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• FSC Spends $28 Mil on Saddlebrook Apartments in WA
6/04/08
In a notable multifamily sale from Des Moines, WA, a town situated 15 miles directly south of Seattle, the 223-unit Saddlebrook Apartments complex was acquired by a Beverly Hills-based investment group for $28.3 mil ($126.9k/...
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• Multifamily Investors Park Their Money in Assets Near San Diego’s Balboa Park
6/03/08
Montecito Point, a 72-unit apartment complex located at 4179 3rd Ave in San Diego, was purchased by a San Mateo buyer for $17.5 mil ($243k/unit). Built in 1987, the property is situated north of Washington St and west of the...
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• San Diego Renters Very Satisfied with H.G. Fenton
6/02/08
For the sixth consecutive year, H.G. Fenton Company has been awarded top national honors based on resident satisfaction for its 11 San Diego County apartment communities, combining 2,800 apartment homes in total.
SatisFacts ...
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• The Chapman Redeveloped into Upscale Rental Project
5/30/08
The adaptive reuse project encompassed a broad range of interior, exterior and environmental considerations, added Wade Killefer, Principal at Killefer Flammang. “Of special interest to residents are the roof-top amenities, w...
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• New Affordable Housing Project Completed in San Diego’s Barrio Logan Area
5/29/08
A new affordable housing project in downtown San Diego is set to open to the public on June 5 at a Grand Opening and Dedication ceremony that will include San Diego Mayor Jerry Sanders and City Councilmember Ben Hueso along w...
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• $38 Mil Apartment Buy Puget Sounds Good to UDR
5/28/08
In a big Puget Sound apartment buy, UDR Inc acquired the 220-unit Hearthstone at Merrill Creek complex for $38 mil, or $172.7k per unit. The community is located at 1901 Merrill Creek Pkwy, west of I-5 and north of Hwy 526 in...
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• New 229-Unit Res Project in Downtown San Diego is Affirmed
5/27/08
Affirmed Housing has purchased a 20k sf property located at 1050 B St in downtown San Diego for the development of a new res project to be called Ten Fifty B. The seller, The Smiedt Children’s Trust and the Josephson Children...
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• CA Home Sales Perk Up as Prices Continue to Fall
5/27/08
The good news for the CA housing market is that sales increased 2.5 percent in April compared with the same period a year ago, while the bad news is that the median price of an existing home fell 32 percent from the prior yea...
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• CA Housing Silver Lining: First-Time Buyer Affordability Up to 44%
5/22/08
The percentage of households that could afford to buy an entry-level home in California stood at 44 percent in the first quarter of 2008, compared with 26 percent for the same period a year ago, according to a report released...
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• New Mixed-Use Project to Energize Revitalization of Downtown Emeryville
5/20/08
The recent completion of an exciting, transit-oriented mixed-use project is the latest step in Emeryville’s ongoing efforts in revitalizing its downtown area. Called Avenue 64, the development was designed by MVE & Partners f...
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• Mission Valley to Be Awash in 254 New Res Units Thanks to Aquatera
5/19/08
Aquatera, a new urban community in Mission Valley, will be completed in early 2009, bringing 254 new apartment homes to the area. The project is a development of H. G. Fenton Development Company, which will then have 12 commu...
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• Kennedy Wilson Takes Chadwick Name to New Heights
5/16/08
As part of an extensive $14 mil renovation program for its City Heights apartment property in LA’s Koreatown area, Kennedy Wilson Multifamily Group (KWMF) has changed the property name to The Chadwick. KWMF acquired the asset...
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• Upscale Miracle Mile Res Project Ready to Open
5/15/08
A new, upscale residential development is slated to open in LA’s Miracle Mile area. Called Viridian, the project is located at 5659 West 8th St, at the corner with Hauser, and contains a total of 60 units that average almost ...
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• Barak and Weller Hope to Get Lion’s Share of SoCal Value-Add Multifamily Opportunities
5/14/08
Two Los Angeles real estate veterans, Mory Barak, formerly of Buchanan Street Partners, and Jeff Weller, formerly with CB Richard Ellis, have formed Lion Real Estate Group LLC, a privately held real estate investment firm foc...
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• Holliday Fenoglio Fowler Arranges $24.7 Mil for Phoenix Multifamily Project
5/13/08
West Town Court, a planned 274-unit multifamily development in Phoenix, is expected to get underway after receiving $24.7 mil in construction money in a financing deal arranged by Holliday Fenoglio Fowler. Estimated for compl...
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• San Diego Apartment Market Remains in Slowdown Mode
5/12/08
The latest data shows a continuing slowdown in San Diego apartment property sales, with 93 transactions totaling 1,459 units during the first quarter of 2008. According to figures from Cushman & Wakefield, the most recent qua...
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• New Multifamily Development Livens Up Westwood Village
5/09/08
A new upscale multifamily development is bringing new life to Westwood Village and is expected to spark additional interest in this desirable mixed-use area in West LA, situated adjacent to the UCLA campus. The project, Palaz...
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• Riverside Ranked as a Leading City for Job Growth
5/09/08
Businesses pondering relocation and developers looking for opportunities should give some consideration to the City of Riverside, which continues to top national economists’ lists for job and employment growth, due to its div...
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• AMCAL Opens Brawley Affordable Housing Project
5/08/08
A new 72-unit affordable apartment development just opened to the public in Brawley, a smallish town of roughly 22,000 people situated north of El Centro and I-8, in the southeastern corner of California. The project, Valle d...
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• Village People Recognized for Irvine Spectrum Apartment Project
5/07/08
The 31.5-acre master-planned Village at Irvine Spectrum, developed by The Irvine Company Apartment Communities (IAC) and designed by MVE & Partners, was awarded a prestigious Pillars of the Industry Award at The National Asso...
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