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• Investment Activity in San Diego Apartment Market Expected to Maintain Pace
2/07/08
The apartment market in San Diego is expected to continue to post modest improvement this year, supported by steady job growth, high home prices and limited new supply, according to national brokerage firm Marcus & Millichap....
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• 141-Unit Reseda Community Offered for $17.5 Mil
2/06/08
A 141-unit multi-family complex in the central San Fernando Valley community of Reseda has been offered for sale with an asking price of $17.5 mil, or just over $124k/unit. The 92.1k sf property, called Villa La Paloma, is lo...
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• Western National Awarded Management Assignment for 5-Property Portfolio
2/05/08
A third-party management assignment for a portfolio of five new apartment communities in California was awarded to Western National Property Management, the multifamily real estate management arm of Western National Group, in...
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• DBBM Provides $185 Mil for Multifamily Portfolio Buy
2/05/08
In news of a sizable financing deal, Deutsche Bank Berkshire Mortgage (DBBM) recently provided BPG Properties Ltd a $185 mil Freddie Mac loan for the acquisition of Boston Capital REIT, an 11-property portfolio of multifamily...
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• CA Home Sales and Prices Take another Hit in December
2/05/08
Many homeowners in California are of the mindset that Congress’ proposed economic relief package can’t come soon enough, as the state continues to endure significant fallout from the implosion of the housing market. According...
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• Condo Development: Time to Live to Fight Another Day
2/04/08
by Jonathan Lee
By Jonathan Lee, Assistant Vice President
George Smith Partners
As George Smith Partners continues to dialogue with our clients regarding the financial landscape, it is the condominium developer that seems to have the most d...
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• Puget Sound Multifamily Asset Trades in $65 Mil Deal
2/01/08
A 464-unit multifamily community in the Puget Sound region was acquired by San Diego-based Fairfield Residential in a $65.6 mil ($141.4k/unit) transaction. The property, the Glen Park Apartments, is situated on 33 acres at 95...
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• North San Fernando Valley Multifamily Asset Fetches $175k/Unit
1/31/08
An 85-unit apartment complex in the northern San Fernando Valley sold for $14.85 mil, or approximately $174.7k/unit. Called Woodley Apartments, the property contains 116.7k sf of space on a 2.68-acre lot located at 10139 Wood...
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• San Francisco Apartment Market Ranked First in the Nation
1/30/08
San Francisco’s healthy economy is driving apartment demand, as both employment and population growth are forecast to record increases in 2008 that are considerably higher than the metro’s long-term averages, according to the...
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• Highland Realty Capital Arranges $51 Mil in Financing for Atlanta GA Buy
1/29/08
Highland Realty Capital Inc (“HRC”) arranged $35 mil in bridge financing and $16.1 mil in joint venture equity for the acquisition of two multifamily properties, comprising 792 units, in two Atlanta, GA submarkets. The proper...
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• Beaverton Apartment Property Gets a Guardian
1/29/08
A 260-unit apartment community in Beaverton was purchased by Portland-based Guardian Management in a $24.2 mil ($93k/unit) transaction. The property, called the San Remo, is situated on 12.5 acres at 4900 Greensboro Way, sout...
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• Wiseman Comes Up with Smart Plan for West LA Site
1/28/08
A new mixed-use development is slated for a well-located West Los Angeles infill location, as a venture of Wiseman Development and Maxxam Enterprises has obtained entitlements for a retail and residential complex at the north...
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• Highland Capital Arranges $14 Mil for New Sonoma County Res Project
1/25/08
A planned 200-unit residential development in Sonoma County is a little closer to reality, after securing $13.78 mil in mezzanine debt, which was arranged by Highland Realty Capital. The project, Windsor Mill, is located on r...
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• Multifamily Deal Review
1/24/08
Marcus & Millichap is one of the leading investment brokerage firms in the country and handles many of the multifamily sales that we report on RENTV. Here’s a look at a number of year-end transactions negotiated by the broker...
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• LA Apartment Market Expected to Do Well in 2008
1/23/08
Apartment properties in Los Angeles are expected to record strong performance in 2008 due to tight operating conditions and lower housing affordability, according to the 2008 National Apartment Report by Marcus & Millichap, t...
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• Rent Growth Lagging Behind Inflation
1/22/08
By Caroline Latham, CEO
RealFacts
Just released government figures put the inflation rate for 2007 at 6.3%. This is bad news for investors in apartments where the annual rate of rent growth is 3.7%. The only Metropolitan Sta...
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• Longwell Enjoys Avante-age in $38 Mil Multifamily Buy
1/18/08
A 382-unit apartment community in Washington recently traded hands in a transaction valued at $100.2k/unit. The property, The Avante, is located at 1610 West James Place in Kent, a city located roughly 20 miles south of Seatt...
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• Lennar Sells AZ Homes through Online Auction
1/14/08
Lennar, the big national home builder, recently sold 16 new homes in the community of Laureates at Savannah in Litchfield Park, AZ through an online home auction conducted by RealtyBid.com. The two-week online event took plac...
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• First Phase of SF Valley Condo Project Sells Out
1/11/08
Phase One at Vassar Villas, a unique 18-unit condominium project located in Canoga Park, sold out in less than a week, offering some hope to those who may have come to feel that demand for lower-priced condos had all but disa...
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• 80-Unit Hollywood Multifamily Asset Sells for $300k/Unit
1/10/08
Multifamily assets in West LA extending east through much of the Hollywood, SilverLake and Los Feliz areas still draw top dollar from investors looking for properties in high-demand areas. In a recent Hollywood comp, Promethe...
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