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• Legacy Partners Nabs Development Property in Redmond, WA
11/17/16
Legacy Partners has purchased a 3.8-acre site in downtown Redmond, WA that they plan to redevelop. Legacy is partnering with a Beijing-based public company (traded on the Hong Kong stock exchange) known for their specializati...
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• Universe Holdings and Hanover Financial Pay $24 Mil for 68 Res Units in Hollywood
11/17/16
Universe Holdings and Hanover Financial have teamed up in the acquisition of two multifamily properties totaling 68 units in Hollywood for $24.1 mil ($354.4k/unit). The joint venture partners have dedicated an additional $2 ...
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• CalAtlantic Homes Buys 170-Acre Master-Planned Dev Site in Del Sur
11/16/16
A 170-acre master-planned community development site in Del Sur sold for $24.5 mil. The property is located at Carmel Valley Rd and Dove Canyon Rd.
Heritage Bluffs is comprised of 171 single-family home lots as a part of the...
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• Residential Re-Use Project in LA’s Koreatown District Opens 50% Preleased
11/16/16
Jamison has opened The Abbey, a 110-unit apartment complex at 3550 West Sixth St in Los Angeles’ Koreatown district.
The Abbey, the adaptive reuse of a six-story 1927 office and parking building, features a mix of studio, on...
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• Holland Partner Group and Invesco Real Estate Purchase 566-Unit Res Property in Beaverton, OR
11/16/16
LaSalle Apartments, a garden-style, midrise luxury apartment community in Beaverton, OR, was acquired by a joint venture between Holland Partner Group and Invesco Real Estate. The 566-unit asset was sold by Waterton. The pri...
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• Multifamily Property from 1920s in LA’s Koreatown Fetches $166k/Unit
11/15/16
Alexandria Tower Apartments, a six-story, 60-unit apartment building located in Los Angeles’ Koreatown neighborhood, traded hands in a recent $9.95 mil deal. The transaction closed at a 4.1% cap rate, $165.8k/unit and $257/sf...
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• Los Angeles Apartment Portfolio Refinanced with $33 Mil in Cash-Out Money
11/15/16
George Smith Partners has arranged $33 mil in cash-out refinancing for a nine-property portfolio of rent-stabilized apartment buildings in the West Hollywood and Koreatown neighborhoods of Los Angeles on behalf of a local own...
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• Two LA Multifamily Sales Total Up to $20 Mil
11/14/16
We’ve got two Los Angeles multifamily sales to report. The deals total almost $20 mil and were both brokered, in part, by Brent Sprenkle of Berkadia.
In the larger transaction, Westlake Olympic Hotel & Residences, a 172-unit...
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• Private Investor Buys 80-Unit Res Property in San Bernardino
11/14/16
An 80-unit apartment property in the Inland Empire city of San Bernardino was purchased for $10.25 mil ($128k/unit) by a private investor in an off-market transaction. The property, Hillside Apartments, is located Apartments...
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• Chelsea Adds 56 Upscale Res Rental Units to Santa Monica
11/14/16
Chelsea, a new upscale residential/retail development in the heart of downtown Santa Monica, was just completed. Showcasing contemporary design with luxe finishes, Chelsea includes 56 res units set above ground floor retail. ...
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• Oak Coast Properties Spends $129 Mil on 959-Unit Res Asset in Denver
11/11/16
In a major multifamily acquisition out of Denver, Oak Coast Properties purchased Pembrooke on the Green Apartments, a 959-unit community located in the southeast quadrant of the city, which is experiencing record population g...
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• Inglewood Apartment Property Trades in Investment Buy
11/11/16
An 18-unit, two-building apartment property in Inglewood sold for $4.48 mil ($249k/unit) in a recent off-market transaction. Inglewood has been seeing a notable uptick in investment deals with the ongoing development of the n...
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• Alliance Residential Acquires Dev Site in Portland’s Pearl District
11/10/16
Alliance Residential Company is moving forward with an upscale res project in Portland’s sought-after Pearl District. The firm paid $5.8 mil for a 30k sf development site and has already broken ground on a new 147-unit, six-s...
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• The Bascom Group Picks Up 32-Unit Asset in Vista
11/10/16
The Bascom Group LLC acquired Hillside Terrace, a 32-unit apartment community in Vista, CA, for $6.2 mil, or about $194k/unit. The property, located at 322 Hillside Terrace, north of Hwy 78 and east of Santa Fe Ave, was purch...
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• Mountain View Affordable Housing Project Breaks Ground
11/09/16
ROEM Development Corporation has broken ground on Evelyn Family Apartments, a 116-unit, affordable multifamily community in Mountain View. The development covers 1.93 acres on the southwest corner at the intersection of East...
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• Brookline Investment Group Closes 200-Unit OR Res Buy
11/08/16
Brookline Investment Group purchased Sunfield Lakes, a 200-unit, garden-style apartment community in the southwest Portland, OR suburb of Sherwood. The asset was sold free and clear of existing debt by Berkshire Group.
Sunf...
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• TruAmerica and Investcorp Team up in $92 Mil Inland Empire Res Buy
11/07/16
TruAmerica Multifamily in joint venture with institutional capital partner Investcorp has acquired The Highlands, a 556-unit, garden-style apartment community in the Inland Empire community of Grand Terrace. The asset traded ...
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• UNCOMMON Development Breaks Ground in the San Fernando Valley
11/04/16
A unique, 24-acre residential, office and retail campus in the west San Fernando Valley has just broken ground. The project, “24”, is a live/work/play campus concept that is hoped to transform an under-served area of Chatswor...
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• La Mesa Res Community Traded in $17 Mil Transaction
11/04/16
The Quarry Apartment Homes, a 60-unit, luxury res property in La Mesa, sold for $17 mil ($283k/unit). The property is at 4330 Palm Ave, west of Hwy 125 and north of Hwy 94.
The apartment community is made up of three, three-...
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• Encinitas Res Development Site Sells for $2.75 Mil
11/04/16
A 1.67-acre residential land parcel in Encinitas traded hands in a $2.75 mil deal. The property, located at 858 Hymettus Ave, just two blocks east of Coast Highway, offers panoramic ocean views.
Ciara Trujillo of Colliers ...
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