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• CT Collects $19 Mil from Sale of Orange Complex
7/26/04
A Newport Beach private investor paid $19 mil for the Strada Apartments, a 130-unit ($146.2k/unit) community at 175 N. Feldner Rd, north of Chapman Ave and east of the 57 Fwy in the city of Orange. The property, which was 95%...
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• Norwalk Apartment Property Sells for $14 Mil
7/23/04
Newport Beach-based CT Realty Corp has acquired the Courtyards, a 151-unit apartment property in Norwalk, for $14.25 mil ($94.4k/unit). The complex was purchased from Granite Investment Group of Irvine. Formerly known as “Co...
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• Bascom Purchases 120-Unit Bakersfield Apartment Complex
7/22/04
Irvine-based The Bascom Group picked up another California apartment property, having paid $6.74 mil for Highland Knolls Apartments, a 120-unit complex located at 4021-4412 McCray St in Bakersfield. The seller in the deal, wh...
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• Multifamily Deal Notes
7/20/04
LAKESIDE (San Diego County) – A San Diego investment entity paid $11.52 mil for Laurel Park, a 72-unit ($160k/unit) apartment community at 12710-12750 Laurel St. The buyer, DF600 LLC of San Diego, plans to convert the units i...
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• 42-Acre Palm Springs Site Sells for $4.3 Mil
7/16/04
In an Inland Empire deal, Wessman Development Company paid $4.3 mil for Gene Autry Trail Business Park, consisting of 42 acres ($2.35/sf) of vacant land located near Ramon Rd in Palm Springs. The site is situated just off of ...
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• Revere Says "Two if We Buy with Seaview"
7/15/04
A pair of Inland Empire apartment properties, with a combined 118 units, was purchased by a private investor group in a deal valued at $10.15 mil ($86k/unit). The properties, both located in the Riverside County community of ...
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• Snyder Ups an Oak Creek in Agoura Hills
7/14/04
A few weeks ago, the J.H. Snyder Company, one of the LA-area's most celebrated developers, marked the grand opening of Oak Creek, a mixed-use development located on Canwood St in the community of Agoura Hills.
The project is...
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• Investors Betting on $30 Mil+ Apartment Properties in Vegas
7/13/04
We've got some news on a couple of major multifamily sales from Las Vegas to report. Although we don't have many details on these deals, we decided to post them anyways to give you some idea of what the apartment investment m...
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• Apartment Investors Looking to Make their Way in Hollywood
7/12/04
Brokers at Sperry Van Ness continue to rack up multifamily investment deals in the Southland, including the two apartment sales and the one land deal we're going to review in this report. The two apartment deals, both at a pr...
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• Multifamily Briefs
7/09/04
LEMON GROVE (San Diego County) – An eight-unit apartment complex at 7500 North Ave traded hands for $750k ($93.8k/unit). It was originally constructed in 1959 and contains a total of 7.9k sf of space. The buyer, Jean Hammeri...
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• July 8, 2004 - $33 Mil San Diego Apartment Portfolio Hits the Market
7/08/04
A San Diego-based private investor has listed a portfolio of 11 apartment properties in San Diego County, with a combined value of $33.41 mil, based on a 4.5% market capitalization rate. The Linda Vista Portfolio is comprised...
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• SoCal Apartment Investors Move Inland
7/07/04
There has been a lot of activity in the Inland Empire multifamily arena, as we keep getting more and more news items about transactions all across Riverside and San Bernardino Counties. Here's a look at two recent sizable dea...
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• Investors Make $35 Mil Apartment Buy in Marina Del Rey
7/06/04
Villa Venetia Apartments, a 224-unit apartment complex in the upscale West LA community of Marina del Rey, was sold for $35 mil ($156.3k/unit). Located on the main water channel at 13900-13910 Fiji Way, the property is adjace...
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• Ontario Condo Conversion Property is out of the Woods
7/01/04
A 22-unit Ontario apartment complex called Mariposa Woods was purchased by a private investor for $3.1 mil, or $140.9k/unit. The property, at 1235 East “D” Street, was built in 1981 and consists entirely of two-bedroom units...
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• Shea Strikes Black Gold in Yorba Linda Land Buy
6/30/04
O'Donnell/Atkins, the Irvine-based land brokerage firm, has wrapped up a number of big land deals here in SoCal, including three transactions that we'll review in this report. In the West Hills area of the San Fernando Valley...
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• Investors Pick San Diego Apartment Buildings
6/29/04
Here are comps on a pair of recent San Diego multifamily deals, with a combined price tag of just under $5 mil. In one of the transactions, an entity called 3815 Third Ave LLC picked up the Hillcrest Apartments, an 18-unit co...
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• Glenborough Receives Redwood City Approval for Major Residential Project
6/28/04
Glenborough-Pauls has received city council approval from Redwood City to move forward with a huge development that is slated to contain 1,930 residential units, to be constructed over a 20-year period. Called Marina Shores V...
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• Multifamily Deal Notes
6/25/04
MARINA DEL REY (Los Angeles County) – A partnership made up of Newport Beach-based Lyon Capital Ventures and the Wolff Company, out of Arizona, paid just over $34 mil for Villa Venetia, a 224-unit (151.8k/unit) apartment comp...
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• SoCal Apartments Hit the Market
6/24/04
Multifamily properties continue to be one of the hotter investment segments of the real estate industry here in Southern California, as factors such as the rapidly growing population in the region, escalating home prices and ...
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• Big Apartment Owners are Razing Arizona
6/22/04
We've all heard the warnings about multifamily investments in Arizona, you know the ones, about it being a state with very few limits to supply growth, making it highly susceptible to swings in the market. But with deals toug...
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