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• Private Investor Spends $205k/Unit on Portland Apartment Property
3/21/17
A private investor has acquired Collective Portland, a 52-unit, urban multi-housing community located in southwest Portland, for $10.65 mil, or $205k/unit. The property was sold by Real Development Corporation.
Built in 1945...
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• Work Gets Started on Irvine Luxury Res Complex
3/20/17
Sanderson J. Ray Development has broken ground on The Westerly, a new Class A luxury apartment development located on the southwest corner of Main St and Jamboree Rd in Irvine. The development marks Sanderson J. Ray’s first l...
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• TMG Partners Planning to Redevelop San Francisco Medical Property into Residential Housing
3/20/17
Big plans await the California Pacific Medical Center (CPMC) Sutter Health campus site in San Francisco, as TMG Partners submitted a Preliminary Project Application and Environmental Evaluation for a proposed residential proj...
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• Beverly Hills Investor Spends Over $3 Mil on Long Beach Multifamily Asset
3/17/17
Palmdale Apartments, a 24-unit property located in the East Village Arts District of Downtown Long Beach, was acquired by a Beverly Hills-based investment entity for $3.18 mil, or $132.5k/unit. The deal closed at a 4.57% cap ...
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• Vegas Multifamily Property Sells for $113k/Unit
3/17/17
Conejo Villas Apartment Homes, a 252-unit multifamily property in Las Vegas, traded hands for $28.5 mil, or $113k/unit. The property is located at 5060 W. Hacienda Ave, just west of Decatur Blvd.
Built in 1999, Conejo Villas...
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• CA Home Sales and Prices Dip from January but Remain Well Above Prior Year
3/16/17
After starting the year on a positive note in January, California home sales and median price backpedaled a bit in February, but still showed strong gains on a yearly basis, according to the latest data from the California As...
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• Zion Enterprises and TA Partners Buy 1.37-Acre Dev Site in Downtown Los Angeles
3/16/17
Zion Enterprises and TA Partners have acquired a 1.37-acre site in downtown Los Angeles slated for multi-family development. The price was not disclosed.
The property, situated at Grand Ave and Cesar Chavez Ave, is entitled ...
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• El Cajon Hotel Purchased for Conversion to a Res Property
3/15/17
A private investor has purchased the 75-unit Ha’ Penny Inn in El Cajon for $5.63 mil, or $75k/unit. The plans to convert the 35.7k sf asset, located at 1549 E. Main St, into a multifamily property.
Peter Scepanovic and Corey...
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• Boutique Res Project in LA’s Larchmont Village Completed
3/15/17
Micropolitan, LLC has completed construction of Micropolitan at Larchmont Village, a boutique lifestyle, residential development in Los Angeles’ Larchmont Village area. The 32.7k sf, three-story structure is located at 5825 C...
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• Greystone Arranges $37 Mil in Fannie Mae Refi Money on TX res Community
3/13/17
Southlake, TX-based Integrated Real Estate Group recently obtained $37 mil in Fannie Mae DUS® refinancing on Enclave at Westport, a 339-unit, Class A multifamily community in the Dallas / Fort Worth Metroplex area. The proper...
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• Exchange Investor Spends Over $4 Mil on Anaheim Res Property
3/13/17
Olive Street Apartments, a 14-unit multifamily property in Anaheim, was purchased by a private investor for $4.19 mil, or $299k per unit. The buyer made the acquisition as part of a 1031 exchange.
The building, located at 12...
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• Walker & Dunlop Arranges $75 Mil in Freddie Mac Money on Four Res Properties
3/10/17
Walker & Dunlop Inc structured loans totaling $75.6 mil with Freddie Mac for four multifamily properties located in AZ and TX. The assets are all Class B, garden-style apartment complexes.
The portfolio’s four loans were str...
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• Continental Partners Arranges $5.3 Mil on San Francisco Office Building
3/10/17
Continental Partners has arranged $5.3 mil in bridge to mini-perm financing for a 7.5k sf, value-add office building located in the financial district of downtown San Francisco. The property will be converted into multifamily...
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• Security Properties Completes 342-Unit Multifamily Buy in Las Vegas
3/09/17
Security Properties purchased Orchard Club, a 342-unit affordable multifamily property in Las Vegas, for $27.2 mil, or $79.5k/unit. Orchard Club is a garden-style community comprised of a mixture of family and senior, income-...
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• Studio City Apartment Property Fetches $329k/Unit
3/09/17
A seven-unit multifamily property in the San Fernando Valley community of Studio City traded hands in a recent $2.3 mil ($329k/unit) deal. The property, located at 12642 Moorpark St, south of the 101 Fwy and east of Coldwater...
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• Phoenix Res Property Traded in $12 Mil Deal
3/07/17
R&V Management Corporation purchased The Monarch, a 120-unit multifamily property in Phoenix, for $12.05 mil, or $100.4k/unit. The property is located at 77 West Coolidge St, in the highly sought after Uptown neighborhood in ...
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• Multifamily Property in San Diego’s Little Italy Neighborhood Sells for $357k/Unit
3/06/17
Billboard Lofts, a 24-unit luxury multifamily property in downtown San Diego’s vibrant Little Italy neighborhood, sold for $8.575 mil, or $357k/unit. Billboard Lofts was designed, built and sold by the award-winning Sebastian...
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• $30 Mil Marina del Rey Res Project Completed
3/06/17
R3, a $30 mil, loft-style project in Marina del Rey consisting of 67 coastal contemporary apartments and more than 5k sf of creative office space, was just completed. The project, located at 4091 Redwood Ave, just south of Wa...
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• PTLA Real Estate Group Lands $10.5 Mil in New Financing on Two Walnut Creek Res Properties
3/06/17
PTLA Real Estate Group has secured $10.525 mil on two Walnut Creek, CA apartment communities that it owns, Vista Terrace and Oak Terrace. Tom Wilson and director Chris Gandy with HFF arranged the two separate transactions thr...
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• Hines Begins Work on Oakland Res Project
3/02/17
Hines has started construction on MacArthur Commons, a new multifamily development located in Oakland's Temescal district. The development represents Hines' first for-rent residential project in the Oakland area.
The multif...
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