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• Baron Properties Pays $19.6 Mil for Phoenix Res Property
11/06/17
In a recent AZ multifamily buy, Baron Properties purchased Capella Place, a 150-unit apartment property in Phoenix, for $19.6 mil ($130.5k/unit). Built in two phases in 1971 and 1985, Capella Place is located at 1212 Bethany...
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• Capital One Arranges $43 Mil Refi on OC Apartment Community
11/03/17
Capital One has arranged a $43.5 mil, Fannie Mae fixed-rate loan to refinance Amberway Apartments, a 272-unit, garden-style community in Anaheim. Constructed in 1983, Amberway Apartments is located at 489 South Chatham Circle...
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• Sacramento Multifamily Asset Traded in $34 Mil Transaction
11/01/17
Waterford Cove, a 188-unit, garden-style apartment community in Sacramento, was purchased by Bridge Partners in a recent $33.8 mil ($180k/unit) transaction. The buyer assumed an existing low-leverage loan and added a supplem...
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• Investor Buys 40 Res Units in Anaheim
10/31/17
The Palms Apartments, a 40-unit multifamily property in Anaheim, was purchased by a local investor for $7.6 mil ($190k/unit). The buyer plans to continue the existing renovation plan to add more value to the property.
The pr...
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• Oxnard Senior Living Facility Using New Financing for Renovation Work
10/31/17
Global Premier Development (GPD) has obtained a $12.5 mil loan secured by a 59.7k sf senior living facility in Oxnard. The building is sited on 2.36 acres of land and consists of 102 units with 128 beds.
Originally built in ...
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• Long Beach Res Asset Trades for $323k/Unit
10/30/17
Livingston Oasis Apartments, a 26-unit apartment property in the Belmont Shore submarket of Long Beach, sold for $8.4 mil, or $323k/unit. The buyer was Waterford Residential.
Built in 1943, the garden-style, four building, t...
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• SC Development Refis OC Res Community
10/30/17
SC Development has obtained a $9.5 mil Freddie Mac fixed-rate loan to refinance Midway Meadows, a 92-unit apartment community in OC’s Midway City.
SC Development developed Midway Meadows in 1987 under a 30-year ground lease...
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• Bascom Arizona Ventures Spends $148 Mil on Over 700 Units in Scottsdale
10/30/17
Bascom Arizona Ventures has acquired two AZ luxury apartment communities totaling 724 units for $148 mil, or $204.4k per unit. Located in the highly desirable Kierland master-planned community of North Scottsdale, the proper...
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• JB Matteson Inc Completes Bay Area Res buy
10/27/17
JB Matteson Inc purchased Tralee Village Apartments, a 130-unit luxury apartment community in the Bay Area city of Dublin. Although the price was not disclosed, industry sources estimate a value of around $55 mil ($423k/unit)...
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• Phoenix Res Asset Picked Up for $55k/Unit
10/26/17
Courtyard at Encanto, a 160-unit multifamily property in Phoenix, sold for $8.8 mil, or $55k/unit. The property is located at 2322 West Thomas Rd.
The garden-style apartment community consists of studio and one-bedroom floor...
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• Lion Real Estate Buys Over 200 Res Units in the San Fernando Valley
10/25/17
Lion Real Estate Group purchased a 207-unit, three-property apartment portfolio in the San Fernando Valley for $41.6 mil, or $201k/unit. The transaction was sold off-market by a Los Angeles-based private investor who develope...
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• Multifamily Property at the Foot of Vail Ski Resort Lands New $21.8 Mil Fannie Mae Loan
10/25/17
Gorman & Company Inc has refinanced Lion’s Ridge Apartment Homes, a 114-unit multifamily property at the foot of Vail Ski Resort in Vail, CO. The $21.75 mil Fannie Mae loan was structured by Walker & Dunlop Inc.
Lion’s Ridge...
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• New Silicon Valley Res Project is Finished
10/25/17
Sares Regis Group of Northern California (SRGNC) has completed development of 6tenEAST, a new luxury apartment community in Sunnyvale. The four-story, 205-residence community, featuring a wide variety of well-designed floor p...
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• San Gabriel Valley Apartment Portfolio Sold in Deals Totaling Over $50 Mil
10/24/17
A 15-property apartment portfolio in the western San Gabriel Valley sold for a total price of $51.7 mil. The portfolio, which consists of 169 units in 15 properties, was sold to a number of different investors.
The portfolio...
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• San Luis Obispo Res Property Refinanced with $110 Mil Fannie Mae Loan
10/24/17
The Reliant Group has arranged $110 mil in refinancing for the refinance of Mustang Village Apartments, a 39-building, 506-unit student housing community located in San Luis Obispo. The property, situated across the street f...
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• Hollywood Res Project Breaks Ground
10/23/17
Essex Property Trust has broken ground on Essex Hollywood, a $54 mil mixed-use, urban infill development located at 6240 Sunset Blvd in Los Angeles. The new 352k sf, seven-story project is being built by McCormick Constructio...
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• Community Preservation Partners Completes Rehabilitation of Portland Affordable Housing Community
10/20/17
Community Preservation Partners (CPP) has completed the rehabilitation of Plaza Townhomes, a 68-unit affordable housing community in Portland, OR. The 12-month rehabilitation cost more than $50k per unit – an investment about...
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• Commercial Real Estate Financing Briefs
10/19/17
BERKADIA - Berkadia secured a $62.5 mil loan to finance Amerige Pointe, a 292-unit multifamily property located in Fullerton. Located at 1001 Starbuck St, Amerige Pointe consists of studio, one-, two- and three-bedroom units....
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• Washington State Res Property Sells for $20 Mil
10/19/17
Meter Properties has acquired Arterra Townhomes, an 81-unit, garden-style apartment property in Kent, WA for $20 mil ($247k/unit), free and clear of any debt. The seller was a joint venture between PCCP LLC and Westbridge Pro...
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• SoCal Expected to See Triple-Digit Residential Rent Increases Over Next Two Years
10/18/17
The 2017 University of Southern California Casden Economics Forecast finds that rising employment combined with an ongoing lull in homeownership will again drive rent increases over the next two years throughout the region.
...
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