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• Meta Housing Corp Starts Work on Affordable Housing Project in the West San Fernando Valley
4/29/24
Meta Housing Corp has broken ground on a new 238k square-foot, seven-story affordable housing apartment complex in the western San Fernando Valley community of Woodland Hills. The project is being built by R.D. Olson Construc...
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• Sacramento Gets Its First Build-To-Rent Affordable Housing Project
4/26/24
A new affordable, workforce housing development in Sacramento, Tanzanite Homes, is the city’s first Build-To-Rent (BTR) single-family home community and the first to add a mix of Accessory Dwelling Units (ADU.) Offering 211 h...
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• Bay Area Res Community Gets Recapitalized in Deal that Values the Asset at $45 Mil
4/25/24
Interstate Equities Corporation (IEC) has recapitalized The Gates at Marina, a 136-unit multifamily garden-style community in Marina, CA. The deal gives a co-mingled fund advised by New York-based Clarion Partners a majority ...
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• Work Wrapping Up on New 254-Unit Res Tower in San Francisco’s Mission Rock Neighborhood
4/25/24
Verde, a new 254-unit multifamily development in San Francisco’s Mission Rock neighborhood, has been completed and has now begun leasing. Located at 1070 Bridgeview Way, south of Oracle Park and just steps away from China Bas...
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• MBK Rental Living Wraps Up Work on New 389-Unit Res Community in Silicon Valley
4/24/24
Vida at Morgan Hill, a new, Class A, 389-unit, three-story residential community in the Silicon Valley city of Morgan Hill, has been completed and is now leasing. The project, a development of MBK Rental Living, consists of o...
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• Seattle Multifamily Property Sells for $258k/Unit
4/24/24
James Bon Apartments, a freestanding, three-story multifamily building plus basement located in the popular urban hub of 85th and Greenwood in north central Seattle, sold for $3.1 mil, or $258k/unit. The property is located a...
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• Grubb Properties Obtains $20 Mil for Three SoCal Retail to Res Conversions
4/23/24
Bolour Associates has provided over $20 mil in debt financing for the redevelopment of three Southern California retail projects. Upon redevelopment, the sites will deliver 375 new apartment units by North Carolina-based Grub...
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• Advanced Real Estate Creates an Investment Alternative to a 1031 Exchange
4/23/24
Advanced Real Estate has launched a new investment alternative to the 1031 tax deferred exchange, called the X Fund. Since August 2023, Advanced has joined together the owners of $50 mil of smaller properties. Advanced will u...
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• Orange County Multifamily Property Trades in $10 Mil Deal
4/22/24
A private investor paid just over $10 mil for a 30-unit multifamily community in Westminster, CA in a deal said to be the city’s largest multifamily sale in the past 12 months. The buyer was an OC-based 1031 exchange investor...
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• Community Preservation Partners Acquires 42-Unit Affordable Housing Project in El Centro, CA
4/22/24
CPP (Community Preservation Partners) has acquired Euclid Villas, a 42-unit multifamily property in El Centro, CA, with plans to renovate and retain the asset as an affordable housing project. Built in 1982, Euclid Vill...
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• Downtown Burbank to Gain Almost 1,000 Housing Units and Hotels as the City’s CBD Continues to Evolve
4/22/24
Burbank’s vibrant downtown core is evolving as a sought-after mixed-use environment with the coming addition of close to 1,000 housing units and hotels. These new developments are part of an overall strategy to improve the ci...
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• Phoenix Multifamily Property Comps at $194k/Unit
4/19/24
Arcadia Gardens, a 76-unit apartment community in Phoenix, traded hands in a recent $14.75 mil ($194k/unit) deal. Originally built in 1969 as a hotel, the property, located at 3101 N 32nd St, was readapted to multifamily use ...
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• Decron Properties Picks Up Res Community in $69 Mil Transaction
4/18/24
Decron Properties has acquired Hangar at Thunderbird, a 266-unit gated luxury multifamily community located in Glendale, AZ, for $69 mil.
The acquisition was the upleg of a 1031 exchange following the firm’s disposition of t...
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• Costa Mesa Multifamily Asset Sells for $479k/Unit
4/16/24
A private investor paid $5.75 mil for Ebtide, a 12-unit ($479k/unit) multifamily property in Costa Mesa. Built in 1960 and renovated in 2022, the 7.6k sf, two-story, two-building apartment community sits on 0.29 acres at 1993...
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• Multifamily Community in the East Bay Area Traded Between Private Investors in $9 Mil Deal
4/15/24
California Villas, a 35-unit multifamily community in the East Bay Area city of Concord, traded hands for $9.15 mil ($261.4k/unit). A private buyer purchased the asset from a local private investor.
Located at 1621 Detroit A...
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• California Landmark Group Wraps Up Work on Res Project in L.A.’s Silver Lake Neighborhood
4/15/24
California Landmark Group (CLG) has finished work on the 100-unit M1byCLG (M1), the largest multifamily development in Los Angeles’ Silver Lake submarket since 2015.
M1 represents California Landmark’s entry into one of Lo...
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• The Bascom Group Picks Up 72-Unit Senior Housing Property in Nevada
4/15/24
The Bascom Group LLC has acquired Homestead at Boulder City, a 72-unit, senior housing property in Boulder City, NV, for $3.05 mil ($42.4k/unit). Built in 1999, Homestead is located at 1401 Medical Park Dr, south of Adams Bl...
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• AEW Capital Management Buys 376-Unit Multifamily Property in Ventura County
4/12/24
AEW Capital Management has acquired Ranch at Moorpark, a 376-unit multifamily community in the Ventura County city of Moorpark, in a $133.2 mil ($354k/unit) transaction. The property is located at 51 Majestic Court, roughly 5...
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• Cityview Wraps Up Work on Apartment Project in L.A.’s Historic Filipinotown
4/11/24
Cityview has completed work on Belle on Bev – a 243-unit mixed-use project in Los Angeles’ Historic Filipinotown (HiFi). Now leasing, Belle on Bev features modern apartments stylized with art deco design inspired by the area’...
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• New 359-Unit Houston Res Development has Opened to the Public
4/05/24
The Laura, a new 359-unit apartment development in Houston, has opened to the public. The project is part of the first phase at Midway’s East River campus that is transforming Houston's waterfront east of downtown into a bust...
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