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San Diego Apartment Slowdown Continues 12/04/06 Sales of San Diego apartment properties continues to slow, reflecting the difference between sellers' expectations and lower offers being presented by potential buyers. The slowing follows two years of record pricing and a su...
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Multifamily Sales Review 12/01/06 LANCASTER (Los Angeles County) – LA Darts Properties, out of Los Angeles, paid $14.5 mil for CalHFA – Sunrise Lancaster, a 152-unit ($95.4k/unit) community located at 1251 Meadowview Lane. It was part of a six-property portfo...
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24% of First-Time Buyers Can Afford Median-Priced CA Home 11/30/06 The percentage of first-time buyers in California able to afford a median-priced home stood at 24 percent in the third quarter of 2006, compared with 28 percent for the same period a year ago, according to the latest figures ...
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Inland Empire Apartment Market to Remain Strong 11/29/06 While the Inland Empire economy has seen a slowdown from the robust growth of the past few years, the local apartment market remains strong and continues to attract investor interest. At least that's the opinion of Marcus & M...
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CA Housing Finance Agency Collects $52 Mil from Sale of Six Assets 11/28/06 The California Housing Finance Agency recently sold six apartment properties throughout the state that they had taken title to through foreclosure proceedings in the mid 1990s. The assets, which sold for a combined $52 mil, c...
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San Francisco Apartment Rents Expected to See Significant Increases 11/28/06 Employment growth and elevated home prices are fueling strong tenant demand and rental rate increases in the San Francisco apartment market, according to a report by Marcus & Millichap Real Estate Investment Brokerage Company...
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Strong Employment and Population Growth Creating Favorable Conditions for W. LA 11/27/06 Strong employment and population growth, combined with rapid home price appreciation, are promoting favorable conditions for apartment owners and investors in Los Angeles County, according to a report by Marcus & Millichap Re...
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LA Public Pension Funds Commit $65 Mil to New Genesis Workforce Housing Fund 11/22/06 Following the recent defeat of Measure H, Mayor Antonio Villaraigosa announced an innovative public-private commitment to create housing developments for middle-income families across the greater Los Angeles area. Investmen...
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Northwest News 11/21/06 Kennedy Wilson Multifamily Management Group LTD (KW Multifamily), a division of Beverly Hills-based Kennedy Wilson, has purchased Stonehaven at West Campus, a 518-unit, 493.9k sf apartment community in Federal Way, a city sit...
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Multifamily Sales Review 11/17/06 SAN BERNARDINO (San Bernardino County) – The Capital Foresight, out of Bel Air, purchased Tuscany, a 328-unit complex at 2225 East Pumalo St. Margie Molloy and Paul Runkle of Hendricks & Partners brokered the deal for the buy...
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AGI/TMG + CalPERS = AVANT 11/16/06 AGI Capital, a San Francisco-based real estate development company, and TMG Partners, one of San Francisco Bay Area's largest mixed-use property developers, have formed a new joint venture with CalPERS to develop urban-infill...
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Bascom Has Georgia on Its Mind 11/16/06 The Bascom Group, the OC-based apartment investment firm, has purchased Highland South Apartments, a 218-unit apartment community located at 221 Upper Riverdale Rd in Jonesboro, Georgia, for $7.5 mil ($34.4k/unit). The asset ...
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Property Management Notes 11/15/06 Keystone Pacific Property Management Inc has been awarded the property management contract for Irvine Community Development Company's new residential community, Portola Springs. Located in Irvine, the 2,600-acre development ...
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Bascom and Warburg Pincus Team Up in Joint Venture 11/14/06 The Bascom Group and Warburg Pincus Real Estate I L.P have formed a joint venture to invest up to $200 mil in non-performing loans and distressed multi-family properties. The venture, which will purchase both non-performing a...
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Multifamily Sales Review 11/13/06 PANORAMA CITY (Los Angeles County) – Landmark Realty, out of Sherman Oaks, purchased Roscoe Apartments, a 31-unit rent-controlled property at 14931 Roscoe Blvd, for $3.65 mil ($117.8k/unit). Originally built in 1961, the asse...
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The Rob Clark: Hip, Urban West LA Living. Yet Priced for the Working Man 11/10/06 A former garden-style apartment building from the 1970s in West Hollywood has been transformed into a unique residential condo residence offering 100 units ranging from studios on up to spacious two-bedroom units. Located adj...
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Barstow Residents to Get a Nice Riverview 11/09/06 Riverview Apartments, a new 80-unit affordable housing community in the city of Barstow, opened it doors with a grand opening celebration on October 24. The project, located at 200 N. Yucca Ave, was developed by a partnership...
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Bascom Picks Up 1,348 Units in Arizona 11/08/06 Bascom Arizona Ventures LLC recently acquired a five-property portfolio in Tucson, totaling 1,348 units, for $49.45 mil ($36.7k/unit). With these latest purchases, the company has exceeded $408 mil in acquisitions over the la...
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Multifamily Sales Review 11/07/06 HENDERSON, NV (Clark County) – An LA-based private investor purchased Napa Valley Apartments, a 240-unit, Class A apartment community at 1349 W. Horizon Ridge Pkwy, near I-215, for $32.6 mil. The transaction is reported to ha...
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Rents Continue to Grow as Five Markets Reach 11/06/06 By Caroline Latham
CEO, RealFacts
The results of third quarter data just released by RealFacts reveal overall continued rent growth on a national basis, with five markets standing out at above 7%. Leading the way at 10.4% a...
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