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• 550-Space Inland Empire Manufactured Home Community Listed for $38 Mil
12/11/09
Colonial Country Club, a 550-space manufactured home community for seniors aged 55 and older in Hemet, has been listed for sale with an asking price of $38 mil ($69k/space). Located on about 94 acres at 601 North Kirby St in ...
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• New Corona Senior Living Development Completed
12/10/09
Valencia Terrance also features a resort-like environment and includes a pool and spa, two beauty salons, commercial kitchen, theater room, exercise gym, massage, library, bistro and resident lounge.
IPA (Irwin Pancake Dawso...
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• Sherman and Levine Join KW Commercial
12/09/09
Hirsch Sherman and Jared Levine have joined KW Commercial’s new Calabasas office. Sherman has been involved in the real estate industry since 1979 and previously worked for Re/Max Commercial where he was a Senior Investment ...
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Executive Subscriber Price: Free
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• Canadian Investors Pick Up 78 Units at Phoenix Condo Conversion Project
12/08/09
A Canadian investment partnership acquired 78 units at Riverwalk, a 240-unit condo conversion project located at 5345 East Van Buren St, a few blocks northeast of Sky Harbor International Airport in Phoenix, AZ. The units, wh...
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• HFF Arranges $24 Mil on 183-Unit OC Multifamily Property
12/02/09
HFF (Holliday Fenoglio Fowler, L.P.) has placed a $24 mil loan with Freddie Mac for City Pointe Apartments, a 183-unit, Class A multi-housing property in Fullerton. The property is located at 130 East Chapman Ave, near the Ri...
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• Sacramento Multifamily Property Trades for $11.5 Mil
12/01/09
An Austin, TX-based investor closed on a significant Sacramento multifamily buy after paying $11.5 mil for The Villas at La Riviera, a 199-unit ($57.8k/unit) property. The complex is located at 7901 La Riviera Dr, north of th...
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Executive Subscriber Price: Free
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• Investor Picks Up Majority of LA-Area Broken Condo Complex for $62k/Unit
11/24/09
Here’s the scoop on an interesting multifamily sale in the San Fernando Valley, as 99 condominiums within the 161-unit, 57.5k sf Sonterra Homes complex sold for $6.15 mil, or about $62k/unit. The REO property is located at 15...
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• PCCP/Lewis Venture Picks Up 798 Residential Lots in Reno
11/19/09
A venture of El Segundo-based PCCP LLC and Upland-based Lewis Operating Corp acquired 798 finished and partially finished residential lots located in southeast Reno in a $6.6 mil purchase. Approximately 600 of the lots are l...
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• Escondido Fractured Condo Sale Brings in $5.5 Mil
11/18/09
A fractured condominium project traded hands in a recent $5.5 mil Escondido deal. The property, Heritage at Canyon Pointe Condominiums, is located at 495-505 San Pasqual Valley Rd, east of I-15, and was sold by H.G. Fenton Co...
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• San Francisco Apartment Market Still on the Decline
11/16/09
Apartment rents in San Francisco are expected to continue to slide this year, as the market struggles with the ongoing economic contraction. Unemployment has reached its highest level in more than two decades, dragging on apa...
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• Sunnyvale Multifamily Property Fetches $44 Mil
11/13/09
Acacia Capital Corp closed on a large Silicon Valley apartment buy, paying $43.8 mil for Avalon at Parkside, a 192-unit ($228.1k/unit) multifamily community in Sunnyvale. Built in 1991, Avalon at Parkside contains 204.6k sf o...
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• Glendale and Gangi Development Settle Lawsuit through Land Swap
11/12/09
The City of Glendale and Burbank-based Gangi Development Company have agreed to a creative land swap in which the City acquires undeveloped property southeast of Pennsylvania Ave at the terminus of Deerpass Rd, while Gangi wi...
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• Santa Clara Res Project Recognized for Workforce Housing Excellence
11/11/09
The Urban Land Institute’s (ULI) Terwilliger Center for Workforce Housing has named Casa del Maestro in Santa Clara as a recipient of the 2009 Jack Kemp Workforce Housing Models of Excellence Award. The award, which is named ...
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• Unfinished Res Development Tract Outside of Denver Sells
11/10/09
In a notable distressed res development buy in Colorado, an investment entity called Arcadia Holdings at CC Highlands LLC acquired the Country Club (CC) Highlands residential tract, covering about 30 acres in Westminster, abo...
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• Receiver’s Sale of Torrance Multifamily Asset Generates $28 Mil
11/09/09
Hampton at South Bay, a 152-unit, 156.3k sf luxury apartment building in Torrance, sold in a court-appointed receiver’s ale valued at $28.1 mil, or about 185k/unit. The property is located at 20707 Anza Ave, west of Hawthorne...
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• 29-Unit Apartment Property in LA’s Chinatown Sells for $4.5 Mil
11/05/09
A 29-unit, bank-owned (REO) luxury apartment property in the heart of LA’s Chinatown traded hands in a recent $4.52 mil ($155.9k/unit) transaction. Located contiguously at 700-704 N. Hill and 709-711 N. Yale Streets, the four...
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• Trio of Multifamily Properties in LA’s Koreatown Sell for Over $7 Mil
11/03/09
A Los Angeles-based real estate investment company acquired the Kenmore Apartment Portfolio, three 1920’s vintage apartment complexes located in the heart of LA’s Koreatown, an area that is currently undergoing an urban renai...
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• BIA/SC 50+ Housing Council Announces Finalists for 2009 SAGE Awards
10/30/09
The 50+ Housing Council, a special interest council of the Building Industry Association of Southern California, announced its finalists for the 15th annual SAGE Awards. The SAGE awards recognize individuals, projects and pr...
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• LA Apartment Market Still Softening
10/29/09
Like much of Southern California, Los Angeles County is besieged by severe job losses, a battered housing market and falling household incomes. According to a fourth-quarter Apartment Research Report by Marcus & Millichap, ap...
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• Investors Spend on NoCal Apartment Communities
10/28/09
An unnamed private investor acquired Park West Townhouses, a 71-unit townhouse community in Petaluma. Completed in 1972, Park West Townhouses is a well-located, garden-style complex featuring 65 two-bedroom/one-bath townhouse...
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