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• New Mixed-Use Project to Add to Growing Popularity of Downtown Culver City
7/14/09
A unique new mixed-use project in West Los Angeles boasts sophisticated living with European sensibilities. The residential and retail development, Culver Centrale, is located in the heart of Culver City and will consist of ...
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• CA Multifamily Sales Review
7/13/09
LOS ANGELES (Los Angeles County) – Will Alex LLC, a limited liability corporation, paid $2.4 mil for a 36-unit ($66.7k/unit) building located at 3350 San Marino St, in LA’s Koreatown area. Built in 1924, the property contain...
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• NorthMarq Arranges $18 Mil on 176-Unit Santa Clarita Multifamily Property
7/10/09
In recent commercial financing news, NorthMarq Capital arranged an $18.1 mil first mortgage for Meadowridge Apartments, a 176-unit multifamily complex located in Santa Clarita. Financing was based on a 10-year term with two y...
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• Trio of LA Apartment Sales Comps
7/09/09
We’ve got three recent LA-area apartment comps to share in this report. In the most recent of the transactions, a private investor paid $1.95 mil for Nicolet Riviera, a 30-unit ($65k/unit) asset located at 3848 Nicolet Ave. B...
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• PCBC Honors Four MVE & Partners Projects
7/08/09
Irvine-based architecture, interiors and planning firm McLarand Vasquez Emsiek & Partners (MVE) was awarded two prestigious Gold Nugget Grand Awards and three Merit Awards—recognizing four separate California projects—at the ...
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• 252-Unit Seattle Area Apartment Complex Sells for $26 Mil
7/07/09
A 252-unit apartment complex located in the Pacific Northwest town of Renton, WA traded hands in a recent $26 mil transaction. The property, Lexington Heights, was purchased by Los Angeles-based FSC Realty from BlackRock in a...
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• Highland Sells 27 Homes at New Gilbert, AZ Development
7/06/09
In a positive sign for the AZ home market, Highland Homes has sold 27 single-family homes in less than three weeks at Stone Bridge, a new 72-unit fully entitled master-planned community near Higley and Ray roads in Gilbert, p...
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• Investor Strikes Gold in Lodi Multifamily Buy
7/02/09
A 138-unit apartment property in Lodi was acquired by a local investment entity for $14 mil, or about $101.4k/unit. The property, Lakeview Apartment Homes, is located at 1510 and 1511 South Mills Ave, east of I-5 and just sou...
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• Keystone Pacific Lands Big OC Management Contract
7/01/09
In news of a significant multifamily management assignment just handed out in southern Orange County, Keystone Pacific Property Management Inc has been awarded the management contract for Colinas de Capistrano, a master-plann...
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• CA Home Sales Up 35% from Prior Year While Median Price Down 30% from May 2008
6/30/09
California home sales increased 35.2 percent in May compared with the same period a year ago, while the median price of an existing home declined 30.4 percent, according to the latest data from the California Association of R...
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• Camarillo Multifamily Property Trades for $14 Mil
6/29/09
In the first transaction this year of a property of 100 units or larger in Ventura County, Camarillo Mountain View LLC acquired the 106-unit Mountain View Apartments in Camarillo for $14 mil ($130.1k/unit). The property, loca...
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• Mid-America Apartments Pays $17.5 Mil for Nice Sky View
6/25/09
Sky View Ranch, a 232-unit apartment community located at 4632 East Germann Rd in Gilbert, AZ, sold for $17.5 mil ($75.4k/unit). Constructed in 2007, Sky View Ranch is a Class A asset that consists of 11 three-story buildings...
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• Investor Picks Up Colorado Apartment Community for $20.5k/Unit
6/23/09
Sand Creek Apartments, a 126-unit multifamily property in Aurora, CO, sold for $2.58 mil, or about $20.5k/unit. The property is located at 14155 East Montview Blvd, north of Colfax Ave and just east of I-225. Aurora is a city...
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• Sales at The Mercury Should Rise after Purchase of 149 Units by Kennedy Wilson Venture
6/19/09
An investment partnership led by Kennedy Wilson has acquired the remaining 149 units in The Mercury, a 22-story luxury condominium tower on the corner of Wilshire Blvd and Western Ave, from investors led by Forest City Reside...
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• Stonecraft Homes Closes $20 Mil AZ Apartment Buy
6/18/09
Villagio, a 472-unit apartment community in Tempe, AZ, was acquired by Los Angeles-based Stonecraft Homes in a recent transaction worth $20.25 mil ($42.9k/unit). Constructed in 1983, the property is located at 1133 West Basel...
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• It’s Prime Time for Big OC Apartment Buy
6/17/09
In what is reported to be one of the largest investment sales of the year in Orange County, the 349-unit Adagio at South Coast apartment complex in Santa Ana sold for $43.1 mil ($123.5k/unit). The property, located at 3124 So...
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• Normal San Diego Multifamily Property Sells for $99k/Unit
6/15/09
In a recent San Diego multifamily sales comp, an 18-unit community located at 4740 Wilson Ave sold for $1.59 mil ($88.3k/unit). The property, Wilson Avenue Apartments, is located just north of Adams Ave between I-805 and the ...
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• JB Matteson/Griffin Capital Closes $32 Mil Puget Sound Apartment Buy
6/12/09
A venture of JB Matteson of California and Griffin Capital closed on a big Puget Sound multifamily acquisition, having paid $32.45 mil for Waterford at the Lakes, a 344-unit asset in the town of Kent, 20 miles southeast of Se...
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• West Hollywood Apartment Property Sells for $2.08 Mil
6/11/09
A 16-unit multifamily community in West Hollywood traded hands in a recent transaction worth $2.075 mil ($129.7k/unit). The property, which is located at 620 N. Sweetzer, south of Melrose Ave and east of La Cienega Blvd, was ...
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• HFF Arranges $6.4 Mil on Long Beach Apartment Community
6/10/09
The Los Angeles office of HFF (Holliday Fenoglio Fowler, L.P.) arranged $6.4 mil in financing for Esther Ridge Apartments, a 78-unit multifamily community located at 630-800 East Esther Ave, close to the Long Beach and San Di...
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