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• Vegas Multifamily Asset Trades for $37 Mil
7/05/06
Mountain Springs Apartments, a 352-unit, 308.1k sf apartment complex at 1701 Rock Springs Dr in Vegas was purchased by an unnamed investor for $36.84 mil ($104.7k/unit). The complex sits on more than 15 acres of land, and is ...
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• Multifamily Briefs
6/30/06
BRENTWOOD (Los Angeles County) – A Malibu-based private investor has paid $4.1 mil for Brentwood Gardens, a 50-unit ($82k/unit) multifamily community located at 12221-12225 San Vicente Blvd. Originally built in 1961, the two-...
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• June 29, 2006 - $850 Mil Village to Sprout at Edge of Summerlin
6/29/06
A new $850 mil, 29-acre mixed-use development is underway at the edge of the master-planned Las Vegas community of Summerlin. Called The Village at Queensridge, the upscale residential/retail/office project will contain 340 c...
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• CA Prices Up 8%, Sales Down 21% from Year Ago
6/28/06
The median price of an existing home in California increased 8 percent in May, while sales decreased 21.1 percent compared with the same period a year ago, according to the latest data from the California Association of Realt...
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• Pre-Sales of New San Francisco Res Tower Take Off
6/27/06
Pre-sales at the first phase of One Rincon Hill, a soaring twin-tower residential complex currently under construction at the corner of First and Harrison Streets in San Francisco, has been a huge success, as buyers snapped u...
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• Multifamily Briefs
6/22/06
MONTEREY (Monterey County) – The 2004 Ramirez Family Revocable Trust paid $5.5 mil for a 32-unit ($171.9k/unit) apartment building at 400-412 Dela Vina Ave. Wylie Mitchell, Greg Findley and Daniel Vorhies of NAI BT Commercial...
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• Multifamily Briefs
6/21/06
Hendricks & Partners is one of most active multifamily investment brokerage firms in the country, handling many of the larger deals across the southland and throughout much of the Western US. In this report, we'll give you a ...
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• Weststone Underway on New 134-Unit Condo Development in Tempe
6/20/06
Phoenix-based Weststone USA, has begun construction on the Northshore Condominiums, a 134-unit condo project located on a 2.62-acre site on the shore of Tempe Town Lake in Tempe, AZ. The development, which marks the fifth con...
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• Atherton-Newport Invests $28 Mil in Phoenix Complex
6/19/06
Irvine-based Atherton-Newport Investments LLC has acquired Morgan Park Apartments, a 428-unit multifamily complex located at 8902 North 19th Ave in Phoenix. Atherton-Newport, which plans to rehabilitate and reposition the pro...
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• Investors Find a Little Bit of Baltimore in La Mesa
6/14/06
A San Diego-based investment group has acquired Baltimore Park, a 51-unit apartment community located at 5707 Baltimore Dr, off I-8 in La Mesa, The four-building community, which sits on 2.24 acres, is situated just minutes f...
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• Tustin Apartment Complex Sells for $123 Mil
6/13/06
An institutional investment partnership made up of Seattle-based Security Properties, Principal Real Estate Investors and State of Illinois Public Pension Fund has closed on a very large Orange County apartment acquisition, h...
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• Bascom's Arizona Ventures Picks Up 252-Unit Phoenix Complex
6/12/06
Bascom Arizona Ventures LLC, a venture of Irvine-based The Bascom Group and Scottsdale-based Multifamily Advisors LLC, has boosted its acquisitions over the past 24 months to more than $297 mil with the $11.39 mil purchase of...
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• Atherton-Newport Acquires $114 Mil Seattle Portfolio
6/09/06
Atherton-Newport Investments LLC, an Irvine-based real estate investment firm, has acquired a $114 mil multifamily portfolio in the greater Seattle region. The portfolio consists of seven apartment communities, with a total ...
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• Bascom's Latest Buy is a Record Breakers in Denver
6/08/06
The Bascom Group, the big Irvine-based apartment owner, has wrapped up a very large Colorado buy, with the $190.5 mil acquisition of The Breakers Resort, a 1,523-unit ($125.1k/unit) luxury community located at 9099 East Missi...
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• Apartment Activity in San Diego Continues on the Decline
6/07/06
Apartment investment activity throughout the city and county of San Diego continues to slow, according to a new study from Burnham Real Estate Services. According to the study, the 154 sales of projects with three units or mo...
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• Multifamily Briefs
6/06/06
WESTWOOD (Los Angeles County) – A private investor paid $5.86 mil for a 30-unit ($195.3k/unit) apartment complex located at 510 and 516 Landfair Ave in Westwood. The property consists of two neighboring buildings, one with 16...
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• Western National Picks Up 207-Unit Complex in La Verne
6/02/06
Western National Realty Advisors' Fund I, a $50 mil private equity fund, has acquired Monte Vista, a 207-unit apartment community in the San Gabriel Valley community of La Verne. Located at 1825 Foothill Blvd, Monte Vista Apa...
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• Hollywood Trilogy Has Happy Ending
6/01/06
Three apartment complexes in Hollywood recently traded hands in transactions brokered by Darin Beebower of Madison Partners. The properties include two adjoining apartment buildings on Orange Dr—both sold within four months—...
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• CA Homes Prices Up 10% from One Year Ago; No Change from One Month Ago
5/31/06
The median price of an existing home in California increased 10.2 percent in April, while sales decreased 21.4 percent compared with the same period a year ago, according to the most recent data from the California Associatio...
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• Multifamily Briefs
5/30/06
VISTA (San Diego County) -- ARCS Commercial Mortgage Co L.P. closed $9.75 mil in financing for the Shadowridge Village Apartments, a 180-unit apartment complex. Constructed in 1983, Shadowridge is a garden-style community wit...
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