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• Venture Between Barker Pacific Group and Pacific Real Estate Partners Buys 360-Unit AZ Res Property
9/30/16
Sterling Real Estate Holdings, a joint venture between Barker Pacific Group (BPG) and Pacific Real Estate Partners has acquired Maya Linda Apartments, a 360-unit apartment complex located on a new light rail station in the em...
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• Thorofare Capital Funds $14.9 Mil Loan for South Pasadena Apartment Buy
9/29/16
Thorofare Capital has provided an affiliate of BRAD Management with a $14.9 mil floating-rate commercial mortgage for the acquisition and renovation of two multifamily buildings in South Pasadena. The neighboring gated prop...
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• Millennials, Baby Boomers and Favorable Financing Drive Multifamily Cap Rate Strength Throughout U.S.
9/28/16
Lifestyle changes from Millennials, Baby Boomers and a favorable financing environment contributed to resilient multifamily capitalization rates in the U.S. over the first half of 2016—according to the latest research from gl...
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• Legacy Partners and SyRES Properties Start Work on Second Phase of Concord Res Development
9/27/16
Legacy Partners and SyRES Properties have just broken ground on the 180-unit, second phase of Renaissance Square, a luxury apartment community in Concord. In August 2016, Legacy Partners and SyRES Properties also acquired the...
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• Clippinger Investment Properties Pays $6.4 Mil for Historic Hollywood Apartment Building
9/26/16
By Allen Wolfsheimer
Sacramento-based Clippinger Investment Properties recently acquired the Marathon Apartments, a four-story, 43-unit apartment property in Hollywood, in a $6.4 mil ($149k/unit) deal. The property, formerly...
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• Fident Capital Arranges $7 Mil of Joint Venture Equity for Chula Vista Res Project
9/26/16
Fident Capital has arranged $7.1 mil of joint venture equity financing for the construction of Stone Creek Casitas, a 97-unit res project being built by La Terra Development in Chula Vista. The equity offsets a $15.4 mil non-...
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• Trio of Hollywood Apartment Buildings Trade in $11 Mil of Sales
9/26/16
Three apartment buildings in Hollywood totaling 54 units sold in recent deals with a combined price of $11.2 mil. The value-add sales are for one 32-unit property and two 11-unit, non-continuous mid-century buildings, located...
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• Dekel Strategic Investors Provides $16.1 Mil for the Development of 130-Unit Senior Housing Complex in Thousand Oaks
9/23/16
Dekel Strategic Investors (DSI) has placed $16.1 mil in equity for the development of Sage Mountain Senior Living, a 130-unit, 58.2k sf assisted living and memory care project being developed by LA-based Willis Development in...
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• Oakland Apartment Property Sells for $15.3 Mil
9/23/16
A local San Francisco buyer paid $15.3 mil for an 84-unit ($182k/unit) multifamily property in Oakland’s Lake Merritt area. The asset, which was acquired in an off-market transaction, is located at 421 East 18th St, at Park B...
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• Pleasanton Apartment Traded by Private Investors in $3.27 Mil Deal
9/23/16
A 10-unit, two-building apartment complex in Pleasanton was acquired by a private investor group in a recent, $3.27 mil ($327k/unit) transaction. The property, located at 4324 Railroad Ave, was sold by a private investor.
T...
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• Sacramento Area Res Community Trades for $84k/Unit
9/22/16
Sierra Village, a 185-unit, Class B apartment community located in the North Highlands submarket of Sacramento, was purchased for $15.5 mil ($83.8k/unit) by Oracle Properties Development. The asset was sold by Trion Propertie...
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• PCCP LLC Provides $25.6 Mil Loan to Angelo, Gordon & Co for San Diego Office Buy
9/22/16
PCCP LLC provided a $25.6 mil senior loan to Angelo, Gordon & Co for its recent acquisition and planned repositioning of Wateridge Pointe, a two-building, 123.7k sf office project in the Sorrento Mesa submarket of San Diego. ...
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• Planned Development in San Francisco’s Mid-Market Area to Move Forward with $34 Mil in Construction Money
9/21/16
Encore Capital Management has obtained $34 mil in ground-up construction financing for the development of a mixed-use property comprised of 90 for-sale housing units above ground-level retail space in San Francisco. The loan ...
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• Escondido Mobile Home Property Fetches Over $100k/Unit
9/21/16
Canyon Crest Estates, an 88-space mobile home park property in Escondido, sold for $9.35 mil, or $106.3k/unit. The property covers 18.8 acres at 2100 S. Escondido Blvd, east of I-15.
Ciara Trujillo, David Santistevan, and G...
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• Hollywood Dev Site Sold for $23 Mil by Champion Real Estate Company
9/21/16
In development news out of Hollywood, Airport Holdings LP paid $23.3 mil for a 49.6k sf parking lot property that is currently entitled for a mixed-use, residential/retail property. The property, located at 1717 N. Las Palmas...
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• Affordable Housing Project in San Luis Obispo Opens Fully Leased
9/19/16
The City of San Luis Obispo recently celebrated the grand opening of South Hills Crossing, a new affordable apartment community by ROEM Corporation in partnership with the Housing Authority of the San Luis Obispo (HASLO). So...
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• 10-Units in University Heights Goes for $2,414,000
9/16/16
In the University Heights section of San Diego, a 10 unit-complex situated on two parcels at 4521 & 4525 Park Blvd was purchased by an entity named Urban on Park, LLC of San Diego for $2,414,000. The buyer was represented by...
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• Just Completed Affordable Housing Project Adds 59 Units of Affordable Housing in South Los Angeles
9/16/16
Paloma Terrace, a 59-unit affordable housing project in South Los Angeles, was just completed and has opened to the public. The project is a development of Retirement Housing Foundation (RHF Housing) and was designed by KFA L...
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• Vista Gets a View of $30.8 Mil in Financing for 276-unit Los Angeles Apartment Complex
9/14/16
Holliday Fenoglio Fowler, L.P. (HFF) secured $30.8 million in financing for Woodlake Manor, a 276-unit apartment property in Los Angeles’ Baldwin Hills neighborhood. The borrower, Vista Investment Group LLC got a seven-year, ...
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• Investor Pays $1.65 Mil for Petaluma Res Property
9/14/16
A six-unit apartment property located in Petaluma traded for $1.645 mil, or $274k/unit. The property is located at 308 Vallejo St in one of the city’s most desirable neighborhoods.
The property sits on a 17.6k sf lot with fi...
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