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Financing Notes 9/01/06 Real estate investment banking firm George Smith Partners Inc has arranged two bridge loans totaling $38 mil for the acquisition of the 200-unit Rancho Las Brisas apartments in Murrieta and the 186-unit Andorra apartments in ...
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Carlsbad to Get New Transit-Oriented Mixed-Use Project 8/31/06 Costa Mesa-based Trammell Crow Residential has announced plans for a new mixed-use, transit-oriented development in Carlsbad, to be called Poinsettia Commons. The project is located just a short walk from the beach at the cor...
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NY Developer Picks Up Staples Center-Adj Site for Mixed-Use Project 8/31/06 The Moinian Group, out of New York, has acquired a 4.6-acre site across the street from Staples Center in downtown LA for development of a major mixed-use project slated to include residential units, retail and hotel space. I...
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Bascom Invests $13 Mil in Denver Apartment Community 8/30/06 Irvine-based The Bascom Group has purchased The Village at North Hills, a 168-unit luxury apartment community located at 11450 Melody Dr in the mile-high city of Denver, CO. The asset, which traded for $12.9 mil ($76.8k/unit)...
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Continued Slowdown in SD Apartment Investment Market 8/29/06 San Diego County apartment sales activity has slowed for the sixth consecutive quarter while the slowdown in condo conversions also continues, according to the latest research from Burnham Real Estate Services.
“This slowd...
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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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