|
• Community Preservation Partners Completes Residential Rehabilitations in San Jose
8/24/17
A year after closing two affordable housing acquisitions in San Jose totaling around $87 mil, Irvine-based Community Preservation Partners (CPP) has completed extensive rehabilitations to both properties, the 144-unit Monte V...
|
• Two WA Financings Total $22 Mil
8/22/17
We’ve got two recent financings in the state of Washington to report. The transactions, both arranged by Newmark, total $22 mil.
In the larger deal, Newmark arranged $13 mil secured by the historic Port Gardner Office Buildi...
|
• OC Multifamily Remains Strong with a Vacancy Rate of Just 4.1%
8/22/17
The multifamily housing market in Orange County remained very strong in the second quarter of 2017, maintaining high occupancy while the average asking rent continued to rise. According to NAI Capital’s just-released Multifam...
|
• San Diego Investor Pays Over $29 Mil for 126-Unit Multifamily Property in the San Gabriel Valley
8/21/17
Azure Apartments, a 126-unit property in the San Gabriel Valley city of Rowland Heights, traded hands in a recent $29.25 mil ($232k/unit) transaction. The property, located at 1940 Fullerton Rd, was purchased by Stratford Par...
|
• Universe Holdings Acquires 53-Unit Res Property in LA’s Westlake District
8/21/17
Universe Holdings paid $12.6 mil for Nob Hill Towers, a 53-unit ($237.7k/unit) apartment community located in the Westlake district of Los Angeles. Built in 1929, the property is located at 2430 Ocean View Ave, in close proxi...
|
• Renovated Palo Alto Affordable Housing Project is Unveiled
8/18/17
Colorado Park Apartments, an affordable residential rental community developed by Palo Alto Housing (PAH), is celebrating a grand re-opening, after undergoing a major renovation program. Colorado Park Apartments is a seven-bu...
|
• Oakland Apartment Property Sells for $4.7 Mil
8/18/17
A four-building, 20-unit apartment community in Oakland’s Piedmont Avenue neighborhood sold for $4.675 mil, or $234k/unit. The property is located at 4114-4134 Howe Street.
The seller, Howe Street Properties LLC, had complet...
|
• Pathfinder Partners Pays $115k/Unit for Sacramento Apartment Complex
8/18/17
Savannah Court, a 195-unit Class B apartment community in Sacramento, was purchased by Pathfinder Partners for $22.425 mil ($115k/unit). Built in 1986, the property is located at 4301-4399 Norwood Ave.
Savannah Court consist...
|
• Douglas Emmett Secures $550 Mil Financing on Four LA Area Res Properties
8/17/17
Walker & Dunlop Inc recently closed a portfolio of four refinance loans totaling roughly $550 mil on behalf of Douglas Emmett Inc. The interest-only loans are backed by four Class A apartment properties located in Los Angeles...
|
• Pathfinder Partners LLC Closes $15 Mil Portland Res Buy
8/17/17
Pathfinder Partners LLC purchased The Habitat, an 85-unit community in the Portland, OR area, for $15 mil ($176.5k/unit). Built in 1978, the property is located at 5745 SW Oleson Rd, within the affluent Raleigh Hills neighbo...
|
• San Diego Res Development Land Sells for $64/sf
8/16/17
A 3.47-acre residential land parcel located within the Pacific Highlands Ranch community in San Diego sold for $9.73 mil ($64/sf). The property is situated on the north side of Village Center Loop Rd, adjacent to The Village ...
|
• LA Investor Spends $4.9 Mil on Long Beach Multifamily Property
8/16/17
An LA-based private investor paid $4.9 mil for East Fifth Street Apartments, a 20-unit apartment property located near the Retro Row and Belmont Heights submarkets in Long Beach. The property closed at a 4.2% cap rate and a p...
|
• Verdant Development Pays $56 Mil for OR Res Asset
8/16/17
Verdant Development closed on a 420-unit OR res buy, paying $56 mil ($133k/unit) for Witham Hill Oaks Apartments, a 50-building apartment community in Corvallis.
The largest apartment community in Corvallis, Witham Hill Oaks...
|
• Repositioned Sunnyvale Res Community Sells for $424k/Unit
8/15/17
A 37-unit multifamily property in Sunnyvale traded hands in a recent $15.7 mil ($424k/unit) transaction. The property, called “pksl,” was purchased by a Bay Area-based private partnership. It is located at 1090 Sunnyvale Sara...
|
• San Mateo Res Property Traded in $22 Mil Deal
8/15/17
The Marq at Shoreview Apartments, a 70-unit multifamily development in San Mateo, was acquired by a private investment entity based in Fullerton in a recent $22.1 mil ($316k/unit) deal. The property was sold by Montgomery Par...
|
• New Ultra-Luxury Res Development in Salt Lake City is Completed
8/14/17
SALT Development has completed work on 4th West Apartments, an ultra-luxury multifamily community in downtown Salt Lake City. Located at 255 North 400 West, adjacent to two light rail systems and one block from the Vivant NBA...
|
• Investor Spends $11.4 Mil on Two Res Communities in Tucson
8/14/17
James Associates has purchased two multifamily properties totaling 192 units in Tucson for a combined price of $11.4 mil ($59.4k/unit). The acquisition includes The Place at Nine90, with 72 units, and The Place at Ten50, with...
|
• Montclair Multifamily Property Sells for $259/sf
8/11/17
Evart Street Apartments, a 68-unit, 34.2k sf multifamily complex in the Inland Empire city of Montclair, was purchased by Mak and Wen Management Inc for $8.85 mil. The deal works out to about $130k/unit and $259/sf, one of th...
|
• Affordable Housing Project in Fullerton Gets Underway
8/10/17
Related California has begun work on a 55-unit affordable housing project in Fullerton. The multifamily apartment complex, the firm’s fourth affordable housing project, is being built by R.D. Olson Construction.
The project ...
|
• Multifamily Community in Woodland Hills Sells for $426k/Unit
8/09/17
IEC, a Bay Area-based discretionary fund manager, has purchased Warner Center Townhomes, a 27-unit res property in the western San Fernando Valley community of Woodland Hills, for $11.5 mil ($426k/unit). Built in 2005, the pr...
|
Return to the Multifamily area
