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• New Portland Apartment Project Trades in $20 Mil Transaction
2/03/17
A Santa Clara-based private investment group has purchased Muse apartments, a newly-built, 58-unit mid-rise apartment in Portland, OR. The asset was sold by locally based Gerding Edlen in a $20.15 mil ($374.4k/unit) transacti...
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• Nevada Res Community Traded in $35 Mil Deal
2/02/17
LandCap Investment Partners LLC and its capital partner, Strand Corporation, have acquired Marina Village Apartments, a 240-unit apartment community in Sparks, NV, for $35 mil ($146k/unit) in an off-market transaction. The ac...
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• New Joint Venture Partnership Secures $325 Mil in Financing for Development of Stalled High-Rise in Seattle’s Belltown Submarket
2/01/17
A new joint venture group has secured $325 mil of development funding for a previously stalled, 41-story mixed-use multifamily and hotel tower located in the Belltown submarket of downtown Seattle. The project financing, arra...
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• California Investor Buys 167-Unit Res Asset in Utah
2/01/17
An unnamed CA-based investor has purchased The Gate at Canyon Ridge, a 167-unit multifamily property located in Ogden, UT.
The Gate at Canyon Ridge consists of one- and two-bedroom units that range in size between 600 sf ...
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• 1960s Concord Multifamily Property Sold in $3.75 Mil Deal
1/31/17
Woodstone Apartments, a 20-unit multifamily property in the East Bay city of Concord, was purchased by an unnamed investor for $3.75 mil, or $187.5k/unit. The property is located at 4819 Clayton Rd, south of Hwy 4 and east of...
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• Torrance Multifamily Portfolio from the 1960s Hits the Market
1/30/17
A three-property multifamily portfolio totaling 506 units in Torrance has been listed for sale and is expected to fetch around $200 mil. The properties are being sold by Don Wilson Builders, who developed and has owned the as...
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• Housing Trust Group to Build 325-Unit Res Project in Mesa, AZ
1/30/17
Housing Trust Group, based in Coconut Grove, FL, has obtained a $47.2 mil (HUD) 221(d)(4) construction loan for development of Aviva, a Class A+ multifamily project in Mesa, AZ. Aviva marks the first project for the firm in t...
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• Zephyr Starts Work on 168-Unit Res Project in Dana Point
1/30/17
San Diego-based Zephyr has broken ground on South Cove, a condominium community featuring 168 luxury residences at Del Obispo and Pacific Coast Highway in the heart of Dana Point, directly across the street from Doheny State ...
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• Local Investor Buys 84-Unit Res Asset in Oceanside
1/27/17
Grant Street Villas, an 84-unit apartment complex in Oceanside, was purchased by a local real estate investor for $12.5 mil, or $149k/unit. According to CBRE, the sale was one of eight transactions of this size in North Count...
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• L.A. Investors Trade 20-Unit Long Beach Multifamily Asset
1/27/17
Los Angeles-based Realty Holdings PSBJ purchased Atlantic Avenue Apartments, a 20-unit res property in Long Beach, in a recent $3.5 mil transaction. The asset was sold by June Quest One LLC, also out of Los Angeles.
Built in...
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• Los Angeles Multifamily Property Lands $8 Mil Refi Loan
1/26/17
NorthMarq Capital arranged an $8.17 mil refi of Lafayette Square Apartments, a 44-unit multifamily property in Los Angeles. The property is located at 1625 Crenshaw Blvd, in close proximity to the 10 and 110 freeways.
The pr...
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• Trion Properties Completes Repositioning of San Diego Multfamily Community
1/24/17
Trion Properties has repositioned and rebranded Willow Glen, a 98-unit apartment community in San Diego the company acquired in June 2015. Willow Glen is located at 3635 College Ave, in the rapidly growing College Area submar...
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• Community Preservation Partners Buys 280-Unit Restricted-Rent Asset in Cathedral City
1/23/17
OC-based Community Preservation Partners (CPP) acquired Mountain View Senior Apartments, a 280-unit, rent-restricted apartment complex in Cathedral City. The price was not disclosed.
Built in the early 1980s, the property i...
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• Private Investor Collects Over $14 Mil from Sale of Four OC Multifamily Properties
1/23/17
A four-property, 43-unit multifamily portfolio in Orange County has sold for $14.2 mil, or $330k/unit. The investment properties – one in Costa Mesa and three in Huntington Beach – were listed by a single private investor sel...
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• Vista Investment Group Spends $27.5 Mil on Two SoCal Apartment Properties
1/19/17
Vista Investment Group recently closed two SoCal multifamily buys in deals that totaled $27.5 mil. The purchases consist of an 80-unit apartment community in San Diego and a 50-unit apartment complex in Los Angeles.
In the l...
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• Blythe Manufactured Home Community Sells for $25k/Space
1/18/17
A private investor paid $2.75 mil for El Rancho Estates, a 109-space ($25k/space) manufactured home community in Blythe, CA. The seller was also a private investor.
El Rancho Estates is situated on just over 15 acres at 2450...
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• The Bascom Group Pays $146k/Unit for Fontana Res Property
1/17/17
The Bascom Group LLC has acquired Laurel Tree, a 36-unit apartment community located at 17923 Arrow Blvd in Fontana, for $5.25 mil. The price works out to $146k/unit and about $160/sf.
Built in 1989 and sitting on more than ...
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• Fairfield Residential Buys 30k sf Redevelopment Site in Portland
1/17/17
Fairfield Residential picked up a 30.3k sf redevelopment site in Portland for $3.6 mil. The property, located at 2869 NE Sandy Blvd, is one of the largest development opportunities in the area.
The site encompasses five sepa...
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• Community Preservation Partners Purchases 179-Unit Senior Housing Property in Anaheim
1/16/17
Community Preservation Partners (CPP) has acquired the Miracle Terrace Apartments, a 179-unit, seniors affordable housing property in Anaheim, in a $53.5 mil joint venture with nonprofit Jamboree Housing.
CPP purchased the 4...
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• Pathfinder Partners Spends $12.5 Mil on Vegas Res Community
1/16/17
Pathfinder Partners has acquired Tierra Bella, an 89-unit apartment community in Las Vegas, for $12.5 mil, or $140k/unit. The property is located at 10620 Alexander Rd, north of Cheyenne Ave and just west of I-215.
The asset...
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