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• Tacoma Assisted Living Facility Refinanced with $9.3 Mil FHA Loan
10/11/17
Berkeley Point Capital recently completed a $9.3 mil refinance for Spring Ridge Assisted Living & Memory Care, a 63-unit housing complex in Tacoma, WA. The financing was funded through HUD’s FHA 232/223(f) program.
Spring Ri...
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• Santa Monica Apartment Property Trades for $417k/Unit
10/11/17
A six-unit apartment property in a prime neighborhood next to Clover Park in Santa Monica has sold for $2.5 mil, or $417k/unit. The deal had a closing cap rate of 3.6%.
Built in 1948, the property islocated at 2450 Oak St, o...
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• Lowe Starts Work on WA Res Project
10/10/17
Lowe has begun construction of The Talisman, a 286-unit, multifamily property at the 1.2 msf Redmond Town Center mixed-use development in Redmond, WA. The six-story Talisman will anchor the lifestyle center, blending resident...
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• Pasadena Apartment Building Sells for $262k/Unit
10/10/17
A Los Angeles-based private investor paid $4.2 mil for Churchill Apartments, a 16-unit ($262.5k/unit) multifamily property in Pasadena. Built in 1965, the property is located at 450 South Los Robles Ave.
The property include...
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• Inland Empire Multifamily Asset Trades in $35 Mil Deal
10/09/17
Metro 102 Apartments, a 160-unit, garden-style property in Ontario, traded hands in a recent $35 mil deal that valued the asset at about $219k per unit. The property was sold by LA-based TruAmerica Multifamily to a California...
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• Multifamily Property in the East Bay Trades for Over $13 Mil
10/06/17
Aloha Apartments, a 47.3k sf, 70-unit multifamily property in the East Bay city of Hayward, sold for $13.175 mil, or $188k/unit. The property is located at 250 W. Jackson St, near the I-880 and I-580 freeways.
Aloha Apartmen...
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• New 230-Unit Res Unit Started in Popular Marina Arts District in LA’s Westside
10/06/17
California Landmark Group (CLG) has started construction on “G8”, a 230-unit apartment development in the Marina Arts District adjacent to Marina del Rey, CA. G8 will be one of the largest multifamily developments to be buil...
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• Two Multifamily Sales in Long Beach Total Over $17 Mil for 97 Units
10/06/17
Two multifamily portfolios in Long Beach sold in separate transactions totaling $17.4 mil. The first portfolio comprises 45 units and is located on East Wardlow Road. The second portfolio comprises 52 units along Chestnut Av...
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• Interstate Equities Corporation Buys 133-Unit Res Asset in San Diego’s La Mesa Submarket
10/04/17
Institutional fund manager Interstate Equities Corporation (IEC) recently closed on the $33.95 mil purchase of Verse La Mesa, a 133-unit ($255k/unit), value-add multifamily asset in the La Mesa submarket of San Diego. This ac...
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• New Pasadena Res Project Designed to Complement Its Historic Neighborhood
10/03/17
Construction is underway on The Theo, a new 105-unit multifamily building in Pasadena. The project, located at 289 N. El Molino Ave, is being developed by Summerhill Apartment Communities.
The Theo was designed by KTGY Archi...
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• OR Res Community Traded in $18.8 Mil Transaction
10/03/17
In a recent OR multifamily sales comp, Virtu Investments paid $18.75 mil for Barclay Village, a 146-Unit ($128.4k/unit) apartment community in Oregon City. The asset was sold by Barclay Cascade Investors LLC.
Built in 1987, ...
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• Trion Properties Pays $26.5 Mil for 88 Res Units in Fremont
10/03/17
Trion Properties has acquired an 88-unit multifamily property in the Bay Area city of Fremont for $26.5 mil, or $301k/unit. This is the firm’s fifth Bay Area acquisition in less than two years, bringing its portfolio in the a...
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• Shipping-Container Homeless Housing is Coming to Los Angeles
10/02/17
KTGY Architecture + Planning has unveiled designs for Hope on Alvarado, a new building that will be the first of a series of housing developments in highly walkable communities, providing support services for individuals tran...
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• Bascom Arizona Ventures Spends $70 Mil on Over 800 Units in the State
9/27/17
Bascom Arizona Ventures has purchased a three-property, 812-unit portfolio of multifamily assets in Southern Arizona in a transaction valued at $70.2 mil. The properties are:
• Summit Vista, 288 units, Tucson
• Cres...
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• Multifamily Asset in Seattle’s First Hill Neighborhood Trades for $365k/Unit
9/27/17
Stella Apartments, a 20-unit community in the First Hill neighborhood of Seattle, WA, sold for $6.85 mil, or $342.5k/unit. Stella is ideally located less than one mile from Downtown Seattle and within blocks of the Pike-Pine ...
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• Multifamily community in Mesa, AZ Goes for $50k/Unit
9/26/17
Sonoran Palms, a 206-unit multifamily property in Mesa, AZ, traded hands for $10.3 mil, or $50k/unit. The property is located at 900 N. Country Club Dr.
Sonoran Palms consists of studio- and one-bedroom floorplans ranging fr...
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• Walker & Dunlop Closes $1.9 Bil Financing Deal
9/25/17
Walker & Dunlop, Inc has closed the largest financing in company history, a $1.9 bil portfolio of Freddie Mac loans to Greystar Growth and Income Fund LP in connection with its acquisition of Monogram Residential Trust.
The...
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• Robbins Electra Picks Up 344-Unit TX Res Asset
9/25/17
Robbins Electra purchased Pecan Springs, a 344-unit luxury multifamily property located in Northwest San Antonio, TX. The price was not disclosed.
The apartment complex is located near UTSA Blvd above the Interstate 10/Loop ...
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• West Los Angeles Apartment Property Refinanced with $29 Mil in Fannie Mae Money
9/25/17
Woodmere Ltd has obtained a $29.25 mil refi loan on The Woodmere, a luxury garden apartment property in West Los Angeles. The property is located at 3700 S. Sepulveda Blvd, north of Venice Blvd.
The Woodmere offers convenie...
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• Sycamore Properties Closes $57 Mil Sacramento Res Buy
9/22/17
Security Properties purchased Sycamore Terrace, a 244-unit property in Sacramento, for $57.4 mil ($235k/unit). Built in 2006, Sycamore Terrace is located at 40 Park City Ct, south of Florin Rd and just west of I-5.
The prop...
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