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Henderson Multifamily Portfolio Trades for $75 mil 1/09/08 A major 640-unit multifamily portfolio in Henderson, NV traded hands in a recent $75.35 mil ($117.7k/unit) transaction. The portfolio consists of two condo-mapped complexes – Crossing at Green Valley Condominiums and Martiniq...
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112-Unit Duarte Apartment Complex Listed at $22 Mil 1/08/08 A 112-unit multifamily complex in the San Gabriel Valley community of Duarte was recently put on the market with an asking price of $22 mil, or roughly $196.4k/unit. The property, Bradbury Park, is located at 2222 Huntington ...
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Capstone to Reload Winchester Res Lots 1/07/08 Developers remain optimistic about long-term residential development opportunities in the Inland Empire, as evidenced by the recent acquisition of 377 partially developed lots in the Winchester area of unincorporated Riversid...
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So Much Opportunity for SOMA Condo Complex 1/04/08 A 20-unit live/work condo development in San Francisco’s SOMA district has been listed for sale at a price of $565k/unit. The recently constructed property, containing a total of 23.6k sf of space, has an asking price of $11....
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Temecula Condo Rental Property Sells for $205k/Unit 1/04/08 A private investor out of Newport Beach paid $36.9 mil for Temecula Creek Villas, a 180-unit ($205k/unit) condo rental community in southern Temecula. The asset, the only condo rental complex in the region, is situated in clo...
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Mesa West Provides $30 Mil for Denver-Area Apartment Asset 1/03/08 Mesa West Capital provided $30.6 mil in financing for The Aventine, a multifamily complex located in the Denver-metro submarket of Aurora that was recently acquired by Seattle-based Security Properties Inc. Since its inceptio...
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Major NoCal Residential Project Being Offered for Sale 1/03/08 For any major residential development investors out there, here’s news of a devilish NoCal listing that recently hit the market. The property is Diablo Grande, a 30-acre luxury residential community in the town of Patterson i...
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Glendale Apartment Complex Fetches Almost $200k/Unit 1/02/08 Here’s a recent apartment sales comp from the Tri-Cities area, as Aliso Viejo-based Silverado Canyon Partners purchased Monarch Terrace, a 56-unit asset in Glendale, for $11 mil ($196.4k/unit). The property is located at 1595...
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Buyers Close Pair of Year-End LA Apartment Sales 12/26/07 For some, this is the time of year when activity picks up as investors try to get deals closed before the end of December. In this report we’ll let you know about two year-end apartment sales, with a combined 60 units, in the...
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Venture Plants $22.3 Mil in the Hidden Willows 12/26/07 Hidden Willows Apartments, a 112-unit garden-style community in San Jose, was acquired by a venture of Sares Regis Group of Northern California L.P. (SRGNC) and an investment client of BlackRock Inc in a $22.3 mil deal, or ju...
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Legacy Partners Cracks into Walnut Creek with 109-Unit Complex 12/20/07 A 109-unit apartment community in the East Bay city of Walnut Creek was acquired by Legacy Partners, the Foster City-based commercial real estate firm spun off from Lincoln Property some years back. The property, Tower Court,...
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Unique West Hollywood Multifamily Property Offered for Sale 12/20/07 A very unique multi-family rental property known as 7 Fountains in West Hollywood has hit the market, just in time for your last minute holiday shopping. Built in 2002, 7 Fountains is comprised of 20 custom residential units ...
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SoCal Multifamily Sales Comps 12/19/07 OXNARD (Ventura County) – A Beverly Hills investment group paid $13.35 mil for Villa Valley, an 84-unit ($158.9k/unit) apartment property at 4740-4940 South Rose Ave. The buyer intends to make capital improvements to repositi...
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Oregon Apartment Buyer Puts on Broadway Performance 12/18/07 This report covers three recent apartment sales from Oregon and Washington, with prices that span from $4.5 mil to over $8 mil. In the largest deal, an 87-unit complex in Everett, WA sold for $8.25 mil ($94.8k/unit). The prop...
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Equity Residential Spends $12.7 Mil on Bellevue Condo Conversion Property 12/17/07 Crosspointe Apartments, a 67-unit apartment complex in Bellevue, WA, was acquired by Chicago-based Equity Residential in a $12.725 mil ($189.9k/unit) sale. The property is located at 13850 NE 8th St, minutes from downtown Bel...
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Unique CA Coastal Hotel Hits the Market 12/14/07 Here’s an interesting hotel property for sale in Northern California that we just learned about. The property is the Timber Cove Inn, a 50-unit hotel in Jenner, a very small town just south of Santa Rosa, along Hwy 1 in Sonom...
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AMCAL Equities to Expand Focus to Include Market-Rate Apartments 12/13/07 In response to changing conditions in the housing market, AMCAL Multi-Housing Inc, one of the biggest developers of workforce and low-income housing in California, has expanded the focus of its newly launched division, AMCAL ...
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Sonnenblick-Eichner Arranges DeLuxe Deal in Portland 12/12/07 Sonnenblick-Eichner Company, the firm led by David Sonnenblick and Elliot Eichner, arranged $24 mil of first mortgage financing for the Hotel deLuxe, a stylish, boutique hotel located in Portland, Oregon. The eight-story, 130...
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StarPoint Embarks on $100 Mil San Diego Apartment Investment Program 12/11/07 Now that its been a couple of years since the once-insatiable demand for apartment properties in San Diego by condo converters has pretty much disappeared, investment activity and pricing for apartments has settled down notic...
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Los Angeles-Area Apartment Sales 12/10/07 LOS ANGELES – St. Andrews Preservation LP, out of Manhattan Beach, purchased St. Andrews Arms, a 43-unit asset located at 1511 South St. Andrews Place, for $4.47 mil ($104k/unit). The property was built by the seller's family...
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