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• City of Orange Approves Latest Developments at Chapman University
1/04/18
Chapman University’s latest development project has been approved by the City of Orange. The project includes a new 402-bed student apartment building for upperclassmen alongside the adaptive reuse of one of the most valuable...
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• Seattle Res Project to Move Forward with $76 Mil in Construction Financing
1/04/18
Mt. Baker Station Associates LLC has obtained $76 mil in combined construction financing for the development of Stazione 25 (aka Mt. Baker Station). The project consists of two urban multifamily apartment buildings; the North...
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• 11-Unit Lakeside Apartment Property Sells for Over $3 Mil
1/03/18
An 11-unit apartment complex in Lakeside, CA sold for $3.125 mil, or $284k/unit. The 11.4k sf property sits on a 20.6k sf lot at 9737 Riverview Ave, just off the 67 Fwy, about 22 miles northeast of downtown San Diego.
The ap...
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• Security Properties Buys 141-Unit Res Asset in Spokane Valley, WA
12/29/17
Security Properties purchased Eagle Pointe, a 141-unit affordable multifamily property in Spokane Valley, WA for $12.85 mil, or about $91k/unit.
Eagle Pointe is a garden-style community comprised of family units that are inc...
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• Developer Buys 10 Acres in Goodyear, AZ for Res Project
12/28/17
A 10.42-acre development site in Goodyear, AZ has sold for $2.2 mil. The site, located north of the northwest corner of 145th Ave and McDowell Rd, was purchased by NextGen Apartments – Goodyear 145 LLC, of Scottsdale, AZ.
Th...
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• MG Properties Closes 2017 with $117 Mil Res Buy in Vista
12/28/17
San Diego-based MG Properties Group paid $117.5 mil for Waterleaf Apartments, a 456-unit ($257.7k/unit), garden-style multifamily property in Vista. The property, located at 333 N. Emerald Dr, was sold by a venture of New Yor...
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• Gilbert, AZ Apartment Community Sells in $18.5 Mil Deal
12/27/17
The Vintage, a 107-unit, Class A apartment property in Gilbert, AZ, traded hands for $18.55 mil ($173.4k/unit). The property is located at 1303 West Juniper Ave, west of Hwy 87 and south of Hwy 60.
The Vintage is a two-story...
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• San Jose Multifamily Asset Refinanced with $200 Mil Loan
12/26/17
The Woods, a 1,841-unit landmark multifamily property in San Jose, was refinanced with a new loan of $200 mil.
Located at 4300 The Woods Drive, the property offers studio, one-, two- and three-bedroom floor plans. Within Th...
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• AZ Res Community Sells in $56 Mil End of Year Transaction
12/26/17
Pinnacle Terrace, a 300-unit multifamily asset in Chandler, AZ, traded hands for $56 mil, or about $186.7k per unit. The property was purchased by an institutional investment manager.
Developed by Trammell Crow Residential a...
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• Burbank Res Asset Goes for $400k/Unit
12/26/17
In a year-end, LA-area multifamily acquisition, Essex Property Trust Inc purchased The Village at Toluca Lake, a 146-unit res property in Burbank, for $59 mil ($404k/unit). The two-building, non-rent controlled complex, locat...
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• Colorado Res Community Acquired for $46.5 Mil by Security Properties and Oaktree Capital
12/26/17
A venture of Security Properties (SP) and funds managed by Oaktree Capital Management L.P. purchased The Lodge on 84th, a 300-unit, Class B multifamily property located in Federal Heights, CO, for $46.5 mil ($155k/unit). The ...
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• Vacant Santa Monica Apartment Building Sells for $375k/Unit
12/22/17
An LA-based private investor has acquired a fully vacant, 12-unit apartment property in Santa Monica for $4.5 mil ($375k/unit). The property, 34th Street Village Apartments, is located at located at 2441 34th St, within the c...
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• Bascom Buys in Boulder
12/21/17
The Bascom Group LLC has acquired Boulder View Apartments, a 68-unit, infill Class A apartment community located in Boulder, CO, for $19 mil ($279k/unit).
Built in 2014, Boulder View is located at 6655 Lookout Rd, just minut...
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• LivCor Spends $115 Mil on 674 Res Units in Las Vegas
12/21/17
LivCor has purchased a two-property, 674-unit multifamily portfolio in Las Vegas for $115 mil ($170.6k/unit). The assets, which include Broadstone Talavera and Broadstone Flamingo West, were sold by a partnership between AEW ...
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• Value-Add Apartment Building in the San Fernando Valley Pulls in $223k/Unit
12/20/17
In a recent multifamily investment buy, Los Altos based Interstate Equities Corporation purchased a 45-unit, non-rent controlled, value-add apartment building in Van Nuys for $10.025 mil, or $223k/unit. The property is locate...
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• Investor Spends $5.7 Mil on Two West Hollywood Apartment Properties
12/19/17
Two fully occupied apartment properties in prime West Hollywood traded hands between the same buyer and seller in separate deals totaling $5.68 mil ($334k/unit). The properties include the Sweetzer Apartments, a nine-unit apa...
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• Upscale Santa Monica Res Property Financed with $31.5 Mil Freddie Mac Loan
12/19/17
Kort & Scott Financial Group has secured $31.5 mil in financing for Chelsea Santa Monica, a luxury residential and retail property one block from the beach in Santa Monica. The 53-unit asset is located at 1318 2nd St, north o...
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• CA Res Portfolio Lands $156.5 Mil in Fannie Mae Money
12/18/17
Realty Center Management recently obtained $156.56 mil in Fannie Mae financing for a portfolio of four multifamily properties throughout California. Branden McBirney, Garrett LaBar and Vickie Wible with Berkadia arranged the ...
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• Kennedy Wilson Closes on Purchase of 179-Unit Apartment Asset in Portland
12/15/17
Kennedy Wilson has acquired Savier Street Flats, a wholly-owned 179-unit apartment community in Portland’s Northwest neighborhood, for $60 mil, or $335k/unit. KW invested $27 mil of equity, and assumed an eight-year loan of $...
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• Security Properties and Cigna Investment Management Team Up in $81 Mil OR Multifamily Buy
12/14/17
Security Properties and Cigna Investment Management purchased Arbor Heights, a 348-unit, Class A multifamily property located in Tigard, OR, for $81 mil, or $233k/unit. This is Security Properties' fourth joint venture with C...
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