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June 25, 2024
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MULTIFAMILY NEWS
Archive
1  ...  13  | 14  | 15  | 16  | 17  |  18  | 19  | 20  | 21  | 22  ...  340
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• Historic Renovation/Redevelopment Project Leaves Its Mark in Riverside
4/25/23
Work has wrapped up on The Mark, a mixed-use, seven-story residential and retail building in the heart of Riversideís historic core. The project, which required finding a balance between historic preservation and modern renew...
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• Tishman Speyer and San Francisco Giants Begin Leasing Residential Units at First Project 28-Acre Mission Rock Campus
4/24/23
The Canyon, a new 283-unit res tower development in San Franciscoís China Basin area, has been completed and is now leasing. The project was built by the Mission Rock development team, a partnership between the San Francisco ...
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• San Fernando Valley Apartment Building Sells for $231k/Unit
4/24/23
In a recent multifamily comp out of the San Fernando Valley, a 13-unit property located at 13440 Victory Blvd in Van Nuys sold for $3 mil, or $231k/unit. At the time of closing, five units were vacant and in various stages of...
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• Downtown L.A. Multifamily Property Sells for $17.5 Mil
4/21/23
The Mint, an eight-story, 42-unit multifamily property located in the heart of downtown Los Angeles, has sold for $17.5 mil, or $417k/unit. The buyer was a local investor. Located at 1136 W. 6th St in one of the most desira...
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• OR Independent Living Facility Trades for $294k/Unit
4/21/23
Inspired Healthcare Capital paid $35 mil for Crescent Park, a 119-unit ($294k/unit) independent living community in Eugene, OR. The property, located at 2951 Coburg Rd, was sold by an investment management firm with a focus o...
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• Rialto Multifamily Trade Works Out to $166k/Unit
4/19/23
Jackson Apartments, a 41-unit multifamily property in Rialto, sold for $6.8 mil ($166k/unit). The property was purchased by a private investor who owns several multifamily buildings in the area. Constructed in 1971, Jackson ...
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• Moorpark Site to Be Developed into 200-Unit Affordable Housing Project
4/19/23
An 18-acre development site in the city of Moorpark has traded hands. Danco, an affordable housing developer, has acquired 12 acres for construction of a 200-unit affordable multifamily housing project, with the remaining six...
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• Two Desirable Covered Land Listings in West Hollywood Hit the Market
4/19/23
Hereís the scoop on two covered land play opportunities in the city of West Hollywood. The listings, both on Fairfax Ave, are being marketed by Andrew Levant of Kennedy Wilson Real Estate Sales & Marketing. Presently, 1019 N...
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• Fresno Multifamily Property Trades for $124k/Unit
4/18/23
Northbrook Apartments, a 92-unit, garden-style multifamily community in Fresno, sold for $11.4 mil, or about $124k/unit. The single-story complex is located at 584 E. Bullard Ave. Northbrook Apartments offers a mix of one- a...
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• Historic Building in Downtown Los Angeles Acquired for Conversion into a Boutique Hotel
4/18/23
The Garfield Building, a 12-story, 102.2k sf historic structure in downtown Los Angeles, was acquired by a Bay Area investor in a $19 mil transaction. The deal closed on March 31, ahead of the enactment of Los Angelesís prope...
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• Affordable Housing Project Gets Underway in Ontario
4/17/23
Related California has broken ground on Emporia Housing, a 50-unit affordable housing project in Ontario. The development, expected to reach completion by mid-Summer 2024, is being built by R.D. Olson Construction. Danielian ...
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• MG Properties Completes $67 Mil Res Buy in Colorado
4/17/23
MG Properties closed on the purchase of Ridge at Castle Rock Apartments, a 204-unit res community in Castle Rock, a Colorado town located south of downtown Denver, for $67.15 mil ($329k/unit). The property, formerly known as ...
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• Champion Real Estate Company Secures $40 Mil Refi on OC Student Housing Property
4/14/23
Champion Real Estate Company has refinanced University Village Fullerton, a 121 unit/427-bed student housing property in Fullerton, with a new loan for $40.5 mil. The property is located at 2000 Oxford Ave, just north of Yorb...
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• Commercial Real Estate Financing Briefs
4/14/23
BELLWETHER ENTERPRISE REAL ESTATE CAPITAL -- Tom Turnage and Joe Galosic, Jr with Bellwether Enterprise originated a $58 mil loan to finance a luxury apartment community in Santa Barbara County. The property is a best-in-clas...
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• Res Property in L.A.ís Koreatown Neighborhood Goes for $238k/Unit
4/13/23
Gramercy Townhouse, a 30-unit in L.A.ís Koreatown neighborhood, traded hands in a $7.15 mil ($238.3k/unit) deal. Located at 430 S. Gramercy Place, Gramercy Townhouse is a three-story apartment building with a mix of studio, o...
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• Capital Improvement Program Well Underway at 597-Unit Marina del Rey Res Community
4/11/23
Equity Residential recently embarked on a $45 mil capital improvement program at Pearl Apartments, a 597-unit multifamily community in Marina del Rey, and has completed the first 87 upgraded residences. The asset is owned by ...
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• Newport Beach Apartment Property Goes for $720k/Unit
4/11/23
A five-unit multifamily complex in Newport Beach traded in a $3.6 mil deal, which works out to $720k per unit. Constructed in the 1970s, the property is located at 800-808 Amigos Way, just west of Jamboree Rd. The complex is...
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• Fresno Multifamily Property Sells for $300k/Unit
4/11/23
Birch Commons, a 49-unit multifamily property in Fresno, sold for $14.75 mil ($301k/unit). Located on 4.77 acres at 1850 E. Birch Ave, Birch Commons is a townhome-style apartment community with a unit mix of one-, two-, and t...
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• Warner Center Property Goes for $137/sf in Land Value
4/07/23
CBRE brokered the sale of 6036 Variel Avenue in Woodland Hills, a 1.21-acre multifamily mixed-use development site within Warner Center, for $7,200,000 which equates to $137 per square foot for the land. CBRE's Laurie Lusti...
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• Brixton Capital Buys 144-Unit Apartment Community in San Antonio
4/07/23
Brixton Capital has acquired The Atlee, a 144-unit, 157.5k sf multifamily community in the Olmos Park submarket of San Antonio, TX. The price was not disclosed. The Atlee, located at 402 Holland Ave, features premier interi...
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