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• Atherton-Newport Invests $28 Mil in Phoenix Complex
6/19/06
Irvine-based Atherton-Newport Investments LLC has acquired Morgan Park Apartments, a 428-unit multifamily complex located at 8902 North 19th Ave in Phoenix. Atherton-Newport, which plans to rehabilitate and reposition the pro...
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• Investors Find a Little Bit of Baltimore in La Mesa
6/14/06
A San Diego-based investment group has acquired Baltimore Park, a 51-unit apartment community located at 5707 Baltimore Dr, off I-8 in La Mesa, The four-building community, which sits on 2.24 acres, is situated just minutes f...
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• Tustin Apartment Complex Sells for $123 Mil
6/13/06
An institutional investment partnership made up of Seattle-based Security Properties, Principal Real Estate Investors and State of Illinois Public Pension Fund has closed on a very large Orange County apartment acquisition, h...
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• Bascom's Arizona Ventures Picks Up 252-Unit Phoenix Complex
6/12/06
Bascom Arizona Ventures LLC, a venture of Irvine-based The Bascom Group and Scottsdale-based Multifamily Advisors LLC, has boosted its acquisitions over the past 24 months to more than $297 mil with the $11.39 mil purchase of...
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• Atherton-Newport Acquires $114 Mil Seattle Portfolio
6/09/06
Atherton-Newport Investments LLC, an Irvine-based real estate investment firm, has acquired a $114 mil multifamily portfolio in the greater Seattle region. The portfolio consists of seven apartment communities, with a total ...
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• Bascom's Latest Buy is a Record Breakers in Denver
6/08/06
The Bascom Group, the big Irvine-based apartment owner, has wrapped up a very large Colorado buy, with the $190.5 mil acquisition of The Breakers Resort, a 1,523-unit ($125.1k/unit) luxury community located at 9099 East Missi...
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• Apartment Activity in San Diego Continues on the Decline
6/07/06
Apartment investment activity throughout the city and county of San Diego continues to slow, according to a new study from Burnham Real Estate Services. According to the study, the 154 sales of projects with three units or mo...
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• Multifamily Briefs
6/06/06
WESTWOOD (Los Angeles County) – A private investor paid $5.86 mil for a 30-unit ($195.3k/unit) apartment complex located at 510 and 516 Landfair Ave in Westwood. The property consists of two neighboring buildings, one with 16...
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• Western National Picks Up 207-Unit Complex in La Verne
6/02/06
Western National Realty Advisors' Fund I, a $50 mil private equity fund, has acquired Monte Vista, a 207-unit apartment community in the San Gabriel Valley community of La Verne. Located at 1825 Foothill Blvd, Monte Vista Apa...
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• Hollywood Trilogy Has Happy Ending
6/01/06
Three apartment complexes in Hollywood recently traded hands in transactions brokered by Darin Beebower of Madison Partners. The properties include two adjoining apartment buildings on Orange Dr—both sold within four months—...
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• CA Homes Prices Up 10% from One Year Ago; No Change from One Month Ago
5/31/06
The median price of an existing home in California increased 10.2 percent in April, while sales decreased 21.4 percent compared with the same period a year ago, according to the most recent data from the California Associatio...
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• Multifamily Briefs
5/30/06
VISTA (San Diego County) -- ARCS Commercial Mortgage Co L.P. closed $9.75 mil in financing for the Shadowridge Village Apartments, a 180-unit apartment complex. Constructed in 1983, Shadowridge is a garden-style community wit...
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• SCI Closes on Texas-Sized Apartment Buy
5/26/06
SCI Real Estate Investments, the LA-based tenant-in-common (TIC) investment firm, closed on another Texas acquisition on behalf of its investors, having paid $33 mil for The Reserve at Charles Place, a 264-unit ($125k/unit) g...
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• $450 Mil East LA Redevelopment Project on Hold Until New Owner is Found
5/25/06
A major redevelopment project slated to help revitalize East LA has been delayed, at least for a while, as MJW Investments has decided to sell the 23-acre Sears, Roebuck & Co distribution center in Boyle Heights that is targe...
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• Riverside to Get Its Own Fox Plaza
5/23/06
A venture of MetroPacific Properties and The Nicholson Company has been selected by the city of Riverside to develop Fox Plaza, the first mixed-use project to be built in historic downtown Riverside. Plans for Fox Plaza incl...
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• Real Estate Partners Closes $50 Mil Apartment Buy in Woodland Hills
5/22/06
Real Estate Partners Inc purchased The Arbors at Warner Center, a 250-unit apartment community in the western San Fernando Valley community of Woodland Hills. The asset was sold by Gateway Arbors LLC for approximately $50 mil...
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• Financing Notes
5/19/06
The Phoenix office of Trammell Crow Residential is getting ready to break ground on a new 171-unit townhouse project in Glendale, AZ, called The Quarter, thanks to Fremont Investment & Loan, which is providing $32.85 mil in c...
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• San Pedro Vue Units Selling Fast
5/18/06
More than half of the 318 units at Vue, San Pedro's first waterfront, high-rise residence, were sold during the Phase One two-day sales event on April 29th and 30th. The $175 mil condo project is the largest development to da...
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• Statewide Multifamily Update
5/17/06
SANTA CRUZ (Santa Cruz County) -- RREEF, on behalf of an institutional client, has entered into a joint venture with Seagate Properties for Oceanview and The Breakers Apartments, both located in Santa Cruz. Originally constru...
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• Multifamily Briefs
5/16/06
SANTA ANA (Orange County) – Plaza Del Sol, a 196-unit apartment property at 300-301 W. 2nd St, was acquired by Artists Village JV LLC for $31 mil ($158.2k/unit). Both the buyer and the seller, Granite Four LLC, were repped b...
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