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• AZ Res Property Traded for $11k/Unit
10/18/17
Tempe Vista, a 186-unit apartment communityin Tempe, AZ, was purchased by Denver-based Capital Real Estate LLC for $20.5 mil ($110.2k/unit). The property, located at 2045 E. Broadway Rd, was sold by Phoenix-based 2045 Broadwa...
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• Santa Rosa Manufactured Home Community Refinanced with $13.7 Mil Freddie Mac Loan
10/17/17
An OC-based private investor has obtained $13.7 mil in permanent refinancing for Mountain View Mobile Estates, a 109-site manufactured home community in Santa Rosa. The property is located at 2860 Santa Rosa Ave, just east of...
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• NoCal Multifamily Asset Sells for Over $42 Mil
10/17/17
Security Properties Inc /New York Life Real Estate Investors has purchased The Henley Apartment Homes, a 240-unit, garden style apartment community located in the NoCal community of Suisun City, roughly midway between San Fra...
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• Strategic Legacy Investment Group Starts Work on 32-Unit Res Project in Hollywood
10/16/17
Los Angeles-based Strategic Legacy Investment Group Inc (SLIG), has commenced demolition of the existing properties at a Hollywood site for the construction of a new multifamily development called The Dream @ Tamarind South. ...
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• West LA Multifamily Refinancing Reaches The Heights in $116 Mil Deal
10/16/17
RW Selby & Co has secured a $116 mil refi loan on The Heights Luxury Apartments, a 582-unit, Class A multifamily property in West Los Angeles. The Fannie Mae Green Rewards loan was arranged by Walker & Dunlop Inc.
The Height...
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• $64 Mil Affordable Housing Project Breaks Ground in Emeryville
10/13/17
EAH Housing and the City of Emeryville have broken ground on Estrella Vista, a new, 86-unit transit-oriented mixed-use residential development at 3706 San Pablo Ave in the downtown area of Emeryville, in the East Bay. The $64...
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• Westview Group Buys 175-Unit Multifamily Property in Palms Springs for $20.5 Mil
10/12/17
Westview Group has purchased a 175-unit apartment property in Palm Springs for $20.5 mil ($117k/unit). Built in 1979, the property is located at 311 South Sunrise Way, south of Tahquitz Canyon Way between Palm Canyon Dr and ...
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• Logan Capital Advisors Buys Over 200 Apartment Units in the Inland Empire
10/12/17
Logan Capital Advisors spent $33 mil on a two-property, 214-unit ($154.2k/unit) apartment portfolio in the Inland Empire. The properties, Reche Ridge and 1333 Canyon, are located at 2270 Cahuilla St and 1333 Reche Canyon in t...
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• High-End Denver Res Tower Fetches $649k per Unit
10/11/17
Steele Creek, a Denver multifamily property with 218 units, traded hands in a recent deal valued at $141.5 mil, or $649k per unit. The 12-story, ultra-luxury apartment community is located at 3222 East 1st Ave, in the city’s ...
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• Sacramento Res Property Lands New Ownership after $35 Mil Sale
10/11/17
Sequoia Equities LLC closed on a newsworthy NoCal multifamily buy, paying $35 mil for Wolf Ranch, a 17-building, 160-unit ($219k/unit), Class A apartment community in Sacramento. The asset, located at 7200 Jacinto Ave, was so...
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• Tacoma Assisted Living Facility Refinanced with $9.3 Mil FHA Loan
10/11/17
Berkeley Point Capital recently completed a $9.3 mil refinance for Spring Ridge Assisted Living & Memory Care, a 63-unit housing complex in Tacoma, WA. The financing was funded through HUD’s FHA 232/223(f) program.
Spring Ri...
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• Santa Monica Apartment Property Trades for $417k/Unit
10/11/17
A six-unit apartment property in a prime neighborhood next to Clover Park in Santa Monica has sold for $2.5 mil, or $417k/unit. The deal had a closing cap rate of 3.6%.
Built in 1948, the property islocated at 2450 Oak St, o...
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• Lowe Starts Work on WA Res Project
10/10/17
Lowe has begun construction of The Talisman, a 286-unit, multifamily property at the 1.2 msf Redmond Town Center mixed-use development in Redmond, WA. The six-story Talisman will anchor the lifestyle center, blending resident...
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• Pasadena Apartment Building Sells for $262k/Unit
10/10/17
A Los Angeles-based private investor paid $4.2 mil for Churchill Apartments, a 16-unit ($262.5k/unit) multifamily property in Pasadena. Built in 1965, the property is located at 450 South Los Robles Ave.
The property include...
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• Inland Empire Multifamily Asset Trades in $35 Mil Deal
10/09/17
Metro 102 Apartments, a 160-unit, garden-style property in Ontario, traded hands in a recent $35 mil deal that valued the asset at about $219k per unit. The property was sold by LA-based TruAmerica Multifamily to a California...
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• Multifamily Property in the East Bay Trades for Over $13 Mil
10/06/17
Aloha Apartments, a 47.3k sf, 70-unit multifamily property in the East Bay city of Hayward, sold for $13.175 mil, or $188k/unit. The property is located at 250 W. Jackson St, near the I-880 and I-580 freeways.
Aloha Apartmen...
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• New 230-Unit Res Unit Started in Popular Marina Arts District in LA’s Westside
10/06/17
California Landmark Group (CLG) has started construction on “G8”, a 230-unit apartment development in the Marina Arts District adjacent to Marina del Rey, CA. G8 will be one of the largest multifamily developments to be buil...
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• Two Multifamily Sales in Long Beach Total Over $17 Mil for 97 Units
10/06/17
Two multifamily portfolios in Long Beach sold in separate transactions totaling $17.4 mil. The first portfolio comprises 45 units and is located on East Wardlow Road. The second portfolio comprises 52 units along Chestnut Av...
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• Interstate Equities Corporation Buys 133-Unit Res Asset in San Diego’s La Mesa Submarket
10/04/17
Institutional fund manager Interstate Equities Corporation (IEC) recently closed on the $33.95 mil purchase of Verse La Mesa, a 133-unit ($255k/unit), value-add multifamily asset in the La Mesa submarket of San Diego. This ac...
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• New Pasadena Res Project Designed to Complement Its Historic Neighborhood
10/03/17
Construction is underway on The Theo, a new 105-unit multifamily building in Pasadena. The project, located at 289 N. El Molino Ave, is being developed by Summerhill Apartment Communities.
The Theo was designed by KTGY Archi...
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