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• Brookline Investment Group Closes 200-Unit OR Res Buy
11/08/16
Brookline Investment Group purchased Sunfield Lakes, a 200-unit, garden-style apartment community in the southwest Portland, OR suburb of Sherwood. The asset was sold free and clear of existing debt by Berkshire Group.
Sunf...
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• TruAmerica and Investcorp Team up in $92 Mil Inland Empire Res Buy
11/07/16
TruAmerica Multifamily in joint venture with institutional capital partner Investcorp has acquired The Highlands, a 556-unit, garden-style apartment community in the Inland Empire community of Grand Terrace. The asset traded ...
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• UNCOMMON Development Breaks Ground in the San Fernando Valley
11/04/16
A unique, 24-acre residential, office and retail campus in the west San Fernando Valley has just broken ground. The project, “24”, is a live/work/play campus concept that is hoped to transform an under-served area of Chatswor...
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• La Mesa Res Community Traded in $17 Mil Transaction
11/04/16
The Quarry Apartment Homes, a 60-unit, luxury res property in La Mesa, sold for $17 mil ($283k/unit). The property is at 4330 Palm Ave, west of Hwy 125 and north of Hwy 94.
The apartment community is made up of three, three-...
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• Encinitas Res Development Site Sells for $2.75 Mil
11/04/16
A 1.67-acre residential land parcel in Encinitas traded hands in a $2.75 mil deal. The property, located at 858 Hymettus Ave, just two blocks east of Coast Highway, offers panoramic ocean views.
Ciara Trujillo of Colliers ...
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• Carlsbad Mixed-Use Community Refinanced with $26.7 Mil Loan
11/04/16
CBRE Capital Markets’ Debt & Structured Finance team has secured $26.7 mil in refi money on BluWater Crossing, a live-work, mixed-use, Class A multifamily community in north San Diego County.
BluWater Crossing is located in ...
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• Advanced Real Estate Services Completes $74 Mil Res Portfolio Refi
11/03/16
Advanced Real Estate Services Inc has refinanced a 479-unit multifamily portfolio with a new loan for $74 mil. The portfolio consists of five properties (Cantabria, Four Seasons, Lanter Bay, Solara and the Pines at Montclair)...
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• Bay Area Multifamily Property Traded in $14.3 Mil Deal
11/02/16
A San Francisco-based private investment group purchased Solaris Apartments, a 68-unit multifamily community in Hayward, for $14.29 mil, or $209.8k/unit. The property is located at 24661 Amador St, south of Winton St, between...
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• 65-Unit Res Asset in Hollywood Picked Up by Ness Holdings
11/01/16
Ness Holdings has acquired a 65-unit multifamily complex in Hollywood for $14.225 mil, or about $219k per unit. The property was sold in an off-market transaction by a local joint venture operating as De Longpre Investors LLC...
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• Gelt Inc Wraps Up $40 Mil, Portland-Area Res Buy
11/01/16
Gelt Inc has acquired Powell Valley Apartment Homes, a 228-unit residential community in Gresham, OR, for $39.5 mil, or $173.2k/unit. The property, located at 1500 SW Pleasant View Dr, about 15 miles east of downtown Portland...
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• The Bascom Group and Oaktree Capital Management Close 196-Unit AZ Res Buy
10/31/16
The Bascom Group LLC and Oaktree Capital Management have teamed up in another significant west coast residential buy. In ths latest deal, a $250 mil venture between Bascom and funds managed by Oaktree has acquired Springs at ...
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• San Diego Apartment Comp Goes for $254k/Unit
10/31/16
A San Diego-based private investor paid $2.8 mil for an 11-unit ($254k/unit) residential property in San Diego. The property is located at 3087 A St, in the city’s Golden Hill submarket.
The unit mix consists of three two-be...
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• MBK Rental Living Buys 144-Unit Asset in Paso Robles
10/28/16
The Buena Vista Apartments, a 144-unit multifamily complex in Paso Robles, sold for $5.8 mil in a recent acquisition by MBK Rental Living LLC The property, located at 708-1002 Experimental Station Rd, sits on roughly 12.5 acr...
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• Portland Res Comp Goes for $228k/Unit
10/27/16
Calico Townhomes, an 18-unit res property in in Portland’s Mill Park neighborhood, was sold for $4.1 mil, or $228k/unit. The property is located at 531 128th Avenue SE, east of I-205 and south of I-84.
Originally constructed...
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• Pasadena Mixed-Use Asset Fetches Over $400/sf
10/27/16
Shops on Hill, a 32.7k sf mixed-use property in Pasadena, traded hands in a recent $13.4 mil ($410/sf) investment deal. The property, located at 1383 Washington Blvd, east of Lake Ave and north of the 210 Fwy, features two bu...
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• JRK Property Holdings Buys 225-Unit WA Apartment Property
10/26/16
JRK Property Holdings (JRK) has purchased Trillium Heights, a 225-unit apartment home community in Silverdale, WA. The asset was sold by a joint venture of Pinnacle and AEW Capital Management.
Located at 12240 Daphne Rd, Tr...
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• Intercontinental and MG Properties Refinance 390-Unit OR Res Property
10/26/16
CBRE Capital Markets’ Debt & Structured Finance team secured $50.9 mil of debt financing for a 390-unit multifamily community in the Portland, OR suburb of Happy Valley. The borrower is a partnership between Intercontinental ...
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• CBRE Arranges $145 Mil on Two Res Communities in San Diego’s UTC Submarket
10/25/16
The Premiere Residential has secured $145 mil in financing on two, Class A apartment communities located in the UTC submarket of San Diego. The transactions consisted of a $77.5 mil loan on La Jolla International Gardens (400...
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• Luxury Res Community in Las Vegas Sells for $53.6 Mil
10/25/16
Toronto-based Starlight Investments Ltd recently closed on a Las Vegas multifamily investment, paying $53.6 mil for South Blvd, a 320-unit ($167.5k/unit) property in the city’s South Las Vegas submarket. The luxury asset was ...
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• Colorado Apartment Property Goes for $60k/Unit
10/24/16
Vistas at the Citadel, a 209-unit community in Colorado Springs, CO, was purchased by a California-based private investor for $12.65 mil ($60.5k/unit). The acquisition was the upleg of a 1031 exchange.
Located at 3955 Easy B...
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