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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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• Hollywood Apartment Property Trades for $261k/Unit
7/12/16
A Los Angeles-based investment company paid $8.1 mil for a fully occupied, 31-unit ($261k/unit) apartment property in Hollywood. The property, located at 6021-6029 Carlton Way, was sold by a Los Angeles-based private investor...
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• Long Beach Apartment Property from 1953 Sells for $246k/Unit
7/08/16
Bluff Park Apartments, a 12-unit multifamily property in the prime Alamitos Beach submarket of Long Beach, was acquired by Long Beach-based Seaward Road Enterprises LLC for $2.95 mil, or $245.8k/unit. It was sold by San Fran...
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• Downtown Fremont’s First Mixed-Use Project Gets Underway
7/08/16
Work has begun on Locale @ State Street, downtown Fremont’s first mixed-use project. The new transit-oriented residential and retail project is being developed by a public/private partnership between the City of Fremont, TMG ...
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• TruAmerica Spends $80 Mil on 644-Unit AZ Res Community
7/08/16
TruAmerica Multifamily has closed its largest investment to-date in Arizona, paying $80.9 mil for Scottsdale Springs, a 644-unit ($125.6k/unit) institutional quality multifamily community in Downtown Scottsdale. TruAmerica a...
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• Redwood Capital Advisors Picks Up 220-Unit Res Asset in Colorado
7/07/16
Redwood Capital Advisors has acquired Newport Village, a 220-unit rental community situated at 8901 Colorado Blvd in Thornton, CO. The asset was sold by Seagate Newport Associates LLC. The property is located fifteen minutes ...
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