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• Big Bakersfield Buy for Bascom
6/01/05
The Bascom Group, out of Irvine, just wrapped up another apartment buy, having paid $9.2 mil for the Villa Loma Apartments, a 128-unit ($71.9k/unit) complex at 6900 Valley View Dr in the city of Bakersfield. It was sold by Ga...
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• 112-Unit Escondido Complex Acquired for Conversion to Condos
5/31/05
A San Diego-based investment partnership has purchased the Woodland Townhomes, a 112-unit apartment complex at 1401-1463 N. Broadway, north of El Norte Pkwy and east of I-15 in Escondido. The property, which has a condo map a...
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• Upscale Residential Project Set to Break Ground in Berkeley
5/27/05
A new upscale mixed-use development in the city of Berkeley is scheduled to break ground this fall, with completion slated for the end of 2007. Called The Arpeggio of Berkeley, the community-minded project is being develope...
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• H.G. Fenton Acquires New Mission Valley Apartment Complex
5/26/05
H.G. Fenton Company completed its acquisition of Portofino, a new 16.5-acre apartment community at Northside Dr and Friars Rd in Mission Valley. With this property, which was built by Archstone Communities, H.G. Fenton now ow...
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• Multifamily Briefs
5/25/05
HAWTHORNE (Los Angeles County) A 58-unit apartment property at 13519 Yukon Ave was purchased for $5.25 mil ($90.5k/unit). Built in 1970, the building is on a 58.2k sf lot, which offers future development potential. Albert S...
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• Universe Holdings Looks for Big Bang with Amargosa Buy
5/24/05
Beverly Hills-based Universe Holdings Development Company LLC has acquired Amargosa Creek, a 216-unit apartment community in Lancaster. The property, which sits on approximately 8.7 acres in this growing region of North LA Co...
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• $63 Mil Kearny Mesa Condo Conversion Buy has Universe-al Appeal
5/19/05
Multifamily product is in great demand throughout SoCal these days and nowhere is that more evident than in San Diego County, as both investors and developers looking to convert apartments into condos are quickly snapping up ...
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• Irvine-Based Bascom Picks Up another Large Seattle-Area Apartment Complex
5/18/05
We've got another Seattle-area acquisition to announce for Bascom Northwest Ventures LLC, a division of Irvine-based The Bascom Group. In this latest deal, the company's seventh apartment buy in the Seattle area, Bascom purch...
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• Multifamily Briefs
5/17/05
LONG BEACH (Los Angeles County) A Las Vegas-based multifamily developer called Pacific Properties and Development has purchased a 5.6-acre parcel of land adjacent to the 393-room Hilton Long Beach Hotel and Executive Meetin...
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• A couple of M&M's Sweeten SoCal Apartment Market
5/16/05
Here's the scoop on a couple of recent $10 mil SoCal apartment sales brokered by Marcus & Millichap. In one of the deals, Millenium Holdings paid $10.7 mil for the Parkwood Apartments, a 95-unit ($112.6k/unit) complex at 1471...
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• Here's a Chance to Buy One of the Best Apt Props in the Universe
5/13/05
Here's an opportunity to acquire a large apartment property in sizzling San Diego County, as the 450-unit Cascade Falls complex in Carlsbad has been listed by Universe Holdings, a Beverly Hills-based syndicator. Real Estate A...
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• 400-Unit Apartment Project Planned for Oxnard's RiverPark
5/12/05
MacFarlane Partners, Urban Partners LLC and Plaza Development Company have formed a joint venture to build a 400-unit, garden-style apartment project within the new RiverPark master-planned community in Oxnard. RiverPark, a 7...
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• Lincoln Heights Project to Create Much-Needed Workforce Apartments in LA
5/10/05
An exciting new residential project in LA's historic Lincoln Heights community recently broke ground and was promoted last week at a ceremony attended by LA Councilman Ed Reyes, among others. Called Flores del Valle, the tran...
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• Real Estate Partners Closes $30 Mil Buy in Mesa, AZ
5/06/05
Irvine-based Real Estate Partners recently wrapped up the purchase of Aventerra, a 576-unit apartment community in Mesa, AZ, from the Archon Group of Irving, TX. Real Estate Partners paid about $30 mil ($52k/unit) for the com...
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• Bascom Acquires Village Commons in San Ramon
5/05/05
Bascom Northwest Ventures LLC, an affiliate of Irvine-based The Bascom Group, purchased Village Commons Apartments, a 60-unit apartment complex located in the Bay Area suburb of San Ramon. The property sold for $7.76 mil, or ...
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• Multifamily Briefs
5/03/05
SAN DIEGO (San Diego County) The 176-unit Avalon at Penasquitos Hills complex was purchased by Pacifica Companies for $34.2 mil ($194.3k/unit). The locally based firm intends to convert the recently completed property, loca...
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• Hollywood Development Offers New Views on Affordable Housing in LA
5/02/05
The first project in Los Angeles to combine a national retailer with purely affordable housing is ready for business, as government, civic and business leaders joined Hollywood Community Housing Corporation (HCHC), a non-prof...
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• Multifamily Briefs
4/29/05
INLAND EMPIRE (Riverside and San Bernardino Counties) A 324-unit, three-property multifamily portfolio has been listed with Chris Hameetman of Century American Realty Inc. The portfolio consists of: a 104-unit condo-mapped ...
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• LA Area Multifamily Briefs
4/28/05
MARINA DEL REY (Los Angeles County) The Greenwich Group provided $39.2 mil in development financing for the Marina Loft Condominium project, located at 4080-4092 Glencoe Ave. The four-story residential project will contain ...
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• Statewide Search Turns Up 56-Unit Property in Dublin
4/27/05
Statewide Development paid $15.8 mil for Cross Creek Apartment Homes, a 56-unit ($282.1k/unit) multifamily property in the East Bay city of Dublin. Located at 7130 Cross Creek Circle, the garden-style community is comprised o...
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