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• Hometown America Secures Santee Manufactured Home Community with $8.6 Mil in Financing
12/13/17
Hometown America has obtained $8.6 mil in financing for Mission Gorge Villa, a 140-home site, Class A manufactured home community for seniors (age 55+) in the San Diego County community of Santee. The property is situated on ...
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• MIG Real Estate Closes 176-Unit Res Buy in Phoenix
12/13/17
MIG Real Estate purchased Bayside Apartments, a 176-unit rental property located in Phoenix. Bayside Apartments will undergo significant enhancements as MIG creates a more attractive housing option in a burgeoning area where ...
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• Work to Start on Upscale Mixed-User in the Western San Fernando Valley
12/13/17
California Home Builders has secured $60 mil in financing for the ground-up construction of The Q East, a mixed-use development in the western San Fernando Valley community of Woodland Hills. The property, located at 6219 De ...
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• Santa Clarita Mixed-Use Project Gets Underway with $20 Mil Construction Loan
12/12/17
Serrano Development Group has started work on Newhall Crossings, a mixed-use project with 47 apartment units and 20.2k sf of retail space in Santa Clarita. The project will anchor a significant redevelopment in historic Old T...
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• Investors Trade Phoenix Apartment Property in $8.5 Mil Transaction
12/12/17
Arcadia Gardens, a 76-unit multifamily property in Phoenix, has sold for $8.475 mil ($111.5k/unit). The property, located at 3101 North 32nd St, was acquired by RP 3101 LLC, an entity formed by Rincon Partners LLC of Phoenix....
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• Security Properties Acquires 256 Res Units in Henderson, NV
12/12/17
Security Properties purchased Martinique Bay, a 256-unit multifamily property located in Henderson, NV for $42.75 mil, or $167k/unit. With this deal, Security Pacific owns six assets totaling nearly 1,800 units in the Las Veg...
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• Inland Empire Apartment Property Sells in $4.8 Mil Deal
12/11/17
Infinitus Investments Groups LLC purchased a 62-unit multifamily property in San Bernardino for $4.8 mil, or $77.4k/unit. The property, located at 1420 East Pumalo St, was sold by Pumalo Properties L.P.
The complex offers a...
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• Oakland Apartment Property Sells for $279k/Unit
12/08/17
In a recent multifamily comp from the East Bay, a 24-unit property in the Ivy Hill neighborhood of Oakland sold for $6.7 mil, or $279k/unit. The property is located at 1829 6th Ave, a few blocks east of Lake Merritt roughly m...
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• AZ Apartment Property Gets a New Owner after $34 Mil Transaction
12/08/17
Mission Springs, a 306-unit apartment community in Tempe, AZ, has traded in a recent $33.8 mil ($110.5k/unit) deal. The property, located at 1311 W. Baseline Rd, was purchased by 29th Street Management II LLC.
Built in 198...
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• Trion Properties Closes Its Third Res Buy in the Beaverton, OR Market
12/07/17
Trion Properties has acquired Hallwood Apartments, a 76-unit apartment community in the Portland, OR submarket of Beaverton, for $12.25 mil ($161k/unit). The acquisition comes on the heels of the firm’s acquisition of Bel Air...
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• San Fernando Valley Multifamily Comp Comes in at $237k/Unit
12/07/17
A private investor paid $9.73 mil for The Nordhoff Forty One, a 41-unit ($237k/unit) multifamily building in the northern San Fernando Valley community of Panorama City. The property is located at 14668 Nordhoff St, east of t...
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• Work is Underway on New Res Community for Active Adults in Denver
12/06/17
Avenida Partners LLC has begun construction of a new, 230-unit service-enriched rental community for active adults age 55 and better in the metro Denver. The project, Avenida Lakewood, is located just six miles from downtown ...
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• San Fernando Valley Apartment Portfolio Sold for $51 Mil
12/06/17
A five-property, 243-unit apartment portfolio in the San Fernando Valley sold in two separate transactions for a combined $51 mil ($210k/unit). The seller was the original developer of all five assets as well as the property ...
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• TX Res Community Lands New Financing of $33.4 Mil
12/04/17
MC Companies has secured a new $33.45 mil loan for The Place at Castle Hills, a 680-unit apartment community the company owns in Suburban San Antonio, TX. The Freddie Mac financing was arranged by Walker & Dunlop.
Located 13...
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• Touchstone Communities Buys Former Agricultural Site in North San Diego County for New Mixed-Use Community
12/04/17
Touchstone Communities has acquired 75 acres of former agricultural land in San Diego’s Valley Center region. The buyer plans to use the land to develop a brand new mixed-use residential community, known as Park Circle, which...
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• Bay Area Res Community Traded in $53 Mil Transaction
12/01/17
JRK Property Holdings has acquired Diamond Hillside, a 242-unit garden style apartment community in the San Francisco East Bay community of Pittsburg. The asset was sold by a joint venture of McDowell Properties and Harbert M...
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• Work Has Started on 551-Unit Res Project in San Jose
12/01/17
A venture between Western National Group, Anchor Real Estate Capital and Fantasia Holding Group has started construction of a new 551-unit multifamily community in San Jose. The project, to be called The Platform, is located ...
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• Old Mother’s Cookies Building in Oakland Sells in Sweet $10 Mil Deal
11/30/17
The 21-unit Old Mother’s Cookies Lofts building in Oakland was acquired by BRAD Management in a recent $9.86 mil transaction. We’re told this sale represents the highest price per unit for a multifamily deal in Oakland this y...
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• San Francisco Planning Commission Approves Mixed-Use Project by Trammell Crow Residential in City’s SoMa District
11/29/17
A planned mixed-use residential development by Trammell Crow Residential (TCR) in San Francisco’s SoMa district was just approved by the city’s planning commission. The new $95 mil development, slated to consist of 127 apart...
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• Luxury Res Project in Torrey Hills Trades
11/29/17
Ocean Air L.P., an affiliate of R&V Management Corporation, has purchased Ocean Air luxury condominium rental homes, a 100-unit luxury residential property in Torrey Hills. It was sold by TH Real Estate (an affiliate of Nuvee...
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