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San Jose Apartment Property Goes for $252k/Unit 5/15/23 Ranchero Palms, a 61-unit multifamily community in San Jose, traded hands for $15.38 mil, or $252k/unit. The property is located at 1175 Ranchero Way, west of San Tomas Expwy and south of I-280.
Ranchero Palms has 45 one-bed...
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San Bernardino Apartment Portfolio Sells for $152k/Unit 5/12/23 A three-property, 79-unit multifamily portfolio in San Bernardino traded for $12.047 mil, or $152.5k/unit.
The portfolio is located within the South Pointe neighborhood near downtown Loma Linda and is proximate to several u...
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Denver Area Res Asset Lands $65 Mil in New Financing 5/09/23 Promenade Place, a 387-unit, mid-rise multifamily property in Greenwood Village, CO, has landed new financing of $65 mil. The asset, situated in the heart of the thriving Denver Tech Center (“DTC”), is owned by a domestic pen...
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Magma Equities and Macquarie Asset Management Entity Buy 285-Unit TX Multifamily Property 5/09/23 Bardin Greene, a 285-unit garden style multifamily property in the Dallas-Fort Worth Metro city of Arlington, TX, was acquired by Magma Equities and a global real estate fund managed by Macquarie Asset Management. The propert...
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Long Beach Apartment Property Gets New Owner in $5 Mil Deal 5/07/23 A two-building, 16-unit apartment property in Long Beach sold for $5 mil, or $312.5k/unit. The property is located at 916 to 924 St. Louis Ave.
Built in 1963 and 1972, the property includes a unit mix ranging from one-bedroo...
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Irvine Res Property Lands $31.6 Mil Refi 5/05/23 Advanced Real Estate completed a $31.6 mil internal refinance of the Axis 2300 Apartments in Irvine. The 115-unit multifamily property is located at 2300 Dupont Dr, southwest of the 405 Fwy off Von Karman Ave.
Alex Kane, Joe...
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Multifamily Building in L.A.’s Koreatown Sells for Over $200k/Unit 5/05/23 The Avalon Apartments, a 47-unit multifamily property located in the Koreatown neighborhood of Los Angeles, traded in a $9.75 mil ($207.4k/unit) transaction. With the onset of Measure ULA looming, escrow opened and closed the...
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WNC Preservation Equity Fund 2 Fully Invested in $229 Mil of Affordable Housing Assets in Six States 5/04/23 Preservation Equity Fund Advisors (PEF Advisors) has fully invested its WNC Preservation Equity Fund 2 (Fund 2) in $229 mil in assets across six states. Fund 2, a $100 mil equity fund that closed in May of 2022, is PEF Adviso...
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South Sacramento Multifamily Property Trades for $111k/Unit 5/03/23 Continental Terrace, a 142-unit multifamily property in South Sacramento, sold for $15.75 mil ($110.9k/unit). Located at 6915 Lewiston Way, Continental Terrace offers a mix of studio and one-bedroom floor plans ranging in siz...
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Portfolio of Six LA-Area Multifamily Properties Sells in Three Deals Totaling $53.55 Mil 5/03/23 A six-property, L.A. County multi-housing portfolio sold for a total price of $53.55 mil in three separate transactions to different buyers. The assets were sold by a corporate fiduciary acting on behalf of an LLC.
The apart...
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Pedcor Companies Picks Up 11 Acres in Buckeye, AZ for Development 5/03/23 Pedcor Companies purchased a 10.9-acre land parcel located in Buckeye, AZ for $7.93 mil. The site is within an opportunity zone and is slated for the development of a 204-unit garden-style multifamily project. Pedcor is an In...
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Historic Hotel Property in San Diego’s Gaslamp Quarter Trades for $2.55 Mil 5/01/23 In a historic property trade in downtown San Diego, Cyrus and Emilia Investments purchased a mixed-use building known as the Lincoln Hotel for $2.55 mil. The property, located at 534-536 5th Ave, is a historically designated ...
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Kairos Investment Management Company Secures $175 Mil Fannie Mae-Backed Credit Facility 5/01/23 Kairos Investment Management Company (KIMC) has secured a $175 mil credit facility backed by Fannie Mae. Berkadia, a leading commercial mortgage lender, originated and will service the credit facility for each transaction.
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Newly Constructed San Bernardino Res Project Sells for Over $300k/Unit 4/28/23 Loma Villas, a newly constructed 70-unit multifamily community in San Bernardino, sold for $21.5 mil, or $307k/unit. The buyer was a SoCal-based private investor.
Located at 415 E. Commercial Rd. in the Inland Empire’s secon...
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Wood Partners to Develop 650-Unit Multifamily Project in Bastrop, TX 4/26/23 Atlanta-based Wood Partners picked up 26 acres of land in Texas for development of a 650-unit multifamily project. The site, located at Hwy 71 and FM 969 in Bastrop, is within a 75-acre mixed-use development by Pearl River Co...
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Renovation Work on Multifamily in L.A.’s Victor Heights Neighborhood Completed 4/25/23 VF Developments LLC, a minority and female owned and run company, has reintroduced “920 Everett”, a 2000s built, six-unit multifamily property in Los Angeles’ Victor Heights neighborhood, after completing major renovations. V...
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Historic Renovation/Redevelopment Project Leaves Its Mark in Riverside 4/25/23 Work has wrapped up on The Mark, a mixed-use, seven-story residential and retail building in the heart of Riverside’s historic core. The project, which required finding a balance between historic preservation and modern renew...
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Tishman Speyer and San Francisco Giants Begin Leasing Residential Units at First Project 28-Acre Mission Rock Campus 4/24/23 The Canyon, a new 283-unit res tower development in San Francisco’s China Basin area, has been completed and is now leasing. The project was built by the Mission Rock development team, a partnership between the San Francisco ...
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San Fernando Valley Apartment Building Sells for $231k/Unit 4/24/23 In a recent multifamily comp out of the San Fernando Valley, a 13-unit property located at 13440 Victory Blvd in Van Nuys sold for $3 mil, or $231k/unit. At the time of closing, five units were vacant and in various stages of...
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Downtown L.A. Multifamily Property Sells for $17.5 Mil 4/21/23 The Mint, an eight-story, 42-unit multifamily property located in the heart of downtown Los Angeles, has sold for $17.5 mil, or $417k/unit. The buyer was a local investor.
Located at 1136 W. 6th St in one of the most desira...
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