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Pacific Urban Investors Buys Milpitas Res Community 10/11/24 Here’s news of a large multifamily trade in Silicon Valley, Ascend Apartments, a 266-unit multifamily community in Milpitas, was acquired by Pacific Urban Investors in a recent off-market transaction said to be worth about $...
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Sunnyvale Mixed-Use Development Celebrates Official Grand Opening 10/11/24 Cityline, a new transit-oriented, mixed-use destination in downtown Sunnyvale, celebrated its official grand opening this month. The project is a development of STC Venture LLC, a joint venture between affiliates of Hunter Pa...
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Zekelman Industries Entity Buys 20-Acre Site in San Tan Valley, AZ for Res Development 10/11/24 Z Modular, a division of Zekelman Industries, purchased a 20.45-acre development site in San Tan Valley, AZ for $14.4 mil. The buyer intends to build a 318-unit multifamily project on the land.
The San Tan Valley land site s...
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Sargard Real Estate Spends $77 Mil on AZ Multifamily Community 10/10/24 In a recent AZ apartment buy, Sargard Real Estate acquired Trovita Rio, a 209-unit core apartment community located in Tempe. Although a price was not given out, sources tell us that the property traded for around $77 mil, or...
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Laguna Beach Apartment Property Goes for $425k/Unit 10/10/24 Laguna Terrace, a 12-unit multifamily property at 2200 S. Coast Highway in Laguna Beach, was acquired for $5.1 mil ($425k/unit) by a private investor. The property comprises four separate buildings across three adjacent lots,...
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Raintree Partners Agrees to 99-Year Ground Lease of One-Acre Property in San Diego’s Bankers Hill Area 10/09/24 Raintree Partners agreed to a 99-year ground lease for a 1.06-acre commercial site in San Diego’s Bankers Hill neighborhood. The property, located at 411 Ivy St, includes an adjacent parking lot
The four-parcel property ass...
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Renovated Costa Mesa Apartment Property Fetches $375k/Unit 10/08/24 Hamilton Cove, a newly renovated 15-unit multifamily property in Costa Mesa, traded for $5.625 mil ($375k/unit). Originally constructed in 1964, the two-story, 9.4k sf multifamily building sits on a 0.45-acre lot at 560 Hami...
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Visionary Developments Buys 10k sf of Land in East Hollywood 10/07/24 Visionary Developments, run by Tobias and Terry Harris, paid $1.9 mil for a 10k sf double lot in L.A.’s East Hollywood submarket. The asset traded for $190.27 per square foot of land.
The property is located at 4541- 4545 S...
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Pacific West Communities Buys Santa Cruz County Development Site 10/04/24 Pacific West Communities Inc has acquired a 2.58-acre undeveloped site at 41st Ave and Soquel Dr in Soquel, CA for $10.35 mil. Pacific West, with development partner Linc Housing, plans to construct a new 289-unit residential...
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Apartment Building in L.A.’s Echo Park Area Goes for $290k/Unit 10/04/24 In a recent L.A. multifamily comp, a five-unit apartment property in L.A.’s Echo Park area sold for $1.45 mil, or $290k/unit and $529/sf. The property is located at 1859 Echo Park Ave, north of Sunset Blvd and east of Glendal...
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Green Leaf Partners Management Buys 280-Unit CO Multifamily Property 10/03/24 Alvista Harmony, a 280-unit garden community in Fort Collins, CO, was acquired by Green Leaf Partners Management,Inc. It was sold by an affiliate of Phoenix Realty Group and a joint venture partner.
Located at 2002 Battlecr...
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PCCP LLC and Guardian Real Estate Services Purchase 242-Unit Res Community in Portland 10/02/24 A joint venture of PCCP LLC and Guardian Real Estate Services acquired The Louisa, a 242-unit, 16-story apartment community located at 123 NW 12th Avenue in the Pearl District of Portland. The property also includes 29.3k sf ...
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Modesto Res Property Trades for $17 Mil in a Workforce Housing Deal 9/25/24 Rumble Road Apartments, a newly constructed 50-unit multifamily community in Modesto, CA, traded hands for $17 mil, or $340k per unit. The property, located at 2531 West Rumble Rd, was acquired by Aspen Real Estate Financial ...
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Multifamily Property in Henderson, NV Trades for $45 Mil 9/25/24 Prism Multifamily Group has acquired Cascade Apartments, a 261-unit multifamily property in Henderson, NV, for $45.5 mil, or $174.3k/unit. The buyer plans to complete a property renovation plan to better capitalize on the gro...
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AZ Seniors Housing Portfolio Lands $96 Mil Refi Loan 9/24/24 Douglaston Development and The Hampton Group Inc have obtained $96.5 mil in refinancing for a five-property seniors housing portfolio consisting of 971 units located in the Phoenix, Mesa, Sedona and Chandler metropolitan area...
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Oregon Multifamily Property Refinanced with New Loan for $4.55 Mil 9/23/24 Eagle Crest Village Apartments, a 98-unit residential community in North Bend, OR, was refinanced with a new loan for $4.55 mil. The funds will be used to retire the existing debt and complete renovations on the garden apartm...
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Tricon Residential Wrapping Up Work on Two Build-to-Rent Communities in Texas 9/23/24 Tricon Residential celebrated the grand opening of two new built-to-rent communities in Texas: Tricon Bryson in Leander and Tricon Willow Creek in Tomball. Developed in partnership with HHS Residential, a division of Plano-ba...
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GPI Companies Boosts LA Area Portfolio with 292-Unit Res Buy in North Hollywood 9/20/24 GPI Companies has acquired The Lofts at NoHo Commons, a 292-unit, Class A podium-style multifamily project in North Hollywood. The transit-oriented, mixed-use property was originally built in 2006 and was extensively renovate...
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Portland Res Community Trades 9/20/24 StoneRidge at Cornell, a 233-unit, garden-style multifamily community in Portland, has traded hands. Situated on 16 acres at 14800 NW Cornell R, StoneRidge at Cornell offers one- and two-bedroom units averaging 820 sf in size...
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Sherman Residential Spends $72 Mil on Its First Phoenix Res Acquisition in 15 Years 9/19/24 Sherman Residential closed on a significant multifamily buy in Phoenix, paying $72.05 mil for Vela on Camelback, a 237-unit ($304k/unit) Class A community located at 4949 N. 7th St in the city’s Camelback Corridor submarket. ...
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