|
• CSI Construction to Build 137-Unit Assisted Living Facility in Monument, CO
7/17/17
An affiliate of CSI Construction secured a $28.2 mil construction loan for Jackson Creek Senior Living, a 137-unit assisted living facility they intend to develop between Denver and Colorado Springs in Monument, CO. The loan ...
|
• San Bernardino Multifamily Property Generates Multiple Offers Before Selling for $123k/Unit
7/14/17
An unnamed private investor out of Los Angeles paid $9.75 mil for Country Club Apartments, a 79-unit ($123.4k/unit) multifamily community in San Bernardino. Built in 1986, the property sits on a 5.44-acre site at 160 East Par...
|
• Trumark Homes to Launch Two Res Communities in the Inland Empire
7/13/17
Trumark Homes is moving forward with two new Inland Empire residential communities – Founders in Chino Hills and another new project in Ontario. The two new developments will offer 76 new single-family homes and 114 new condo...
|
• Advanced Real Estate Services Secures $100 Mil Refi on Long Beach Multifamily Property
7/11/17
Advanced Real Estate Services Inc (ARES) has obtained a $100.7 mil refi loan from Freddie Mac on Lakewood Manor Apartments, a 570-unit multifamily property in Long Beach.
ARES acquired the original 565-unit Lakewood Manor A...
|
• Fowler Property Acquisitions Buys 185-Unit Apartment Complex
7/10/17
Fowler Property Acquisitions has purchased the leasehold interest in The Village at Morena Vista, a 185-unit multifamily complex in San Diego, for $65 mil. The property also contains 18.8k sf of on-site retail, including dail...
|
• RPM Investments Buys 40-Unit Res Property near Downtown L.A.
7/10/17
Greenwich West Apartments, a 40-unit apartment building in Downtown Los Angeles’ Westlake District, traded for $5.3 mil, or $134k/unit. The buyer was RPM Investments.
Greenwich West Apartments contains 33 studio apartments, ...
|
• Investor Spends $32.5 Mil on 236 Res Units in Modesto
7/10/17
A SoCal investor has paid $32.57 mil for two multifamily communities totaling 236 units ($138k/unit) in Modesto. The acquisition consists of The Commons Apartment Homes, a 100-unit community on Standiford Ave, and Summerview ...
|
• Palm Desert Apartment Property Trades for $169k/Unit
7/07/17
Villa Del Sol, a 32-unit apartment property located in Palm Desert, sold for $5.4 mil, or $168.8k/unit. The property, located at 43095 Washington St, was acquired by a private investor.
Built in 1980 and renovated in 2012, t...
|
• Gelt Elevates Its CO Multifamily Portfolio with $107 Mil Acquisition of 580 Units
7/07/17
Los Angeles-based Gelt Inc has acquired a two-asset, 580-unit apartment portfolio for $107 mil ($184.5k/unit). Located in Lakewood, CO, a thriving suburban market approximately eight miles west of downtown Denver, the adjacen...
|
• Trion Properties Wraps Up $9 Mil OR Apartment Buy
7/07/17
Trion Properties has acquired Bel Aire Court, a 67-unit apartment community in the Portland submarket of Beaverton, OR, for $9.2 mil ($137.3k/unit). This purchase brings the firm’s multifamily portfolio in the area to a total...
|
• AZ Multifamily Property Traded in $6.2 Mil Deal
7/06/17
Juniper Canyon, a 141-unit multifamily property in Tucson, AZ, sold for $6.23 mil ($44.2k/unit). Built in 1985, the property is located at 3055 North Flowing Wells Rd.
The property features one- and two-bedroom floor plans. ...
|
• Rockpoint Group / Strategic Housing Partners Venture Buys 500-Unit Torrance Res Portfolio
7/06/17
A 506-unit res portfolio in Torrance was purchased by an affiliate of Boston-based Rockpoint Group in a joint venture with Strategic Housing Partners, an affiliate of Coastline Real Estate Advisors. The deal price was not imm...
|
• Downtown LA Development Site Sells for $795/sf
7/06/17
A foreign investor paid $26.5 mil for a multifamily development site in downtown Los Angeles. The property is entitled for a 24-story, 241-unit condo project that includes retail. The site sold for $795 per square foot.
The...
|
• Prana Investments Pays $193k/Unit for Renovated Apartment Property in LA’s Koreatown Area
7/05/17
San Francisco-based Prana Investments recently closed on an LA multifamily buy, paying $8.7 mil for Kingsley Tower, a 45-unit ($193k/unit) apartment building in the city’s Koreatown area. The property, located at 530 S. Kings...
|
• Multifamily Property in the Hollywood Hills Sells for $447k/Unit
7/03/17
Woodland Hills-based Sussex Capital Group LLC has paid $13.4 mil for The Hillpointe, a 30-unit ($447k/unit) apartment property located in the Hollywood Hills neighborhood of Los Angeles. The property was sold by Beverly Hills...
|
• Brandywine Homes Breaks ground on Buena Park Multifamily Project
6/30/17
Brandywine Homes has broken ground on Corsica, a 1.66-acre community offering 17 two-story townhomes. The development, located at 8572 Stanton Ave in Buena Park, is scheduled to open for sale in the fall.
The 1.8k sf to 2.1k...
|
• $275 Mil Mixed-Use Development Gets Underway in Salt Lake City
6/29/17
SALT Development has started construction of Hardware District, a $275 mil mixed-use, four-building development featuring 466 luxury multifamily units and 260k sf of office space. It’s located on 400 West between North Temple...
|
• CBRE Arranges $85 Mil in Purchase Money for MG Properties’ 410-Unit Vista Res Buy
6/29/17
CBRE Capital Markets’ Debt & Structured Finance team has arranged a $84.9 mil loan on behalf of MG Properties, for the financing of Alexan Melrose, a Class A multifamily complex in Vista. MG just acquired the 410-unit asset f...
|
• Crown Acquisitions Buys OC Apartment Property with $29 Mil Loan
6/28/17
Crown Acquisitions Inc has obtained a $29 mil loan for the purchase of Fullerton University Village, a student housing community located in Fullerton. The borrower plans to renovate the property and create a more dynamic livi...
|
• Vista Investment Group Collects $23.7 Mil from Sales of Two Hollywood Res Properties
6/27/17
Vista Investment Group, LLC has sold two Hollywood apartment buildings in separate transactions totaling $23.7 mil. The properties, Avondale Hollywood and Sunset Formosa, contain a combined 94 units.
Avondale Hollywood, a 58...
|
Return to the Multifamily area
