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• Bascom Acquires Historic LA Apartment Property
5/10/06
The Bascom Group, out of Irvine, has acquired the historic William Penn Apartments, a 189-unit apartment community located at 2200 West 8th St, south of Wilshire Blvd and west of Alvarado St in LA's Westlake district. The pur...
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• Multifamily Briefs
5/09/06
HEMET (Riverside County) -- Carlsbad-based Regional Land LLC has acquired Parkside Gardens, an assisted living facility, for $5.6 mil. The sale also includes one acre of vacant land for development of an additional facility ...
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• Take a Gander at These Apartment Listings from Zander
5/08/06
Looking for LA-area apartment investment opportunities in the $5 mil to $20 mil range? Well, we have five current listings to share with you, courtesy of Dean Zander, a Partner at Hendricks & Partners, the successful apartmen...
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• Bascom Picks Up another 410 Units in the Tuscon Area
5/04/06
Bascom Arizona Ventures LLC has closed on another sizable buy in Arizona, having paid $16 mil for the Tierra Bonita Apartment complex, a 410-unit ($39k/unit) asset located at 175 West Valencia Rd in Tuscon. This gives the fir...
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• Rental Markets Reaching that Perfect Balance
5/03/06
In the latest research from RealFacts, the highly regarded NoCal-based apartment information firm, more and more rental markets are nearing what they define as “perfect balance”, which is based on an optimum mix of occupancy ...
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• Financing Notes
5/02/06
Irvine-based TMC America has provided $5 mil of equity financing for two condo conversion projects in the greater Los Angeles area. Both projects are being developed by Veritas Real Estate Investments LLC of Los Angeles.
In...
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• Multifamily Briefs
4/28/06
LONG BEACH (Los Angeles County) – Villa del Sol, a 56-unit apartment complex located just south of the 405 Fwy and east of the 710 Freeway, has been listed for sale as an open bid with a minimum price of $11.5 mil ($205.4k/un...
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• Financing Notes
4/27/06
George Smith Partners has arranged $22.3 mil in financing for the development of 400 Harborside, a new waterfront residential condominium project in the historic navy town of Bremerton, Wash, located across Puget Sound from S...
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• CA Home Prices Up 13% in March; Sales Down 15%
4/26/06
The latest figures from the California Association of Realtors are out and they show that the median price of an existing home in California increased 13 percent in March, while sales decreased 15.1 percent compared with the ...
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• Santa Monica Apartment Property Sells for $26 Mil
4/25/06
Carmel Partners has acquired the Pico Lanai Apartments, a 174-unit apartment complex located at 2501 S. Pico Blvd, south of the 10 Fwy and a few blocks east of Cloverfield Blvd in Santa Monica. The asset, which fetched $28.12...
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• The Acquisition Fund Never Stops in Murrieta
4/20/06
Western National Realty Advisors' $50 mil Fund I, a private equity fund, has acquired a 20-acre parcel of land in Wildomar, a submarket of Riverside County just north of Murrieta in the booming Inland Empire. Western National...
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• LA Apartment Sellers Sprenkle Some Sperry Van Ness on Their Deals
4/19/06
In this report we'll take a look at a trio of LA-area apartment sales that were all brokered, at least in part, by Sperry Van Ness, the Irvine-based investment brokerage firm. The transactions were worth a combined $8.34 mil ...
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• Multifamily Briefs
4/18/06
IDYLLWILD (Riverside County) – A California-based investment group paid $3.2 mil for Royal Pines Estates, a 3-star, 109-space ($29.4k/space) mobile home park located at 26350 Delano Dr. The manufactured community, an all-age ...
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• West Angeles Community Development and Phoenix Realty Team Up for South LA Condo Pr
4/17/06
West Angeles Community Development Corporation (WACDC) and Phoenix Realty Group (PRG) have acquired a South Los Angeles site, on which the venture plans to develop West Angeles City View Condominiums, a 61-unit, for-sale hous...
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• Kennedy Wilson and Wachovia Embark on $150 Mil Apartment Adventure
4/13/06
Kennedy Wilson Multifamily Management Group (KW Multifamily) and its joint venture partner, Wachovia Securities, have acquired a portfolio of four apartment assets, three in California and one in Oregon, totaling 1,246 units....
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• Bascom Takes Spring Break in Colorado
4/12/06
The Bascom Group LLC, out of Irvine, has recently closed on a pair of acquisitions of Colorado apartment properties, one in Denver and the other in nearby Aurora. Combined, the transactions account for 212 units and a total p...
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• April 11, 2006 - SARES*REGIS Group to Develop Condo Project in Irvine Business Complex
4/11/06
SARES*REGIS Group has acquired an industrial building on about 2.1 acres in the Irvine Business Complex and plans to re-develop the property into a condo project slated to contain 110 for-sale units. The site is at 2500 Main ...
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• A City Within a City is Central Theme to New Vegas Condo Community
4/10/06
Las Vegas Central, an exciting new twin-tower residential condo community in Las Vegas, is scheduled for completion in 2008. Located near the Las Vegas Convention Center, the high-rise development will consist of two 40-story...
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• Equity Closes $86 Mil Buy in Chula Vista
4/07/06
An entity of Equity Residential, the giant Chicago-based residential REIT, has purchased the Missions at Sunbow, a 336-unit upscale condo rental property in Chula Vista. Located at 825 E. Palomar St, between I-5 and Broadway,...
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• Multifamily Briefs
4/06/06
SAN MATEO (San Mateo County) – Taylor Woodrow Homes, out of San Ramon, paid $14 mil for 12.55 acres ($26/sf) of land with a recorded map for the development of a 34-single family home project, to be called Verona Ridge. The l...
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