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Financing Notes 5/21/07 George Smith Partners (GSP) has arranged $17.7 mil of senior and mezzanine acquisition financing for Estancia Apartments, a 152-unit apartment complex located at 1720 East D St in Ontario. The property was purchased for $20.5...
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Financing Notes 5/17/07 The Koll Company has secured $130 mil in construction financing for the first phase of Hacienda, a master-planned oceanfront community of 239 full-ownership homes in Cabo San Lucas, the popular tourist destination at the tip ...
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Financing Notes 5/16/07 ARCS Commercial Mortgage has arranged $192.2 mil in financing on 12 multifamily properties in the San Francisco Bay Area, with a total of 1,666 units, on behalf of The Woodmont Companies, a Belmont-based owner/manager. The pr...
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SoCal Multifamily Sales Review 5/15/07 SAN BERNARDINO (San Bernardino County) – A California-based investment group paid $8.5 mil for Hillside Apartments, an 80-unit ($106.3k/unit) complex on an 8.5-acre lot at 2156 Kendall Dr. It is comprised of 32 one-bedroom/on...
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Arizona Sales Review 5/11/07 CHANDLER – Scottsdale-based PEM Investments LLC paid $22.75 mil for Greentree Place, a 256-unit ($88.9k/unit) apartment property at 250 South Elizabeth Circle. Built in 1987, Greentree Place Apartments' low density site plan ...
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SNK and MacFarlane Partners to Build Phase III of The Crossing 5/10/07 SNK Realty and MacFarlane Partners have formed a joint venture to build The Crossing Phase III, a 350-unit, luxury multifamily residential development in the NoCal town of San Bruno, which will feature both for-sale condos an...
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CityView and Landmark Team Up for New Marina Del Rey Condo Development 5/09/07 CityView and California Landmark are partnering on a new $90 mil infill residential condo project in a section of Marina del Rey that is known as the Del Rey Arts District, an area situated south of Washington Blvd and just e...
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Central Cal Apartment Portfolio Offered at $180 Mil 5/08/07 A 14-property multifamily portfolio in California's Central Valley has been put on the market with an asking price of $180.7 mil. The portfolio, made up of nine communities in Fresno and five in Bakersfield, contains a total ...
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Hutton Development Acquires 40 Acres in Upland for Mixed-Use project 5/07/07 May 7, 2007 – Hutton Development Acquires 40 Acres in Upland for Mixed-Use project
College Park to Contain Luxury Apartments, Single-Family Homes and Retail
Hutton Development Company has purchased 40 acres of land located a...
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– SARES●REGIS Closes $38 Mil Denver Apartment Buy 5/04/07 Irvine-based SARESœREGIS has returned to Denver by acquiring CityGate, a 241-unit Class A apartment community located at 2890 Brighton Blvd in downtown Denver, for $38 mil ($157.7k/unit). The purchase signals the companyfs ...
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Poway Apartment Complex Sells for $16 Mil 5/03/07 MG Properties paid $15.95 mil for Valle West Apartments, a 126-unit ($126.6k/unit) community at 13608-13628 Pomerado Rd in Poway. Built over 4.32 acres in 1975, Valle West consists of eight two-story buildings containing 68 o...
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Southwest News 5/02/07 San Diego-based Redhill Realty Investors LP purchased Flagstone, a 376-unit apartment community at 30 West Carter Dr in Tempe, AZ, for $35 mil ($93k/unit). Built in 1985, Flagstone Apartment Homes is a low-density (21 units p...
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DBN Looking for Approval of Dana Point Mixed-Use Project 5/01/07 Laguna Hills-based DBN Development has acquired a site at the north end of the recently approved Dana Point Town Center for the development a mixed-use project that will feature 22 residences over 12k sf of retail space. The ...
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Southwest News 4/30/07 Laguna Villas Apartments, a 272-unit apartment complex in the master-planned area of Ocotillo in Chandler, AZ, was purchased by Valle West Tennis Club Apartments, doing business as Water's Edge at Ocotillo Inc, at a price of...
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CA Home Sales Drop 20.8% from Previous Year 4/27/07 Home sales in California continue to decline, as the number of homes sold in March decreased 20.8 percent compared with the same period a year ago, according to the latest data from the California Association of Realtors® (C....
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MBK Acquires Site for Second Gardena Project 4/26/07 Irvine-based MBK Homes has acquired a seven-acre site in the city of Gardena for the development of what will be the first new residential project in the city's recently adopted Artesia Corridor Specific Plan. The site is loc...
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SoCal Multifamily Sales Review 4/25/07 HOLLYWOOD (Los Angeles County) – Alliance Residential paid $34.5 mil for the historic Hollywood Tower at 6200 Franklin Ave. The property consists of a landmark, 52-unit apartment tower built in 1929, along with adjacent land ...
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Beverly Hills Site Fetches an Amazing $1,435/sf 4/24/07 In what is one of the largest real estate sales ever in Southern California, London-based CPC Group paid $500 mil for the Beverly Hills Robinsons-May department store site, an eight-acre parcel of land at 9900 Wilshire Blvd, ...
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Historic Venice Multifamily Property Trades for $10.8 Mil 4/19/07 Oceanview Apartments, a 61-unit historic apartment community with retail on the ground floor and basement, in the LA Westside community of Venice, was purchased by a Los Angeles-based private investor for $10.8 mil ($177k/uni...
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Developer Acquires Land in San Diego's Kensington Area for Mixed-User 4/18/07 Terrace Partners LP closed two land buys in San Diego's Kensington area, for the development of a mixed-use project to be called Kensington Terrace. In the more recent purchase, the company acquired two adjoining lots totalin...
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