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• Tower 16 Capital Partners Closes $43 Mil Multifamily Buy in Reno
2/29/24
San Diego-based Tower 16 Capital Partners has acquired The Deco at Victorian Square, a 209-unit multifamily property located in Reno, NV, in a $43 mil ($206k/unit) transaction.
Built in 2021, The Deco is located at 955 Avenu...
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• Apartment Building in L.A.’s Melrose Area Goes for $330k/Unit
2/29/24
A 10-unit apartment property in Los Angeles’ Melrose area sold for $3.3 mil, or $330k/unit. Built in 1965, the property is located at 812 N Martel Ave, a block north of Melrose Ave between Fairfax and La Brea Aves.
The value...
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• Bridge Investment Group Lands $81 Mil Refi Loan on Jurupa Valley Res Community
2/29/24
Bridge Investment Group has obtained an $81.1 mil Freddie Mac Optigo® loan to refinance a 397-unit multifamily property in Jurupa Valley, CA.
Vernola Marketplace Apartments is a luxury multifamily property built in 2022. A...
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• San Fernando Valley Apartment Building Trades for $156k/Unit
2/28/24
A 20-unit apartment property in the eastern San Fernando Valley community of Panorama City sold for $3.115 mil ($156k/unit). Built in 1958, the property is located at 14735 Blythe St, west of Van Nuys Blvd and south of Roscoe...
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• Alliance Residential Finishes Work on 264-Unit Res Development in Irvine
2/28/24
Broadstone Edition, a 264-unit res development in Irvine, has been completed. The project, developed by Alliance Residential and designed by KTGY, will offer a mix of market-rate and affordable residences.
Located at 1100 St...
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• Former Resort Property in Palm Springs Sells for $4.75 Mil
2/27/24
Tuscany Manor resort in Palm Springs was purchased for $4.75 mil by a private investor who will turn the property into a premier apartment community. Built in 1956, the property is located at 350 West Chino Canyon Rd, two mil...
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• New 483-Unit Res Community Completed in Northeast Austin
2/26/24
Camber Ranch, a new 483-unit apartment community in Austin, TX, has been completed with the first residents moving in. Designed by Humphreys & Partners, the multifamily project is a development of Legacy Partners and Bridge I...
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• Anaheim Multifamily Asset Trades for $79 Mil
2/23/24
Chateau de Ville, a 254-unit multifamily property in Anaheim, sold for $79.1 mil, or $311k/unit. The property is located at 2020 W. Alameda Ave, east of Brookhurst St on the southwest side of I-5.
Built in 1970 on nine acres...
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• Long Beach Multifamily Property Fetches $337k/Unit
2/22/24
An eight-unit multifamily property in Long Beach sold for $2.7 mil ($337.5k/unit) in the asset’s first trade since it was built nearly 40 years ago. Built in 1985, the 8.4k sf apartment building is located on a 6k sf lot at 2...
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• Res Community in Bend, OR Trades in $57 Mil Deal
2/21/24
Outlook at Pilot Butte, a 205-unit multifamily community in Bend, OR, traded hands in a $57.5 mil ($280.5k/unit) transaction.
The garden-style community was built in 2017 and is located at 2001 NE Linea Drive. It comprises t...
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• Dominium to Start Work on Two Affordable Housing Projects in Glendale
2/21/24
Dominium and its development partners are about to break ground on two affordable housing projects in Glendale. The developments - 67 Flats and Juniper Square – are situated on adjacent sites and will total 605 units.
The tw...
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• Residents are Moving into New Kennedy Wilson Master-Planned Res Community in Camarillo
2/21/24
Anacapa Canyon, a new master-planned community developed by Kennedy Wilson in Camarillo, has been completed with the first residents moving in. The development consists of 310 market-rate apartments, 109 for-sale homes, 170 i...
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• Brixton Capital Completes $124 Mil Multifamily Buy in Colorado
2/20/24
Brixton Capital purchased The Windsor, a 352-unit, two-story townhome and apartment community in Lakewood, CO, in a $124.25 mil ($353k/unit) transaction. The asset was sold by Boston, MA-based TA Realty. the deal was financed...
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• San Fernando Valley Res Property Refinanced with $12 Mil Loan
2/19/24
Laurel Canyon Apartments, a 46-unit multifamily property in the eastern San Fernando Valley community of Valley Village, was refinanced with a new loan for $12.1 mil.
Built in 2022, the property is located at 5501-5513 Laur...
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• 32-Unit WA Res Property Sells for $7.3 Mil
2/16/24
A local family investment entity acquired Stratford Square Apartments, a 32-unit multifamily property in Burien, WA, for $7.285 mil ($227.7k/unit). The property is located at 12707-12733 13th Lane SW, immediately off SW 128th...
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• Legacy Partners and The Resmark Companies Underway on Two SFR Build-to-Rent Communities in Texas
2/16/24
Legacy Partners and The Resmark Companies are developing two single-family, build-to-rent communities in the fast-growing northern Dallas suburbs. These include Highland, comprising 133 homes in the Collin County city of Meli...
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• Deacon Development is Wrapping Up Work on Three OR Multifamily Developments
2/16/24
Deacon Development is nearing completion on three new Portland and Salem, OR-area multifamily communities – Rivenwood, Merx and Paceline. The projects will add 352 res units to the greater Portland and Salem areas, filling a ...
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• ColRich Multifamily Wraps Up 318-Unit Res Buy in Colorado
2/15/24
San Diego-based ColRich Multifamily acquired Belmar Villas, a 318-unit apartment community in Lakewood, CO. The property is located at 700 S. Reed Ct, east of Hwy 121 and south of Alameda Ave.
Built in 1970, Belmar Villas is...
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• Arizona Mobile Home Park Project Lands $13 Mil Construction Loan
2/14/24
Victoria Farms, a to-be-built 305-pad mobile home park (MHP) community in Lake Havasu City, is closer to completion as the project’s developer has secured a new $13 mil construction loan for the development. Lake Havasu City,...
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• Apartment Property in L.A.’s Koreatown Trades for $200k/Unit
2/14/24
Catalina Tropics, a 32-unit apartment complex in Los Angeles’ Koreatown neighborhood, traded hands in a recent $6.35 mil ($198k/unit) transaction.
The complex, located at 455 S Catalina St, is situated within a serene, tree...
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