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• Anaheim Multifamily Property Sells for $212k/Unit
8/10/16
French Country Apartments, a 33-unit residential property in Anaheim, traded hands for $7 mil ($212k/unit).
French Country, built in 1986 and situated on 1.19 acres, consists of seven, two-story residential buildings, a swi...
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• Hollywood Mixed-Use Development Receives Certificate of Occupancy
8/09/16
Camden USA Inc has obtained a certificate of occupancy for The Camden, a 287-unit, mixed-use urban infill project at 1540 North Vine St in Hollywood. The project was designed by TCA Architects and built by Bernards.
Situated...
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• San Fernando Apartment Property Goes for $186k/Unit
8/09/16
In a recent multifamily sales comp from the west San Fernando Valley, a 36-unit apartment building in Winnetka sold for $6.7 mil, or $186k/unit. The property, located at 7255 Winnetka Ave, was sold by a local private investo...
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• 200-Unit Res Property in San Diego Trades Hands
8/08/16
SARES-REGIS Multifamily Value-Add Fund II, L.P. has purchased Mission Trails Apartments, a 208-unit multifamily property in San Diego. The price was not disclosed.
Mission Trails Apartments is located at 6975 Golfcrest Dr, w...
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• Santa Monica Mixed-User Goes for $681/sf
8/08/16
A 23.5k sf, mixed-use property in Santa Monica traded hands for $16 mil, or $681/sf. The property, originally constructed in 1922 and 1927, is located at 1101-1115 Wilshire Blvd, at the corner with 11th St.
The property cons...
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• Denver Affordable Housing Property Sells for $20.5 Mil
8/05/16
Hamilton Zanze Real Estate Investments recently closed on an affordable housing acquisition in Colorado, paying $20.5 mil for Diamond at Prospect, a 140-unit ($146.4k/unit) multifamily property in Denver.
Security Properties...
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• Universe Holdings Acquires Full Ownership of 300-Unit San Bernardino Res Complex
8/05/16
Universe Holdings has acquired controlling interest and full ownership of the Acacia Park apartment community in San Bernardino from its special service partner following a strategic recapitalization. The asset, today valued ...
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• HFF Arranges $16.8 Mil in Construction Money for Vancouver, WA Res Development
8/04/16
HFF has arranged $16.8 mil in construction financing for the development of Heritage Villas, a 135-unit, Class A garden-style apartment project in Vancouver, WA. The borrower is a partnership between developer Gregg Mecham an...
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• San Jose Affordable Housing Project Comes Online
8/04/16
Oak Grove Apartments, a $34 mil, affordable housing development in San Jose, has officially opened to residents, with the complex fully leased. The project, which provides 134 units of permanently affordable housing to low-in...
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• The Bascom Group Buys 152-Unit Inland Empire Res Asset
8/02/16
The Bascom Group LLC has acquired Del Flora Apartments, a 152-unit, garden-style apartment community in the Inland Empire city of Redlands. The property, located at 30598 Independence Ave, north of I-10 at the intersection of...
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• Decron Properties Group Buys 349-Unit, OC Res Property
8/02/16
Decron Properties Corp has acquired Adagio at South Coast, a 349-unit multifamily apartment community in Santa Ana, for $96 mil ($275k/unit). The property was sold by Prime Residential.
Adagio at South Coast is a garden-sty...
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• L.A. Multifamily Project Approved by City Planning Commission
8/01/16
The Los Angeles City Planning Commission unanimously approved a residential development proposed for 8150 Sunset Blvd by LA-based developers Townscape Partners. The project, situated at the entrance to the city’s popular Suns...
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• Community Preservation Partners and Jamboree Housing in $53 Mil Venture to Rehabilitate and Maintain Affordable Housing Community in San Jose
7/28/16
Community Preservation Partners (CPP) and Jamboree Housing have closed a $53 mil joint venture to rehabilitate and protect affordable housing at Monte Vista Gardens, a 144-unit multifamily property in San Jose.
Monte Vista G...
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• Non-Rent-Controlled Apartment Property Picked up in 1031 Exchange Buy
7/28/16
A 22-unit apartment property in East Hollywood sold for $4.25 mil, or $193k/unit. The fully occupied, non rent-controlled property, located at 3933 Marathon St, was acquired by a Los Angeles-based investment company in a 103...
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• Wolff Urban Development and JP DiNapoli to Develop 2.5-Acre Office Site in San Jose’s Downtown Core
7/27/16
Here’s news of a project currently in the planning stage in the Bay Area. A partnership of Wolff Urban Development and JP DiNapoli is finalizing entitlements for a 2.5-acre site in downtown San Jose. The site, located at 355...
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• Trion Properties Acquires Silicon Valley Multifamily Value-Add Opportunity
7/27/16
Trion Properties has purchased Buckingham Apartments, a 48-unit, value-add multifamily property in Redwood City, a densely populated, urban neighborhood in the Silicon Valley region of the Bay Area. The asset was acquired for...
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• Investor Pays $278k/Unit for Long Beach Value-Add Multifamily Buy
7/26/16
Patio Garden Apartments, a 127-unit apartment community in Long Beach, sold for $35.3 mil, which equates to about $278k/unit. The property is located 4874 East Los Coyotes Diagonal in the Long Beach Traffic Circle neighborh...
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• Van Nuys Multifamily Property Trades in $14 Mil Deal
7/26/16
Valerio Apartments, a 96-unit multifamily property in the central San Fernando Valley community of Van Nuys, traded hands in a recent $14.3 mil transaction. The property, located at 14420-14432 Valerio St, north of Sherman Wa...
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• Apartment Complex in LA’s MacArthur Park District Fetches $222k/Unit
7/26/16
A 27-unit multifamily complex in the MacArthur Park district of Los Angeles was acquired by a local family trust for $6 mil, or $222k/unit. Built in 1988, the three-story property is located at 430 S. Grand View St, north of ...
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• New 320-Unit Res Project in The Arts District Opens to the Public
7/22/16
The Garey Bldg, a 320-unit apartment development in The Arts District of downtown Los Angeles, has opened to the public. The project is situated on a 2.9-acre site at 905 E. 2nd St, spanning from 1st to 2nd Streets, east of A...
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