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• United Dominion Makes $146 Mil Buy of Two New NoCal Apartment Communities
8/21/06
United Dominion, the Richmond, VA-based apartment REIT, boosted its portfolio by another 650 units with the acquisition of two recently completed apartment communities in San Ramon, a NoCal city situated southeast of Oakland ...
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• Financing Notes
8/18/06
Newmark Realty Capital Inc has arranged $100 mil in permanent financing for The Knolls Apartment Homes and the Westlake Canyon Apartment Homes, two Class A apartment projects totaling 672 units located in Thousand Oaks. Newma...
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• Pacific Coast Capital Partners and Jackson Square Properties Acquire 1,918 Units
8/17/06
A joint venture between Pacific Coast Capital Partners (PCCP) and Jackson Square Properties, out of San Francisco, has acquired the Maple Leaf Portfolio, a 1,918-unit apartment portfolio consisting of nine, Class B garden-sty...
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• Multifamily Briefs
8/16/06
ALPINE (San Diego County) – Creekside Meadows Apartments, a 144-unit complex at 1750 Arnold Way, was purchased by Alpine Creekside Inc for $16.14 mil ($112.1k/unit). Built in 1986, Creekside Meadows is a seniors community tha...
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• StarPoint Purchases 83-Unit Complex in LA's Mid-Wilshire Area
8/15/06
StarPoint Properties LLC has purchased Kingsley Drive Towers, an 83-unit apartment building in Los Angeles, for $11 mil ($132.5k/unit). Located at 737 S. Kingsley Dr, south of Wilshire Blvd between Western and Vermont Aves, ...
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• Room for a Vue
8/14/06
The former Pacific Trade Center building in San Pedro was demolished in a controlled collapse a few days ago, marking the first step in the development of Vue, San Pedro's first high-rise development.
“This was an amazing e...
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• Hager Pacific Purchases $39 Mil Apartment Property in Atlanta
8/11/06
LA-based Hager Pacific Properties recently closed on its second major acquisition in Atlanta, having paid $39 mil for Tree Crest Apartments, a 734-unit ($53.1k/unit) community located at 4946 Snapfinger Rd, in the Atlanta sub...
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• It Looks like There Really is a Santee Claus
8/10/06
MJW Investments and Phoenix Realty Group have just released the final three buildings at Santee Village, the largest adaptive reuse development in downtown LA's urban housing market. Sales at the three buildings – The Santee,...
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• Multifamily Briefs
8/09/06
PLEASANT HILL (Contra Costa County) – Lincoln Green, a 252-unit complex at 225 and 250 Coggins Dr, was purchased by ERP Operating LP, the giant residential REIT based out of Chicago. It is located within walking distance to t...
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• San Diego Apartment Market Sees Rents Up, Vacancies Down
8/08/06
An expanding local economy and home affordability that ranks among the lowest in the nation are supporting strong tenant demand that has helped the San Diego apartment market sustain high occupancy over the past few years, ac...
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• Luxury Irvine Condo Tower Scheduled to Debut in Summer 2008
8/08/06
More than 40% of the units have been sold at 3000 The Plaza, a luxury high-rise condo project currently under construction in Irvine. Located on Jamboree Rd between Campus Dr and Dupont Dr, the 15-story tower is a development...
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• Work to Start on Broadway Chapman in Downtown LA
8/07/06
The renaissance in downtown Los Angeles continues, as another historic office building from the city's central core will be converted into a hip residential condo project. Construction is set to start any day on the Broadway ...
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• SoCal Sales Review
8/04/06
POINT LOMA (San Diego County) – Villa Point Loma, a 43-unit apartment property at 3742-3788 Curtis St, was purchased by the Lattimer Family Trust, out of La Jolla, for $10.25 mil ($238.4k/unit). Built in 1964 by the seller, t...
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• Multifamily Briefs
8/04/06
DALLAS, TX (Dallas County) -- Passco Companies LLC, the SoCal-based T-I-C investment firm, has acquired The Towns of Riverside, a 436-unit, luxury apartment complex. The asset, which consists of 59 two-story buildings plus a ...
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• Financing Notes
8/03/06
Fremont Investment & Loan, the Santa Monica-based subsidiary of Fremont General Corporation provided $215 mil in construction financing for development of Nexus Companies' “Skyline at MacArthur Place”. The development is a 24...
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• Res Condo Market at Wilshire and Western Energized by Solair Power
8/02/06
It looks like the intersection of Wilshire Blvd and Western Ave in LA's Mid-Wilshire district is going to get a little busier, as a new residential tower project is about to get underway. The $160 mil transit-oriented mixed-u...
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• Apartment Occupancy Continues to Climb
8/01/06
While the home buying market may be cooling down, the rental market is heating up, as second quarter data released by RealFacts on July 15 reveals increased occupancy across all but one of the 29 major MSAs that the well-rega...
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• Inland Empire Apartment Community Trades for $26 Mil
7/31/06
Osage Tower LTD has purchased the 228-unit Crest apartment community in the Inland Empire community of Grand Terrace for $26.5 mil, or about $116.2k/unit. The asset was sold by Kennedy Wilson Multifamily Group, a division of ...
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• Multifamily Briefs
7/28/06
SPRING VALLEY (San Diego County) – A Mission Viejo-based investment entity has paid $18.5 mil for Spring Villas, a 136-unit complex located at 8760 Jamacha Rd, near I-8 and Hwy 94 in Spring Valley, an unincorporated communit...
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• June CA Home Prices Up 6.2% from 2005, but Sales Drop 26.3%
7/27/06
Although it seems that the majority of economists and real estate industry experts tend to feel that the residential real estate boom is over and that the upperhand is now with prospective home buyers, the median price of an ...
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