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• Apartment Sales in San Diego Decline for Second Straight Year
3/14/07
Apartment property sales in San Diego County declined for the second straight year in 2006, a sign that the market is correcting following several years of frenzied investor buying at record-high prices. The study, conducted ...
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• Lofty Expectations for New Mixed-Use Project in Glendora
3/13/07
�Vermont Avenue Lofts�, a new mixed-use condominium, office and retail project in Glendora�s �Downtown Village,� just broke ground at the end of last month. The project, being developed on a design and build basis b...
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• Palo Alto Buyer Acquires Burlingame Towers
3/12/07
A Palo Alto-based investment entity purchased Burlingame Towers, an 85-unit, eight-story apartment complex located at 1469 Bellevue Ave, south of the 101 Fwy and just north of El Camino Real in Burlingame. It was sold by a l...
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• Unique Downtown LA Res Project Located in Historic Theater District
3/08/07
A unique new residential condo project in downtown Los Angeles' historic Theater District is offering one-of-a-kind flats for sale to the public, with occupancy scheduled for summer 2007. The project, called The Chapman, is p...
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• Unique Art Installation at SOMA Condo Project is Just Grand
3/06/07
Soma Grand, a new 22-story condo project at 1160 Mission St, has boosted its marketing efforts with the addition of a one-of-a-kind art installation at its sales center, located just down the street at 1160 Mission St. Named ...
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• Affordability for Entry-Level in CA Housing Down to 25%
3/06/07
The percentage of households who could afford to buy an entry-level home in California stood at 25 percent in the fourth quarter of 2006, compared with 27 percent for the same period a year ago, according to a report released...
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• Second Tower Completes Mozaic
3/05/07
Construction has been completed on the second, 165-unit building at Mozaic, Lincoln Property Company's designer apartment community located adjacent to historic Union Station in downtown Los Angeles. With this latest building...
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• CA Home Sales Down 12.6% from '06; Prices Up 1.9%
3/02/07
January saw homes sales in California drop 12.6% from the previous year, while prices remained more resilient, with a modest increase of 1.9% from January of 2006, according to the California Association of Realtors® (C.A.R.)...
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• New 146-Unit Condo Project Planned for West Oakland
3/01/07
San Francisco-based AGI Capital plans to develop a 146-unit condo development at West Grand and Bush Streets in the West Oakland district of Oakland. The company has secured entitlements on the site's three parcels, which tot...
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• Hip New West Hollywood Condo Project Selling Fast
2/28/07
Sales are reported to be brisk at The Rob Clark, the 1972 garden-style building on the southwest corner of 3rd and Clark in West Hollywood that was converted into a hip new condo project. The building, located adjacent to the...
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• LA Apartment Buy Reaches New City Heights
2/27/07
A venture of Kennedy Wilson Multifamily Management Group (KWMF) and Wachovia Development Corporation has acquired City Heights, a 687-unit, 8.21-acre apartment community on the eastern edge of LA's Koreatown. The complex, loc...
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• Multifamily Sales Review
2/26/07
SAN DIEGO (San Diego County) – A California limited partnership paid $35.25 mil for Point Loma Towers, a 195-unit ($180.8k/unit) apartment community at 3801, 3803 and 3811 Marquette Place. The property, which was constructed ...
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• CA Coastal Multifamily Complex Sells for $24 Mil
2/23/07
A private investor paid $23.9 mil for the Parke Orcutt Apartments, a 117-unit ($204.3k/unit) multifamily complex located at 3235 Orcutt, between Santa Maria Public Airport and Hwy 101 in Santa Barbara County. Orcutt is a desi...
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• Adjacent West Sacramento Multifamily Buildings Sell for $1.9 Mil
2/22/07
West Sacramento Housing Development Corp purchased adjacent apartment buildings, totaling 23 units, in West Sacramento for a combined price of $1.86 mil ($80.9k/unit). One of the acquisitions consisted of a 10-unit 6.5k sf ap...
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• 100-Unit Student Housing Property in Pomona Sells for $15 Mil
2/22/07
A venture of Lowe Enterprises Investors (LEI), an affiliate of Los Angeles-based Lowe Enterprises, and Virtú Investments Inc (Virtú) has acquired the 100-unit Helix at University Village, a student housing property serving th...
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• Multifamily Sales Review
2/21/07
SCOTTSDALE, AZ (Maricopa County) -- Regents at Scottsdale, a 321-unit apartment community at 15555 North Frank Lloyd Wright Blvd, was purchased by Regents Apartments LLC of Ketchum, ID, for $52.96 mil ($165k/unit). Mark Forre...
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• 20-Acre Thousand Oaks Site Acquired for $42 Mil
2/20/07
Davidon Homes has purchased a 20-acre land site in the 2300-acre Dos Vientos Ranch master-planned community, within the city of Thousand Oaks, near the LA/Ventura County border. The land, which traded for $42.1 mil, or about ...
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• Northwest Multifamily News
2/16/07
Portland, OR: The San Diego office of Holliday Fenoglio Fowler, LP (HFF) has secured $45.5 mil in financing for Park Plaza and Ione Plaza Apartments, two multifamily buildings totaling 456 units in downtown Portland. Working ...
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• Tight Vacancy Rate Boosts San Francisco Apartment Market
2/15/07
San Francisco is one of the nation's top performing apartment markets, according to the latest research from Marcus & Millichap. The national investment brokerage firm's 2007 National Apartment Report says that tight vacancy ...
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• Multifamily Briefs
2/14/07
FAIR OAKS (Sacramento County) – Calabasas-based Ezralow Company paid $22.5 mil for Fountains at Fair Oaks, a 270-unit ($83.3k/unit) apartment community located at 4800 Sunset Terrace, in this town of roughly 28,000 people sit...
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