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• San Fernando Valley Multifamily Comp Comes in at $237k/Unit
12/07/17
A private investor paid $9.73 mil for The Nordhoff Forty One, a 41-unit ($237k/unit) multifamily building in the northern San Fernando Valley community of Panorama City. The property is located at 14668 Nordhoff St, east of t...
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• Work is Underway on New Res Community for Active Adults in Denver
12/06/17
Avenida Partners LLC has begun construction of a new, 230-unit service-enriched rental community for active adults age 55 and better in the metro Denver. The project, Avenida Lakewood, is located just six miles from downtown ...
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• San Fernando Valley Apartment Portfolio Sold for $51 Mil
12/06/17
A five-property, 243-unit apartment portfolio in the San Fernando Valley sold in two separate transactions for a combined $51 mil ($210k/unit). The seller was the original developer of all five assets as well as the property ...
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• TX Res Community Lands New Financing of $33.4 Mil
12/04/17
MC Companies has secured a new $33.45 mil loan for The Place at Castle Hills, a 680-unit apartment community the company owns in Suburban San Antonio, TX. The Freddie Mac financing was arranged by Walker & Dunlop.
Located 13...
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• Touchstone Communities Buys Former Agricultural Site in North San Diego County for New Mixed-Use Community
12/04/17
Touchstone Communities has acquired 75 acres of former agricultural land in San Diego’s Valley Center region. The buyer plans to use the land to develop a brand new mixed-use residential community, known as Park Circle, which...
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• Bay Area Res Community Traded in $53 Mil Transaction
12/01/17
JRK Property Holdings has acquired Diamond Hillside, a 242-unit garden style apartment community in the San Francisco East Bay community of Pittsburg. The asset was sold by a joint venture of McDowell Properties and Harbert M...
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• Work Has Started on 551-Unit Res Project in San Jose
12/01/17
A venture between Western National Group, Anchor Real Estate Capital and Fantasia Holding Group has started construction of a new 551-unit multifamily community in San Jose. The project, to be called The Platform, is located ...
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• Old Mother’s Cookies Building in Oakland Sells in Sweet $10 Mil Deal
11/30/17
The 21-unit Old Mother’s Cookies Lofts building in Oakland was acquired by BRAD Management in a recent $9.86 mil transaction. We’re told this sale represents the highest price per unit for a multifamily deal in Oakland this y...
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• San Francisco Planning Commission Approves Mixed-Use Project by Trammell Crow Residential in City’s SoMa District
11/29/17
A planned mixed-use residential development by Trammell Crow Residential (TCR) in San Francisco’s SoMa district was just approved by the city’s planning commission. The new $95 mil development, slated to consist of 127 apart...
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• Luxury Res Project in Torrey Hills Trades
11/29/17
Ocean Air L.P., an affiliate of R&V Management Corporation, has purchased Ocean Air luxury condominium rental homes, a 100-unit luxury residential property in Torrey Hills. It was sold by TH Real Estate (an affiliate of Nuvee...
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• Construction of Portland Res Development Financed with $63.5 Mil Loan
11/29/17
Construction of a seven-story, 162-unit condominium project located off NE Multnomah in Portland, OR has gotten underway thanks to $63.5 mil in financing provided by Canyon Partners Real Estate LLC®. The new project is being ...
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• Cumberland Holdings Pays $78k/Unit for WA Res Property
11/28/17
Cumberland Holdings has purchased Hawaiian Village Apartment Homes, a 192-unit community in Kennewick, WA, for $15 mil ($78k/unit). The property is located at 1105 W 10th Ave, east of Hwy 395.
Built in 1980, Hawaiian Village...
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• Res Property in Belmont Heights Area of Long Beach Sells for $331k/Unit
11/28/17
Redondo Avenue Apartments, an eight-unit apartment property in the Belmont Heights submarket of Long Beach, traded hands in a recent $2.65 mil ($331k/unit) transaction. The deal closed at a 3.8% cap rate.
Built in 1964, thi...
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• Kennedy Wilson Closes $135 Mil Res Buy in Issaquah, WA
11/27/17
Kennedy Wilson (KW) has acquired Atlas, a 343-unit apartment community in Issaquah, WA. The property, located at 1036 7th Ave NW, sold for $135 mil, or $393.6k/unit.
KW invested $52 mil of equity, and secured a 10-year inte...
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• 65-Unit Asset in LA’s Westlake/MacArthur Park Area Fetches $240k/Unit
11/20/17
In an LA-area apartment sales comp, Winstar Properties Inc paid $15.6 mil for a 65-unit ($240k/unit) asset at 236 S. Bonnie Brae St, in the city’s Westlake/MacArthur Park neighborhood. The property was sold by a private inves...
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• Long Beach Residential/Retail Property Trades in $3 Mil Deal
11/20/17
Tam Trust paid $3.05 mil for East 7th Street Apartments, a 22-unit ($138.6k/unit) mixed-use apartment-over-retail property in the historic Rose Park District of Long Beach. The property was sold by Redempta Catolica Trust.
B...
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• Pathfinder Partners Adds 140 Units to Its Denver Area Res Portfolio
11/20/17
San Diego-based Pathfinder Partners recently closed on its seventh Denver-area multifamily buy, paying $22 mil for Quail Ridge Apartments, a 140-unit ($157k/unit) multifamily community in Thornton. The property, located at 50...
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• Kennedy Wilson Completes $304 Mil in Sales
11/17/17
Global real estate investment company Kennedy Wilson (KW) recently collected $304 mil from the sales of two assets, one of which was a 615-unit apartment community in Alameda called Summer House. That property sold for $231 m...
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• Two CO Multifamily Properties Trade in Deals Totaling Over $23 Mil
11/17/17
Two Colorado multifamily properties totaling 148 units sold in separate deals for a combined price of $23.2 mil. Tom Wanberg and John Blackshire with Transwestern represented the sellers in both transactions.
In one of the t...
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• Davlyn Investments Picks Up 88-Unit Res Asset in Simi Valley in $24 Mil Deal
11/16/17
In Simi Valley, Davlyn Investments bought Colony, an 88-unit, luxury, Class A multi-family community, in a $24.25 mil ($275.5k/unit) transaction. Colony will be rebranded “1750 on First” by the new ownership.
Davlyn views th...
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