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San Pedro Condo Tower Looking for a Vue Good Homebuyers 1/24/06 Plans were recently unveiled for a new high-rise waterfront residential community, called Vue, to be constructed in the city of San Pedro. The 318-unit project, a JV development of Beverly Hills-based Galaxy Commercial Holdin...
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Japanese Firm Buys 20% Interest in Kennedy Wilson Apartment Divison 1/23/06 In a sign that Japanese capital is returning to the US real estate markets, Kennedy Wilson, the Beverly Hills-based real estate investment and services company, announced the sale of a 20% interest in its apartment management...
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Multifamily Briefs 1/20/06 COSTA MESA (Orange County) – A Newport Beach-based development company paid $3.25 mil for Costa Del Lido, a 10-unit ($325k/unit) apartment complex located at 2453 Orange Ave. The asset consists of 10 fully detached cottages o...
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Irvine-Based Western National Collects $11 Mil from Sale of Seattle Complex 1/18/06 A 148-unit San Diego-area apartment complex sold for $9.5 mil ($64.2k/unit). The property, called the Astro Apartments, is at 2233-2281 Ulric St, south of Genesee Ave between Linda Vista Rd and the 163 Fwy in Linda Vista. The...
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Lowe Selected to Develop Transit-Oriented Project in Azusa 1/17/06 LA-based Lowe Enterprises was selected by the City of Azusa to develop a $30-$35 mil mixed-use housing and retail project, the city's first transit-oriented development and a key component to its downtown revitalization progr...
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NoCal Apartment Sales 1/16/06 Here's a look at a few recent multifamily sales from around the Bay Area. We'll start in San Francisco, where Herbert Donaldson paid $2.8 mil for a six-unit ($466.7k/unit) property at 349 Cherry St, a couple of blocks from th...
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Bascom Closes 2005 with a 345-Unit Denver Purchase 1/13/06 The Bascom Group, out of Irvine, has closed on a sizable Colorado apartment buy, after paying $17 mil for Highline Terrace, a 345-unit ($49.3k/unit) complex located at 1090 South Parker Rd in Denver. It was sold by Rockboroug...
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Pair of SoCal Apartment Sales Total $27 Mil 1/12/06 Bel Air Vista Apartments, a 40.6k sf apartment complex situated on three parcels at 426 South Sepulveda Blvd, between Sunset and Wilshire Blvds, sold for $15.4 mil ($379/sf). The community is located in an upscale West LA nei...
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Apartment Sales Review from Hendricks 1/10/06 This report will review five recent apartment sales brokered by the folks at Hendricks & Partners, one of the more successful multifamily investment brokerage firms. Three of the deals are in California, while the others are ...
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Draftsmen & Craftsmen - Views at 270 Wins California Construction "Best of 2005" 1/10/06 The Views at 270 won California Construction's “Best of 2005, Residential” award for its innovative approach to combining affordable housing with a national retail developer. The project, a development of Hollywood Community ...
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Latest Lowe Acquisition Premieres in West LA 1/09/06 A joint venture between Lowe Enterprises Investors, acting on behalf of an investment client, and Sebren Development has acquired The Terraces at Westside Premiere, a 60-unit, two-story courtyard apartment community in the Pa...
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Financing Notes 1/06/06 Fremont Investment & Loan, the national commercial real estate lending entity of Fremont General Corporation, has wrapped up a trio of big multifamily deals in Arizona, two of which were with Vancouver, Canada-based 20/20 Pro...
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Multifamily Briefs 1/05/06 DIAMOND BAR (Los Angeles County) – Seasons Senior Apartments, a 149-unit asset at 23750 Highland Valley Rd, traded hands at a price of $14.4 mil ($96.6k/unit). The 82.7k sf property was constructed in 1989 and is situated on ...
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Multifamily Briefs 1/04/06 UPLAND (San Bernardino County) – The Laurel and Palmetto Apartments, a 29-unit apartment complex on .7 acres at 889 North Laurel Ave and 888 North Palm Ave, sold for $4.19 mil ($144.5k/unit). The property was constructed in 1...
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Financing Notes 1/03/06 Irvine-based TMC America has provided $16.77 mil of equity financing for four new single-family home communities by Pinnacle Real Estate Ventures Inc. Two of the developments are at Quartz Hill, located in Lancaster, while th...
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Bascom Arizona Reaches $270 Mil in Acquisitions Over the Last 18 Months 12/30/05 Bascom Arizona Ventures LLC has closed on another sizable Arizona acquisition, after paying $13.7 mil for the Northern Landing Apartment community, a 286-unit ($47.9k/unit) asset located at 8135 North 35th Ave. Connecticut-ba...
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New Pacific Reaches Shore in Beverly Hills 12/29/05 In one of the bigger condo development announcements from the past month, at least in terms of glamour and cost, New Pacific Realty made public its plans for its high-profile site at 9900 Wilshire Blvd, just east of the famou...
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Sperry Van Ness Keeps the Multifamily Deals Moving Along 12/27/05 Here are the latest multifamily deal briefs from Sperry Van Ness (SVN), the national investment brokerage operation based out of Irvine. These transactions cover two smaller apartment sales and a land sale in Southern Califor...
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Seniors to Get New Lease on Life at University Village 12/23/05 Construction has begun on Phase I at University Village Thousand Oaks, a new continuing care retirement community in Thousand Oaks. The community's new model home is now open for tours. The model home, which features a full-s...
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Multifamily Briefs 12/22/05 CORONA (Riverside County) -- San Diego-based investor Hammer Ventures has purchased The Crossing, a 296-unit ($182k/unit) apartment complex at 2125 High Point Dr. Hammer paid $53.9 mil for the asset, which it plans to convert...
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