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HFF Finds Fairway to Arrange $22 Mil for Inland Empire Complex 4/07/09 HFF (Holliday Fenoglio Fowler L.P.) has secured $22.1 mil in refi money through Freddie Mac for Fairway Palms Apartments, a 236-unit multifamily community in Rancho Cucamonga. Fairway Palms Apartments is located at 11201 5th ...
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Johnson Cap Arranges $16 Mil on Westminster Apartment Property 4/06/09 We’ve got a couple of recent SoCal financings to share with you, one in Westminster and the other in Los Angeles. In Westminster, Johnson Capital arranged $16 mil in permanent financing for the Huntington Westminster Apartmen...
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Sycamore Urban Hopes to De-Stress Distressed Condo Properties 4/03/09 Sycamore Urban Properties, an Irvine-based firm, thinks that now is the time to acquire and stabilize new and converted condominium properties that have fallen into distress since the housing bubble burst. The company recentl...
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San Diego Apartment Market May Be Nearing Bottom 4/02/09 After three years of dramatic declines in sales volume, the San Diego County apartment market may be showing early signs of stabilizing. At least that’s what a just released report from Cushman & Wakefield shows. According t...
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Western National Lands Leasing/Management Assignment for New Inland Empire Project 4/01/09 Hutton Development Company has awarded the leasing and management responsibilities for its new luxury apartment community, College Park Apartment Homes, to Western National Property Management. College Park is a 448-unit, 40...
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Aquatera is Swimming in Amenities and Eco-Friendly Features 3/30/09 The finishing touches are being applied to a new apartment community in San Diego’s Mission Valley area. Called Aquatera, the 254-unit development combines edgy and lavish amenities along with numerous eco-friendly features. ...
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New Luxury Anaheim Apartment Complex is Completed 3/27/09 A new, resort-style luxury apartment development in Anaheim has just opened to the public. The 265-unit project -- 1818 Platinum Triangle -- is located in the heart of Platinum Triangle, an 820-acre mixed-use development surr...
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CA Home Sales Jump 83% in February 3/26/09 In the latest data from the California Association of Realtors®, home sales in the state increased 83 percent in February compared with the same period a year ago, while the median price of an existing home declined 40.8 perc...
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The Rise in Mid-Rise Apartments 3/25/09 Here’s an interesting look at a current trend in rental rates at the majority of the most recent apartment development projects. This analysis was provided to us by Realfacts, the well-regarded, Novato-based apartment data sp...
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Adobe Communities Acquires Vacant Pasadena Apartment Building for Senior Housing 3/23/09 Abode Communities has acquired a 33.7k sf apartment building located on 42.8k sf of land at 1267 North Hudson Ave, a block west of Lake Ave in Pasadena, for $4.5 mil. The non-profit developer, also known as Hudson Oaks Limit...
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SoCal Sees Drop in Notices of Defaults and Trustee Sales While NoCal on the Rise 3/20/09 By Allen Wolfsheimer
Notice of Defaults and Notice of Trustee Sales recorded in Southern California dropped 3.54 percent from February 2008 to February 2009, however, in Northern California the number spiked upward, increasi...
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San Diego Apartment Tenants Can Count on SatisFacts-tion from H.G. Fenton 3/19/09 For the seventh year in a row, H.G. Fenton Company has been recognized for its commitment to resident satisfaction at its San Diego County apartment homes. The company received top national honors from SatisFacts LLC, a resid...
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30-Unit Fremont Apartment Fetches Nearly $5 Mil 3/18/09 A 30-unit luxury apartment complex in Fremont was acquired for $4.8 mil ($160k/unit). The property is located at 35955 Fremont Blvd, east of I-880 in the East Bay city of Fremont. Michael Henshaw of CB Richard Ellis and Micha...
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Lose Your Job, Get Out of Your Apartment Lease 3/17/09 Western National Property Management has introduced a novel new benefit they are now offering to renters. Called the Layoff Protection Program, it will allow residents who have lost their job to cancel their rental contracts ...
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Marcus & Millichap Handles Trio of SoCal Apartment Sales 3/13/09 In Artesia, a 29-unit multifamily property called East Park Apartments sold for $3.8 mil ($131k/unit). Located at 11562 186th St, near the Cerritos Mall in southeastern LA County, the property was marketed as a value-add oppo...
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San Diego-Based Trigild Closes Four Receivership Assignments 3/05/09 San Diego-based Trigild has closed the receivership estates for four condominium complexes, including two properties in Northern Florida, one in Michigan and another in Arizona. The company's receivership team, which include...
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January CA Home Sales Double, While Prices Continue to Fall 3/03/09 There continues to be a significant dichotomy in California’s housing market, as sales jumped a dramatic 100.8 percent in January compared with the same period one year earlier, yet the median price of an existing home fell a...
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Investors Go For Those 14-Unit Valley Apartment Properties 2/27/09 We have the recent sales of separate 14-unit multifamily properties in the San Fernando Valley to report. In one transaction, a Sherman Oaks apartment complex traded at a price of $2.8 mil, or about $196.4k/unit. The two-buil...
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East Bay Multifamily Comps 2/26/09 Looking for East Bay apartment comps? We’ve got five recent deals to share with you, all of which were brokered, at least in part, by regional brokerage firm NAI BT Commercial. We’ll start in Oakland, where investors paid $1....
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Local Firm Looking to Pick Up Lion’s Share of LA’s Distressed Multifamily Properties 2/25/09 Lion Real Estate Group (LREG) just closed an all-cash acquisition of two loans on a 26-unit multi-family property at 920 N. Wilcox in Hollywood. In the off-market deal, Lion paid $4.02 mil for both the senior and junior loa...
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