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• Dunleer Picks Up 144-Unit Res Asset in Dallas
3/10/23
L.A.-based Dunleer has acquired The Lex, a 144-unit value-add apartment community located at 9701 West Ferris Branch Boulevard in Dallas, TX. Built in 1984 and situated on 5.97 acres of land, the gated community features six ...
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• AHV Launches Third-Party Built-For-Rent Services®
3/10/23
AHV Communities has launched Third-Party Built-for-Rent® Services, providing end-to-end, institutional grade development and homebuilding services to the fast growing Built-for-Rent® sector. The services are being offered to ...
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• New 82-Unit Affordable Housing Community in DTLA’s Skid Row Completed
3/07/23
LAMP Lodge, a new, 82-unit affordable housing community in Downtown Los Angeles’ Skid Row neighborhood, has officially opened to the public. The project, located at 656-660 Stanford Ave, will provide affordable and accessible...
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• Tishman Speyer Starts Work on Santa Monica Res Projects
3/02/23
Tishman Speyer has begun construction on the first phase of the Santa Monica Collection, a portfolio of eight development sites across nearly 3.1 acres in Downtown Santa Monica. The first phase of development encompasses four...
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• El Cajon Apartment Portfolio Trades in $16 Mil Deal
3/02/23
A three-property, 61-unit multifamily portfolio in El Cajon traded for $16.17 mil ($265k/unit). The sale consisted of the following properties:
• Sunshine Manor - located at 948 South Sunshine Ave, the Class C property (buil...
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• Downtown L.A. Real Estate Showing Steady Growth Starting Off 2023
3/01/23
This report provided by Downtown Center Business Improvement District
While it faced significant challenges like most city centers across the country, Downtown LA (DTLA) weathered a turbulent 2022 relatively well and is show...
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• Denver-Based Kentro Group Buys 24 Acres in Colorado for Development
3/01/23
Kentro Group, a Denver-based real estate developer, has acquired 24 acres of land on two adjacent parcels in Loveland, CO, purchased in separate transactions. The developer plans to construct a new residential project on the ...
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• The Bascom Group LLC and Artemis Real Estate Partners Buy Active Adult Community in Lakewood, CO
3/01/23
The Bascom Group LLC and Artemis Real Estate Partners have acquired Avenida Lakewood, a 230-unit Active Adult (55+) apartment community in Lakewood, CO. The purchase price was not immediately disclosed.
The Class A property ...
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• San Diego Multifamily Market Closed Out 2022 with Strong 4th Quarter
2/27/23
This 4th quarter 2022 overview provided by real estate services firm Northmarq
San Diego multifamily market highlights:
• Most property performance metrics in San Diego improved in 2022, and conditions were strong in the fo...
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• Austin Res Development Funded with $75 Mil Construction Loan
2/27/23
A 182-unit condominium development in the South Lamar section of Austin, TX has landed construction financing of $75 mil. The money was provided by Knighthead Funding LLC.
Situated on an 80.9k sf site at 2323 South Lamar Blv...
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• Glencrest Group Closes $27 Mil Buy of Portland Res Community
2/24/23
Glencrest Group purchased Meadowland Apartments, a 168-unit, garden-style apartment in Portland, for $26.85 mil ($160k/unit). The property, which was sold by NBP Capital, will be renamed Township Eastside by the new ownership...
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• Cityview Underway of 243-Unit Workforce Housing Project in L.A.’s Historic Filipinotown District
2/16/23
Cityview is looking at a fourth quarter 2023 completion for Belle on Bev, a 243-unit workforce housing project in Los Angeles’ Historic Filipinotown (HiFi) District. The mixed-use, LEED Silver project, located at 1800 Beverly...
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• 29th Street Capital Spends $41.6 Mil on Res Community in Scottsdale, AZ
2/16/23
Chicago-based 29th Street Capital has acquired Dwell Apartment Homes, a 193-unit res community in Scottsdale, AZ, for $41.6 mil ($215.5k/unit). The property, located at 1923 N. 70th St, was sold by Avanti Residential, who pur...
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• Redevelopment Site in South Los Angeles Trades for Just Over $3 Mil
2/14/23
A 24.7k sf parcel of land located in South Los Angeles sold for $3.15 mil. The redevelopment opportunity is located at 4420 S Broadway, just south of Vernon Ave and just east of the 110 Fwy.
The lot has a zoning of LAC2-2D-C...
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• Hawkins Companies Lands $56 Mil in Construction Money for Idaho Res Project
2/14/23
Hawkins Companies secured $56 mil in construction financing for the development of Canyon Ridge, a five-building, 287-unit multifamily project located at 2454 E Gowen Rd in Boise, Idaho. The lender is Sunwest Bank.
Canyo...
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• Redevelopment Property in San Diego’s Bankers Hill Goes for $4.75 Mil
2/10/23
Liberty National Corporation purchased an urban infill redevelopment property in San Diego's Bankers Hill submarket for $4.75 mil. Located at 1905 – 1927 Fifth Ave, the property consists of an 18.6k sf building on 0.33 acres....
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• Harbor Bay Ventures Picks Up Development Land in Salt Lake City’s Sugar House Neighborhood
2/09/23
Northbrook, IL-based Harbor Bay Ventures has acquired a 1.22-acre multifamily development site in Salt Lake City, UT. Known as the Wells Fargo office building, the property is located in the heart of the city’s popular Sugar ...
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• Alliant Strategic Development Starts Work on Four Res Projects in the San Fernando Valley
2/09/23
Alliant Strategic Development (ASD) has broken ground on four transit-oriented multifamily housing communities that will add more than 700 attainable and affordable rental units to Los Angeles’ San Fernando Valley.
The four...
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• Two L.A. Area Multifamily Refinancings Total $14.7 Mil
2/07/23
Two Los Angeles multifamily properties totaling 147 units were refinanced in separate deals with a combined loan value of $14.7 mil, on behalf of a single investor. The financings, both for TIC borrower structures, were arran...
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• Los Angeles Student Housing Property Refinanced for $16 Mil after Recent Improvements
2/06/23
Victory on Portland, a 55 unit/139-bed student housing property in Los Angeles, has been refinanced for $16.1 mil by its owner, Champion Real Estate Company. The property is located at 2353 Portland St, east of Hoover St and ...
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