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• Bascom Wraps Up $32 Mil Colorado Buy
8/28/06
The Bascom Group LLC, out of Orange County, has purchased Greenbriar at Saddle Rock, a 292-unit luxury apartment community located at 22159 East Ontario Drive in Aurora, CO. The property was sold by Fairfield Stonebriar LP fo...
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• Property Management Notes
8/28/06
The San Francisco office of Charles Dunn Company has been awarded the management assignment by the city and county of San Francisco for the 140-unit Midtown Park Apartments, which occupies an entire city block located at the ...
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• Downtown LA Res Conversion Rakes in the Awards
8/25/06
Pacific Electric Lofts, a unique residential conversion project in downtown Los Angeles, has stood out from other competitive projects in the market, having been recognized not only for its historic status, but also for it sw...
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• Prudential Rolls into Richmond with The Tides
8/24/06
Prudential Real Estate Investments purchased The Tides Apartments, a 200-unit community at 3185 Garrity Way in the west Contra Costa County city of Richmond. The asset, which is located next to the Hilltop Plaza Shopping Cent...
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• Financing Notes
8/23/06
Fremont Investment & Loan has provided a $128.5 mil construction loan to a venture headed by Spring Capital Group and KT Properties for the ground-up construction of Axis, a 22-story, 329-unit for sale condominium project in ...
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• 23% of First-Time Buyers Can Afford Median-Priced Home in CA
8/23/06
The percentage of first-time buyers in California able to afford a median-priced home stood at 23 percent in the second quarter of 2006, compared with 30 percent for the same period a year ago, according to a newly developed ...
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• Property Management Notes
8/23/06
G.H. Palmer Associates has awarded the management contract for a 12-community, 5,473 unit apartment portfolio to Western National Property Management, the multifamily real estate management arm of Western National Group. This...
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• Irvine Company Closes $182 Mil SD Apartment Buy
8/22/06
The Irvine Company closed on a big San Diego apartment buy, having paid $182.5 mil for Villa Dorado, a 668-unit ($273k/unit) complex located at Friars Rd and Northside Dr, across the street from Qualcomm Stadium in Mission Va...
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• United Dominion Makes $146 Mil Buy of Two New NoCal Apartment Communities
8/21/06
United Dominion, the Richmond, VA-based apartment REIT, boosted its portfolio by another 650 units with the acquisition of two recently completed apartment communities in San Ramon, a NoCal city situated southeast of Oakland ...
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• Financing Notes
8/18/06
Newmark Realty Capital Inc has arranged $100 mil in permanent financing for The Knolls Apartment Homes and the Westlake Canyon Apartment Homes, two Class A apartment projects totaling 672 units located in Thousand Oaks. Newma...
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• Pacific Coast Capital Partners and Jackson Square Properties Acquire 1,918 Units
8/17/06
A joint venture between Pacific Coast Capital Partners (PCCP) and Jackson Square Properties, out of San Francisco, has acquired the Maple Leaf Portfolio, a 1,918-unit apartment portfolio consisting of nine, Class B garden-sty...
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• Multifamily Briefs
8/16/06
ALPINE (San Diego County) – Creekside Meadows Apartments, a 144-unit complex at 1750 Arnold Way, was purchased by Alpine Creekside Inc for $16.14 mil ($112.1k/unit). Built in 1986, Creekside Meadows is a seniors community tha...
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• StarPoint Purchases 83-Unit Complex in LA's Mid-Wilshire Area
8/15/06
StarPoint Properties LLC has purchased Kingsley Drive Towers, an 83-unit apartment building in Los Angeles, for $11 mil ($132.5k/unit). Located at 737 S. Kingsley Dr, south of Wilshire Blvd between Western and Vermont Aves, ...
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• Room for a Vue
8/14/06
The former Pacific Trade Center building in San Pedro was demolished in a controlled collapse a few days ago, marking the first step in the development of Vue, San Pedro's first high-rise development.
“This was an amazing e...
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• Hager Pacific Purchases $39 Mil Apartment Property in Atlanta
8/11/06
LA-based Hager Pacific Properties recently closed on its second major acquisition in Atlanta, having paid $39 mil for Tree Crest Apartments, a 734-unit ($53.1k/unit) community located at 4946 Snapfinger Rd, in the Atlanta sub...
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• It Looks like There Really is a Santee Claus
8/10/06
MJW Investments and Phoenix Realty Group have just released the final three buildings at Santee Village, the largest adaptive reuse development in downtown LA's urban housing market. Sales at the three buildings – The Santee,...
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• Multifamily Briefs
8/09/06
PLEASANT HILL (Contra Costa County) – Lincoln Green, a 252-unit complex at 225 and 250 Coggins Dr, was purchased by ERP Operating LP, the giant residential REIT based out of Chicago. It is located within walking distance to t...
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• San Diego Apartment Market Sees Rents Up, Vacancies Down
8/08/06
An expanding local economy and home affordability that ranks among the lowest in the nation are supporting strong tenant demand that has helped the San Diego apartment market sustain high occupancy over the past few years, ac...
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• Luxury Irvine Condo Tower Scheduled to Debut in Summer 2008
8/08/06
More than 40% of the units have been sold at 3000 The Plaza, a luxury high-rise condo project currently under construction in Irvine. Located on Jamboree Rd between Campus Dr and Dupont Dr, the 15-story tower is a development...
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• Work to Start on Broadway Chapman in Downtown LA
8/07/06
The renaissance in downtown Los Angeles continues, as another historic office building from the city's central core will be converted into a hip residential condo project. Construction is set to start any day on the Broadway ...
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