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• 752 Unit Multifam Gets $112 Mil In Refinancing Through George Smith Partners
10/21/10
Commercial real estate investment banking firm George Smith Partners recently arranged a $112 mil refinancing of the Colony Townhomes, a 752 unit multifamily complex in Santa Clarita, CA. Gary M. Tenzer, principal and managin...
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• Newmark Nabs $4 Mil For Nob Hill Apartment Building
10/20/10
Newmark Realty Capital, Inc. arranged financing in the amount of $4,000,000 for a 53-unit, seven-story Art Deco apartment building located at 640 Mason Street, in the Nob Hill neighborhood of San Francisco. Built in 1932, the...
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• Equity Residential Purchases Berkeley Mixed-Use Property
10/19/10
Equity Residential has acquired Renaissance Villas, a mixed-use property containing 34 apartments and 2.2k sf of retail space in Berkeley. The property was sold by a private partnership for $7 mil.
Originally constructed in...
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• Kennedy Wilson Picks Up Residential Subdivision in Hawaii
10/15/10
Kennedy Wilson has acquired Wai’nani at Kiahuna, a residential subdivision in the established resort area of Poipu Beach on the island of Kauai in Hawaii. The property consists of 63 finished lots and six completed single fam...
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• San Diego Housing Commission Buys Courtyard Condos Mixed-Use Project
10/12/10
San Diego Housing Commission purchased Courtyard Condos, a 54k sf mixed-use project in San Diego’s mid-city area, for $7.2 mil. Located at 4395 El Cajon Blvd. east of I-15, Courtyard Condos contains 37 residential units over ...
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• Santa Barbara-Area Assisted Living Facility Obtains $6.8 Mil in New Financing
10/11/10
CB Richard Ellis Group (CBRE), through its direct HUD FHA lender, CBRE HMF Inc (CBRE HMF), arranged financing of $6.78 mil for the Heritage House Community, a 68-bed/56-unit assisted living and memory care facility nestled in...
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• Investors Pick Up Sacramento-Area Multifamily Assets
10/08/10
We’ve got a couple of recent apartment sales comps from the Sacramento area to share with you. In one deal, the 39-unit Almondwood property in Winters sold for $2.55 mil ($65.4k/unit). The property is located at 801 Dutton St...
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• Receivership Puts Glendale Multifamily Property on the Market
10/07/10
A 115-unit multifamily condominium in Glendale was just put on the market by a receivership estate. The property, 416 on Broadway, was originally built as an upscale condo project with retail, but is currently a rental comple...
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• 2010 CA Home Sales Down from Last Year but Predicted to Pick Up in 2011
10/06/10
A weaker-than-expected economic recovery will result in a projected decline in California home sales for 2010, although home sales are expected to edge up slightly in 2011, according to the California Association of Realtors®...
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• Kennedy Wilson/Lefrak Organization Partnership Refis Three-Property Apt Portfolio
10/05/10
The recently formed joint venture between Kennedy Wilson and LeFrak Organization has not wasted a lot of time before getting to work. The partnership just refinanced a three-property multifamily portfolio in CA and OR with ne...
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• Citi, Highridge Partners and Michael Costa Team Up in Affordable Housing Venture
10/04/10
Citi, Highridge Partners, a privately held, real estate investment company, and Michael Costa, a leader in the Low Income Housing Tax Credit (LIHTC) industry, have agreed to form a new company operating as Highridge Costa Hou...
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• Anaheim Multifamily Complex Sells for Over $21 Mil
10/01/10
In a large OC multifamily buy, Lake Forest-based Advanced Real Estate Services purchased the 149-unit Pacific Palms Apartments in Anaheim for $21.19 mil ($142.2k/unit). The 48-year-old community was sold by UDR, the Colorado-...
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• Cornerstone Obtains $109 Mil in Refi Money on Two Multifamily Properties
9/29/10
Cornerstone Real Estate Advisers has obtained refinancing of $109 mil on two Class A multifamily properties, one in the LAX area of Los Angeles, while the other is in Stamford, CT. Dana Brome and Carlos Febres-Mazzei out of ...
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• Casa Dominguez First Ever LEED for Homes Platinum Certified Multifamily Project in LA County
9/29/10
Casa Dominguez, a 70-unit affordable housing complex in East Rancho Dominguez, is the first-ever LEED for Homes Platinum certified multifamily development in Los Angeles County and the second within the State of California. T...
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• Sherman Oaks Apartment Building Trades for $9.4 Mil
9/28/10
In a notable recent apartment comp from the San Fernando Valley, a private partnership paid $9.4 mil for Sonoma Gardens, a 74-unit ($127k/unit) building in Sherman Oaks. The property is located at 14355 Huston St, north of th...
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• Mountain Real Estate Capital and Davidson Communities Acquire San Diego Housing Project from B of A
9/27/10
Mountain Real Estate Capital (MREC) and Davidson Communities have teamed up in a joint venture purchase of The Sentinels at Del Sur subdivision in San Diego. The project, which consists of 17 substantially finished lots and f...
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• Bascom Closes on 312-Unit Atlanta Acquisition
9/24/10
The Bascom Group, the OC-based multifamily investment/management firm, closed on a large out-of-state buy, paying $10 mil for The Parc at Dunwoody Apartments, a 312-unit ($32k/unit) Class B complex in the Sandy Springs area o...
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• GSP Arranges $22 Mil in Perm/Construction Money on San Diego Res Project
9/22/10
George Smith Partners has arranged a $22.4 mil permanent construction loan on Marquis One, the first phase of Oakwood Development’s Marquis Apartment Community in San Diego’s Otay Ranch master-planned community.
The new loan...
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• La Jolla Multifamily Community Sells for $68 Mil
9/20/10
Trieste Apartment Villas, a 302-unit multifamily complex in the upscale San Diego-area community of La Jolla, sold for $68.2 mil, or around $226k/unit. Located at 3950 Mahaila Ave, the property was purchased by Orange County-...
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• San Diego Townhome Community Becomes a California Landmark
9/17/10
California Landmark Group (CLG) has purchased Serenata, a new, 45-unit townhome community in San Diego, for $10.15 mil ($225.5k/unit). Located at 6410 College Grove Dr, north of the 94 Fwy by Chollas Lake Park, the complex wa...
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