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• OR Res Community Traded in $18.8 Mil Transaction
10/03/17
In a recent OR multifamily sales comp, Virtu Investments paid $18.75 mil for Barclay Village, a 146-Unit ($128.4k/unit) apartment community in Oregon City. The asset was sold by Barclay Cascade Investors LLC.
Built in 1987, ...
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• Trion Properties Pays $26.5 Mil for 88 Res Units in Fremont
10/03/17
Trion Properties has acquired an 88-unit multifamily property in the Bay Area city of Fremont for $26.5 mil, or $301k/unit. This is the firm’s fifth Bay Area acquisition in less than two years, bringing its portfolio in the a...
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• Shipping-Container Homeless Housing is Coming to Los Angeles
10/02/17
KTGY Architecture + Planning has unveiled designs for Hope on Alvarado, a new building that will be the first of a series of housing developments in highly walkable communities, providing support services for individuals tran...
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• Bascom Arizona Ventures Spends $70 Mil on Over 800 Units in the State
9/27/17
Bascom Arizona Ventures has purchased a three-property, 812-unit portfolio of multifamily assets in Southern Arizona in a transaction valued at $70.2 mil. The properties are:
• Summit Vista, 288 units, Tucson
• Cres...
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• Multifamily Asset in Seattle’s First Hill Neighborhood Trades for $365k/Unit
9/27/17
Stella Apartments, a 20-unit community in the First Hill neighborhood of Seattle, WA, sold for $6.85 mil, or $342.5k/unit. Stella is ideally located less than one mile from Downtown Seattle and within blocks of the Pike-Pine ...
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• Multifamily community in Mesa, AZ Goes for $50k/Unit
9/26/17
Sonoran Palms, a 206-unit multifamily property in Mesa, AZ, traded hands for $10.3 mil, or $50k/unit. The property is located at 900 N. Country Club Dr.
Sonoran Palms consists of studio- and one-bedroom floorplans ranging fr...
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• Walker & Dunlop Closes $1.9 Bil Financing Deal
9/25/17
Walker & Dunlop, Inc has closed the largest financing in company history, a $1.9 bil portfolio of Freddie Mac loans to Greystar Growth and Income Fund LP in connection with its acquisition of Monogram Residential Trust.
The...
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• Robbins Electra Picks Up 344-Unit TX Res Asset
9/25/17
Robbins Electra purchased Pecan Springs, a 344-unit luxury multifamily property located in Northwest San Antonio, TX. The price was not disclosed.
The apartment complex is located near UTSA Blvd above the Interstate 10/Loop ...
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• West Los Angeles Apartment Property Refinanced with $29 Mil in Fannie Mae Money
9/25/17
Woodmere Ltd has obtained a $29.25 mil refi loan on The Woodmere, a luxury garden apartment property in West Los Angeles. The property is located at 3700 S. Sepulveda Blvd, north of Venice Blvd.
The Woodmere offers convenie...
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• Sycamore Properties Closes $57 Mil Sacramento Res Buy
9/22/17
Security Properties purchased Sycamore Terrace, a 244-unit property in Sacramento, for $57.4 mil ($235k/unit). Built in 2006, Sycamore Terrace is located at 40 Park City Ct, south of Florin Rd and just west of I-5.
The prop...
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• Avalon Group Locks in $105 Mil in Financing on Honolulu Res Development
9/21/17
Avalon Group has secured $105 mil in financing for 7000 Hawaii Kai Drive, a 270-unit, Class A multi-housing property the firm recently developed in the southeastern part of Honolulu, Hawaii, in the seaside community of Hawaii...
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• Beachside Multifamily Properties in Oceanside Trade for $346k/Unit
9/21/17
Two beachside multifamily properties totaling 13 units in Oceanside recently sold for more than $4.5 mil ($346k/unit) combined. Glenn L. Goldman Family Trust sold the properties, located at 1312 and 1318 S. Pacific St, to sep...
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• Universe Holdings Buys Art Deco Apartment Property in LA’s Westlake Neighborhood
9/21/17
Nob Hill Towers, an Art Deco-themed apartment building constructed in the early 20th century near downtown Los Angeles, was acquired by Universe Holdings in a recent $12.6 mil transaction. The 52-unit ($242k/unit) asset is l...
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• Inland Empire Res Buy Financed with $26 Mil in Equity and a Bridge Loan
9/20/17
Crystal Asset Management has obtained $26 mil in financing for the acquisition of Ridgeline Apartments, a 160-unit, Class B apartment complex in San Bernardino. The financing, which was arranged by Walker & Dunlop Inc, includ...
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• Apartment Property in Imperial Beach Goes for $6.7 Mil
9/20/17
A 38-unit apartment complex known as IB Villas in Imperial Beach traded hands in a recent $6.7 mil deal ($176.3k/unit). The 18.1k sf property, situated on just over one acre at 1479-1485 Elder Ave, was purchased by NEJ Proper...
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• Construction Topped Out on Res Development in San Francisco’s Jackson Square
9/18/17
Construction has topped out at 288 Pacific, a seven-story luxury condominium project located in the historic Jackson Square district of San Francisco. The project is being developed by Grosvenor Americas with Swinerton as the...
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• Monterey Multifamily Property Sells for $220k/Unit
9/18/17
The Bascom Group LLC has acquired Casanova Grove Apartments, a 76-unit infill apartment community located in the serene coastal NoCal city of Monterey, for $16.7 mil ($220k/unit).
Casanova Grove is located at 930 Casanova A...
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• KB Home Coastal Buys 5.8 Acres in Murrieta
9/15/17
KB Home Coastal, an entity of KB Home, has acquired a 5.78-acre residential land parcel located in Murrieta, for $5.525 mil. KB Home plans to develop 64-single family homes on the site.
The property is situated west of Inte...
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• Multifamily Property in LA’s Atwater Village Sells for Record Price
9/15/17
Atwater Avenue Apartments, a six-unit, turnkey property in the Los Angeles submarket of Atwater Village, has traded hands at a price of $2.13 mil. The transaction marked a record-breaking sale as the property achieved the hig...
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• Investor Exchanges into $8.2 Mil Inland Empire Multifamily Property
9/13/17
A 1031 exchange investor paid $8.2 mil for an Inland Empire multifamily asset. The 88-unit ($93.2k/unit) property, called Pine Gardens Apartments, is located at located at 1775 East 20th St, east of I-215 and south of the 210...
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