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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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• Tower 16 Capital Partners and Raith Capital Partners Buy 216-Unit Multifamily Property in Arizona
8/01/24
San Diego-based Tower 16 Capital Partners and Raith Capital Partners have acquired Ascend on Glendale, a 216-unit multifamily property located near the rapidly-growing Westgate Entertainment District of Glendale, AZ. The pric...
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• Comunidad Partners Buys 358-Unit Texas Res Community
8/01/24
Comunidad Partners has acquired Toscana Apartment Homes, a 358-unit multifamily community in northwest Austin, TX. The price was not disclosed.
Built in 2001, Toscana is located at 13355 US Highway 183. The community offers ...
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• Washington Res Community Sells in $34.75 Mil Deal
7/31/24
Woodstone Apartments, a 124-unit apartment community in Bothell, WA, traded hands in a $34.75 mil ($280k/unit) transaction. The asset was sold by Security Properties.
Built in 1989, Woodstone Apartments is located at 16520 N...
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• Nadia Geller Designs Wraps Up Interior/Exterior Design Installation at 123-Unit Res Development in L.A.
7/31/24
The interior and exterior design installation at The Parker, a seven-story multifamily development by Cityview in L.A.’s Pico-Robertson neighborhood, has been completed. The work was done by Nadia Geller Designs (NGD).
Loc...
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• Bolour Associates Acquires Retail Site on Fairfax Ave in L.A.’s Mid-Wilshire Area
7/30/24
Bolour Associates Inc has acquired a site with three retail buildings totaling 11.5k sf of space in L.A.’s Mid-city submarket for $6.04 mil. Bolour plans to repurpose the buildings for commercial uses, while long-term, BOLOUR...
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• Windy Hill Ventures Secures $105 Mil in Take-Out Financing on New Bay Area Res Development
7/30/24
Windy Hill Property Ventures has obtained $105 mil in construction takeout refinancing for Artisan Crossing, a newly developed, 250-unit multifamily community in the Bay Area city of Belmont. The loan was provided by Varde Pa...
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• Innovative Housing Opportunities and C&C Development Wrap Up Work on Carlsbad Affordable Housing Community
7/29/24
SoCal-based affordable housing developers Innovative Housing Opportunities (IHO) and C&C Development (C&C) have completed Pacific Wind, a new 89-unit affordable housing community that replaced 22 1950s era duplexes in the cit...
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• Western National Property Management Awarded 330-Unit Assignment in Palm Desert
7/26/24
Metonic Real Estate Solutions has awarded Western National Property Management (WNPM) the assignment to manage Millennium Apartments, a 330-unit luxury multifamily apartment community in Palm Desert, CA.
Ideally situated ami...
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• Phoenix Multifamily Property Trades for Just Under $200k/Unit
7/26/24
KDF Communities paid $12.6 mil for Corona Del Sol, a 64-unit ($197k/unit), garden-style apartment complex in Phoenix. The asset was sold by a private high-net worth seller.
Located at 27 E Corona Ave, Corona Del Sol benefits...
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• Trio of Pasadena Multifamily Properties Sold for $7 Mil in Two Deals
7/26/24
A family trust real estate entity collected $7 mil from the recent sales of three multifamily properties in Pasadena. The properties total 30 units and were sold in two separate transactions.
The portfolio was marketed as a...
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• Downtown Santa Ana Res Project Officially Opens to the Public
7/23/24
Rafferty, a new, eight-story luxury mixed-use apartment community in downtown Santa Ana, is finished and recently celebrated its grand opening. The 218-unit project, a development of Toll Brothers Apartment Living and joint v...
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• 1,000-Unit Res Portfolio Lands $128 Mil Refinancing
7/23/24
San Diego-based Tower 16 Capital Partners has secured a $128 mil refinancing of a four-property multifamily portfolio comprising nearly 1,000 units across California and Arizona. The new fixed-rate agency loans feature five-y...
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• Commercial Real Estate Financing Briefs
7/22/24
GANTRY -- Mike Wood and Alicia Sabanero with Gantry secured a $40 mil permanent loan to refinance The Mercer Apartments, on behalf of a private real estate investor. The multifamily property is located at 7650 SE 27th Street...
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• Phoenix Build-to Rent Project Lands $51 Mil in Construction Money
7/18/24
A 190-unit Build-to-Rent (BTR) development in Phoenix’s West Valley is closer to getting done thanks to new construction financing of $51.5 mil obtained by the project’s developer, Zen and 10Y. The non-recourse money was arra...
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