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June 17, 2024
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MULTIFAMILY NEWS
Archive
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• $23 Mil Torrance Apartment Buy is Chiseled in Granite
1/16/03
Granite Investment Group, out of Irvine, wrapped up a $23.45 mil buy of a 152-unit ($154.3k/unit) apartment complex in Torrance, reported to be a new high mark for that market. Called Pacific Park, the property is at 20707 An...
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• 161-Unit Van Nuys Complex Sells for $14 Mil
1/15/03
A Southern California investment entity purchased the Sonterra Apartments, a 161-unit complex at 15425 Sherman Way, between Sepulveda Blvd and the 405 Fwy in Van Nuys. The garden-style complex, which consists of 106.4k sf of ...
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• Marcus & Millichap Multifamily News
1/10/03
The multifamily pros at Marcus & Millichap have been busy selling properties and signing up new listings across the state. And to prove our point, we've got two recent sales and a pair of new listings to let you know about. W...
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• Multifamily Briefs
1/07/03
IMPERIAL BEACH (San Diego County) – A private trust paid $3.35 mil for a 16-unit ($209.4k/unit) apartment property, to be converted into a condominium complex, at 1220 Seacoast Dr, south of Imperial Beach Blvd. The building s...
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• Grubb Ellis Multifamily Pros Willing to Get in Arms Way
1/06/03
Grubb & Ellis' multifamily specialists continue to rack up apartment deals, and we've got three recent SoCal examples to share with you. The first transaction was in West L.A., where a private investor paid $1.67 mil for a 21...
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• CIM Gets Approval for Supermarket-Anchored Project in Downtown L.A.
12/31/02
The drive towards the revitalization of downtown Los Angeles took a major leap forward with the announcement by CIM Group, one of the leading investor/developers of urban infill mixed-use projects, that it received approval f...
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• Snyder Heads Up an Oak Creek with Latest Mixed-Use Project
12/26/02
The J.H. Snyder Company, one of the most prolific developers in Los Angeles, wrapped up work on The River, an upscale Rancho Mirage retail complex, not too long ago and is now turning their attention to the Creek -- Oak Creek...
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• Multifamily Briefs
12/24/02
SAN DIEGO (San Diego County) - Pointe of View California Inc, a Canadian-based developer, picked up two adjacent lots, totaling 27.5k sf of land, in San Diego's East Village for development of a new high-rise condo project. O...
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• O'Donnell/Atkins Team Brokers New Home Sites in Santa Clarita and Chatsworth
12/19/02
Expect additional new housing starts in the Northern LA County communities of Santa Clarita and Chatsworth, as the O'Donnell/Atkins Company team of Craig Atkins, Roland Chavez and Scott Richardson has brokered four transactio...
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• Teachers Invests $50 Mil in University Towne Centre
12/18/02
Teachers Insurance and Annuity Association bought a one-year-old, 251-unit apartment complex in San Diego's University Towne Centre area for $49.5 mil, or $197.2k/unit. Situated on a 3.7-acre site, the four-story apartment pr...
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• Eagle Swoops in on $52 Mil Chula Vista Apartment Buy
12/17/02
Representing one of the largest multifamily transactions in San Diego County this year, Eagle Real Estate Group has acquired the 440-unit ‘Teresina at Lomas Verdes' apartment community in Chula Vista for $52.25 mil ($119k/uni...
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• Charming 1928 Apartment Property Listed in Los Feliz
12/16/02
Here's news of a really unique Los Angeles-area apartment property that just came on the market, and to give you a better feel for the stylish building, we've included a couple of nice photos. We're talking about an 18-unit a...
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• Bosa Becoming a Marquee Name in SoCal's Multifamily Development Community
12/13/02
Look for construction to begin early next year on the first major high-rise residential project in Orange County. According to a recent piece in the LA Times, Bosa Development Corp intends to construct twin 18-story condomini...
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• Eagle Lands on Nova
12/09/02
There was a very newsworthy apartment sale in the OC city of Garden Grove about a month ago, as Eagle Real Estate Group LLC purchased the 402-unit Nova Bayport Apartment complex. The property is at 12051 Bayport St, by Chapma...
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• Downtown LA gets Positive Jolt from Planned Conversion of Pacific Electric Bldng
12/03/02
Development of apartment-loft units in downtown Los Angeles continues to snowball, with the latest project, announced last month by ICO Investment Group, being easily characterized as one of the most ambitious to date. The B...
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• Hendricks Awarded Listing Assignment for CT's Villas
11/25/02
Newport Beach-based CT Realty has awarded the listing assignments for three San Gabriel Valley apartment properties to Hendricks & Company. All three properties are located in the city of San Dimas and have undergone substant...
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• Haverford Invests $4.15 Mil in a Pair of SoCal Apartment Projects
11/20/02
Haverford Capital, an LA-based provider of equity and mezzanine financing for real estate developers and investors, has provided $4.15 mil in preferred equity to two apartment projects in Southern California. The company prov...
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• Shea to Build a Big Playhouse
11/19/02
Shea Properties, the Aliso Viejo-based real estate investment company, has teamed up with Capital & Counties USA, out of San Francisco, to develop a 304-unit apartment project in Pasadena's Playhouse District. Shea will act a...
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• Marcus & Millichap Brokers Close Pair of $10 Mil SoCal Apartment Deals
11/18/02
The multifamily pros at Marcus & Millichap recently closed a pair of $10 mil SoCal apartment deals. In one, M&M's Alex Mogharebi represented both the buyer and the seller in the sale of Grand Meadows Apartments, a 225-unit pr...
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• CT Nabs Pair of Toluca Lake Apartment Complexes
11/18/02
Newport Beach-based CT Realty acquired a pair of apartment communities in the upscale Toluca Lake district in the city of Burbank. CT Paid $21.5 mil ($148.3k/unit) for Clybourn Court, a 110-unit complex at 4525 Clybourn Ave, ...
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