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• Lion Real Estate Buys Over 200 Res Units in the San Fernando Valley
10/25/17
Lion Real Estate Group purchased a 207-unit, three-property apartment portfolio in the San Fernando Valley for $41.6 mil, or $201k/unit. The transaction was sold off-market by a Los Angeles-based private investor who develope...
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• Multifamily Property at the Foot of Vail Ski Resort Lands New $21.8 Mil Fannie Mae Loan
10/25/17
Gorman & Company Inc has refinanced Lion’s Ridge Apartment Homes, a 114-unit multifamily property at the foot of Vail Ski Resort in Vail, CO. The $21.75 mil Fannie Mae loan was structured by Walker & Dunlop Inc.
Lion’s Ridge...
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• New Silicon Valley Res Project is Finished
10/25/17
Sares Regis Group of Northern California (SRGNC) has completed development of 6tenEAST, a new luxury apartment community in Sunnyvale. The four-story, 205-residence community, featuring a wide variety of well-designed floor p...
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• San Gabriel Valley Apartment Portfolio Sold in Deals Totaling Over $50 Mil
10/24/17
A 15-property apartment portfolio in the western San Gabriel Valley sold for a total price of $51.7 mil. The portfolio, which consists of 169 units in 15 properties, was sold to a number of different investors.
The portfolio...
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• San Luis Obispo Res Property Refinanced with $110 Mil Fannie Mae Loan
10/24/17
The Reliant Group has arranged $110 mil in refinancing for the refinance of Mustang Village Apartments, a 39-building, 506-unit student housing community located in San Luis Obispo. The property, situated across the street f...
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• Hollywood Res Project Breaks Ground
10/23/17
Essex Property Trust has broken ground on Essex Hollywood, a $54 mil mixed-use, urban infill development located at 6240 Sunset Blvd in Los Angeles. The new 352k sf, seven-story project is being built by McCormick Constructio...
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• Community Preservation Partners Completes Rehabilitation of Portland Affordable Housing Community
10/20/17
Community Preservation Partners (CPP) has completed the rehabilitation of Plaza Townhomes, a 68-unit affordable housing community in Portland, OR. The 12-month rehabilitation cost more than $50k per unit – an investment about...
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• Commercial Real Estate Financing Briefs
10/19/17
BERKADIA - Berkadia secured a $62.5 mil loan to finance Amerige Pointe, a 292-unit multifamily property located in Fullerton. Located at 1001 Starbuck St, Amerige Pointe consists of studio, one-, two- and three-bedroom units....
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• Washington State Res Property Sells for $20 Mil
10/19/17
Meter Properties has acquired Arterra Townhomes, an 81-unit, garden-style apartment property in Kent, WA for $20 mil ($247k/unit), free and clear of any debt. The seller was a joint venture between PCCP LLC and Westbridge Pro...
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• SoCal Expected to See Triple-Digit Residential Rent Increases Over Next Two Years
10/18/17
The 2017 University of Southern California Casden Economics Forecast finds that rising employment combined with an ongoing lull in homeownership will again drive rent increases over the next two years throughout the region.
...
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• AZ Res Property Traded for $11k/Unit
10/18/17
Tempe Vista, a 186-unit apartment communityin Tempe, AZ, was purchased by Denver-based Capital Real Estate LLC for $20.5 mil ($110.2k/unit). The property, located at 2045 E. Broadway Rd, was sold by Phoenix-based 2045 Broadwa...
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• Santa Rosa Manufactured Home Community Refinanced with $13.7 Mil Freddie Mac Loan
10/17/17
An OC-based private investor has obtained $13.7 mil in permanent refinancing for Mountain View Mobile Estates, a 109-site manufactured home community in Santa Rosa. The property is located at 2860 Santa Rosa Ave, just east of...
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• NoCal Multifamily Asset Sells for Over $42 Mil
10/17/17
Security Properties Inc /New York Life Real Estate Investors has purchased The Henley Apartment Homes, a 240-unit, garden style apartment community located in the NoCal community of Suisun City, roughly midway between San Fra...
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• Strategic Legacy Investment Group Starts Work on 32-Unit Res Project in Hollywood
10/16/17
Los Angeles-based Strategic Legacy Investment Group Inc (SLIG), has commenced demolition of the existing properties at a Hollywood site for the construction of a new multifamily development called The Dream @ Tamarind South. ...
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• West LA Multifamily Refinancing Reaches The Heights in $116 Mil Deal
10/16/17
RW Selby & Co has secured a $116 mil refi loan on The Heights Luxury Apartments, a 582-unit, Class A multifamily property in West Los Angeles. The Fannie Mae Green Rewards loan was arranged by Walker & Dunlop Inc.
The Height...
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• $64 Mil Affordable Housing Project Breaks Ground in Emeryville
10/13/17
EAH Housing and the City of Emeryville have broken ground on Estrella Vista, a new, 86-unit transit-oriented mixed-use residential development at 3706 San Pablo Ave in the downtown area of Emeryville, in the East Bay. The $64...
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• Westview Group Buys 175-Unit Multifamily Property in Palms Springs for $20.5 Mil
10/12/17
Westview Group has purchased a 175-unit apartment property in Palm Springs for $20.5 mil ($117k/unit). Built in 1979, the property is located at 311 South Sunrise Way, south of Tahquitz Canyon Way between Palm Canyon Dr and ...
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• Logan Capital Advisors Buys Over 200 Apartment Units in the Inland Empire
10/12/17
Logan Capital Advisors spent $33 mil on a two-property, 214-unit ($154.2k/unit) apartment portfolio in the Inland Empire. The properties, Reche Ridge and 1333 Canyon, are located at 2270 Cahuilla St and 1333 Reche Canyon in t...
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• High-End Denver Res Tower Fetches $649k per Unit
10/11/17
Steele Creek, a Denver multifamily property with 218 units, traded hands in a recent deal valued at $141.5 mil, or $649k per unit. The 12-story, ultra-luxury apartment community is located at 3222 East 1st Ave, in the city’s ...
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• Sacramento Res Property Lands New Ownership after $35 Mil Sale
10/11/17
Sequoia Equities LLC closed on a newsworthy NoCal multifamily buy, paying $35 mil for Wolf Ranch, a 17-building, 160-unit ($219k/unit), Class A apartment community in Sacramento. The asset, located at 7200 Jacinto Ave, was so...
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