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• Historic Mixed-Use Property in Southwest Portland Sells for $2.3 Mil
5/10/16
Northwest Communities LLC purchased the Corbett Building, an historic, mixed-use building in southwest Portland, for $2.25 mil. The property is located at 5901-5915 Corbett Ave, a few blocks away from the busy thoroughfare of...
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• Escondido Multifamily Asset Trades for $16.5 Mil
5/10/16
In a San Diego area multifamily investment buy, Vista International Inc purchased Estancia Apartments, a 100-unit asset located at 725 N. Fig St in Escondido, less than a mile from the city’s downtown. The property was sold b...
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• Newmark Realty Capital Arranges $23 Mil in Construction Money for Santa Cruz Mixed-Use Project
5/09/16
Newmark Realty Capital has arranged $22.9 mil in construction financing for 555 Pacific, a ground up mixed-use development in Santa Cruz. The property, currently under construction with an anticipated completion in late 2017,...
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• Exchange Investor Spends $40 Mil on SoCal Res Portfolio
5/05/16
An LA-based private investment entity paid $40.5 mil for a multifamily portfolio that includes eight buildings with 484 units ($84k/unit) spanning three SoCal counties.
All of the properties sold are considered to be value-...
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• TruAmerica Multifamily and Investcorp Close $57 Mil Phoenix Res Buy
5/04/16
TruAmerica Multifamily and institutional capital partner Investcorp have acquired Little Cottonwoods, a 379-unit multifamily community in Tempe, AZ for $56.7 mil ($150k/unit). This is the third and largest multifamily investm...
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• 1031 Exchange Investor Purchases Panorama City Apartment Property for $170k/Unit
5/04/16
A 35-unit multifamily property in the eastern San Fernando Valley community of Panorama City sold for $5 mil, or $170k/unit. The buyer had already owned the property next door and was in the middle of a 1031 Exchange, which h...
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• Trion Properties Completes Repositioning of 41-Unit LA Apartment Community
5/03/16
Trion Properties has repositioned and rebranded The Eleanor, a 41-unit 1920’s boutique apartment community in Los Angeles, more than tripling the firm’s equity in the asset since its acquisition in 2013. The Eleanor is locate...
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• Santa Ana Res Property Changes Hands in $10.8 Mil Deal
5/02/16
A 70-unit multifamily asset in the Flower Park section of Santa Ana has traded for $10.8 mil, or $154.3k/unit. Santa Anita Prop LP, a partnership associated with Landmark Realty & Property Management, Los Angeles, acquired th...
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• The Bascom Group and Oaktree Capital Management Buy 4,918-Unit Vegas Res Portfolio
4/29/16
Houston-based Camden Property Trust has collected $630 mil from the sale of its Las Vegas multifamily portfolio, consisting of 15 properties with a combined 4,918 units. The portfolio included a single retail center and about...
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• National Median Price for Owner-Occupied Homes has Flattened
4/28/16
HomeUnion, an online real estate investment management firm and data provider enabling value investing in residential properties, has released March 2016 data on the flattening U.S. housing market. According to HomeUnion’s re...
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• MODA at Monrovia Station Project to Add 261 Res Units Adjacent to New Metro Gold Line Station
4/26/16
A venture of Legacy Partners, Griffin Capital and Silverpeak Real Estate Partners has inked a ground lease on a 2.81-acre parcel in Monrovia, adjacent to the recently opened Monrovia Station. The partnership plans to use the ...
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• California Landmark Group Picks Up 120-Unit Res Property in LA’s Koreatown District
4/26/16
California Landmark Group (CLG) has acquired Lafayette Park Apartments, a 120-unit apartment community in the Koreatown district of Los Angeles. The property was sold by a private investor in an off-market transaction valued ...
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• Pacific Urban Residential Pays $185k/Unit for OR Res Community
4/25/16
Pacific Urban Residential closed on a notable Oregon res buy, having paid $25.35 mil for Spyglass Hill, a 137-unit ($185k/unit), garden-style multi-housing community in Beaverton. The property was sold by
Hamilton Zanze.
...
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• Chelsea Investment Corporation Buys Four-Acre San Diego Property
4/25/16
A four-acre property in San Diego that currently includes a 16.8k sf retail center sold for $6.575 mil. The property, located at 7811 Mission Gorge Road, east of I-15 and north of I-8, was purchased as a redevelopment opportu...
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• Sterling Real Estate Holdings Buys 145-Unit Texas Res Property
4/22/16
Sterling Real Estate Holdings, a joint venture between Barker Pacific Group (BPG) and Pacific Real Estate Partners (PREP), has acquired Chestnut Park Apartments, a 145-unit apartment complex in San Antonio. The property is si...
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• Investor Spends $175k/Unit for Pasadena Res Asset
4/22/16
Fair Oaks Apartments, a 21-unit apartment complex in Pasadena, was acquired by a private investor in a recent $3.7 mil transaction ($175.2k/unit). The property, located at 1730 N Fair Oaks Ave, north of Washington Blvd and th...
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• High-End Res Condo Project Slated for Newport Beach
4/20/16
Newport Center Anacapa Associates LLC has announced plans to build 150 Newport Center, a seven-story, 49-unit luxury residential condominium development located at Newport Center Dr and Anacapa Dr, adjacent to Fashion Island....
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• CA Homes Sales Pick Up in March
4/19/16
California home sales rose from both the previous month and year to post the highest sales pace in six months, while strained housing supplies continued to push home prices higher, according to the latest figures from the Cal...
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• Renovated Santa Monica Apartment Building Sells for $420k/Unit
4/18/16
A 10-unit apartment property in Santa Monica sold for $4.2 mil, or $420k/unit. The property, located at 1846 10th St, north of Pico Blvd and east of Lincoln Blvd. The transaction closed at cap rate of 3.6 percent.
Built in 1...
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• Trio of Portland Apartment Properties Fetch $9 Mil
4/18/16
John Evilsizor Realty, a real estate company based in Danville, CA, has acquired three Portland apartment properties, totaling 41 units, for $9.05 mil as the upleg of a 1031 exchange.
The three properties, built within the ...
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