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• New Affordable Housing Project Opens in Fresno
7/03/08
A new affordable housing community is set to open to the public in Fresno. Called Sandstone, the 69-unit complex is a development of SoCal-based AMCAL Multi-Housing Inc and is located on 4.9 acres at 1515 E. Jensen Ave, just ...
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• HFF Arranges $39 Mil in Construction and Joint Venture Money for Sparks Multifamily Project
7/02/08
The Orange County office of Holliday Fenoglio Fowler L.P. (HFF) arranged a $29.5 mil construction loan and $9.5 mil in joint venture equity for the development of Pioneer Meadows, a 300-unit Class A multifamily development to...
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• Scottsdale Apartment Property Fetches $155k/Unit
7/01/08
A private investor from Regina, Saskatchewan paid $3.1 mil for Fountain Villas, a 20-unit ($155k/unit) apartment community in Scottsdale, AZ. The community, a failed condo conversion that was recently renovated, is located at...
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• CA Home Sales Up 18% from Prior Year
6/30/08
May home sales sale figures from the California Association of Realtors® (C.A.R.) show that CA sales increased 18.1 percent for the month compared with the same period a year ago, while the median price of an existing home fe...
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• Westside Multifamily Comps
6/27/08
A private investor paid $9.35 mil for The Hollywood Continental Apartments, a 56-unit ($167k/unit) multifamily property located at 7737 Hollywood Blvd, a couple of blocks east of Fairfax Ave in Hollywood. Morgan McMullin and ...
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• Monrovia Mixed-Use Project is Completed
6/26/08
Colorado Commons, a new mixed-use community in historic downtown Monrovia, has just been completed, providing what local politicos believe will be a spark plug in the revitalization of the city’s historic Old Town business di...
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• New Chino Res Project Includes 106 Affordable Units
6/25/08
Meadow Square, a new 250-unit apartment community located at 7750 Desert Holly St, near the intersection of Pine Ave and Euclid Ave in Chino, is now open and currently available for lease. Situated within The Preserve at Chin...
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• AMCAL’s Avenue 26 Wins Best in American Living – Silver Award for Affordable Housing
6/24/08
Agoura Hills-based AMCAL Multi-Housing Inc, was recently honored with the Best in American Living – Silver Award for Affordable Housing by Professional Builder Magazine and the National Association of Homebuilders (NAHB) for ...
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• Job Growth Expected to Help Seattle Multifamily Market Maintain Housing Demand
6/23/08
Hendricks & Partners, one of the leading multifamily investment brokerage firms in the nation, has put together a 2008/2009 forecast for the Seattle/Tacoma MSA multifamily market. We’ve reprinted the forecast below:
With rou...
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• AMCAL Breaks Ground on East Oakland Affordable Housing Project
6/20/08
Brookfield Place, a new multifamily property in East Oakland that is hoped to serve as a catalyst for change in the community, just got underway at a groundbreaking event that was attended by elected officials, local dignitar...
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• Scottsdale Apartment Communities Fetches $22 Mil
6/18/08
McCormick Place North and McCormick Place South, two adjoining multifamily communities totaling 230 units in Scottsdale, AZ, were acquired by a local investment entity for $21.85 mil ($95k/unit). The properties, one with 112 ...
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• San Diego-Area Apartment Portfolio Sells for $31.5 Mil
6/17/08
A three-property, 211-unit portfolio of San Diego-area apartment communities recently traded hands in a $31.46 mil transaction with an average price of $149k/unit. The assets were purchased by Klingbeil Capital Management, a ...
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• Rancho Cucamonga Apartment Community Sells for $44 Mil
6/16/08
Archstone Woodsong, a 262-unit apartment community in Rancho Cucamonga, was purchased by a Phoenix, AZ-based investment entity for $44 mil, or $167.9k/unit. The property is located at 8255 Vineyard Ave, west of I-15 at the co...
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• Pacific Realty Advisors Snags El Cajon Multifamily Redevelopment Asset
6/13/08
San Diego-based Pacific Realty Advisors is about to get to work on another major project in the region, after having paid $5.8 mil for Pacific Mollison, a seven-building, 68-unit ($85.3k/unit) apartment complex located at 520...
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• Calypso Opening is Music to Upscale Irvine Renters’ Ears
6/12/08
A new and exciting residential development in the heart of Irvine, Calypso Apartments and Lofts, just opened its doors. The 177-unit urban boutique rental community, developed by Shea Properties and located at the intersectio...
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• San Jose Apartment Market Expected to Weather Economic Downturn
6/11/08
A shortage of affordable housing and measured job growth is expected to underpin steady renter demand for apartment properties in San Jose this year, according to a first-quarter Apartment Research Report by Marcus & Millicha...
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• Champion Out-Foxes the Competition for Historic Building Renovation Award
6/10/08
Champion Real Estate Group, the LA-based development firm led by Robert Champion, has received the 2008 People In Preservation Award from Save Our Heritage Organisation (SOHO) for Best Renovation of an Historic Commercial Bui...
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• Bay Area Apartment Sales Comp Review
6/09/08
Here are three smaller Bay Area Apartment sales comps to give you a better idea of the kinds of deals currently getting done in the region. These recent transactions are from the cities of Belmont, Santa Clara and San Francis...
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• Optimistic Outlook for Inland Empire Apartment Market
6/06/08
Although apartment properties in the Inland Empire will likely experience a slowing in renter demand this year, the metro’s extended outlook remains fairly optimistic, according to Marcus & Millichap’s first-quarter Apartment...
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• San Francisco Apartment Rents to Approach $2k/Mo by Year-End
6/05/08
Apartment fundamentals are expected to remain relatively strong in San Francisco this year, buoyed by low housing affordability, but the pace of economic growth will slow and rent gains will ease, according to a first-quarter...
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