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• Bellflower Apartment Building Sells for $250k/Unit
8/22/24
In a recent LA-area multifamily sales comp, an eight-unit property in Bellflower traded for $2 mil, or $250k per unit. The buyer was a private 1031 exchange buyer from Newport Beach.
Located at 9108 Palm St, the 7.6k sf res...
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• Three Multifamily Properties in East Los Angeles Fetch a Combined $3.2 Mil
8/21/24
A three-property, nine-unit multifamily portfolio located in the East Los Angeles and neighboring Boyle Heights areas of L.A. traded for $3.2 mil, or $355.6k/unit, in sales to three buyers. The deals closed at a combined cap ...
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• Berkeley Student Housing Project Lands $30 Mil in Construction Money
8/19/24
Panoramic Interests has secured $30 mil in construction financing for The Northside, a 73-unit student housing project at 1752 Shattuck in Berkeley.
The Northside, now under construction, is situated in the city’s desirable...
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• South OC Senior Living Community Secures $52 Mil Refi Loan
8/19/24
Atria Newport Beach, a 168-unit senior living community located in Newport Beach, was refinanced with a new loan for $52 mil. The property is owned by a partnership between a national REIT and Atria Senior Living.
Atria New...
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• Hines, Trez Capital and the Furst Family Purchase 90 Acres in Texas for Master-Planned Community
8/16/24
A venture between Hines, Trez Capital and the Furst Family has acquired the initial 90 acres of what will become Furst Ranch, an expansive master-planned community in Denton County, TX. The project, located outside of Dallas ...
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• Vista Multifamily Property Fetches $239/sf
8/15/24
Pine View Apartments, a 59-unit multifamily property in the North San Diego County city of Vista, sold for $14.1 mil ($239/sf). Built in multiple phases between 1964 and 1973, the same family has held ownership of the complex...
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• OC Multifamily Sale Works Out to $278k/Unit
8/14/24
An eight-unit multifamily property in Garden Grove was purchased by an OC-based private investor for $2.23 mil, or $278.1k/unit. The property features seven one-bedroom units and one two-bedroom unit, all of which were recent...
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• Intracorp Buys Res Development Site in the City of Orange
8/14/24
Intracorp paid $12.25 mil for a 2.7-acre parcel in the City of Orange. The company plans to build 49 two- and three-story single-family small lot homes on the site, located at 901 E Katella Ave.
The site is situated in a pri...
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• Continental Realty Assets Ltd Completes $27 Mil Multifamily Buy in Las Vegas
8/13/24
Continental Realty Assets Ltd (CRA) has picked up Villa Del Rio Apartments, a 168-unit multifamily community in Las Vegas, for $27 mil, or $160.7k/unit. CRA, a subsidiary of Continental Realty Group, is a Denver-based multifa...
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• BMC Investments Closes on 351-Unit Colorado Res Buy
8/12/24
BMC Investments purchased Advenir Del Arte Apartments, a 351-unit apartment community in Aurora, CO. Located at 151 S. Joliet Circle, Advenir Del Arte Apartments is a 17-building, garden-style apartment community built in 198...
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• Waterford Property Company and The Vistria Group Pick Up 299-Unit Multifamily Property in Dallas
8/09/24
Waterford Property Company and The Vistria Group have acquired Axis Kessler Park, a 299-unit, garden-style Class A multifamily community in Dallas. The joint venture purchased the property, located at 2400 Fort Worth Ave, in ...
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• Upscale Phoenix Multifamily Community Sells for $79 Mil
8/08/24
Alta North Central, a 229-unit Class A multifamily community located in north central Phoenix, traded hands in a $79 mil ($345k/unit) transaction. Built in 2020, Alta North Central is located at 777 E Stella Lane.
The commun...
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• Equity Residential Buys 11 Res Properties from Blackstone Real Estate for $964 Mil
8/08/24
Equity Residential has agreed to acquire 11 apartment properties in Atlanta, Dallas/Ft. Worth and Denver from Blackstone Real Estate strategies in separate transactions totaling $964 mil. The properties being traded total 3,5...
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• Optimus Properties Spends $12 Mil on Washington Res Property
8/07/24
Optimus Properties LLC purchased a 70-unit apartment community in Beaverton, OR in a $12.01 mil ($171.5k/unit) transaction. The property sits on 2.22 acres of land at 4925 Jamieson Rd, in the city’s desirable Raleigh Hills ne...
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• Two San Diego Development-Ready Sites Trades in Deals Totaling $3.3 Mil
8/07/24
We’ve learned of two permit-ready land development sales in San Diego’s Barrio Logan and North Park urban neighborhoods to share with you. In one deal, a 4.9k sf lot at 1950 Kearney Ave in Barrio Logan traded for $1.35 mil. T...
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• San Fernando Valley Multifamily Asset Sells for $300k/Unit
8/07/24
Pinetree Terrace Apartments, a 58-unit multifamily community in the central San Fernando Valley community of Reseda, traded hands in a $17.6 mil ($303k/unit) deal. Built in 1978 and on the market for the first time, Pinetree ...
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• Cityview and Wafra Buy New Res Community in L.A.’s Silver Lake Neighborhood
8/06/24
Cityview and Wafra have acquired Silva, a newly constructed 221-unit, Class A multifamily community in the Silver Lake neighborhood of Northeast Los Angeles. Situated on a hilltop that provides 360-degree views of the city, S...
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• Multifamily Property in L.A.’s Koreatown Sells for $223k/Unit
8/05/24
A 19-unit multifamily property in Los Angeles’ Koreatown neighborhood traded for $4.24 mil, or $223k/unit. We’re told that the sale marks the highest price per unit in 2024 for properties of similar size and vintage in the ar...
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• Brixton Capital Picks Up 114-Unit Colorado Res Community
8/05/24
Brixton Capital has acquired Parkside at Littleton Village, a 114-unit boutique apartment community located at 300 E. Fremont Place in Littleton, CO. Built in 2022, Parkside at Littleton Village offers a mix of large floorpla...
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• Meta Housing Corporation and the Foundation for Affordable Housing Start Work on Long Beach Affordable Housing Community
8/02/24
Meta Housing Corporation and the Foundation for Affordable Housing have broken ground on the development of 1400 Long Beach, a new affordable housing community minutes from Downtown Long Beach, and directly adjacent to public...
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