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• BLT Enterprises to Start Work on 282-Unit First Phase of Napa Res Project
8/29/16
BLT Enterprises plans to begin work on Phase I of Vista Tulocay, a 500-unit multifamily project in Napa. Phase I, which was recently approved by the Napa City Council, will include 282 apartment units on approximately 12.5 ac...
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• The Bascom Group Buys 260-Unit Dallas Area Res Property
8/29/16
The Bascom Group LLC recently purchased a 260-unit multifamily community located in the desirable North Dallas city of McKinney, TX. The price was not disclosed.
Built in 1997, the property consists of 24 two-story residenti...
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• WA Res Development Gets $30 Mil in Construction Financing
8/29/16
Cascadia Development Partners has obtained $29.5 mil in construction financing for development of Uptown Apartments, a 167-unit residential project in Vancouver, WA. Uptown Apartments will include studios, one-bedroom and two...
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• Acquisition of 349-Unit OC Apartment Complex Financed with $75 Mil Loan
8/26/16
Meridian Capital Group has arranged $74.7 mil in acquisition and recapitalization financing for the purchase of Adagio at South Coast, a 349-unit multifamily property in Santa Ana. The buyer was Decron Properties, as reported...
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• New Res Project in LA’s Silver Lake Area Refinanced with $15 Mil Loan
8/26/16
HFF has arranged $15 mil in financing for HoM @ West Temple, a 67-unit, Class A apartment community in Los Angeles’ Silver Lake submarket. The borrower, Sharp Capital, completed the property in February 2016 and will use the ...
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• Temecula Apartment Buy Financed with $49 Mil Acquisition Loan
8/25/16
MIG Real Estate financed its recent acquisition of Cape May at Harveston, a 300-unit, Class A apartment community in Temecula, with a $48.8 mil loan arranged by CBRE and provided by Fannie Mae.
Built in 2006, the garden-sty...
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• Management of 300-Unit CO Multifamily Property Goes to Mission Rock Residential
8/25/16
Mission Rock Residential LLC has been awarded the management assignment for Dove Valley Apartments, a 312-unit residential property in Englewood, CO. The property is owned by the Rubino Family.
Dove Valley Apartments offers ...
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• Advanced Real Estate Services Pays $16.5 Mil for 63-Unit Rental Property in Riverside
8/25/16
Advanced Real Estate Services Inc (ARES) has acquired Tuscan Townhomes, a 63-unit res property in Riverside, for $16.47 mil, or $261k/unit. The property, built as condominiums from 2007 to 2010 but rented as apartments, is ad...
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• Capital One Provides $10.5 Mil Freddie Mac Refi on SoCal Res Portfolio
8/25/16
Capital One has provided four Freddie Mac five-year hybrid small balance loans totaling $10.5 mil to refinance a portfolio of four Southern California properties. The borrower was Positive Investments, which owns and operate...
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• Lincoln Ventures to Start Work on 42-Unit Student Housing Project for University of Texas
8/24/16
Lincoln Ventures has obtained a $14.5 mil construction loan for development of The Ruckus, a 42-unit and 167-bed student housing project in the West Campus area of the University of Texas. The loan was arranged by El Segundo...
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• LaTerra Development Gets Underway With Two SoCal Res Projects
8/24/16
LaTerra Development, a Los Angeles based real estate developer, has started construction on two infill apartment projects totaling 325 units in Santa Ana and Chula Vista. Each project was capitalized with institutional join...
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• Kennedy Wilson Acquires 82-Year Leasehold Interest in 386-Unit, Ventura County Res Property
8/23/16
Kennedy Wilson has acquired a 386-unit multifamily community in Ventura County. The property, University Glen, is a Class A apartment complex in the city of Camarillo. It traded for $81 mil, or $210k/unit.
The transaction,...
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• Interstate Equities Corporation Closes on $46 Mil Bay Area Multifamily Buy
8/23/16
In a recent institutional multifamily acquisition in the Bay Area, Interstate Equities Corporation (IEC) has acquired a 137-unit, value-add property in Milpitas for $46 mil ($336k/unit). The property, formerly called Meritage...
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• Two LA Area Apartment Assets Trade in Deals Totaling Nearly $20 Mil
8/23/16
Two apartment properties in the Greater Los Angeles area traded hands in recent transactions by the same seller that totaled about $20 mil. Sandra Manor Trust, a privately held multi-family community investor and operator, so...
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• Walker & Dunlop Structures $49 Mil in Three Freddie Mac Loans on Utah Student Housing Properties
8/22/16
Walker & Dunlop Inc recently structured three loans totaling $48.75 mil on Utah student housing facilities utilizing Freddie Mac financing. The loans were for The Lodges at Glenwood, Raintree Commons, and Cambridge Court, all...
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• Transit-Oriented Res Development Completed in LA’s Chinatown
8/19/16
Blossom Plaza, a transit-oriented, mixed-use development on Broadway near the "Gateway" of Los Angeles’ historic Chinatown district, has been completed. The project, a development of Forest City, was designed by architect Joh...
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• 53-Acre Parcel in Scripps Ranch Acquired for New Continuing Care Retirement Community
8/19/16
A 53-acre land parcel in Scripps Ranch was acquired in an $18.5 mil transaction by Continuing Life Communities, a Carlsbad-based retirement community management company. Continuing Life plans to use the land for the developm...
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• 300-Unit Temecula Res Community Trades Hands
8/19/16
In a recent OC res buy, MIG Real Estate purchased Cape May at Harveston, a 300-unit garden-style apartment community in Temecula. The property is situated near upscale shopping and dining, central to area high-tech and biotec...
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• Santa Monica Apartment Building Sells for $450k/Unit
8/18/16
A fully occupied, six-unit apartment property in Santa Monica sold for $2.7 mil, or $450k/unit. The property is located in the prime, north of Wilshire area, just one block south of Montana Ave, at 919 20th St.
Built in 1950...
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• Legacy Partners and The Resmark Companies to Develop 168-Unit Res Project in San Diego’s Marina District
8/18/16
Legacy Partners and The Resmark Companies have teamed up to build a 168-unit res project in the highly desirable Marina District of downtown San Diego. Located at 372 4th Ave, adjacent to San Diego Bay, the five-story residen...
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