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• Multifamily Property in San Diego’s South Mission Beach Neighborhood Trades for $575k/Unit
3/06/25
The Mariner, a 16-unit beachfront multifamily complex located at 2801 Ocean Front Walk in San Diego’s South Mission Beach neighborhood, was traded in a $9.2 mil ($575k/unit) transaction. Constructed in 1962 by the seller’s fa...
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• Bascom Group Closes $127 Mil Purchase of Rancho Palos Verdes Res Community
2/28/25
The Bascom Group LLC has acquired Highridge Apartments, a 257-unit, value-add apartment community in the highly desirable SoCal coastal city of Ranchos Palos Verdes, in a $127 mil ($494k/unit) transaction. The property is loc...
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• Two Seattle Apartment Sales Generate $7 Mil
2/27/25
Two multifamily assets in Seattle’s Capitol Hill and Magnolia neighborhoods traded hands in recent deals totaling roughly $7 mil. The properties were sold by different sellers in separate transactions. Cushman & Wakefield’s T...
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• Paso Robles Build-to-Rent Development Lands $116 Mil Refinancing
2/27/25
Adam Tancredi has obtained a $116.2 mil refi loan for the development of 214 build-for-rent homes located on 17 acres of land at 3138 Linne Road in Paso Robles, CA. The loan refinanced the existing acquisition debt, facilitat...
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• Multifamily Community in Modesto Fetches $276.5k/Unit
2/25/25
Summerview Apartments, a 136-unit multifamily property in California’s Central Valley, traded hands in a $37.6 mil ($276.5k/unit) transaction. The gated community is located at 3601 Prescott Rd, east of Hwy 99 and north of Hw...
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• Toll Brothers Picks Up 119 Single-Family Dev Lots in Palm Springs Master-Planned Community
2/25/25
Toll Brothers has acquired 119 single family lots on 19.75 acres within Escena Palm Springs, a master-planned community SunCal in Palm Springs. This transaction marks the latest collaboration between SunCal and Toll Brothers,...
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• Commercial Real Estate Financing Briefs
2/21/25
CBRE - Mike Walker, Jesse Weber, Andrew Behrens and Brad Zampa with CBRE’s Debt and Structured Financing team arranged $25 mil in financing for 88 Hillside Apartments, a 95-unit multifamily community in Daly City, on behalf o...
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• NexMetro Portfolio of Eight Assets Recapitalized with $66 Mil of Preferred Equity and $206 Mil of Agency Money
2/21/25
A portfolio of eight NexMetro assets has been recapitalized with Stockbridge investing $65.9 mil of preferred equity along with existing assumable agency financing of $206 mil. The transaction allows NexMetro to return capita...
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• Seattle Multifamily Asset Trades in $42 Mil Deal
2/20/25
Metro on First, a 106-unit apartment community in Seattle’s highly sought-after Queen Anne neighborhood, has sold for $42.6 mil, or $402k per unit. The property is located at 215 First Avenue W, just a couple of blocks in fro...
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• Upscale Res Project Finished in Mountain View
2/20/25
Avelle, a new upscale apartment community at the gateway to Mountain View in the Bay Area, has been completed and is now open. The 203-unit project, situated in the heart of Silicon Valley, includes 30 affordable homes. It wa...
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• Apartment Property in L.A.’s Koreatown Sells for $108k/Unit
2/20/25
A private investor paid $4.35 mil for a 40-unit apartment building in Los Angeles’ Koreatown neighborhood. The property is located at 520 S. Hobart Blvd, north of Wilshire Blvd and east of Western Ave.
The property sits in o...
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• Affordable Housing Project in Buena Park Breaks Ground
2/20/25
C&C Development and Riverside Charitable Corporation have broken ground on Lincoln Avenue Apartments, an affordable housing community in Buena Park that will serve families and veterans in need. Planned for four, three-story ...
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• Continental Realty Group Entity Pays $230k/Unit for AZ Res Community
2/19/25
Copper Point Apartments, a 107-unit multifamily community in Mesa, AZ, was purchased for $24.65 mil ($230.4k/unit) by Continental Realty Group, through its subsidiary Continental Realty Assets Ltd ("CRA"), a Denver-based mult...
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• Community Preservation Partners-Led Venture Acquires 60-Unit Affordable Housing Property in Bakersfield
2/19/25
CPP (Community Preservation Partners), in partnership with Bettencourt Properties and The Beneficial Housing Foundation, has acquired Sundance Apartments, a 60-unit affordable housing complex in Bakersfield. The venture...
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• Ontario Apartment Property Picked Up by Foreign Investor in $17.4 Mil Transaction
2/19/25
Willow Townhomes, a newly constructed 39-unit building in Ontario, was acquired by a foreign investor in a $17.4 mil ($446.2k/unit) deal. The property is located at 221 North Mountain Ave, south of I-10 and west of Euclid Ave...
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• New Affordable Housing Project for Transitional Age Youth Opens Its Door
2/18/25
The Aspire, a new 33-unit affordable housing community in the City of Riverside, has opened its doors. The community, a development of Innovative Housing Opportunities, is located at 3893 Third St, at the corner with Fairmoun...
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• San Francisco Res Project Lands $108 Mil in Structured Debt
2/11/25
Presidio Bay Ventures has obtained $108.3 mil in structured debt to retire maturing construction financing for the Ventana Residences, a 193-unit, Class A multifamily community located at 99 Ocean Ave in San Francisco’s Outer...
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• Clear Capital’s Scarlett Jia Tames Wins 2025 NMHC Young Guns Pitch Competition
2/10/25
Scarlett Jia Tames, Vice President of Acquisitions at Clear Capital, won the 2025 NMHC Emerging Leaders Young Guns Pitch Competition at the National Multifamily Housing Council (NMHC) Annual Meeting held at the ARIA Resort & ...
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• Work Completed on 97-Unit OR Res Project
2/10/25
Construction is now complete on Arts Plaza Apartments, a four-story, 97-unit mixed-use building in Gresham, OR. The $26 mil project, a development of Gibbins Kaplan Development and Capstone Partners, is located at 492 N.E. Se...
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• MG Properties Wraps Up $309 Mil Res Buy in Downtown San Diego
2/06/25
MG Properties recently completed its purchase of Park 12 Apartments, a 718-unit, 35-story high-rise residential community in downtown San Diego, in a $309 mil transaction. The property was sold by Greystar.
The acquisition c...
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