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• San Francisco’s Historic Humboldt Bank Building to be Transformed from Office Space to Workforce Housing
10/18/24
San Francisco’s historic Humboldt Bank office building is set to undergo a transformation from underutilized office space into desperately-needed workforce housing. The renovation, located at 785 Market St, is a project of Fo...
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• Apartment Building in L.A.’s Castle Heights Area Sold for Just Over $200k/Unit
10/18/24
An 11-unit multifamily property at 3280 Provon Lane, just north of National Blvd, in the Castle Heights neighborhood of Los Angeles sold for $2.35 mil, or $213.6k/unit.
The property, which includes a non-conforming unit, of...
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• OC Multifamily Property Goes for $266k/Unit in an Off-Market Transaction
10/17/24
A 10-unit multifamily property at 3926 Franklin Avenue in Fullerton was purchased by a private investor for $2.665 mil in an off-market transaction. The deal comes in at $266.5k/unit and $360/sf.
Built in 1985, the two-story...
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• High Street Residential Starts Work on Millbrae Residential Development
10/17/24
High Street Residential (HSR), the residential subsidiary of Trammell Crow Company, has commenced construction on One Meadow Glen, a new residential community in Millbrae, a Bay Area city situated about 15 miles south of San ...
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• Bolour Associates to Develop 61-Unit Res Project in East Hollywood’s Melrose Hill Neighborhood
10/16/24
Bolour Associates Inc has secured entitlements to build a seven-story, for-rent residential apartment building in East Hollywood’s Melrose Hill neighborhood.
Located at 4800 W. Melrose Ave in Los Angeles, the project will i...
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• Gortikov Capital Buys Affordable Housing Portfolio in Santa Monica for $120 Mil
10/15/24
Gortikov Capital has acquired, Samo Collection, a portfolio of 399 income- and rent-restricted affordable housing units across 11 buildings in the City of Santa Monica, for $120 mil.
Gortikov Capital plans to undertake targ...
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• PCCP LLC Picks Up 13-Acre TX Site for Res Development
10/15/24
PCCP LLC has acquired 13-acre parcel of land for the construction of Skymor at Pearland, a Class A, 109-unit built-for-rent gated townhome community located on Old Chocolate Bayou Rd in Pearland, TX. A Houston-based single-fa...
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• Legacy Partners and Silverpeak Real Estate Partners Start Work on 240-Unit Res Project in Washington
10/15/24
Construction has started on Legacy at University Place, a 240-residence apartment community coming to University Place, WA. The project is a venture of Legacy Partners and Silverpeak Real Estate Partners, who recently closed...
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• Universe Holdings Refinances Three SoCal Res Properties
10/14/24
Universe Holdings (Universe) has refinanced three of its SoCal multifamily properties with fixed-rate financing which will add approximately $100k sf a month in additional property cash flow.
The three new separate, five-yea...
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• Oakland Apartment Property Sells for $293k/Unit
10/11/24
A 29-unit multifamily asset in Oakland sold for $8.5 mil, or $293k unit. The property is located at 765 Rand Ave, in Oakland's Lakeshore neighborhood between Lakeshore and Grand Avenues.
The property offers tenants access t...
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• Pacific Urban Investors Buys Milpitas Res Community
10/11/24
Here’s news of a large multifamily trade in Silicon Valley, Ascend Apartments, a 266-unit multifamily community in Milpitas, was acquired by Pacific Urban Investors in a recent off-market transaction said to be worth about $...
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• Sunnyvale Mixed-Use Development Celebrates Official Grand Opening
10/11/24
Cityline, a new transit-oriented, mixed-use destination in downtown Sunnyvale, celebrated its official grand opening this month. The project is a development of STC Venture LLC, a joint venture between affiliates of Hunter Pa...
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• Zekelman Industries Entity Buys 20-Acre Site in San Tan Valley, AZ for Res Development
10/11/24
Z Modular, a division of Zekelman Industries, purchased a 20.45-acre development site in San Tan Valley, AZ for $14.4 mil. The buyer intends to build a 318-unit multifamily project on the land.
The San Tan Valley land site s...
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• Sargard Real Estate Spends $77 Mil on AZ Multifamily Community
10/10/24
In a recent AZ apartment buy, Sargard Real Estate acquired Trovita Rio, a 209-unit core apartment community located in Tempe. Although a price was not given out, sources tell us that the property traded for around $77 mil, or...
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• Laguna Beach Apartment Property Goes for $425k/Unit
10/10/24
Laguna Terrace, a 12-unit multifamily property at 2200 S. Coast Highway in Laguna Beach, was acquired for $5.1 mil ($425k/unit) by a private investor. The property comprises four separate buildings across three adjacent lots,...
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• Raintree Partners Agrees to 99-Year Ground Lease of One-Acre Property in San Diego’s Bankers Hill Area
10/09/24
Raintree Partners agreed to a 99-year ground lease for a 1.06-acre commercial site in San Diego’s Bankers Hill neighborhood. The property, located at 411 Ivy St, includes an adjacent parking lot
The four-parcel property ass...
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• Renovated Costa Mesa Apartment Property Fetches $375k/Unit
10/08/24
Hamilton Cove, a newly renovated 15-unit multifamily property in Costa Mesa, traded for $5.625 mil ($375k/unit). Originally constructed in 1964, the two-story, 9.4k sf multifamily building sits on a 0.45-acre lot at 560 Hami...
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• Visionary Developments Buys 10k sf of Land in East Hollywood
10/07/24
Visionary Developments, run by Tobias and Terry Harris, paid $1.9 mil for a 10k sf double lot in L.A.’s East Hollywood submarket. The asset traded for $190.27 per square foot of land.
The property is located at 4541- 4545 S...
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• Pacific West Communities Buys Santa Cruz County Development Site
10/04/24
Pacific West Communities Inc has acquired a 2.58-acre undeveloped site at 41st Ave and Soquel Dr in Soquel, CA for $10.35 mil. Pacific West, with development partner Linc Housing, plans to construct a new 289-unit residential...
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• Apartment Building in L.A.’s Echo Park Area Goes for $290k/Unit
10/04/24
In a recent L.A. multifamily comp, a five-unit apartment property in L.A.’s Echo Park area sold for $1.45 mil, or $290k/unit and $529/sf. The property is located at 1859 Echo Park Ave, north of Sunset Blvd and east of Glendal...
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