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San Diego Apartment Prices Showing Signs of Stabilizing 4/23/09 Average annual selling prices for apartment properties in San Diego County showed signs of stabilizing in 2008, even as big out-of-area institutional buyers shied away from the largest and most expensive in the region. That’s...
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Shea Recognized for Superior Portfolio 4/21/09 A major OC owner/developer, Shea Properties, was recently recognized for excellent management of its multifamily properties. The company, based out of Aliso Viejo, received a Superior Portfolio Score by SatisFacts Research LL...
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$37.5 Mil Note on Distressed NV Development Offered for Sale 4/17/09 We’ve just learned about a $37.5 mil first mortgage note in the advanced stages of default being offered for sale. The note, which is secured by a condo development in a prime Henderson, NV location, is being marketed for sal...
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San Diego Apartment Investor Gets Some Manors 4/16/09 A 35-unit San Diego-area apartment complex called Point Loma Manor traded hands in a recent $4 mil ($114.3k/unit) deal that was financed through the assumption of an existing $2.7 mil loan. The property is located 2777 Nimitz...
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McLarand Vasquez Emsiek & Partners Standing Proud with Four Pillars 4/15/09 The California-based architecture and planning firm, McLarand Vasquez Emsiek & Partners (MVE), was just honored with four major awards—recognizing three separate projects—at the National Association of Homebuilders’ (NAHB) 18...
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New Rancho Cucamonga Mixed-Income Housing Project Underway 4/14/09 Construction on a new, 166-unit workforce housing project in the Inland Empire is well underway. Called Villagio at Route 66, the project is being developed by Workforce Homebuilders LLC of Rancho Cucamonga, in a partnership ...
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CBRE Arranges Financing for 52-Unit El Cajon Apartment Property 4/13/09 CBRE Debt and Equity Financing arranged the placement of a $2.05 mil permanent financing loan on Broadway II, a 52-unit, 38.6k sf apartment complex at 849 North 3rd St, south of Broadway and northwest of I-8 in El Cajon. The...
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NoCal Multifamily Deal Briefs 4/10/09 BURLINGAME (San Mateo County) -- Pacific Investments and Holding Company, LLC paid about $4.49 mil for the Royal Grove Apartments, an 18-unit ($249k/unit) complex at 1477 Grove Ave. The property mix consists of all large one ...
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NorthMarq Capital Arranges $150 Mil on Three SoCal Apartment Properties 4/09/09 Michael Elmore, out of the Los Angeles office of NorthMarq Capital, recently closed two financings totaling just under $150 mil on three SoCal multifamily properties, in downtown Los Angeles, Simi Valley and Woodland Hills.
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SoCal Apartment Rents on the Decline 4/08/09 Falling apartment rents across Southern California reflect the current recession as unemployed tenants move away or double up with friends or family while the affordability of foreclosed homes turns some renters into buyers. ...
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New Program from C.A.R. to Help Drive More First-Time Buyers 4/08/09 In an effort to assist first-time home buyers, the California Association of Realtors® (C.A.R.) has launched the C.A.R. Housing Affordability Fund Mortgage Protection Program (C.A.R.H.A.F. MPP). Through this program, first-ti...
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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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