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• Intracorp Purchases $100 Mil Condo Complex in Downtown LA
3/08/06
Intracorp Southern California, through its affiliated company, Savoy Associates LLC, has acquired Savoy, the recently-completed 303-unit luxury residential development formerly known as Alexan Savoy in Downtown LA. The proper...
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• CA Apartment News
3/07/06
MILPITAS (Santa Clara County) – San Diego-based Pacifica Companies picked up another CA apartment complex for a condo conversion play. The latest buy was Indian Hills, a 200-unit garden-style community situated on a 10.24-acr...
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• Taylor Woodrow Acquires 10 Acres in Montclair for New Homes
3/06/06
National homebuilder Taylor Woodrow has acquired 10.3 acres of land in Montclair for the development of a gated residential community to consist of 106 single family homes. The land, located in a Montclair redevelopment area,...
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• January CA Median Home Price Up 13.8% from Prior Year; Sales Down 24%
3/03/06
The median price of an existing home in California in January was up 13.8% from one year earlier, although the number of sales for the period decreased 24.1 percent compared with the same period a year ago, according to the l...
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• Multifamily Briefs
3/02/06
HOLLYWOOD (Los Angeles County) – Interstate Equities bought Mansfield Square (32 units), located at 1318 North Mansfield Ave, and Mansfield Circle (37 units), located at 1229 North Mansfield Ave, for a total price of $14.5 mi...
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• Condo Conversion Craze Varies Significantly from State to State
3/01/06
RealFacts, the NoCal-based multifamily real estate research firm, has been devoting quite a bit of research to the condo conversion craze and has pulled together some interesting numbers, comparing how the conversion numbers ...
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• BlackRock Parcs $64 Mil at New Stevenson Ranch Complex
2/28/06
BlackRock Realty Advisors Inc closed on a large north LA County apartment buy, after paying $64.65 mil for Parc Chateau, a 295-unit ($219.2k/unit) newly constructed community situated adjacent to the city of Santa Clarita. Th...
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• Torrance Apartment Complex Fetches $10.5 Mil
2/27/06
A California limited partnership purchased a 74-unit apartment complex in Torrance at the end of last year, in a deal that reportedly ranks as one of the largest multi-family sales in this market in a decade. The property, Pa...
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• Financing Notes
2/23/06
Buchanan Street Partners arranged $28.7 mil in third party financing on behalf of Emerald Fund Inc for the acquisition and renovation of the De Anza Apartments in San Mateo, which will be converted from apartments into for-sa...
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• Multifamily Briefs
2/21/06
LA MESA (San Diego County) – Casa de Colina, an 86-unit property at 8515 Chloe Ave, was purchased by KW/WDC La Mesa LLC for $11.1 mil ($129k/unit). The property, which was built in 1971 and sits on a 2.38-acre lot, contains 6...
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• Strong Year Predicted for Riverside/San Bernardino Apartments
2/17/06
The outlook for Riverside-San Bernardino's apartment market in the coming year is very good, as the region is expected to benefit from tight occupancies and high renter demand, according to Marcus & Millichap's National Apart...
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• SoCal Apartment Sales
2/15/06
EL CAJON (San Diego County) – A California limited partnership has acquired Greenfield Estates, a 58-unit complex at 501 Greenfield Dr, for $6.7 mil ($115.5k/unit). The buyer, Greenfield Partners LP, financed the purchase wit...
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• Hovnanian Acquires New 103-Unit Pasadena Apartment Project for Condo Sales
2/15/06
An affiliate of New Jersey-based Hovnanian Enterprises Inc has purchased the recently completed Prado on Lake Avenue, an upscale 103-unit apartment complex located at the corner of South Lake Avenue and East Green St and plan...
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• LA's Pacific Electric Building Makeover to Make It on HGTV
2/15/06
LA's historic Pacific Electric Building is about to become a TV star, as the 100-year-old building will become the latest addition to HGTV's Restore America initiative, a national public affairs partnership between the popula...
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• Economic Factors Keep San Francisco Apartment Market Strong
2/14/06
The San Francisco apartment market is expected benefit from low housing affordability and strong job growth in the coming year. That's one of the main findings from Marcus & Millichap's recently released National Apartment Re...
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• Financing Notes
2/13/06
ARCS Commercial Mortgage Closed $128.7 mil in financing on four properties located in West Los Angeles. The properties – The Heights, Midvale Apartments, Kelton Apartments, and the Atrium Apartments -- have a combined total o...
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• LA Area Apartment Sales
2/10/06
HAWTHORNE – The Villa Gardens, a 61.4k sf apartment property at 3734 El Segundo Blvd, was purchased by Downstream Exchange Company LLC for $11 mil. It was sold by Villa Gardens Group LLC, which has owned it since 1990. Gordon...
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• Western National Invests in El Dorado
2/09/06
Western National Realty Advisors' Fund I, a $50 mil apartment investment fund formed in 2005, has acquired an interest in El Dorado Apartments, a 116-unit multifamily community located at 11250 Dale St, south of Katella Ave i...
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• Financing Notes
2/08/06
The Orange County office of Holliday Fenoglio Fowler (HFF) has arranged a $72 mil first mortgage loan for its long-time client, Lewis Apartment Communities. Lewis Apartment Communities took out the loan for Homecoming at Terr...
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• Multifamily Briefs
2/07/06
PARAMOUNT (Los Angeles County) – Gardena-based Monark LP paid $9.8 mil for San Marcos Village Apartments, a 76-unit ($129k/unit) complex at 15328 Orange Ave, near the 710 and 91 freeways. Originally built in 1987, the condo-q...
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