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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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• First Phase at Luxury Pacific Heights Res Project Offered for Sale
7/21/16
The first phase within The Pacific, an upscale condo development in the heart of San Francisco’s Pacific Heights neighborhood, has been released for sale. The Pacific, a development of Trumark Urban, is located at 2121 Webste...
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• California Home Sales Reach Highest Level in Almost Four Years
7/21/16
After a couple months of lackluster growth in transaction volume, California existing home sales rose to their highest level in nearly four years in June, as sales surpassed the 400,000 mark for the fourth consecutive month, ...
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• Historic Chapman Park Studio Building in Los Angeles’ Koreatown Trades Hands
7/19/16
Chapman Park Studio building, a 27.2k sf, historic building in the Koreatown neighborhood of Los Angeles, sold in a recent transaction valued at $9.725 mil, or $357/sf. Built in 1928 and featuring Spanish Revival architecture...
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• NBP Capital Buys 1.2-Acre Boys & Girls Club Site in Southeast Portland
7/18/16
NBP Capital paid $8.825 mil for the Boys & Girls Club site in Sellwood, a community in Southeast Portland. The 1.21-acre property was sold by the Boys & Girls Club of Portland Metro.
The property was sold on a free and clear...
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• Whittier Multifamily Property Trades in $6 Mil Deal
7/18/16
Duchess Terrace Apartments, a 29-unit apartment community located along the 605 corridor in Whittier, was acquired by a private investor for $209k/unit, or around $6 mil. The property was 97 percent occupied at close of escro...
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• Oakland Apartment Building Sells for $350k/Unit
7/18/16
A 28-unit property in the Piedmont/Grand Lake district of Oakland sold for $9.75 mil, or $350k/unit. This was the first time the property has changed hands in over 25 years.
The property is in the quiet and upscale Piedmont/...
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• Next on Lex Breaks Ground
7/15/16
Century West Partners has broken ground on “Next On Lex,” a $280 mil, mixed-use multifamily project in Glendale. The largest apartment project to be launched in the L.A. area in 2016, Next On Lex is part of $1.3 bil in new de...
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• Ultra-Luxury Senior Living Project Breaks Ground in Laguna Niguel
7/15/16
Work has started on Crestavilla, a $100 mil, senior living project in Laguna Niguel. The ultra-luxury retirement community will provide an array of services comparable to a five-star hotel.
Crestavilla is being developed by...
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• Multifamily Community in Denver’s LoHi Neighborhood Purchased for $322k/Unit
7/14/16
Highlands Park Apartments, a 125-unit multifamily community located in Denver’s Lower Highland neighborhood commonly known as LoHi, sold for $40.25 mil, or $322k/unit. Grand Peaks Properties, a Denver-based multifamily invest...
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• Upscale Res Project in Ladera Heights about to Break Ground
7/13/16
Strategic Legacy Investment Group is about to break ground on an upscale residential development in Ladera Heights. The 36-unit project, Knowlton Luxury Residences, is located at 6944 Knowlton Place, just south of Centinela A...
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• Raintree Partners Closes $163 Mil OC Res Buy
7/13/16
Raintree Partners has purchased eaves by Avalon, a 628-unit residential apartment community in Tustin, for $163.55 mil, a price that works out to over $260k/unit. The property, constructed in phases between 1968 and 1972, was...
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• Santee Multifamily Property Trades in $29 Mil Deal
7/13/16
Stratford Partners has paid $28.9 mil for Sun Ridge Apartments, a 160-unit ($180.6k/unit), garden-style apartment complex in the East San Diego County community of Santee. The asset was acquired free and clear of existing deb...
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