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• Meruelo Maddux Acquires Downtown LA Building for Residential/Retail Conversion
7/08/05
Meruelo Maddux Properties has acquired the Union Bank & Trust Co building in downtown Los Angeles and plans to convert the historic building into a mixed-use project that will contain a mix of residential condominiums, apartm...
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• Sunstone Hotel Investors Book Long-Term Stay at Sheraton Cerritos Hotel
7/07/05
Transpacific Development Company announced that it has sold the Sheraton Cerritos Hotel, a 203-room hotel located in the Cerritos Towne Center, for approximately $24,700,000. The buyer was an affiliate of
An affiliate of S...
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• Multifamily Briefs
7/06/05
ESCONDIDO (San Diego County) – A 20-unit apartment complex at 340-342 W. 15th Ave traded hands at a price of $3 mil ($150k/unit). Built in 1992, the property contains 18.1k sf of space. It was purchased by Meadors/Renfeldt De...
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• July 5, 2005 - $35 Mil a Lofty Price for Gaslamp District Mixed-Use Development
7/05/05
A joint venture between Del Mar Pacific Group LLC and Loma Corporation has purchased The Lofts at 777 Sixth Avenue, a mixed-use development located in the heart of the Gaslamp District in Downtown San Diego. The property, whi...
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• Residential Sales in CA Expected to Set More Records in 2005
7/01/05
For those of you like to follow the still-hot residential real estate market in California, here are some mid-year numbers from C.A.R., the California Association of Realtors. Existing single-family home sales will reach a re...
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• SD-Based Capstone Teams Up in New NV Residential Development
6/30/05
Capstone Advisors and Lakemont Homes have teamed up in an equity joint venture for the development of a 205 single-family home community in Fernley, NV, just 33 miles east of Reno. To be called Silverland Estates, the project...
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• Portofino Promises Pomp in Pomona
6/29/05
A new affordable senior housing community is about to get underway in the city of Pomona. AMCAL Multi-Housing, out of Agoura Hills, will celebrate a groundbreaking for the new project, called Portofino Villas, on Wednesday, J...
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• Western National Breaks Ground on New Moreno Valley Development
6/28/05
Western National Realty Advisors has broken ground on a new 320-unit apartment community in Moreno Valley. The $50 mil development, called Moreno Valley Apartments, is on an 18.8-acre site located on Alessandro Blvd, west of ...
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• Bascom Joins the Country Club Set
6/27/05
The Bascom Group, in a joint venture with Rockwood Capital, recently closed on another California apartment property, having paid $22.5 mil for the 414-unit ($54.3k/unit) Village Green Country Club Apartments, located at 222 ...
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• Culver City Redevelopment Opportunity!
6/24/05
A residential redevelopment opportunity in the West LA community of Culver City has recently hit the market, as three contiguous 5k sf parcels at 10809, 10815 and 10819 Jefferson Blvd have are available for sale. Located betw...
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• NoCal Apartment Sales
6/23/05
In this report we'll take a look at a few recent NoCal apartment property sales, along with a mobile home park sale from the region. We'll start off in San Francisco, where investors paid $3.35 mil for a 1/3 undivided interes...
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• Mixed-Use Project in San Diego's Little Italy Sells for $52 Mil
6/23/05
Porta d' Italia, a 130k sf mixed-use residential apartment project located on the north and south sides of Grape Street between India and Columbia streets in the Little Italy Neighborhood of downtown San Diego, was sold for $...
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• June 22, 2005 - San Diego Apartment Transactions Drop 25% from 2004
6/22/05
San Diego apartment sales slowed in the first quarter of 2005 with declines reported both in the number of transactions and total units sold, a new report by Burnham Real Estate shows. The regional brokerage firm says the sl...
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• Financing Notes
6/20/05
ARCS Commercial Mortgage has provided $15.2 mil in financing for Mercy Terrace Apartments, a 158-unit independent living senior property in San Francisco. The property, originally constructed as a hospital in 1907, was reconf...
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• Investor Grabs Pair of Wild West Hollywood Apartment Buildings
6/17/05
A private investor purchased two Westside apartment properties situated between Santa Monica and Sunset Boulevards in a highly desirable section of West Hollywood. The assets have a total of 32 units and sold for a combined $...
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• Financing Notes
6/15/05
A subsidiary of CharterMac Mortgage Capital (“CMC”) has provided financing of $26.3 mil for the $43 mil acquisition of the 270-unit The Royal Equestrian Apartments in Burbank, about 12 miles northwest of downtown Los Angeles....
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• San Diego Multifamily Market Slows, but Remains Strong
6/13/05
Investor expectations about the multifamily market in San Diego are changing, as evidenced by a slowdown in price increases and fewer transactions for both apartment and condo-mapped properties, according to a first quarter 2...
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• San Diego Apartment Sales
6/10/05
In this report we'll update you on a number of recent San Diego-area apartment sales comps. We'll start in Escondido, where the 112-unit Woodland Townhomes was acquired for $21.8 mil ($194.6k/unit). The property, which has a ...
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• Interstate Picks Up a Chateau in Toluca Lake
6/09/05
Los Altos-based Interstate Equities Corp has purchased Chateau Toluca, a 145-unit apartment property located at 211 N. Valley St in Toluca Lake. The property is just north of Lakeside Country Club and west of Barham Blvd, at...
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• Multifamily Briefs
6/08/05
ATASCADERO (San Luis Obispo County) – Arroyo Grande-based La Tierra Ventures LLC paid $3.9 mil for La Tierra Apartments, a two-building, 36-unit ($108.3k/unit) complex at 9331 Musselman. Originally built in 1989, the complex ...
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