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November 8, 2024
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MULTIFAMILY NEWS
Archive
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• Pomona Res Community Sells in $35 Mil Transaction
10/26/23
Terramonte at Foothill, a 138-unit apartment property at the very eastern edge of L.A. County, in Pomona, traded for $35.5 mil, or $257.2k/unit. The property is located at 150 W. Foothill Blvd, just west of Garey Ave and sou...
more » 

• Community Preservation Partners and The Hampstead Companies Pick Up 112-Unit Multifamily Property in Layton, UT
10/25/23
CPP (Community Preservation Partners), in a venture with The Hampstead Companies, purchased Skyline View Apartments, a 112-unit multifamily property in Layton, UT. Skyline View Apartments is comprised of eight two-story...
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• Bakersfield Multifamily Property Traded in a Deal that Works Out to $139k/Unit
10/25/23
Cedar Oaks Apartments, a 98-unit multifamily community in Bakersfield, was sold in a recent $13.6 mil ($138.8k/unit) transaction. According to CoStar, this sale represents the 2nd largest transaction this year in Bakersfield....
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• Green Leaf Capital Partners Buys 141-Unit Res Community in North Portland
10/25/23
Green Leaf Capital Partners has acquired The Perch PDX, a 141-unit, newly constructed, luxury, transit-oriented multi-housing community located in the highly sought-after Overlook neighborhood of North Portland, OR. It was so...
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• Apartment Property in L.A.’s Silver Lake Neighborhood Sells for $573k/Unit
10/24/23
A 21-unit multifamily property in L.A.’s Silver Lake neighborhood traded for $12.05 mil, or $573.8k sf/unit. The property is located at 1185 Myra Ave, a block north of the confluence of Santa Monica and Sunset Blvds. Located...
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• Laguna Beach Apartment Building Sells for $384k/Unit
10/24/23
An eight-unit multifamily community in Laguna Beach was purchased by an Orange County-based private investor for $3.075 mil, representing a sale price of $908 per square foot and $384.4k/unit. The apartment building is locate...
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• Cityview Wraps Up Work on 123-Unit Res Project in L.A.’s Pico-Robertson Area
10/20/23
Cityview has completed The Parker – a 123-unit mixed-use project in the Pico-Robertson community of West Los Angeles. Now welcoming residents, the transit-oriented community is built to LEED Silver standards and features stud...
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• San Fernando Valley Apartment Property Sells for $337k/Unit
10/20/23
A private investor paid $6.75 mil for a 20-unit ($337.5k/unit) apartment property in the San Fernando Valley community of Valley Glen. The property is located at 13426 Vanowen St, between Woodman and Fulton Aves. Constructed...
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• Ridgecrest Multifamily Property Goes for $48k/Unit
10/19/23
Ridge Apartment homes, an 80-unit multifamily property in the Inland Empire city of Ridgecrest, sold for $3.85 mil ($48.1k/unit). The property is located at 400 Cisco St, east of Hwy 395 and north of Hwy 78. Ridge Apartment ...
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• Two Garden Grove Apartment Properties Generate $3.3 Mil
10/18/23
Two multifamily rental communities located on the same street in Garden Gove traded in recent deals with a combined price of $3.3 mil. The properties, located near the major thoroughfare of Euclid St and Katella Ave, contain ...
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• Watch Interview with The Saywitz Company President and Founder Barry Saywitz in New Episode of CRE Talk with Steve & Arnie
10/16/23
Steve Bloom of RENTV and Arnie Garfinkel of All Star Group interview Barry Saywitz, President and Founder at The Saywitz Company, a commercial real estate brokerage firm, and at Saywitz Properties, which owns and manages apar...
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• Henderson, NV Apartment Property Sells for $175k/Unit
10/13/23
An 88-unit multifamily property in Henderson, NV was acquired by a private investor for $15.4 mil ($175k/unit). The property, Madison at Green Valley, is located at 2096 Ramrod Ave , south of Tropicana Ave on the west side of...
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• New Built-to-Rent Community in Richmond, TX has Been Completed
10/12/23
Tricon Veranda, a new built-to-rent community in Richmond, TX, has been completed. Developed by Tricon Residential, Johnson Development Corporation, and HHS Residential the project consists of 90 single-family homes. Locate...
more » 

• Jackson Square Properties Closes $111 Mil Multifamily Buy in Denver
10/11/23
Jackson Square Properties has purchased Broadstone Kendrick, a 254-unit apartment community in Denver’s Uptown neighborhood, for $111 mil, or $437k/unit. The apartments are located at 1780 Marion St and 1160 E 18th Ave, acros...
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• Construction Underway on New Res Project in San Diego’s Linda Vista Neighborhood
10/11/23
Construction on Citrino, a 47-unit, solar-powered multifamily community located at 6916 Fulton St in San Diego’s Linda Vista neighborhood, is nearing completion. The new community replaces 1940’s-era World War II housing, and...
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• Two Recent Long Beach Apartment Sales Total Over $7 Mil
10/11/23
Two multifamily apartment communities totaling 23 units in Long Beach sold to separate buyers in deals with a combined price of $7.09 mil ($308k/unit). In one of the transactions, a seven-unit multifamily property at 122 E....
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• Brixton Capital Acquires Recently Completed Phoenix Res Community
10/10/23
Brixton Capital acquired Alta Warehouse District, a Class A, 300-unit apartment community in Downtown Phoenix’s rapidly expanding Warehouse District. Completed in 2023, and developed by Atlanta-based Wood Partners, Alta Wareh...
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• Mixed-Use Project in L.A.’s Los Feliz Neighborhood Lands $90 Mil Refi
10/09/23
A joint venture of LaTerra Development and Clarion Partners has secured $90 mil in refinance money for The Louise, a newly constructed, upscale multifamily mixed-use property in L.A.’s Los Feliz neighborhood. The project, fea...
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• Two Anaheim Apartment Sales Total Up to $5.5 Mil
10/05/23
We’ve got news of two Anaheim multifamily property sales to separate buyers totaling 20 units for a combined price of about $5.5 mil. CBRE’s Dan Blackwell Andrew Boukather and Amanda Fielder represented the seller in the deal...
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• Kearny Mesa Res Project to Move Forward with $99 Mil in Construction Money
10/05/23
San Diego-based real estate development firm AAA Management has landed $99.4 mil in construction financing for Ion Aero, a planned 302-unit mid-rise multifamily community located at 8555 Aero Dr in San Diego. The community w...
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