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• Meta Housing Corp Completes Work on Glendale Affordable Housing Project
6/09/17
Meta Housing Corporation has completed ACE/121, a 70-unit affordable apartment community for artists and their families in Glendale. The new apartment community integrates a variety of art amenities and was developed in part...
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• Decron Properties and Sequoia Trade Multifamily Assets in $193 Mil Transaction
6/08/17
In an unusual institutional-quality multifamily investment deal, Decron Properties has traded a 264-unit property in Sacramento and cash to Sequoia in a direct exchange for a two-property 504-unit apartment portfolio in Simi ...
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• Strategic Legacy Investment Group Starts Work on Hollywood Res Project
6/08/17
LA-based Strategic Legacy Investment Group Inc (SLIG) has commenced demolition of an existing property in Hollywood for the future construction of the Barton Estates @ Central Park. The project is located at 5447 and 5455 Bar...
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• NAI Capital Sees Continued Strength for LA Multifamily Market in Foreseeable Future
6/07/17
Demand for multifamily housing in Los Angeles held tight in the first quarter of 2017 – amid a surge of newly completed supply added to the market. According to NAI Capital’s just-released Multifamily Market Outlook, the vaca...
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• Res Property in Long Beach’s Bixby Knolls Trades for $200k/Unit
6/07/17
Forty-Ninth Street Apartments, a 12-unit apartment property located adjacent to the affluent Bixby Knolls neighborhood in Long Beach, recently traded hands in a deal valued at $2.4 mil, or $200k/unit. The transaction closed a...
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• LA Arts District Mixed-Use Project to Move Forward with $100 Mil in Construction Money
6/07/17
Greystar has obtained $99.9 mil in financing for the development of Arts District AMP Lofts, a luxury mixed-use residential and retail property in Los Angeles’ Arts District. The 48-month construction loan was arranged by HFF...
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• Holland Partners Buys LA South Bay Res Development Site
6/06/17
Holland Partners has acquired a 2.45-acre multifamily development site in San Pedro for $24.5 mil. The property is located at 550 S. Palos Verdes and 140-160 6th St, south of Ocean Blvd and adjacent to Terminal Island.
The ...
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• Newly Completed OR Res Community Refinanced with $43.5 Mil Fannie Mae Loan
6/05/17
Walker & Dunlop recently arranged a $43.5 mil Fannie Mae refi loan for The Tennyson at Crescent Village, a newly constructed, Class A, townhouse- and loft-style property in Eugene, OR. Completed in early 2017, the 263-unit pr...
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• Steadfast Apartment REIT III Closes $44 Mil TX Res Buy
6/05/17
Steadfast Apartment REIT III Inc (STAR III) has acquired The Pointe at Vista Ridge, a 300-apartment-home community located in the Northern Dallas submarket of Lewisville, for $44 mil ($147k/unit). The property, formerly known...
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• Private Investor Buys 70-Unit OC Apartment Asset
6/02/17
In a recent OC multifamily sale comp, a local private investor paid $13.8 mil for The Regent, a 70-unit property located at 1111 West Santa Ana Blvd, north of 1st St and west of I-5 in Santa Ana.
The asset was sold by an in...
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• Pathfinder Partners Buys 160-Unit, Seattle-Area Res Asset
6/02/17
Pathfinder Partners has purchased The Argyle, a 160-unit, Seattle-area multifamily community, for $25 mil, or $156.3k/unit. Built in 1984, the property is located at 2517 S. 316th Lane in Federal Way.
The Argyle is situated ...
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• Vista Multifamily Property Purchased for $8.9 Mil
6/02/17
Vista Hills Apartments, a 42-unit multifamily property in Vista, has sold for $8.9 mil ($212k/unit). The property, located at 128 Hill Dr, west of Melrose Dr and just north of Hwy 78, was purchased by Eric Kramer, a private i...
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• AZ Res Community Refinanced with $91 Mil Fannie Mae Loan
6/01/17
CBRE Capital Markets’ Debt & Structured Finance has arranged a $90.8 mil Fannie Mae refi loan on San Sonoma, a 590-unit, Class A+ apartment community in Tempe, AZ. The borrower is a venture formed by Mark-Taylor Inc and Kitch...
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• El Cajon Res Complex Goes for Over $200k/Unit
5/31/17
Tribecca on Mollison, a 68-unit condo-quality multifamily complex in El Cajon, traded for $14.1 mil, or $207.3k/unit. The 57k sf property, situated on 2.84 acres at 520 S. Mollison Ave, south of I-8 and east of Hwy 124, was p...
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• Work Started on Luxury Res Development Adjacent to the Four Seasons Hotel on LA’s Westside
5/31/17
Construction has begun on Four Seasons Private Residences Los Angeles, an upscale res development located at 9000 W. Third St in Los Angeles, just outside Beverly Hills. The project, a development of Genton Property Group, ha...
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• Universe Holdings Picks Up 45-Unit Res Asset in LA’s Los Feliz Neighborhood
5/29/17
Universe Holdings recently paid $12.6 mil for Villa Edgemont, a 45-unit apartment community in Los Feliz, a central Los Angeles neighborhood situated between Hollywood and Silverlake. With this deal, Universe now owns and ope...
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• National City Apartment Property Trades for $161k/Unit
5/26/17
A 29-unit multifamily complex in the San Diego neighborhood of National City sold for $4.675 mil, or $161.2k/unit. The property is situated on 1.18 acres at 900 Manchester St, east of I-805 and north of Hwy 54.
The property ...
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• Dynamic Development Lands $25 Mil in Construction Money for Santa Maria Res Project
5/25/17
Dynamic Development Company has landed a $25.3 mil loan to start ground-up construction of the Refugio Townhome Apartments, a 125-unit residential project in Santa Maria. The loan was provided by Canyon Partners Real Estate L...
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• West Hollywood Apartment Property Receives 27 Offers
5/25/17
In a recent multifamily sales comp from West Hollywood, a 10-unit property from the 1950s sold for $2.55 mil, or $255k/unit. The property, located at 8261 Fountain Ave, east of La Cienega Blvd and south of Sunset Blvd, traded...
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• Square Mile Capital Management Arranges $66.5 Mil in Construction Money for San Francisco Development
5/24/17
Square Mile Capital Management LLC has originated a $66.5 mil in construction money to finance the development of a multifamily / retail project in San Francisco. The project is a development of Rescore REIT, a private REIT s...
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