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• Long Beach Multifamily Property Fetches $337k/Unit
2/22/24
An eight-unit multifamily property in Long Beach sold for $2.7 mil ($337.5k/unit) in the asset’s first trade since it was built nearly 40 years ago. Built in 1985, the 8.4k sf apartment building is located on a 6k sf lot at 2...
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• Res Community in Bend, OR Trades in $57 Mil Deal
2/21/24
Outlook at Pilot Butte, a 205-unit multifamily community in Bend, OR, traded hands in a $57.5 mil ($280.5k/unit) transaction.
The garden-style community was built in 2017 and is located at 2001 NE Linea Drive. It comprises t...
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• Dominium to Start Work on Two Affordable Housing Projects in Glendale
2/21/24
Dominium and its development partners are about to break ground on two affordable housing projects in Glendale. The developments - 67 Flats and Juniper Square – are situated on adjacent sites and will total 605 units.
The tw...
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• Residents are Moving into New Kennedy Wilson Master-Planned Res Community in Camarillo
2/21/24
Anacapa Canyon, a new master-planned community developed by Kennedy Wilson in Camarillo, has been completed with the first residents moving in. The development consists of 310 market-rate apartments, 109 for-sale homes, 170 i...
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• Brixton Capital Completes $124 Mil Multifamily Buy in Colorado
2/20/24
Brixton Capital purchased The Windsor, a 352-unit, two-story townhome and apartment community in Lakewood, CO, in a $124.25 mil ($353k/unit) transaction. The asset was sold by Boston, MA-based TA Realty. the deal was financed...
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• San Fernando Valley Res Property Refinanced with $12 Mil Loan
2/19/24
Laurel Canyon Apartments, a 46-unit multifamily property in the eastern San Fernando Valley community of Valley Village, was refinanced with a new loan for $12.1 mil.
Built in 2022, the property is located at 5501-5513 Laur...
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• 32-Unit WA Res Property Sells for $7.3 Mil
2/16/24
A local family investment entity acquired Stratford Square Apartments, a 32-unit multifamily property in Burien, WA, for $7.285 mil ($227.7k/unit). The property is located at 12707-12733 13th Lane SW, immediately off SW 128th...
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• Legacy Partners and The Resmark Companies Underway on Two SFR Build-to-Rent Communities in Texas
2/16/24
Legacy Partners and The Resmark Companies are developing two single-family, build-to-rent communities in the fast-growing northern Dallas suburbs. These include Highland, comprising 133 homes in the Collin County city of Meli...
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• Deacon Development is Wrapping Up Work on Three OR Multifamily Developments
2/16/24
Deacon Development is nearing completion on three new Portland and Salem, OR-area multifamily communities – Rivenwood, Merx and Paceline. The projects will add 352 res units to the greater Portland and Salem areas, filling a ...
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• ColRich Multifamily Wraps Up 318-Unit Res Buy in Colorado
2/15/24
San Diego-based ColRich Multifamily acquired Belmar Villas, a 318-unit apartment community in Lakewood, CO. The property is located at 700 S. Reed Ct, east of Hwy 121 and south of Alameda Ave.
Built in 1970, Belmar Villas is...
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• Arizona Mobile Home Park Project Lands $13 Mil Construction Loan
2/14/24
Victoria Farms, a to-be-built 305-pad mobile home park (MHP) community in Lake Havasu City, is closer to completion as the project’s developer has secured a new $13 mil construction loan for the development. Lake Havasu City,...
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• Apartment Property in L.A.’s Koreatown Trades for $200k/Unit
2/14/24
Catalina Tropics, a 32-unit apartment complex in Los Angeles’ Koreatown neighborhood, traded hands in a recent $6.35 mil ($198k/unit) transaction.
The complex, located at 455 S Catalina St, is situated within a serene, tree...
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• Gelt Venture Partners Buys 252 Units in Denver for $68 Mil
2/14/24
Gelt Venture Partners LLC (GVP) has acquired Allure Apartments, a 252-unit apartment property in Denver, for $68.25 mil ($271k/unit). The property is located at 1300 S. Willow St, on the northeast side of Hwy 83.
Built in 2...
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• San Fernando Valley Senior Housing Facility Sells at $117k/Bed
2/12/24
A 201-bed senior housing facility in the central San Fernando Valley was acquired for $23.5 mil ($117k/bed) by an entity of California Healthcare & Rehabilitation Center, who was the tenant at the property. The buyer will con...
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• New Multifamily Deliveries Reach Record High as Rental Growth Slows in Q4 2023
2/09/24
This report provided by CBRE
The U.S. multifamily market experienced a surge in new construction deliveries in 2023, leading to a slowdown in rent growth, according to CBRE’s latest research.
New construction deliveries rea...
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• Affiliates of Harbor Group International Close $132 Mil Purchase of Two Denver-Area Res Communities
2/09/24
Affiliates of Harbor Group International LLC purchased two multifamily communities in the metro Denver area totaling 434 units in a deal worth $132.5 mil ($305k/unit).
The sale included The Prospector Modern Apartments at ...
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• Bolour Associates Inc to Build 30-Unit Res Project in West Los Angeles
2/07/24
Bolour Associates Inc has secured the entitlements to build a new five-story, for-rent residential apartment building in the heart of West Los Angeles. The building will sit at 2424 S. Veteran Ave. in Los Angeles, on the sout...
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• Phase One Completed at New Los Angeles Affordable Housing Project
2/07/24
Phase One of Rose Hill Courts, an 89-unit affordable housing project in northeast Los Angeles, has been completed. The LEED-certified project, located at 4466 E. Florizel St, is being built by R.D. Olson Construction on behal...
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• Chula Vista Multifamily Property Trades for $116 Mil
2/06/24
Pulse Millenia, a 273-unit, garden-style multi-housing community located in the desirable Otay Ranch region of Chula Vista, traded in a $116 mil ($425k/unit) transaction. The purchase was funded in part by a $71.8 mil acquisi...
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• Palm Desert Apartment Property Sells for $220k/Unit
2/06/24
An unnamed private investor paid $2.2 mil for a 10-unit ($220k/unit) multifamily property in Palm Desert. This was the first time the property had traded in over 20 years.
The apartment community is located at 73435 San Gorg...
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