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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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• Bascom Group Founders Named Apartment Executives of the Year
10/07/04
Last week, at the huge Apartments 2004 conference at the Beverly Hilton Hotel in Beverly Hills, the three founding executives of The Bascom Group LLC leaders were honored as “Apartment Executives of the Year”. The all-day eve...
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• Financing Notes
10/06/04
The owners of Vista del Arroyo, a unique residential property in Pasadena, received financing of $25 mil, which will be used for the property's restoration and redevelopment. The funding, which was arranged by Andrew Levant o...
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• Historical LA Apartment Property Hits the Market
10/05/04
A unique residential property has been put on the market in the LA area, as SoCal-based Commercial Property Management is selling The Talmadge Apartments, an 11-story, 49-unit building, along with an adjacent 34.8k sf of land...
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• SoCal Apartment Briefs
10/04/04
SAN DIEGO (San Diego County) – Pacific Terrace Properties LLC, out of Del Mar, paid $2.25 mil for a 15-unit ($150k/unit) apartment property at 3980 Ingraham St. The seller was a partnership of Oakwest College Square LLC and S...
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• Financing Notes: Fremont is Integral for Major San Diego Apartment Player
10/01/04
Fremont Investment & Loan recently closed another major SoCal funding, having provided $84 mil for Integral Partners' acquisition of Regents La Jolla, a 574-unit luxury apartment complex built about five years ago. This is th...
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• Strong Demand for New Condo Project in Oakland's Chinatown
9/30/04
Here's an update of a new Bay Area condo project that is moving along on track, as SNK Realty Group has successfully completed a first-day Reservation Event of Release One Homes at The Franklin 88, a luxury condominium develo...
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• Westwood Apartment Property Fetches $212k/Unit
9/29/04
A West LA-based private investor group purchased a fully-occupied, 60-unit apartment complex at 1260 Veteran Ave in Westwood for $12.75 mil ($212.5k/unit). The investment is well-located near UCLA and the Federal Building, ju...
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• LA Group Acquires Vacant Hayward Office Building for Condo Conversion
9/28/04
A Los Angeles-based private investor paid $7 mil for a 180k sf office building in Hayward with plans to convert the property into a 150-unit residential condo project. The 13-story office building, known as Centennial Tower, ...
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• 338-Unit El Cajon Apartment Complex Sells for $37 Mil
9/27/04
An investment group paid $37 mil for Forest Park Apartments, a 338-unit ($109.5k/unit) community located at 1210, 1250, 1306 & 1430 Petree St, a block south of Fletcher Pkwy at Cuyamaca St in El Cajon. The buyer group consist...
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• Financing Notes
9/24/04
Douglas Wilson Companies has obtained $112 mil in construction financing for its $150 mil mixed-use development in downtown San Diego's East Village area. The project, called “The Mark,” is planned to contain 244 residential ...
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• September 24, 2004 - Bascom Closes $32 Mil Acquisition in Temecula
9/24/04
Here's news of yet another big acquisition for The Bascom Group, as the Irvine-based multifamily investment firm picked up a 344-unit complex in Temecula for $32.25 mil ($93.8k/unit). The property, the Woodcreek Apartments, i...
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• Astani Hopes to Pave a Parking Lot and Put Up a Paradise
9/23/04
Beverly Hills-based Astani Enterprises has acquired a 100k sf downtown Los Angeles site at Figueroa and Ninth Streets, currently being used as a parking lot, with plans to develop a mixed-use project slated to add about 400 n...
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• CIM Group and Lee Group Break Ground on Downtown San Pedro Mixed-Use Project
9/22/04
An exciting new mixed-use development in the heart of downtown San Pedro got off the ground on Monday, as LA Mayor James Hahn and Councilwoman Janice Hahn joined the project's developers, CIM Group and the Lee Group, for a ce...
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• Cornerstone Invests in Camarillo
9/21/04
Cornerstone Real Estate Advisors has acquired Camarillo Apartments, a 165-unit complex located at 390 Paseo Camarillo in the Ventura County community of Camarillo. The asset, which was sold by an unnamed SoCal-based investor,...
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• Another Grand Acquisition for Bascom Group
9/20/04
The Bascom Group, out of Irvine, just closed on another LA-area apartment property, having paid $9.2 mil for the Grand Lafayette Apartments, a 117-unit ($78.6k/unit) community at 274 S. LaFayette Park Place, south of Beverly ...
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• Irvine-Based Real Estate Partners Grabs $45 Mil Phoenix Apartment Complex
9/17/04
Real Estate Partners Inc, a privately held Irvine-based real estate investment services firm, acquired an 856-unit apartment community in Phoenix, AZ, in a transaction valued at more than $45 mil ($52.6k/unit). The seller was...
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• San Diego Apartment Complex to Be Converted to Condos Sells for $120k/Unit
9/16/04
Investors continue to aggressively pursue multifamily investment opportunities throughout San Diego County, and in this report we'll review four recent deals. The first purchase, which is in the Rolando part of the city, is a...
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• United Adds another $897 Mil of Apartments to Its Dominion
9/14/04
The main story of the past week in the multifamily sector, or for the entire commercial real estate industry in CA, was the announcement last week by United Dominion Realty Trust Inc (NYSE:UDR), the large Virginia-based apart...
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