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• Construction of Portland Res Development Financed with $63.5 Mil Loan
11/29/17
Construction of a seven-story, 162-unit condominium project located off NE Multnomah in Portland, OR has gotten underway thanks to $63.5 mil in financing provided by Canyon Partners Real Estate LLC®. The new project is being ...
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• Cumberland Holdings Pays $78k/Unit for WA Res Property
11/28/17
Cumberland Holdings has purchased Hawaiian Village Apartment Homes, a 192-unit community in Kennewick, WA, for $15 mil ($78k/unit). The property is located at 1105 W 10th Ave, east of Hwy 395.
Built in 1980, Hawaiian Village...
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• Res Property in Belmont Heights Area of Long Beach Sells for $331k/Unit
11/28/17
Redondo Avenue Apartments, an eight-unit apartment property in the Belmont Heights submarket of Long Beach, traded hands in a recent $2.65 mil ($331k/unit) transaction. The deal closed at a 3.8% cap rate.
Built in 1964, thi...
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• Kennedy Wilson Closes $135 Mil Res Buy in Issaquah, WA
11/27/17
Kennedy Wilson (KW) has acquired Atlas, a 343-unit apartment community in Issaquah, WA. The property, located at 1036 7th Ave NW, sold for $135 mil, or $393.6k/unit.
KW invested $52 mil of equity, and secured a 10-year inte...
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• 65-Unit Asset in LA’s Westlake/MacArthur Park Area Fetches $240k/Unit
11/20/17
In an LA-area apartment sales comp, Winstar Properties Inc paid $15.6 mil for a 65-unit ($240k/unit) asset at 236 S. Bonnie Brae St, in the city’s Westlake/MacArthur Park neighborhood. The property was sold by a private inves...
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• Long Beach Residential/Retail Property Trades in $3 Mil Deal
11/20/17
Tam Trust paid $3.05 mil for East 7th Street Apartments, a 22-unit ($138.6k/unit) mixed-use apartment-over-retail property in the historic Rose Park District of Long Beach. The property was sold by Redempta Catolica Trust.
B...
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• Pathfinder Partners Adds 140 Units to Its Denver Area Res Portfolio
11/20/17
San Diego-based Pathfinder Partners recently closed on its seventh Denver-area multifamily buy, paying $22 mil for Quail Ridge Apartments, a 140-unit ($157k/unit) multifamily community in Thornton. The property, located at 50...
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• Kennedy Wilson Completes $304 Mil in Sales
11/17/17
Global real estate investment company Kennedy Wilson (KW) recently collected $304 mil from the sales of two assets, one of which was a 615-unit apartment community in Alameda called Summer House. That property sold for $231 m...
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• Two CO Multifamily Properties Trade in Deals Totaling Over $23 Mil
11/17/17
Two Colorado multifamily properties totaling 148 units sold in separate deals for a combined price of $23.2 mil. Tom Wanberg and John Blackshire with Transwestern represented the sellers in both transactions.
In one of the t...
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• Davlyn Investments Picks Up 88-Unit Res Asset in Simi Valley in $24 Mil Deal
11/16/17
In Simi Valley, Davlyn Investments bought Colony, an 88-unit, luxury, Class A multi-family community, in a $24.25 mil ($275.5k/unit) transaction. Colony will be rebranded “1750 on First” by the new ownership.
Davlyn views th...
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• Mass Equities Buys Development Site in Denver’s RiNo District
11/16/17
Mass Equities Inc (MEQ) has acquired a Denver development site in the city’s River North Arts District (RiNo). The purchase consists of 7.8 acres of land, including two existing buildings totaling over 219k sf of space. MEQ’s...
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• OC Investor Exchanges into La Habra Rental Cottage Property
11/15/17
A multifamily property in La Habra consisting of 18 single-family rental cottages was purchased by a local 1031 exchange investor for $5.3 mil ($294k/unit).
The property, located at 141-237 Monte Vista, contains 18 two-bedr...
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• San Diego Area Res Complex Trades for $34 Mil
11/15/17
Interstate Equities Corporation purchased Verse La Mesa, a 133-unit multifamily property in La Mesa, for $33.95 mil, or about $255k/unit. The acquisition was financed with a $21.9 mil Freddie Mac loan.
Verse La Mesa is locat...
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• JRK Property Holdings Adds over 600 Units to Its Holdings
11/14/17
JRK Property Holdings has made its first investment in California’s Central Valley with the acquisition of a 614-unit apartment portfolio in Fresno from Demmon Partners in a transaction valued at $98.75 mil ($160.8k/unit).
...
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• Calvera Partners Picks Up 20-Unit Res Asset in Mountain View
11/14/17
Calvera Partners has acquired Monroe Villa, a 20-unit vintage apartment building in Mountain View, in a recent $7.26 mil ($363k/unit) transaction. The property, located at 565 Escuela Ave, represents Calvera’s eleventh acquis...
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• Bascom San Francisco Refinances Renovated Alhambra Multifamily Property
11/14/17
Bascom San Francisco has refinanced its fully renovated LUXE 1801 Apartment Homes, a 109-unit, garden-style apartment community in the San Gabriel Valley city of Alhambra. The new $21.4 mil loan was arranged by Talonvest Capi...
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• New Anaheim Res Development Lands $136 Mil in Financing
11/13/17
JPI has obtained a $136 mil loan on Jefferson Platinum Triangle, a new 400-unit multifamily property located in Anaheim. The financing, which was originated by Square Mile Capital Management LLC, will repay JPI’s existing co...
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• Santa Monica Apartment Property Sells for $392k per Unit
11/13/17
In a recent multifamily sales comp from Santa Monica, The Bungalows on Ocean Park, a fully occupied six-unit apartment property, sold for $2.35 mil, or $392k per unit. The property is located at 1007 Ocean Park Blvd, south of...
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• Local Investor Pays $467k/Unit for Pasadena Residential/Retail Asset
11/13/17
Walnut Place, a fully occupied residential/retail property Pasadena’s Playhouse District, has sold for $14 mil. The 28-unit property, located at 712 E. Walnut St, includes two retail units.
Built in 2004, the five-story pro...
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• L.A. Area Multifamily Portfolio Refinanced with $267 Mil
11/10/17
In a major financing deal, George Smith Partners (GSP) has successfully secured $266.78 mil in refi money for a four-property multifamily portfolio comprised of 1,359 units in Los Angeles. The borrower is G.H. Palmer.
The r...
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