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Local Investor Acquires Quakertown 1/20/11 Quakertown Terrace, a 52-unit apartment complex in Woodland Hills, sold less than one week after it was put on the market. Located at 5410-5422 Quakertown Terrace Ave, south of Ventura Blvd and east of Winnetka Ave, the prop...
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Pair of Sacramento Apartment Sales Total Up to $8 Mil 1/19/11 Two Sacramento apartment communities recently sold in separate deals with above-market asking prices. The transactions, which had a combined value of more than $8 mil, were brokered by Voit’s Gaellelli Investment Team.
In th...
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Kennedy Wilson Venture Purchases Second Largest Multifamily Complex in Seattle Area 1/18/11 A Kennedy Wilson-led venture has acquired Club Palisades, a 750-unit multifamily community in Federal Way, WA. The property is the second largest multifamily asset in the Seattle metro area and was purchased as an REO from a ...
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Johnson Capital Arranges $9 Mil on 264-Unit Phoenix Multifamily Asset 1/17/11 Johnson Capital’s Neal Churney has arranged an $8.9 mil bridge loan on The Ridge at Sun Valley, a 264-unit, garden-style apartment complex in Phoenix. Originally built in 2004, The Ridge at Sun Valley contains a mix of 176 tw...
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Kennedy Wilson Brings in $5.6 Mil from Auction Webcast for Luxury Homes in Hawaii 1/17/11 Kennedy Wilson racked up total sales of $5.6 mil for six luxury residential homes at Waì‛nani at Po‛ipū at a recent auction held at the Grand Hyatt Kauai Resort & Spa. There were75 people in attendance along ...
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Holland Residential Makes a Pointe with $31 Mil Vancouver, WA Apt Buy 1/14/11 In a major Pacific Northwest multifamily sale, Holland Residential paid $31.25 mil for Orchard Pointe Apartments, a 388-unit ($80.5k/unit) community in Vancouver, WA. The complex, since renamed The Pointe, is located at 3708 ...
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HFF Arranges $33 Mil on UC Riverside Student Housing Property 1/13/11 In a big Inland Empire financing deal, HFF (Holliday Fenoglio Fowler, L.P.) arranged $33 mil in Freddie Mac money for Sterling University Palms Student Housing, a student housing community adjacent to the University of Califo...
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200-Unit Sacramento-Area Apartment Complex Sells for Over $10 Mil 1/13/11 A 200-unit apartment complex in the Sacramento Valley traded hands at a price of $10.15 mil ($50.8k/unit). Located at 5925 Rampart Dr in the city of Carmichael, the asset contains a total of 206.4k sf of space in 39 wood-fram...
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Fieldstone Group to Move Forward with New SoCal Projects 1/12/11 The Fieldstone Group of Companies closed on four SoCal acquisitions of raw land and developed lots, with plans to break ground on new projects this month. The newly acquired properties are located in Dana Point, Rancho Santa ...
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LA Low-Income Housing Portfolio Fetches $9.7 Mil 1/11/11 Preservation Partners Development of Torrance has purchased a 124-unit low-income housing portfolio in Los Angeles for $9.72 mil ($78k/unit). The five-building portfolio, sold by Arcadia-based Pl Properties, was in escrow for...
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NoCal Multifamily Sales Comps 1/07/11 MOUNTAIN VIEW (Santa Clara County) -- Villa Patio Apartments, a 16 unit Apartment property located at 1734 Villa St, sold for $2.35 mil ($147k/unit). Villa Patio Apartments is located at 1734 Villa Street. This well-maintai...
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Walker & Dunlop Provides $8 Mil on Renovated Historic Building in Seattle 1/07/11 By Allen Wolfsheimer
In the latest financing news from Seattle, Walker & Dunlop provided an $8.066 mil loan for the Terry Denny Building, located at 111 First Avenue South in the city’s historic Pioneer Square district. The ...
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148-Unit Apartment Community on Outskirts of Sacramento Sells for Over $11.5 Mil 1/06/11 Sierra Ridge, a 148-unit apartment community in Citrus Heights, sold for $11.635 mil ($78.6k/unit). The property Is located at 7434 Auburn Blvd, on the southeast side of I-80. Citrus Heights is situated roughly 20 miles nort...
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SoCal Multifamily Sales Comps 1/06/11 WEST LOS ANGELES (Los Angeles County) – The Atrium, an 18-unit multifamily property at 424 S. Holt Ave, was acquired by a private investor for $6.8 mil ($377.8k/unit). Hamid Soroudi of Charles Dunn Company represented both th...
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Brandywine to Develop 16 Homes in Fountain Valley 1/05/11 Brandywine Homes has acquired a 2.95-acre site in Fountain Valley where it plans to build 16 homes over the next 18 months. The single-family detached home community of Lemongrass will be built on the site, at 18110 Magnolia ...
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Essex Closes $43 Mil Glendale Multifamily Buy 1/04/11 Essex Property Trust acquired a 115-unit multifamily project in Glendale for $43 mil. The four-level property, which was purchased from the receivership estate, traded at a price of $374k/unit. Located at 416 Broadway, the co...
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NoCal Financing Briefs 12/30/10 Newmark Realty Capital arranged $7.482 mil in acquisition financing on a freestanding Chavez Markets Grocery Store located in the newly constructed Umbarger Square Shopping Center in San Jose. Chavez Markets is a family-owned...
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Kennedy Wilson Refis 400-Unit WA Multifamily Property 12/29/10 Kennedy Wilson has refinanced The Onyx Apartments, a 400-unit multifamily community in Redmond, Washington. The Onyx is owned in a partnership with the LeFrak Organization. The partnership, which is a 50/50 venture between Ke...
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Canadian Entity Spends Near $20 Mil on 454-Unit Phoenix Apt Property 12/28/10 Diamonte on Bell, a 454-unit apartment complex in Phoenix, was purchased for $19.6 mil ($43.2k/unit) by a company formed by Onni Group of Cos. The property is located at 3202 W. Bell Rd, east of I-17 and south of Beardsley Rd...
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Pacifica Enterprises Acquires 15 Units at Downtown LA Adaptive Reuse Condo Project 12/23/10 Pacifica Enterprises Inc purchased 15 units within the Pan American Lofts in downtown Los Angeles for $3.2 mil. The units were sold by Phoenix Realty Group.
Located at 253 S. Broadway, the Pan American Lofts is an adaptive ...
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