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Torrance Apartment Complex Fetches $10.5 Mil 2/27/06 A California limited partnership purchased a 74-unit apartment complex in Torrance at the end of last year, in a deal that reportedly ranks as one of the largest multi-family sales in this market in a decade. The property, Pa...
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Financing Notes 2/23/06 Buchanan Street Partners arranged $28.7 mil in third party financing on behalf of Emerald Fund Inc for the acquisition and renovation of the De Anza Apartments in San Mateo, which will be converted from apartments into for-sa...
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Multifamily Briefs 2/21/06 LA MESA (San Diego County) – Casa de Colina, an 86-unit property at 8515 Chloe Ave, was purchased by KW/WDC La Mesa LLC for $11.1 mil ($129k/unit). The property, which was built in 1971 and sits on a 2.38-acre lot, contains 6...
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Strong Year Predicted for Riverside/San Bernardino Apartments 2/17/06 The outlook for Riverside-San Bernardino's apartment market in the coming year is very good, as the region is expected to benefit from tight occupancies and high renter demand, according to Marcus & Millichap's National Apart...
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SoCal Apartment Sales 2/15/06 EL CAJON (San Diego County) – A California limited partnership has acquired Greenfield Estates, a 58-unit complex at 501 Greenfield Dr, for $6.7 mil ($115.5k/unit). The buyer, Greenfield Partners LP, financed the purchase wit...
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Hovnanian Acquires New 103-Unit Pasadena Apartment Project for Condo Sales 2/15/06 An affiliate of New Jersey-based Hovnanian Enterprises Inc has purchased the recently completed Prado on Lake Avenue, an upscale 103-unit apartment complex located at the corner of South Lake Avenue and East Green St and plan...
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LA's Pacific Electric Building Makeover to Make It on HGTV 2/15/06 LA's historic Pacific Electric Building is about to become a TV star, as the 100-year-old building will become the latest addition to HGTV's Restore America initiative, a national public affairs partnership between the popula...
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Economic Factors Keep San Francisco Apartment Market Strong 2/14/06 The San Francisco apartment market is expected benefit from low housing affordability and strong job growth in the coming year. That's one of the main findings from Marcus & Millichap's recently released National Apartment Re...
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Financing Notes 2/13/06 ARCS Commercial Mortgage Closed $128.7 mil in financing on four properties located in West Los Angeles. The properties – The Heights, Midvale Apartments, Kelton Apartments, and the Atrium Apartments -- have a combined total o...
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LA Area Apartment Sales 2/10/06 HAWTHORNE – The Villa Gardens, a 61.4k sf apartment property at 3734 El Segundo Blvd, was purchased by Downstream Exchange Company LLC for $11 mil. It was sold by Villa Gardens Group LLC, which has owned it since 1990. Gordon...
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Western National Invests in El Dorado 2/09/06 Western National Realty Advisors' Fund I, a $50 mil apartment investment fund formed in 2005, has acquired an interest in El Dorado Apartments, a 116-unit multifamily community located at 11250 Dale St, south of Katella Ave i...
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Financing Notes 2/08/06 The Orange County office of Holliday Fenoglio Fowler (HFF) has arranged a $72 mil first mortgage loan for its long-time client, Lewis Apartment Communities. Lewis Apartment Communities took out the loan for Homecoming at Terr...
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Multifamily Briefs 2/07/06 PARAMOUNT (Los Angeles County) – Gardena-based Monark LP paid $9.8 mil for San Marcos Village Apartments, a 76-unit ($129k/unit) complex at 15328 Orange Ave, near the 710 and 91 freeways. Originally built in 1987, the condo-q...
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Oakland Apartment Market Looking at a Strong Year Ahead 2/06/06 Prospects for Oakland's apartment market continue to look good as the region is expected to benefit from growing tenant demand, limited development activity and low housing affordability. At least that's the opinion from Marc...
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February 3, 2006 - Condo Conversion: Boom or Bubble Waiting to Burst? 2/03/06 Delta Associates, the VA-based research affiliate of Transwestern Commercial Services, has been providing research and analysis of the commercial real estate industry for many years now. Here is the company's current outlook ...
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Financing Notes 2/02/06 The Los Angeles office of Holliday Fenoglio Fowler (HFF) represented SPI Holdings LLC in placing a $12.4 mil forward rate lock loan. The proceeds will be used to refinance 1675 Willow Pass, a two-story, 99.1k sf retail buildi...
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Apartment Occupancies Decline While Rents Remain Anemic 2/01/06 Here's an end-of-year look at apartment rents and occupancy levels, in a review provided to us by Caroline Latham, CEO of NoCal-based RealFacts.
Overall occupancy of apartment communities in the RealFacts database declined 0...
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Multifamily Briefs 1/31/06 SANTA ANA (Orange County) – San Diego-based Pacifica Companies paid $51.725 mil for the Cabrillo Palms, a 272-unit ($190.2k/unit) apartment complex at 1345 Cabrillo Park Dr. Built in 1976, the property is in the heart of Oran...
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Ventura Pines Grow to $50 Mil Investment Transaction 1/30/06 The Cushman & Wakefield team of Marc Renard, Marisa Bradanini and Manfred Schaub has been involved in a trio of big SoCal apartment sales in Ventura County and the Santa Barbara area. Combined, these three recent deals have a...
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Pacifica Makes $238 Mil Play in NoCal Apt Converts 1/27/06 The San Francisco-based firm of Arroyo & Coates was involved in a number of large NoCal apartment sales at the end of 2005, which we'll review in this report. Some of those deals involve Pacifica Companies, a San Diego-based ...
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