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• Construction Gets Underway at Res Community in Novato
10/27/09
Barker Pacific Group (BPG), the developer of the 450k sf Hamilton Landing office park at the former Hamilton Air Force Base in Novato, has begun construction on a new 27 single-family home community at Hamilton. The Landing ...
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• September Marked 7th Consecutive Increase in Median Price of CA Homes
10/27/09
California home sales increased 2.1 percent in September compared with the same period a year ago, while the median price of an existing home declined 7.3 percent, according to the most recent monthly data from the California...
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• AMCAL Breaks Ground on New LA Affordable Housing Project
10/26/09
AMCAL Multi-Housing Inc recently broke ground on Andalucia Heights, a new housing development designed to provide low-income families in Los Angeles with a safe and affordable place to live. Located in L.A.’s Westlake distri...
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• Investors Snag Bay Area Multifamily Properties
10/23/09
In recent Bay Area multifamily investment activity, a 5-unit property located at 7 Seville Way in San Mateo traded hands for $1.695 mil ($339k/unit). The property consists of four one-bed/one-bath units and one three-bed/two-...
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• West LA Apartment Building Sells for $3.4 Mil
10/21/09
An 18-unit apartment property located at 1382 Kelton Ave, south of Wilshire Blvd and east of the 405 Fwy, sold for $3.39 mil ($188.3k/unit). The property contains 14k sf of space and is composed of 15 one-bedroom/one-bathroom...
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• Bay Area Apartment Property Sells for $34 Mil
10/20/09
Waterstone Millbrae, a 136-unit, 114.4k sf multifamily property in the Bay Area community of Millbrae, about 15 miles south of San Francisco, traded hands in a $33.8k ($248.4k/unit) transaction. Located at 509 Poplar Ave, the...
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• New 195-Unit Multifamily Project is Nearing Completion in Woodland Hills
10/19/09
Western National Properties is currently developing a 195-unit multifamily project in the west San Fernando Valley community of Woodland Hills, which is nearing completion. This project is the first development with the firm...
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• Financing for $37 Mil San Pedro Apartment Arranged by NorthMarq Capital
10/16/09
First mortgage financing of $30.36 mil on two San Pedro apartment properties acquired by an Orange County-based real estate investment group was arranged by Ory Schwartz of NorthMarq Capital. The properties, Harbor View Apart...
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• New Walnut Creek Condo Development More than 25% Sold
10/15/09
The first residents of 555YVR, downtown Walnut Creek’s newest condominium residences, are moving in. Located at 555 Ygnacio Valley Rd, at the gateway to Downtown Walnut Creek and just steps from the BART station in Walnut Cre...
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• Pair of Silicon Valley Apartment Sales Total Over $2 Mil
10/14/09
We’ve got a couple of recent Silicon Valley apartment sales to report. The transactions, one in Sunnyvale and the other in San Jose, have a combined value of just over $2 mil.
In Sunnyvale, a six-unit, 4.9k sf building on Ki...
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• La Mesa Fractured Condo Project Fetches $6.7 Mil
10/13/09
Stoneridge by the Lake Condominiums, a fractured condo project in La Mesa, sold for $6.7 mil. The transaction was for 47.7k sf of space, which consisted of 42 of the original 51 condominium units. The property is located at 5...
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• 172-Unit OC Apartment Property Sells for $23.5 Mil
10/12/09
Serena Vista, a172-unit apartment complex in Orange County’s Fountain Valley, traded hands in a recent sale valued at $23.58 mil ($137.1k/unit). The property is located at 10300 La Hacienda Ave, one block south of the 640-acr...
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• JB Matteson Closes $12 Mil Portland-Area Multifamily Buy
10/09/09
In a notable multifamily investment sale from the Pacific Northwest, JB Matteson Inc acquired the London Flats Apartments, a 146-unit apartment development located in Vancouver, WA, a suburb of Portland, OR, for $12.165 mil (...
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• JCLA Gets Workout Assignment for Distressed Colorado Resort Property
10/08/09
Johnson Capital Lodging Advisory (JCLA), the hospitality workout division of Johnson Capital Special Servicing (JCSS), has been named the court-appointed manager of a distressed, 5-star, luxury condominium and hotel developme...
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• Nevins Adams Lewbel Schell (NALS) Acquires 620 Units in Pac Northwest
10/06/09
Nevins Adams Lewbel Schell (NALS) recently closed on the acquisitions of two Northwest apartment communities with a combined 620 units. The purchases consist of The Colonnade, a 268-unit asset in Hillsboro, OR, and The Park a...
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• 249-Unit WA Apartment Community Sells for $14.5 Mil
10/05/09
Bravado on 27th, a 249-unit apartment community located at 25701 27th Place South in Kent, WA, sold for $14.45 mil, or about $58k/unit. The three-story, garden-style property had been foreclosed on and was lender-owned at the...
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• New Ontario Affordable Seniors Housing Project Set to Break Ground
10/02/09
City Center Senior Apartments, A new, 76-unit affordable senior housing project, is set to break ground this week in Ontario. Located at 280 North Lemon Ave, between B and C streets, the $18 mil project is a venture of The Ci...
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• Western National Locks Up New Assignments for another 500 Units
10/01/09
In the latest multifamily management news, OC-based Western National Property Management has secured four new third-party management contracts in Southern California. The four properties, located in Long Beach, Covina, Calex...
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• CA Home Sales Up 9% from Prior Year
9/30/09
California home sales increased nine percent in August compared with the same period a year ago, while the median price of an existing home declined 16.9 percent, according to the latest data from the California Association o...
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• Equity Collects $37 Mil from Sale of Two South Bay Apartment Properties
9/29/09
Harbor View and Bay Ridge, two apartment communities totaling 220 units in the South Bay city of San Pedro, traded hands in a recent $37.25 mil ($169.3k/unit) transaction. The properties were sold by Equity Residential.
Loca...
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