|
• 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...
|
• 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...
|
• 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 ...
|
• 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...
|
• 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...
|
• 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...
|
• Huntington Beach Multifamily Sale Comes in at $327k/Unit
1/13/17
In a recent multifamily sales comp from Huntington Beach, an unnamed investor paid $9.8 mil for the Stark & Aldrich Apartments, a two-property portfolio totaling 30 units ($327k/unit). The deal came in at an in-place cap rat...
|
• Bay Area Senior Living Facility Purchased with $30 Mil in Acquisition Financing
1/13/17
Elder Care Alliance has acquired The Villa at San Mateo, a 135-unit independent living senior apartment and mixed-use community in San Mateo.The purchase was financed with a $30.4 mil loan arranged by CBRE Capital Markets’ De...
|
• Res Property in Ramona Purchased for Over $4 Mil
1/12/17
Santa Maria Creek Apartments, a 28-unit res property in the unincorporated San Diego County community of Ramona, sold for $4.05 mil, or $145k/unit. The 22.9k sf property is situated on a 42.3k sf lot at 1606 Montecito Rd, jus...
|
• The Bascom Group Buys 280-Unit Res Asset in San Antonio
1/11/17
In another year-end multifamily acquisition, The Bascom Group LLC has acquired the Redlands Apartments, a 280-unit, Class A apartment community located in the affluent Stone Oak submarket of San Antonio.
The property consis...
|
• Downtown Long Beach Apartment Property Sells for Just Under $10 Mil
1/10/17
A Westchester, CA-based private investor paid $9.7 mil for Ocean Plaza, a 44-unit ($220.5k/unit) apartment property within the East Village Arts District of Downtown Long Beach. The property was sold by Santa Monica-based Jod...
|
• Investor Pays $8.7 Mil for San Diego Res Portfolio
1/10/17
A three-property, 35-unit apartment portfolio located in San Diego’s North Park and University Heights neighborhoods sold for $8.7 mil, or $249k/unit. The properties total 24k sf and are located at 4366-72 and 4374-80 Mississ...
|
• $62 Mil Res Development Completed at Edge of Downtown L.A.’s South Park
1/09/17
OLiVE DTLA, a $62 mil, seven-story, residential mixed-use project in downtown Los Angeles, has been completed. The 384.5k sf project is a development of The Wolff Company and was built by Barnards.
OLiVE DTLA is located at t...
|
• Investor Makes $20 Mil Purchase of San Diego-Area Res Community
1/09/17
Terra at Mission Trails Apartments, a 90-unit residential property in San Diego’s Mission Valley area, traded hands in a $20 mil ($222k/unit) transaction. The community is situated on 3.44 acres at 7707 Mission Gorge Rd, nort...
|
• Walker & Dunlop Structures $15 Mil Freddie Mac Refi on Los Angeles Apartment Property
1/06/17
Walker & Dunlop Inc has structured a $15 mil refi loan with Freddie Mac for The Harvey, an early 1920s vintage, mid-rise multifamily building in Los Angeles. The 57.7k sf property consists of four stories with street accessib...
|
• Steadfast Apartment REIT II Closes Third TX Apartment Buy
1/05/17
Steadfast Apartment REIT III Inc (STAR III) has closed its third acquisition, paying $44.5 mil ($174k/unit) for Canyon Resort at Great Hills, a 256-apartment-home community located in Austin, TX.
Built in 1997, Canyon Resort...
|
• Glendale Apartment Property Traded in $54 Mil Transaction
1/05/17
Interstate Equities Corporation (IEC) has acquired a 126-unit multifamily property in Glendale for $54.2 mil ($430k/unit). The property, currently known as Verdugo Village, will be rebranded and renamed as Towne at Glendale.
...
|
• Luxury Res Project to Get Underway in Westminster, CO
1/05/17
Legacy Partners and Diamond Realty Investments have teamed up in a joint venture to develop Legacy on the Promenade, a luxury res project consisting of 276 apartment homes and 24 town homes in Westminster, CO. Construction wi...
|
• Oakland Apartment Building Sold as Value-Add Opportunity
1/04/17
The Davis-Coit apartments, a 117-unit multifamily complex in Oakland, sold for $8 mil ($68.4k/unit) in a recent transaction. The property is located at 1445 Harrison Ave, a couple of blocks west of Lake Merritt.
A historical...
|
• Summerlin Primed for another Big Year of Activity in 2017
1/04/17
After a record-setting 2016, the coming year’s expectations are high for activity at Summerlin, the 22.5-acre, master-planned community that spans the western rim of the Las Vegas valley at the foot of Red Rock Canyon. The co...
|
Return to the Multifamily area
