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• Gelt Inc Purchases 472-Unit Multifamily Community in Albuquerque
6/27/17
Gelt Inc has acquired Mountain Run Apartments, a 472-unit community in Albuquerque. The seller was Chartwell Capital Partners.
Built in 1985, the community offers a tranquil, park-like setting on nearly 16 acres of land and ...
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• Work Completed on Mixed-Use Development Near Downtown LA
6/26/17
Construction has been completed on The Bend, a three-story, 40k sf mixed-use creative campus that consists of 40 live-work units arranged around a landscaped central courtyard, The project, designed by KFA and developed by Te...
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• Phoenix Multifamily Property Refinanced with $28.5 Mil Loan
6/26/17
P.B. Bell Companies has refinanced Siena on Baseline, a 352-unit multifamily property in Phoenix, with a $28.5 mil loan arranged by Meridian Capital Group.
Siena on Baseline, located at 4520 East Baseline Rd, is a two-story,...
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• Developer Buys LA Koreatown Property
6/23/17
CGI – Strategies in Real Estate has paid $10.5 mil for a 38.5k sf development site in Los Angeles’ Koreatown District. The property is located at 834 Mariposa Ave near 8th St and James M. Wood Blvd.
The buyer acquired the si...
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• Ares Management L.P. and TruAmerica Multifamily Pick Up 240-Unit AZ Res Property
6/23/17
Broadstone Gateway, a 240-unit family community in the Phoenix metro area, was purchased by Funds managed by Ares Management L.P. and TruAmerica Multifamily in a recent $30.75 mil transaction. Broadstone Gateway is located at...
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• Fowler Property Acquisitions Spends $40 Mil on AZ Res Asset
6/23/17
San Francisco-based Fowler Property Acquisitions LLC recently closed on a notable AZ multifamily buy, paying $40.5 mil for Ocotillo Springs, a 272-unit ($149k/unit) community in Chandler. The property, located at 825 West Que...
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• Canyon Partners Real Estate Provides $21.6 Mil in Construction Money for Silver Lake Res Project
6/22/17
Canyon Partners Real Estate LLC has provided a $21.6 mil senior construction loan to finance the development of a 35-unit luxury condominium project located along Sunset Blvd in the Silver Lake neighborhood of Los Angeles. T...
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• San Diego Apartment Property Fetches $227k/Unit
6/21/17
A private investor paid $10.43 mil for a 33k sf, 44-unit ($226.9k/unit) apartment property in San Diego. The property, located at 4720-4732 Hawley Blvd, was sold by San Diego-based Perform Investments LLC.
The property featu...
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• MG Properties Group Completes $134 Mil Res Buy in Vista
6/21/17
Alexan Melrose, a 410-unit, Class A apartment community in the northern San Diego suburb of Vista, was purchased for $134 mil ($327k/unit) free and clear of existing debt by MG Properties Group. The asset was sold by Trammell...
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• Raintree Partners Underway with CA Mixed-Use Projects Valued at Over $500 Mil
6/20/17
OC-based Raintree Partners is currently under construction on three mixed-use projects in California totaling more than $500 mil in value. The projects include: a 465-unit apartment and co-working property in Sunnyvale; a 109...
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• Construction Tops Out on Mixed-Use Project in San Diego’s East Village
6/20/17
Construction on Shift, a 631k sf mixed-use community in downtown San Diego’s East Village neighborhood, has topped out. The project, being built by Swinerton, includes a 21-story post-tensioned concrete tower and two five-sto...
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• Greystone Provides $68 Mil Refi on Dallas Res Community
6/19/17
Greystone has provided a $68.1 mil CMBS refi loan for Vineyards at Forest Edge, a 1,218-unit multifamily property in Dallas. The Vineyards at Forest Edge features 11 swimming pools, four hot tubs, four playgrounds, two outdoo...
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• Avanath Capital Management Spends $56.5 Mil on Sacramento Res Portofolio
6/19/17
Avanath Capital Management LLC has acquired an affordable housing portfolio of three apartment communities totaling 468 units in Sacramento for $56.5 mil ($121k/unit). The acquisition nearly doubles Avanath’s footprint in the...
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• Vegas Multifamily Property Goes for $16.6 Mil
6/16/17
Flamingo Chateau, a 136-unit res property in Las Vegas, has sold for $16.6 mil ($122k/unit). The property is located at 6570 W. Flamingo Rd, west of I-15 and Las Vegas Blvd.
Flamingo Chateau was built in 1992. The property o...
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• Trumark Communities Acquires Master-Planned Res Community in Chino
6/15/17
Trumark Communities has acquired Rancho Miramonte, an 823-lot master-planned community in Chino, through a public foreclosure auction. Featuring eleven different neighborhoods, Rancho Miramonte is a master-planned community t...
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• 214-Acre Master-Planned Project Receives Unanimous Approval from the City of Covington, WA
6/15/17
Oakpointe Communities and Presidio Residential Capital have received unanimous approval from the City of Covington to develop LakePointe Urban Village, a 214-acre master-planned mixed-use community at Hwy 18 and Southeast 256...
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• Historic Office Building in Downtown Long Beach Acquired for Possible Residential Conversion
6/14/17
In a recent adaptive re-use deal out of Long Beach, the Security Pacific National Bank Building, an historic office high-rise in the city’s downtown, was acquired by an unnamed investor for possible conversion to residential ...
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• Sares Regis Group Begins Work on Three Long Beach Apartment Projects
6/13/17
OC-based SARES REGIS Group (SRG) has begun construction on three apartment communities, totaling 348 units, in downtown Long Beach. The Alamitos, with 136 units, and The Linden, with 49 units, have started construction and a...
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• Fenix Development Starts Work on 1.9 msf AZ Mixed-Use Campus
6/12/17
Fenix Development, out of Los Angeles, has broken ground on Phase I of The Watermark | Tempe at the north bank of Tempe Town Lake in Tempe, AZ. Phase I of the 1.9 msf mixed-use development will include 250k sf of Class A offi...
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• Hollywood Apartment Building trades Between Private Investors for $12.3 Mil
6/12/17
Hollywood Orchid, a 72-unit res property in Los Angeles, sold for $12.3 mil ($171k/unit), at $50k over the asking price. The property is located at 1772-1782 Orchid Ave, just west of Highland Ave at Franklin Ave.
Built in 19...
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