metro Denver community of Lafayette, CO. The newly-built, Class A apartment community was sold by Mileston...
|
• Private Investor Closes Multifamily Purchase in Long Beach
2/13/18
In a recent multifamily comp from Long Beach, an unnamed private trust paid $6.2 mil for a 21-unit ($295k/unit) apartment property in the city’s Alamitos Beach submarket. The deal closed at a 3.3% cap rate.
Built in 1963, th...
|
• Decron Properties Group Acquires 220 Res Units in the Bay Area
2/12/18
Decron Properties Corp acquired Bridgecourt, a 220-unit multifamily apartment complex with ground floor retail in Emeryville, CA, in a deal valued at $87.4 mil, or about $397k/unit. The seller was a joint venture between The ...
|
• Phoenix Apartment Community Trades Hands in $16 Mil Transaction
2/12/18
Mission Palms, a 125-unit apartment property in Phoenix, was purchased for $16 mil ($128k/unit) by Phoenix-based Clear Sky RES Properties, an entity formed by Clear Sky Capital. The asset was sold by JM Emerson LLC of Cherry ...
|
Return to the Multifamily area
