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• San Jose Brickyard Fetches $47 Mil
9/26/05
The Apartment Marketing Group, a division of San Francisco-based Arroyo & Coates, recently brokered two NoCal apartment sales, one in San Jose and the other in Sacramento. Together, the deals were valued at over $68 mil.
In ...
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• Modest Appreciation Predicted for CA Home Prices in 2006
9/23/05
Is 2006 the year that California's housing boom goes bust, or will the country's unprecedented period of price appreciation continue? There are countless opinions on that subject, including the latest forecast from the Califo...
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• Kennedy Wilson Venture Investing $125 Mil in Alameda Residential Complex
9/22/05
Kennedy Wilson's West Coast Acquisition and Asset Management Group (WCAAM) has purchased Harbor Island Apartments, a 615-unit, 19.7-acre residential complex in the East Bay city of Alameda. The property, which was acquired in...
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• Latest Condo Conversion Located on Famous Hollywood KOR-ner
9/21/05
Another major residential conversion is soon to get underway in the LA area, as The KOR Group will convert the famed Broadway Hollywood department store at Hollywood and Vine into a 96-unit condo project that will include a r...
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• Shea Wins another Award for City Lights
9/20/05
City Lights, a 793-unit apartment community owned by OC-based Shea Properties was given Reader's Choice Award for “Best Apartment Community” in Orange County. The Orange County Register presented the honor as part of its 12th...
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• Apartment Renters Seem to Know the Way to San Jose
9/19/05
Occupancy rates in San Jose's apartment market is expected to continue improving over the next year, thanks in great part to soaring single-family home prices and the return of employment growth, according to the latest Apart...
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• Multifamily Briefs
9/15/05
LAKESIDE (San Diego County) -- Marilla Manor Apartments, a 54-unit complex on 1.3 acres at 9760 Marilla Dr, has been sold for $4.4 mil ($81.5k/unit). The complex is made up 36 large studio units with oversized kitchens. In ad...
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• Inland Empire Apartment Market Continues to Sizzle
9/14/05
The Riverside/San Bernardino apartment market is expected to outperform other regions around the nation due to robust economic expansion and limited new supply, according to the latest data from Marcus & Millichap.
The In...
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• CA Housing Affordability Remains at 16%
9/13/05
The percentage of households in California able to afford a median-priced home stood at 16 percent in July, a 3 percentage-point decrease compared with the same period a year ago when the Index was at 19 percent, according to...
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• San Francisco Apartment Market is Picking Up
9/12/05
The San Francisco apartment market is beginning to reflect improving economic fundamentals, according to the latest Apartment Research Report for the city from Marcus & Millichap. Occupancy is on track to firm slightly this y...
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• Multifamily Briefs
9/09/05
LAS VEGAS (Clark County) – Ridge Villas LLC, out of San Diego, paid $24.45 mil for Amber Ridge, a 316-unit ($77.4k/unit) complex at 346 Sturgeon Lane. Brian Anderson and Carl Sims of Hendricks & Partners brokered the deal on ...
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• ICO Development Charged Up over Leasing at Pacific Electric Lofts
9/06/05
Although not officially opened yet, the newly completed Pacific Electric Lofts in downtown Los Angeles is already about 58% leased. The oldest downtown office building to be converted to residential use, it also has emerged a...
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• Multifamily Sales Update
9/01/05
PLACENTIA (Orange County) – Archstone-Smith paid over $77 mil for Somerset Park, a 416-unit ($185.1k/unit) apartment property at 310 S. Jefferson St, at the corner with Orangethorpe. Built in 1986, the property was around 95%...
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• Multifamily Briefs
8/29/05
August 26, 2005 – Multifamily Briefs
Sares*Regis Group Closes $52 Mil Buy in Murrieta; Investor Acquires Escondido Complex for Condo Conversion
MURRIETA (Riverside County) – Cal Oaks, a 460-unit apartment complex 24375 Jacks...
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• Live The Hollywood Life at New Condo Tower
8/26/05
An exciting new upscale condo project is underway in the heart of Hollywood, as Metro Modern Developers just broke ground on The Hollywood, a five-story development at 6735 Yucca St, just east of Highland Ave and north of Hol...
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• Irvine Firm Takes $76 Mil Bite out of Vegas Apartment Market
8/25/05
Irvine-based Atherton-Newport Investments LLC has completed a series of four apartment community acquisitions totaling approximately $76 mil in the greater Las Vegas real estate market. The company plans to rehabilitate and ...
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• Broadway Lofts Opens to Public in Downtown SD
8/24/05
Broadway Lofts, the renovation and reuse development of the historic First National Bank building in downtown San Diego, was recently re-opened to the public. Developed by Watt Genton Associates, in partnership with Barrow S...
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• CA Apartment Sales
8/23/05
CARMICHAEL (Sacramento County) -- Parkview Investors LLC paid $6.45 mil an 11-building, 43-unit ($150k/unit) apartment property located at 7032 Fair Oaks Blvd. Originally built in 1985 and situated on 2.2 acres of land, the p...
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• Investors Gulp Down Villa Sangria at $135k/Unit
8/22/05
Despite recent news reports about a topping out in the SD residential market, apartment properties in San Diego County continue to be a hot commodity, particularly by speculators hoping to still be able to cash out by convert...
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• June Housing Affordability for CA Remains at 16%
8/18/05
The percentage of households in California able to afford a median-priced home stood at 16 percent in June, a 2 percentage-point decrease compared with the same period a year ago when the Index was at 18 percent, according to...
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