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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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• Davis City Council Approves Plans for 130-Unit Student Housing Community
3/16/18
Lincoln40, a student housing project that HighBridge Properties plans to develop in Davis, CA, has received the unanimous approval of the Davis City Council. The city council’s decision, which follows the Davis Planning Commi...
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• Waterford Residential Buys 36-Unit Long Beach Apartment Building
3/16/18
In a recent multifamily sales comp from Long Beach, Waterford Residential paid $10 mil for a 36-unit ($278k/unit) apartment building in the city’s Circle Area neighborhood. The property was sold by a private trust.
Built in ...
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• Chula Vista Multifamily Project Completed
3/15/18
Construction has been completed on LaTerra Select Stone Creek, a 97-unit multifamily community in Chula Vista. The project is owned by 3875 Main Street Investors, an affiliate of LaTerra Development, who retained San Diego-ba...
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• StreetLights Residential-Led Venture Acquires 8.5 Acres in Northwest Austin for 373-Unit Multifamily Project
3/15/18
A partnership controlled by Dallas-based StreetLights Residential has acquired 8.5 acres within the Austin Presidio development in northwest Austin, TX, with plans to build its second luxury multifamily community, consisting ...
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• The Calida Group Acquires 180-Unit Apartment Property in Las Vegas
3/15/18
The Calida Group has obtained a $24.06 mil senior loan for the acquisition and renovation of Hampton Garden, a 180-unit apartment property located in the Summerlin/Spring Valley submarket of Las Vegas. The financing was arra...
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• Bascom Pays $75 Mil for 235 Res Units in Oxnard
3/14/18
The Bascom Group LLC has acquired Tempo at Riverpark Apartments, a 235-unit infill apartment property in Oxnard, for $75.25 mil ($320k/unit). The complex is located at 450 Forest Park Blvd, just east of Hwy 101.
Built in 201...
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• Private Investor Pays $461k/Unit for Seal Beach Apartment Building
3/14/18
A private investor paid just over $6 mil for a 13-unit ($461.5k/unit) apartment property in Seal Beach. Located at 134 1st St, the property is directly across from Alamitos Bay, adjacent to an open field for unobstructed ocea...
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• Wood Partners Breaks Ground on 138-Unit Multifamily Project in Portland
3/14/18
Wood Partners has broken ground on a new, 138-unit residential community in Portland. The project, located at 1638 W Burnside, at Southwest 16th Ave in the Goose Hollow neighborhood, includes 6k sf of ground-floor retail spac...
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• Strategic Legacy Investment Group and W Design Developments Team Up in Senior Housing Development Venture
3/13/18
LA-based Strategic Legacy Investment Group Inc and W Design Developments have formed a partnership called We Strategic Development Corporation to design, build, and maintain seniors housing facilities. The two entities initia...
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• L.A. Multifamily Property Near USC Refinanced with $25 Mil in Debt
3/13/18
Quantum Capital Partners secured $25 mil in long-term, fixed-rate debt to refinance City Park Apartments, a 130-unit apartment complex located near the University of Southern California (USC) in Downtown Los Angeles. The prop...
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• Pacific Development Partners Buys 290-Unit AZ Multifamily Property
3/13/18
Los Angeles-based Pacific Development Partners has purchased Vela, a 290-unit luxury multifamily community in Tempe, AZ. The price was not disclosed.
Vela is located at at 555 N. College Ave, adjacent to the Tempe Town Lake ...
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• Continental Realty Advisors and GTIS Partners Acquire 240-Unit Residential Asset in Arizona
3/12/18
Continental Realty Advisors Ltd (CRA) and GTIS Partners have teamed up in the acquisition of San Palmas at Mission Park, a 240-unit residential property in Chandler, AZ, in an off-market transaction. The price was not disclos...
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• 104-Unit Portland Apartment Community Trades Hands
3/08/18
The Century at North Cook (The Century), a 104-unit apartment community in Portland, OR, was acquired by KI-Mountain Par LLC for an undisclosed price. The property was sold by Cook Street Lofts LLC.
With five stories and 104...
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• $10 Mil Renovation Completed on 440-Unit SoCal Apartment Community
3/08/18
The Reserve at Chino Hills, a 440-unit garden-style apartment home community in Chino Hills, just re-opened to the public following a $10 mil renovation by its owners, LA-based Decron Properties Corp.
Decron acquired t...
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• OR Apartment Community Trades in $10.6 Mil Deal
3/06/18
The Reserve at Ashbrook, a 43-unit apartment community in Tigard, OR, was purchased by Chicago-based Back Nine Acquisitions for $10.65 mil, or $248k/unit. The property is located at 9378 SW Mandamus Court, adjacent to Hwy 217...
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