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• Avalon Group Locks in $105 Mil in Financing on Honolulu Res Development
9/21/17
Avalon Group has secured $105 mil in financing for 7000 Hawaii Kai Drive, a 270-unit, Class A multi-housing property the firm recently developed in the southeastern part of Honolulu, Hawaii, in the seaside community of Hawaii...
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• Beachside Multifamily Properties in Oceanside Trade for $346k/Unit
9/21/17
Two beachside multifamily properties totaling 13 units in Oceanside recently sold for more than $4.5 mil ($346k/unit) combined. Glenn L. Goldman Family Trust sold the properties, located at 1312 and 1318 S. Pacific St, to sep...
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• Universe Holdings Buys Art Deco Apartment Property in LA’s Westlake Neighborhood
9/21/17
Nob Hill Towers, an Art Deco-themed apartment building constructed in the early 20th century near downtown Los Angeles, was acquired by Universe Holdings in a recent $12.6 mil transaction. The 52-unit ($242k/unit) asset is l...
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• Inland Empire Res Buy Financed with $26 Mil in Equity and a Bridge Loan
9/20/17
Crystal Asset Management has obtained $26 mil in financing for the acquisition of Ridgeline Apartments, a 160-unit, Class B apartment complex in San Bernardino. The financing, which was arranged by Walker & Dunlop Inc, includ...
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• Apartment Property in Imperial Beach Goes for $6.7 Mil
9/20/17
A 38-unit apartment complex known as IB Villas in Imperial Beach traded hands in a recent $6.7 mil deal ($176.3k/unit). The 18.1k sf property, situated on just over one acre at 1479-1485 Elder Ave, was purchased by NEJ Proper...
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• Construction Topped Out on Res Development in San Francisco’s Jackson Square
9/18/17
Construction has topped out at 288 Pacific, a seven-story luxury condominium project located in the historic Jackson Square district of San Francisco. The project is being developed by Grosvenor Americas with Swinerton as the...
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• Monterey Multifamily Property Sells for $220k/Unit
9/18/17
The Bascom Group LLC has acquired Casanova Grove Apartments, a 76-unit infill apartment community located in the serene coastal NoCal city of Monterey, for $16.7 mil ($220k/unit).
Casanova Grove is located at 930 Casanova A...
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• KB Home Coastal Buys 5.8 Acres in Murrieta
9/15/17
KB Home Coastal, an entity of KB Home, has acquired a 5.78-acre residential land parcel located in Murrieta, for $5.525 mil. KB Home plans to develop 64-single family homes on the site.
The property is situated west of Inte...
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• Multifamily Property in LA’s Atwater Village Sells for Record Price
9/15/17
Atwater Avenue Apartments, a six-unit, turnkey property in the Los Angeles submarket of Atwater Village, has traded hands at a price of $2.13 mil. The transaction marked a record-breaking sale as the property achieved the hig...
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• Investor Exchanges into $8.2 Mil Inland Empire Multifamily Property
9/13/17
A 1031 exchange investor paid $8.2 mil for an Inland Empire multifamily asset. The 88-unit ($93.2k/unit) property, called Pine Gardens Apartments, is located at located at 1775 East 20th St, east of I-215 and south of the 210...
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• DiNapoli Capital Partners Buys 400 Res Units in Las Vegas
9/12/17
DiNapoli Capital Partners has obtained $44.6 mil in acquisition financing for the recent purchase of The Palms at Peccole Ranch Apartment Homes, a 404-unit, garden-style apartment community in Las Vegas. The property is locat...
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• Sacramento Apartment Community Sells for $450k per Unit
9/08/17
Walnut Creek-based Sequoia Equities paid $53 mil for EVIVA Midtown, a six-story, 118-unit trophy apartment community located in Sacramento’s urban core. At nearly $450k per unit, the property commanded the highest price per u...
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• Construction Started on Upscale Res Project in Brea
9/08/17
Western National Group, Anchor Real Estate Capital and Fantasia Holding Group have started construction of a new, luxury multifamily development in Brea. The project, slated to contain 206 units, is to be named Calligraphy.
...
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• Venice Apartment Building Trades at 0.7% Cap Rate
9/07/17
Venice Beach Apartments, a fully occupied, five-unit apartment property that is just a short walk to Venice Beach, sold for $2 mil – or $400k/unit. The transaction came in at a record-breaking with a cap rate of .7 percent –...
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• San Bernardino Multifamily Property Sells for $151k/Unit
9/07/17
Crystal Asset Management Inc recently paid $24.25 mil for Ridgeline Apartment Homes, a 160-unit ($151.6k/unit) res community in San Bernardino.
The property is located at 1925 W. College Ave, north of the 210 Fwy and just e...
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• KB Homes, Lennar Homes and Meritage Homes Buy 61 Acres at Marbella Ranch in Glendale, AZ
9/07/17
Three national home builders -- KB Homes, Lennar Homes and Meritage Homes -- purchased 61 acres at Marbella Ranch in Glendale, AZ for $5.19 mil. The site located at the northwest corner of El Mirage Rd and Glendale Ave, was s...
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• Gortikov Enterprises and AMCAL Equities LLC Planning to Build Up to 335 Res Units in Woodland Hills
9/07/17
A joint venture between Gortikov Enterprises and AMCAL Equities LLC is planning to break ground soon on a new multifamily residential community in Woodland Hills that will contain as many as 335 res units.
The property will...
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• Construction of Oxnard Res Development Financed with $13.5 Mil Loan
9/06/17
California Commercial Investment Group has obtained $13.5 mil in financing for the ground-up construction of a 72-unit apartment community in Oxnard. The money was arranged by Quantum Capital Partners.
Construction has comme...
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• CO Investor Spends Over $30 Mil on Two Denver Multifamily Properties
9/05/17
Jeff Sanders, a Boulder-based investor with Mountain View Capital LLC, acquired two Denver-area multifamily properties with a combined 429 units in deals totaling $30.9 mil ($72k/unit).
One of the properties, Coronado Crossi...
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• Tempe Res Property Trades in $25 Mil Deal
9/01/17
An entity formed by Laguna Point Properties LLC paid $25.7 mil for Anzio Apartment Homes, a 240-unit ($107k/unit), Class B multifamily property in Tempe, AZ. The asset, located at 1330 West Broadway Rd, was sold by WWC VII LL...
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