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• Vegas Luxury Res Property Sells for Over $200k/Unit
12/08/16
Loft 5, a 241-unit ($213.7k/unit) luxury multifamily asset in Las Vegas was sold in a recent $51.5 mil transaction. The property was purchased by Steppe Bros Loft 5 LLC.
Located off I-15 just 10 minutes from the Las Vegas St...
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• Adjacent Beverly Hills Apartment Buildings Sell for $566k per Unit
12/07/16
A Beverly Hills-based private family trust recently purchased two adjacent 1920’s Beverly Hills apartment communities, totaling 10 units, in a $5.66 mil transaction. The deal works out to a price of $566k/unit and a cap rate ...
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• Van Nuys Res Buy Financed with $4.5 Mil Acquisition/Bridge Loan
12/06/16
D2 Squared Properties, LLC has obtained a $4.5 mil acquisition/bridge loan for a 39-unit, 23.9k sf multifamily property in Van Nuys. The property is located at at 14137 Vanowen St, east of Van Nuys Blvd.
Built in 1963, the g...
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• Oceanfront Hawaii Resort Development Financed with $96 Mil Loan
12/06/16
HFF has arranged $96 mil in financing for the development of Timbers Kaua’i – Ocean Club & Residences, a private oceanfront residence club within the planned Hokuala Resort in Lihue on the Hawaiian island of Kaua’i. The const...
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• LA City Planning Commission Approves Plans for New Campus at Los Angeles LGBT Center
12/05/16
The Los Angeles City Planning Commission has unanimously approved plans for the Los Angeles LGBT Center’s new Anita May Rosenstein Campus in Hollywood. Slated for opening in early 2019, the revolutionary new campus will serve...
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• Kennedy Wilson Wraps Up $363 Mil in Multifamily Transactions
12/05/16
Kennedy Wilson recently completed a series of separate multifamily transactions totaling $363 mil. These included: the acquisition of Alara Hedges Creek, a 408-unit apartment community built in 1998 in a suburb of Portland, O...
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• Upscale Sunnyvale Res Project Completed
12/05/16
SummerHill Apartment Communities has completed 481 on Mathilda, a new 105-unit luxury residential rental community in downtown Sunnyvale. The project is located at 481 South Mathilda, between Olive and Iowa streets.
The comm...
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• Pepper Lane Properties Pays $530k/Unit for Hollywood Res Property
12/02/16
Pepper Lane Properties has purchased Wilcox Townhome Apartments, a 26-unit apartment property n Hollywood, for $13.8 mil, or $531k/unit. Built in 1990, the property is located at 920 North Wilcox Ave, west of Vine St, between...
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• Angelo, Gordon & Co Refis Two Vegas Res Properties with $27 Mil in Fannie Mae Money
12/01/16
Angelo, Gordon & Co recently financed two multifamily properties in Las Vegas with $27 mil in Fannie Mae money arranged by Meridian Capital Group.
The properties, Tower at Tropicana, located at 6575 West Tropicana Ave, and G...
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• Oakland Apartment Property Sells for Record $440k/Unit
12/01/16
Taijirian Investments LLC paid $11 mil for a 25-unit multifamily investment property in Oakland. The transaction works out to approximately $727/sf and $440k/unit, in a deal we’re told represents the highest price per square ...
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• Walker & Dunlop Structures $36 Mil FHA Financing on Pasadena Mixed-Use Property
12/01/16
Walker & Dunlop structured a $35.75 mil refi loan for Windrose Apartments & Bungalows, a mixed-use property encompassing nearly three-quarters of a block in Pasadena. The transaction utilized U.S. Department of Housing and Ur...
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• Apartment Property in LA’s Pico-Robertson Neighborhood Sells for $400k/Unit
11/30/16
In a recent apartment sale comp from Los Angeles’ Pico-Robertson neighborhood, an eight-unit building sold for $4 mil, or $500k per unit, in an off-market deal. The property, located at 1030 South Shenandoah St, east of Rober...
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• Pleasant Hill Apartment Property Changes Hands
11/29/16
A local investment group has purchased The Creekside at Pleasant Hill, a 71-unit, fully renovated apartment building in Pleasant Hill. It had been repositioned and sold by Riaz Capital, a Bay Area real estate developer and in...
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• Sequoia Picks Up 367-Unit Res Asset in Oregon
11/28/16
Sequoia has purchased Eddyline at Bridgeport, a 367-unit, Class A mixed-use apartment building in Tualitin, OR. This acquisition increases the firm's Portland-based holdings to more than 2,100 units.
Eddyline was built in ...
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• North Hollywood Res Project Sells for $102 Mil
11/28/16
A joint venture between KBS Strategic Opportunity REIT II and MWest Holdings has acquired The Lofts at NoHo Commons, a three-story, 292-unit Class A apartment building in North Hollywood, for $102.5 mil ($351k/unit). Built in...
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• Phoenix Development Site Sells for $4.6 Mil
11/25/16
A 6.48-acre development site in Phoenix sold for $4.575 mil. Prior to the sale, the buyer obtained approval from the City of Phoenix to develop a 240-unit apartment complex.
The property is located at 4633 East Van Buren. Th...
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• Trumark Homes Working on Four SoCal Res Communities
11/22/16
Trumark Homes is underway with four new SoCal residential communities totaling 363 homes, all in various stages of development. The projects are located in Costa Mesa, Santa Ana and Chino Hills.
One of the projects, Upcoast...
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• Houston Res Portfolio Refinanced with $92 Mil Loan
11/22/16
Willowick Venture Ltd has secured $92 mil in refinancing on Willowick Park, a 552-unit luxury apartment community in Houston, TX. The properties included in the transaction are:
• Aria at Willowick Park – 325 units.
• ...
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• First Phase of Renovations Finished at Marina Del Rey Res Complex
11/21/16
Legacy Partners has completed Phase I at Wayfarer Apartments + Marina, previously known as Mariners Bay. The 30-month renovation project, which commenced in January 2016, entails $65 mil in renovations to the 379-unit apartme...
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• Investors Spend $38 Mil on LA Multifamily Properties
11/21/16
Here are two recent LA-area multifamily sale comps that total roughly $38 mil. One of the transactions, which closed at the end of September, was for the sale of Fairfax WeHo, a 0.79-acre multi-housing development site at 125...
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