|
• Phoenix Development Site Sells for $4.6 Mil
11/25/16
A 6.48-acre development site in Phoenix sold for $4.575 mil. Prior to the sale, the buyer obtained approval from the City of Phoenix to develop a 240-unit apartment complex.
The property is located at 4633 East Van Buren. Th...
|
• Trumark Homes Working on Four SoCal Res Communities
11/22/16
Trumark Homes is underway with four new SoCal residential communities totaling 363 homes, all in various stages of development. The projects are located in Costa Mesa, Santa Ana and Chino Hills.
One of the projects, Upcoast...
|
• Houston Res Portfolio Refinanced with $92 Mil Loan
11/22/16
Willowick Venture Ltd has secured $92 mil in refinancing on Willowick Park, a 552-unit luxury apartment community in Houston, TX. The properties included in the transaction are:
• Aria at Willowick Park – 325 units.
• ...
|
• First Phase of Renovations Finished at Marina Del Rey Res Complex
11/21/16
Legacy Partners has completed Phase I at Wayfarer Apartments + Marina, previously known as Mariners Bay. The 30-month renovation project, which commenced in January 2016, entails $65 mil in renovations to the 379-unit apartme...
|
• Investors Spend $38 Mil on LA Multifamily Properties
11/21/16
Here are two recent LA-area multifamily sale comps that total roughly $38 mil. One of the transactions, which closed at the end of September, was for the sale of Fairfax WeHo, a 0.79-acre multi-housing development site at 125...
|
• Legacy Partners Nabs Development Property in Redmond, WA
11/17/16
Legacy Partners has purchased a 3.8-acre site in downtown Redmond, WA that they plan to redevelop. Legacy is partnering with a Beijing-based public company (traded on the Hong Kong stock exchange) known for their specializati...
|
• Universe Holdings and Hanover Financial Pay $24 Mil for 68 Res Units in Hollywood
11/17/16
Universe Holdings and Hanover Financial have teamed up in the acquisition of two multifamily properties totaling 68 units in Hollywood for $24.1 mil ($354.4k/unit). The joint venture partners have dedicated an additional $2 ...
|
• CalAtlantic Homes Buys 170-Acre Master-Planned Dev Site in Del Sur
11/16/16
A 170-acre master-planned community development site in Del Sur sold for $24.5 mil. The property is located at Carmel Valley Rd and Dove Canyon Rd.
Heritage Bluffs is comprised of 171 single-family home lots as a part of the...
|
• Residential Re-Use Project in LA’s Koreatown District Opens 50% Preleased
11/16/16
Jamison has opened The Abbey, a 110-unit apartment complex at 3550 West Sixth St in Los Angeles’ Koreatown district.
The Abbey, the adaptive reuse of a six-story 1927 office and parking building, features a mix of studio, on...
|
• Holland Partner Group and Invesco Real Estate Purchase 566-Unit Res Property in Beaverton, OR
11/16/16
LaSalle Apartments, a garden-style, midrise luxury apartment community in Beaverton, OR, was acquired by a joint venture between Holland Partner Group and Invesco Real Estate. The 566-unit asset was sold by Waterton. The pri...
|
• Multifamily Property from 1920s in LA’s Koreatown Fetches $166k/Unit
11/15/16
Alexandria Tower Apartments, a six-story, 60-unit apartment building located in Los Angeles’ Koreatown neighborhood, traded hands in a recent $9.95 mil deal. The transaction closed at a 4.1% cap rate, $165.8k/unit and $257/sf...
|
• Los Angeles Apartment Portfolio Refinanced with $33 Mil in Cash-Out Money
11/15/16
George Smith Partners has arranged $33 mil in cash-out refinancing for a nine-property portfolio of rent-stabilized apartment buildings in the West Hollywood and Koreatown neighborhoods of Los Angeles on behalf of a local own...
|
• Two LA Multifamily Sales Total Up to $20 Mil
11/14/16
We’ve got two Los Angeles multifamily sales to report. The deals total almost $20 mil and were both brokered, in part, by Brent Sprenkle of Berkadia.
In the larger transaction, Westlake Olympic Hotel & Residences, a 172-unit...
|
• Private Investor Buys 80-Unit Res Property in San Bernardino
11/14/16
An 80-unit apartment property in the Inland Empire city of San Bernardino was purchased for $10.25 mil ($128k/unit) by a private investor in an off-market transaction. The property, Hillside Apartments, is located Apartments...
|
• Chelsea Adds 56 Upscale Res Rental Units to Santa Monica
11/14/16
Chelsea, a new upscale residential/retail development in the heart of downtown Santa Monica, was just completed. Showcasing contemporary design with luxe finishes, Chelsea includes 56 res units set above ground floor retail. ...
|
• Oak Coast Properties Spends $129 Mil on 959-Unit Res Asset in Denver
11/11/16
In a major multifamily acquisition out of Denver, Oak Coast Properties purchased Pembrooke on the Green Apartments, a 959-unit community located in the southeast quadrant of the city, which is experiencing record population g...
|
• Inglewood Apartment Property Trades in Investment Buy
11/11/16
An 18-unit, two-building apartment property in Inglewood sold for $4.48 mil ($249k/unit) in a recent off-market transaction. Inglewood has been seeing a notable uptick in investment deals with the ongoing development of the n...
|
• Alliance Residential Acquires Dev Site in Portland’s Pearl District
11/10/16
Alliance Residential Company is moving forward with an upscale res project in Portland’s sought-after Pearl District. The firm paid $5.8 mil for a 30k sf development site and has already broken ground on a new 147-unit, six-s...
|
• The Bascom Group Picks Up 32-Unit Asset in Vista
11/10/16
The Bascom Group LLC acquired Hillside Terrace, a 32-unit apartment community in Vista, CA, for $6.2 mil, or about $194k/unit. The property, located at 322 Hillside Terrace, north of Hwy 78 and east of Santa Fe Ave, was purch...
|
• Mountain View Affordable Housing Project Breaks Ground
11/09/16
ROEM Development Corporation has broken ground on Evelyn Family Apartments, a 116-unit, affordable multifamily community in Mountain View. The development covers 1.93 acres on the southwest corner at the intersection of East...
|
Return to the Multifamily area
