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• High Street Residential and Mitsui Fudosan America Start Work on 215-Unit Res Project in Scottsdale
1/15/25
High Street Residential (HSR) and JV partner Mitsui Fudosan America (MFA) have broken ground on a 215-unit, Class A, luxury residential community in Scottsdale, AZ. The project, which will have a formal name announced as cons...
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• Sunroad Secures New $188 Mil Loan on San Diego Res Community
1/14/25
Sunroad Enterprises has obtained a new, $188 mil loan for Vive Luxe, a 442-unit multi-housing community in San Diego. Vive Luxe, nestled at 4890 Sunroad Centrum Ln in the Kearny Mesa submarket, offers a prime location approxi...
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• Tower 16 Capital Partners Buys 167-Unit Build-to-Rent Community in Phoenix
1/09/25
San Diego-based Tower 16 Capital Partners has acquired Yardly McDowell, a 167-unit, Build-to-Rent (“BTR”) multifamily property located in Phoenix’s West Valley, for $46.5 mil ($278.4k/unit). The purchase marks the firm’s nint...
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• Pathfinder Partners Closes $28 Mil Seattle-Area Res Buy
1/08/25
Pathfinder Partners has acquired Sundance, a 105-unit apartment community in Washington, in a $28.15 mil ($268k/unit) transaction. The property is located at 210 27th Ave in Milton, a suburban neighborhood just south of Seatt...
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• Legacy Partners and DWS Start Work on Ontario Res Community
1/07/25
Legacy Partners and DWS Group have started construction on a 346-unit residence apartment community in Ontario. Located at 2510 S. Euclid Ave, the new community will consist of eight buildings (three to four stories tall) wit...
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• Construction Topped Out on 265-Unit Res Project in Gardena
1/02/25
Cityview and Stockbridge have topped out on Apollo, a 265-unit community in Los Angeles’ South Bay. The eight-story development’s wood framing is now complete, with the project on schedule to complete in 2025.
Apollo is loc...
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• San Diego Modular Affordable Housing Project Lands $112 Mil in Financing
12/30/24
Impact Housing and Verbena Road Holdings have obtained $112.225 mil in financing for the development of Mission Gorge, a modular, affordable housing multifamily development in San Diego. The financing consists of an $85.225 m...
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• Cityview Buys 112-Unit Res Property in Hollywood
12/27/24
Cityview has acquired Candela, a 112-unit value-add res property nestled in the Hollywood Hills and Franklin Village neighborhood of Los Angeles. The three- and four-story multifamily project features spacious one- and two-be...
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• Bay Area Res Community Trades in $200 Mil Transaction
12/26/24
In an institutional-level, end-of-year NoCal multifamily trade, Interstate Equities Corporation acquired Summerwood Apartments, a 468-unit multifamily property in Santa Clara, in a transaction valued at $203.15 mil, or $434k/...
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• Oregon Multifamily Community Traded for Over $29 Mil
12/24/24
Barclay Village, a 146-unit, garden-style multifamily community in Oregon City, OR, traded hands in a $29.2 mil ($200k/unit) deal. The property, located at 775 Cascade St, was built in 1987 and has been undergoing extensive r...
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• Oceanside Apartment Portfolio Sells in Four Deals Totaling $14.5 Mil
12/23/24
A 27-unit multifamily portfolio in Oceanside has sold in multiple transactions totaling $14.5 mil. The portfolio consists of five parcels that were sold in four transactions to separate buyers.
The properties are located at...
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• Two Alameda County Multifamily Trades Total $34 Mil
12/23/24
We’ve got news of two multifamily community sales in NoCal’s Alameda County for a combined price tag of $34 mil. The properties that traded are Vista Del Sol in Pleasanton and Islander Apartments in Alameda.
In the larger d...
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• West Hollywood Apartment Property Trades for $252k/Unit
12/20/24
A 40-unit multifamily property in West Hollywood traded for $10.1 mil, which works out to $252k per unit and $397/sf. The property, located at 1260 Hayworth Ave, was acquired by Festival Companies.
Nestled between Sunset Blv...
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• Recently Completed AZ Res Community Gets New Owner
12/19/24
Smith & Rio, a 310-unit luxury multifamily community located in Tempe, AZ, traded hands. The project, located at 1979 E. Rio Salado Pkwy, was built and sold by a partnership between PGIM Real Estate and High Street Residentia...
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• Denver Manufactured Home Community Trades for $62 Mil
12/18/24
Denver Cascade, a 382-space manufactured home community in Denver, sold for $62 mil ($162.3k/space), making it the highest-price manufactured housing community (MHC) sale in Colorado’s history and the largest non-coastal MHC ...
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• Western National Group-Led Venture Buys 158-Unit Res Community in Riverside
12/17/24
Western National Group has purchased Vista Imperio, a 158-unit garden-style multifamily community in Riverside, in a joint venture partnership with Sagard Real Estate, ArrowMark Partners and WNG. The price was not disclosed.
...
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• Res Community in Seattle Sells for $105 Mil
12/16/24
AVA Ballard, a 265-unit multifamily community in Seattle, has traded hands in a recent transaction worth $105.5 mil, or $398k/unit. The asset, located at 5555 14th Ave. NW, was sold by AvalonBay Communities.
AVA Ballard, bui...
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• New Denver Res Tower from Legacy Partners and Pacific Life Begins Leasing
12/13/24
Leasing has begun at Araceli, a 236-residence, Class A, NGBS Green-Certified Gold residential high-rise in Denver, with the first move-ins slated for March 2025. The new project was developed by Legacy Partners, in a venture ...
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• ORKA Holdings Buys 15-Unit Apartment Property in Oceanside
12/13/24
In a recent multifamily comp from north San Diego County, ORKA Holdings purchased El Jugador, a 15-unit property in Oceanside. Although we don’t have the price, we can tell you that the purchase was financed with a $4 mil acq...
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• Bascom Group Acquires 92-Unit Res Property in Seattle’s Belltown Neighborhood
12/13/24
The Bascom Group LLC has acquired 2300 Elliott, a 92-unit multifamily community in Seattle’s Belltown area. The price was not immediately given out.
Built in 1992, the property features a five-story residential building situ...
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