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Multifamily Briefs 11/05/04 VISTA (San Diego County) A San Diego private investor paid $15 mil for Vista Village, a 136-unit ($110.3k/unit) complex at 667 F St. Built in 1973, the property sits on 4.24 acres and contains 64 one-bedroom units and 72 tw...
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Eagle Eyes Vegas Market After $82.5 Mil Portfolio Buy 11/04/04 Eagle Real Estate Group, an Orange County-based apartment investment firm, has just wrapped up a major acquisition in Las Vegas, having purchased The Springs Portfolio. The acquisition, which consists of three apartment com...
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Irvine Office Buildings Razed to Make Way for Multifamily Development 11/03/04 The trend of switching uses from commercial to multifamily is picking up steam in the OC as Legacy Partners acquired a pair of Irvine office buildings, which they've already demolished to make way for a new 250-unit multifami...
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San Diego County Multifamily Sales 11/02/04 A La Jolla buyer paid $9.5 mil for LakeView Park Apartments, a 72-unit ($131.9k/unit) property at 9085-9195 Mast Blvd, east of Fanita Pkwy in Santee. The property was built in 1985 and sits on 2.62 acres. The buyer, William S...
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Financing Notes 10/29/04 PW Funding Inc. (PWF), a subsidiary of CharterMac (AMEX: CHC), has provided mortgage financing of $17.5 mil for Park Palomar, a 476-unit apartment complex on almost 22 acres at 244 Palomar St in Chula Vista. Built in 1964, ...
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Apartment Rents Show Slight Increases During 3rd Quarter 10/28/04 By William Ktsanes, Director of Research and Analysis
RealFacts
Each quarter RealFacts surveys the rents, occupancy and ownership of over 10,500 multifamily properties in more than sixty metropolitan areas. In third quarter...
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Multifamily Briefs 10/27/04 CANOGA PARK (Los Angeles County) A SoCal-based private investor paid $16.55 mil for Canoga Island Village, a 160-unit ($103k/unit) garden-style apartment community 8838 Independence Ave in the West San Fernando Valley. Buil...
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Bay Area Apartment Values on the Rise 10/26/04 The apartment market in San Francisco Bay Area is expected to post solid gains in the coming year, as the local and national economies gain steam and job growth intensifies, according to a recent report from Marcus & Millicha...
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Financing Notes 10/25/04 Holliday Fenoglio Fowler LP (HFF) has arranged a $25.5 mil bridge loan along with $1.1 mil in mezzanine funds for capital improvements to Silver Pines Apartments, a 261-unit multifamily community in Anaheim. HFF's David Bleiw...
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October 22, 2004 - Trends in Apartment Construction 10/22/04 Here are some interesting facts and figures about current trends in apartment development, provided to us by the folks at RealFacts.
Southern California is still the hot spot for developers. Nearly half of all the new apa...
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SCI Bags the Biggest Deer in Arizona History 10/21/04 SCI Real Estate Investments, the West LA-based real estate investment firm, purchased an 832-unit apartment complex in Phoenix, AZ from Archstone Smith. Called Deer Valley Village Apartments, the property is 94% occupied and ...
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Financing Notes 10/20/04 Holliday Fenoglio Fowler LP (HHF) recently arranged financings totaling $36 mil for two Northern California multifamily communities: Carmel at Woodcreek West in Roseville and Tallyho Village Apartments in Sacramento. Don Curt...
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Inland Empire Apartment Market One of Nation's Strongest 10/19/04 Recently released research figures indicate that the Inland Empire apartment market is expected to remain among the top performers in the nation, as an overheated housing market and a growing economy put more residents into t...
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San Diego Housing Market Sees No Let-Up in Condo-Mania 10/18/04 There seems to be no slowdown in the rapid pace of condo conversion projects in San Diego, as we've got a couple more such investments to report. One has to wonder if the market will sustain the high level of demand developer...
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Skylight to Let Condomania Shine In on 204-Unit Canoga Park Apartment Complex 10/15/04 A couple of major apartment sales in the San Fernando Valley closed in the last couple of weeks, with Dean Zander of Hendricks & Partners brokering both deals.
In one of the transactions, SSR Realty of Orange County paid $1...
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ARCS Creates New Small Loan Team 10/14/04 ARCS Commercial Mortgage Co, one of the largest multifamily lenders in the country, has introduced a new product team geared specifically to the small loan market. This new Fannie Mae lending product is for borrowers seeking ...
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O'Donnell Atkins Goes Wild O' Mar in Riverside County 10/13/04 The land brokerage firm of O'Donnell/Atkins continues to rack up the land deals in the Inland Empire, three of which we'll review for you in this report. In one transaction, D.R. Horton Inc acquired 142 entitled lots in the W...
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Bosa Spends $119 Mil on Residential Land at Mission Bay 10/12/04 Catellus Development Corporation (NYSE: CDX) recently entered into a contract to sell a number of blocks of land at its giant Mission Bay mixed-use site in San Francisco to Bosa Development, in a deal valued at $119 mil. Bosa...
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SoCal Apartment Sales Comps 10/11/04 OCEANSIDE (San Diego County) A California limited liability company paid $24 mil for Meadowbrook, a 176-unit ($136.4k/unit) apartment property at 612 Arbolitos. The property, which has a condo map dating back more than 20 y...
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Little Italy Condo Project in San Diego Sells for $61 Mil 10/08/04 Integral Communities-Palermo LLC, a Newport Beach-based group, acquired Palermo Apartments, a recently completed 230-unit condo conversion near Little Italy in downtown San Diego. The property, located at 1501 Front St, four ...
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