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• Walker & Dunlop Arranges $139 Mil in Financing on NoCal Apartment Community
5/04/10
In a major NoCal financing transaction, Walker & Dunlop originated a $138.94 mil loan on Elan at River Oaks, a 941-unit residential property owned by Shea Apartment Communities. Located at 345 Village Center Dr, north of Mont...
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• Trumark and Resmark Equity Acquire San Fernando Valley Townhome Site
4/27/10
A venture of Trumark Homes and Resmark Equity Partners LLC has acquired a nine-acre new townhome community in the San Fernando Valley community of Granada Hills for $8.4 mil. The gated community, which has been renamed “High ...
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• San Francisco Res Tower Lands New Public Art Installation
4/26/10
One Hawthorne, a new 25-story boutique luxury condominium tower in the heart of the city, is now adorned with San Francisco’s newest large-scale public art installation. “Landmark,” is the title of the 16-story (145 ft.) mura...
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• CA Home Sales on the Upswing
4/26/10
In the latest monthly data from the California Association of Realtors® (C.A.R.), home sales increased 2.5 percent in March in California compared with the same period a year ago, while the median price of an existing home ro...
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• The Crossing Offers Anaheim Residents an Amenity-Rich, Eco-Friendly Res Development
4/23/10
The Crossing, a new luxury, transit-oriented apartment community in Anaheim, just opened to the public. Developed by SARES•REGIS Group, The Crossing provides amenity-rich, pet and eco-friendly living adjacent the Metrolink An...
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• 107-Unit Hollywood Apartment Portfolio Trades for Over $7 Mil
4/21/10
Madison Partners’ Darin Beebower of Madison Partners has been involved in a number of notable multifamily asset sales in SoCal.
This includes the recent $7.15 mil sale of the Kenmore Apartment Portfolio, three 1920’s vinta...
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• Lowe Enterprises Completes The Lido Shuffle for $9.4 Mil
4/19/10
The Lido Apartments, a 1928-vintage, 100-unit multifamily property in Hollywood, was acquired by Lowe Enterprises for $9.4 mil, or about $94k/unit. The building is located at 6500 Yucca St, one block northwest of the intersec...
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• Tucson Investor Spends Almost $17 Mil on Casa Grande Apartment Complex
4/16/10
A 323-unit apartment complex in Casa Grande, AZ was purchased by a Tucson investment entity for $16.75 mil ($51.9k/unit). The property, Desert Sands, is located at 720 West O’Neil Dr, north of I-8 and west of I-10, about 50 m...
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• Santa Barbara Investor Spends $5.6 Mil on Tarzana Apartment Property
4/15/10
Tarzana Courtyard, a 52-unit apartment community in the San Fernando Valley community of Tarzana, sold for $5.6 mil ($107.7k/unit). Located at 18400 Collins St, west of Reseda Blvd and north of the 101 Fwy, the property had ...
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• Dunhill Homes Kicks Off Operations in Vegas Region
4/13/10
Dunhill Homes has initiated homebuilding operations throughout the greater Las Vegas Valley by assuming management of certain assets formerly owned by Rhodes Homes. As of April 1, Dunhill began building in the Rhodes Ranch an...
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• Huitt-Zollars Lands Two Oxnard Affordable Housing Assignments
4/12/10
Huitt-Zollars has been awarded the contracts for two affordable housing developments totaling approximately 256 units in the SoCal coastal community of Oxnard.
In one of the assignments, Huitt-Zollars has been engaged by Th...
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• Verizon to Offer New Concierge Service to Residential and Commercial Fios Properties
4/09/10
Verizon will offer a virtual property management service called Verizon Concierge to residential and commercial properties that have FiOS services, or soon will have them. The offering, to be provided free of charge, organize...
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• Prudential and Johnson Capital Form New Venture
4/08/10
Prudential Mortgage Capital Company and Johnson Capital have formed Prudential Johnson Apartment Capital Express, a strategic partnership that combines the strengths of Prudential and Johnson to originate and service loans fo...
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• USC Lusk Center Casden Forecast Shows 2010 Apartment Rents Declining in LA and Orange Counties
4/07/10
The outlook for SoCal apartment markets is mixed this year with rents declining up to 3.5 percent in Los Angeles and Orange counties, staying flat in Riverside and San Bernardino Counties, but inching upwards thanks to a bett...
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• Two LA Firms Involved in $113 Mil Texas Multifamily Portfolio Buy
4/06/10
Two Los Angeles-area real estate firms were involved in a major multifamily transaction, as CIM Group has acquired four Class A apartment communities in Texas in a deal worth $113 mil. The transaction was arranged by Multi-Ho...
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• Monrovia’s Old Town Gets New Mixed-Use Res Community
4/02/10
Paragon at Old Town, a new mixed-use apartment community in Monrovia’s historic Old Town district, just opened its doors. Developed by Urban Housing Group, Paragon at Old Town provides amenity-rich living within walking-dista...
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• San Fernando Valley Apartment Property Sells for $3.75 Mil
3/30/10
A 16-unit condominium complex in Panorama City currently being operated as an apartment complex sold for $3.75 mil ($234.4k/unit). The property is located at 9201 Tobias Ave, north of Nordhoff St and a block west of Van Nuys ...
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• Investor Pays $385k/Unit for West Los Angeles Multifamily Property
3/29/10
An eight-unit apartment building in the Brentwood area of West Los Angeles was acquired by a private investor for $3.08 mil, or roughly $385k/unit. The property is located at 326 Gretna Green Way, south of Sunset Blvd and a b...
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• Nagarkatti Promoted to President at AMCAL
3/26/10
Arjun Nagarkatti has been promoted to President at AMCAL Multi-Housing Inc, the SoCal-based builder of affordable and low-income housing. In his new role, Nagarkatti will oversee the management of all AMCAL departments, as we...
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• Pac Northwest Investor Closes $27 Mil AZ Apartment Buy
3/25/10
The seller was 109th Avenue and Olive LLC, an Arizona limited liability company of Tempe, AZ. The Buyer was Weidner Investment Services Inc. Mark Forrester and Ric Holway of Hendricks & Partners were involved in brokering the...
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