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• Riverside Res Comp Works Out to $150k/Unit
2/02/24
In a recent multifamily comp out of the Inland Empire, Corwin Apartments, a 19-unit asset in Riverside, traded for $2.85 mil ($150k/unit).
Built in 1964, the property is located at 5755-5780 Corwin Lane. It features one-bed...
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• Bela Flor Communities Obtains Construction Loan of $35 Mil for AZ Res Development
2/02/24
Arizona-based Bela Flor Communities has secured a construction loan of $35.25 mil for Bella Olivia, a 112-unit build-to-rent (BTR) community in Peoria, AZ. The property is currently under construction and is expected to open ...
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• New Upscale Apartment Project in Phoenix Sells for $531k/Unit
2/01/24
ARCADIA VIEWS, a newly constructed 16-unit luxury apartment community in Phoenix, was acquired by a Las Vegas-based investment entity for $8.5 mil ($531k/unit). Built in 2023, the new Class A, eco-friendly multifamily develop...
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• Tidewater Capital Receives Final Approvals for Two Oakland Res Developments
1/31/24
San Francisco-based Tidewater Capital received final approvals for both 533 Kirkham, a 289-unit residential development in West Oakland, as well as a 381-unit project at 1431 Franklin in the city's Downtown.
The 533 Kirkham ...
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• Rio Properties Transitions Five-Property SoCal Multifamily Portfolio as Part of a More Tax Efficient Investment Strategy
1/31/24
Rio Properties, a 25-year CA-based investor, transitioned a five-property, L.A.-area multifamily portfolio into a more tax-efficient investment strategy. The assets are located in Venice, Oakland, Los Angeles, and Marina Del ...
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• Mercy Housing and TCA Architects Finish Work on San Fernando Valley Supportive Housing Project for Seniors
1/30/24
Construction has been completed on Burbank Boulevard Senior Housing, a 55-unit, permanent supportive housing development for seniors ages 55 years and older. The project, located at 14536 Burbank Blvd, just west of Van Nuys B...
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• OC Res Development Lands $128 Mil in Construction to Permanent Financing
1/29/24
Legado Companies has obtained $128 mil of construction-to-permanent financing in three tranches, from three separate lenders, for the development of the Legado at the Met multifamily project in Santa Ana.
The 268-unit, mark...
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• California Commercial Investment Group Buys 19 Acres in Woodland Hills for Development of a Senior Living Facility
1/26/24
California Commercial Investment Group has acquired a 19-acre site adjacent to the iconic Motion Picture & Television Fund campus in Woodland Hills for $30 mil. California Commercial Investment Group will develop a luxury se...
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• Brownsville, TX Multifamily Buy Financed with $4.3 Mil Loan
1/25/24
In a recent multifamily financing deal out of Brownsville, TX, BridgeCore Capital provided a $4.3 mil acquisition loan for the purchase of a 60-unit apartment property. The asset was acquired by an experienced real estate inv...
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• AZ Build-to-Rent Development Lands $66 Mil Bridge Loan
1/22/24
Bela Flor Communities has obtained a $66 mil bridge loan for Bella Encanta, a 212-unit build-to-rent (BTR) community located in Mesa, AZ. Over half of the units are leased and occupied at the property, which recently complete...
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• Sales Underway at New Bay Area Res Community
1/22/24
Sales have started for a Village Walk, a new NoCal residential community. The project, a collection of 15 new Craftsmen-style townhomes in the Bay Area city of Belmont, was developed by Regis Homes Bay Area LLC, a division of...
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• The Bascom Group Closes First Acquisition in Albuquerque
1/19/24
The Bascom Group LLC has acquired the Overlook Apartments, a 344-unit, garden-style multifamily property in Albuquerque, NM. Built in 1988, the property is located at 6200 Eubank Blvd, just south of Academy Rd.
Located withi...
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• OC Multifamily Community Trades in $127 Mil Transaction
1/18/24
Regency Palms, a 310-unit gated multifamily community in Huntington Beach, traded hands in a $127 mil ($410k/unit transaction in one of the largest multifamily transactions in Orange County over the last 12 months. The buyer ...
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• AZ Res Dev Site Trades for $1.72 Mil
1/16/24
A 22-acre residential development site in San Tan Valley, AZ sold for $1.72 mil. The property is located at the southeast corner of Schnepf Rd and Hash Knife Draw Rd.
The buyer was BC Invest LLC, an investor and residential ...
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• Texas Multifamily Property Acquired by Tri-City Equity Group
1/12/24
Tri-City Equity Group has acquired Kings Landing, a 64-unit multifamily property in Mansfield, TX. The price was not given out.
Currently 100% occupied, Kings Landing has 64 units, with 48 units completed in 1975 and 16 unit...
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• OC Multifamily Property Sells for First Time in 40 Years
1/11/24
Crestview Apartments, a 19-unit multifamily property in Costa Mesa, was purchased by a local private investor for $5.025 mil. The selling price, which came in at $563/sf and $264.5k/unit, marks the property’s first sale in ov...
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• KT Development Buys Three-Acre CO Site for Hotel Development
1/11/24
KT Development acquired a three-acre land site in Centennial, CO (Arapahoe County) for the development of a 122-room WoodSpring Suites Hotel. The land was purchased for $1.2 mil and construction for the project is anticipated...
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• Seattle-Area Multifamily Property Goes for $268k/Unit
1/10/24
Nicholas Townhomes, a 28-unit townhome community in Sedro Woolley (Seattle), WA sold for $7.5 mil ($268k/unit). Located at 671 Cook Rd, on the northern Puget Sound, the property consists of all two-story, two-bedroom/1.5-bath...
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• Colorado Res Community Gets New Owner
1/10/24
Orion Real Estate Partners acquired Fielders Creek, a 217-unit apartment community in Englewood, CO. The price was not disclosed.
Located at 3205 W. Floyd Ave in southwest metro Denver, the nine-building, two- and three-stor...
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• Palm Springs Multifamily Property Sells for $220k/Unit
1/09/24
In a multifamily sales comp from Palm Springs, Highland Apartments, a 15-unit property, traded for $3.3 mil, or $220k/unit.
Highland Apartments is located at 540-570 Highland Dr, just west of California State Route 111, and...
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