|
• MG Properties Group Completes $97 Mil Portland Multifamily Buy
2/12/18
San Diego-based MG Properties Group acquired Thorncroft Farms Apartments, a 340-unit residential property in Hillsboro, OR, in a recent $97.5 mil ($287k/unit) transaction.
Thorncroft is a garden-style, apartment community th...
|
• Fontana Multifamily Property Sells for $172k/Unit
2/09/18
Valencia Avenue Apartments, a 16-unit apartment property in Fontana, sold for $2.75 mil, or $172k/unit. The property sits on .76 acres at 16645 Valencia Ave.
The two-story building was built in 1987. The property consists of...
|
• San Fernando Valley Multifamily Property Sells for $45 Mil
2/09/18
Cielo Apartments, a 119-unit multifamily property in the western San Fernando Valley community of Chatsworth, traded hands for $45 mil, or around $378k/unit.
The property is located at 9733 Topanga Canyon Blvd, within five m...
|
• Century West Partners Finishes Upscale Res Development in LA’s Koreatown
2/09/18
Century West Partners has completed NEXT on Sixth, an upscale residential community aiming to raise the bar in LA rental living. Boasting exceptional in-unit features and finishes, unparalleled community amenities, and an ups...
|
• G.H. Palmer Inks $233 Mil Refi on Two Downtown L.A. Multifamily Assets
2/08/18
G.H. Palmer has just completed a cash-out refinance worth $233.6 mil on two of their downtown Los Angeles multifamily properties – the Medici and Orsini I. The 10-year, non-recourse loan closed at 4.02% and was sized at 60% o...
|
• Private Investors Trade Two Multifamily Properties in San Mateo County for $27 Mil
2/08/18
An unnamed private investor paid $27.1 mil for a two-property legacy multifamily portfolio totaling 54 units ($502k/unit) in San Mateo County.
The two communities, Belview Heights and Casa Belview, are located at 1015 and 1...
|
• 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...
|
• 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...
|
• 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,...
|
• 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...
|
• 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...
|
• 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...
|
• 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...
|
• 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. ...
|
• 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 ...
|
• 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....
|
• 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...
|
• 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...
|
• 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...
|
• 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...
|
Return to the Multifamily area
