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Sandstone Properties Inc Secures $28 Mil on Woodland Hills Property 10/05/22 Sandstone Properties Inc has obtained a $28 mil loan to refinance an existing loan and to finance the pre-development of a 35-story multifamily development and four-story hotel conversion in Woodland Hills. The loan was provi...
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Two Res Communities Totaling 155 Units in Seattle Fetch $41.5 Mil 10/03/22 Two multifamily properties totaling 155 units in Seattle’s Ballard neighborhood traded for $41.5 mil ($268k/unit). The properties, the Belay and Noba apartments, were sold by Intercontinental Real Estate Corporation.
The apa...
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Apartment Building in the Bixby Knolls Area of Long Beach Sells for $380k/Unit 9/30/22 A Santa Monica-based private investor paid $3.05 mil for an eight-unit ($381.3k/unit) apartment property in the Bixby Knolls submarket of Long Beach. The property is located at 4321 to 4327 Elm Ave, north of San Antonio Dr an...
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Gelt Closes $500k/Unit Res Buy in the San Fernando Valley 9/30/22 L.A.-based Gelt Inc has acquired Avalon Studio 4121, a 149-unit, value-add apartment property in the southeast San Fernando Valley community of Studio City, for $76 mil ($510k/unit). The property, located at 4041-4121 Radford...
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New 97-Unit Res Community Completed in Hayward 9/29/22 Construction has finished at Legacy at Hayward, a four-story, 97-unit luxury apartment community in Hayward. The project, a development of Legacy Partners and Corebridge Real Estate Investors, is located in the hills at 28168...
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Glendale Office to Res Tower Conversion Completed 9/29/22 Arista Glendale Phase I, an eight-story luxury multifamily rental high-rise with 53 apartment homes in Glendale, has been completed and is set to open to the public. The project, located at 520 N. Central Ave, is a conversion...
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Los Angeles Apartment Building from 1940 Goes for Over $200k/Unit 9/28/22 Edgemont Court, a 12-unit apartment complex located in Los Angeles, traded for $2.5 mil, or $208.3k/unit. Built in 1940, the property is located at 175 and 179 N Edgemont Street.
The two-story, two-building apartment complex...
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Newly-Built WA Multifamily Community Lands $61.3 Mil in Financing 9/28/22 Affiliates of American Capital Group and Canyon Partners Real Estate have secured a $61.3 mil refi loan on Kinect @ Lynnwood, a newly-built, 239-unit multifamily property in Lynnwood, WA.
Kinect @ Lynnwood blends luxury upsc...
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Infill Development in San Diego’s Hillcrest Neighborhood Lands $27 Mil in Construction Money 9/27/22 DiversyFund Inc has locked in $26.9 mil in construction financing for Onyx on Park, a 61-unit, urban infill multi-housing community located in the Hillcrest neighborhood of San Diego.
With an anticipated completion of Q4 20...
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Private Investors Trade OC Apartment Property in $6 Mil Deal 9/26/22 A newly renovated 20-unit garden-style multifamily community in Westminster, CA sold for $5.96 mil, or $298k/unit. The property was recently improved with an exterior renovation completed in 2022.
Located at 8361 15th St, th...
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300-Unit Res Asset in Reno Acquired by LDK Ventures 9/26/22 LDK Ventures acquired Integra Peaks at Damonte Ranch, a partially complete, 300-unit, Class A garden-style apartment community in Reno, NV. Located at 875 Damonte Ranch Pkwy, the property is approximately 75% complete, with f...
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Santa Monica Apartment Building Two Blocks from the Ocean Sells for $374k/Unit 9/23/22 A private investor from Los Angeles paid $2.99 mil for an eight-unit ($373.8k/unit) apartment property in Santa Monica. The property, located at 2327 2nd St, is in a prime location just one block from Main Street and two bloc...
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Hines and USAA Real Estate Break Ground on 200-Acre TOD Project in Mission Valley 9/23/22 Hines and USAA Real Estate have begun construction on phase one of Riverwalk San Diego, a 200-acre transit-oriented development in western Mission Valley. Riverwalk San Diego will transform the existing Riverwalk golf course ...
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AZ Multifamily Community Trades in $68 Mil Deal 9/22/22 Ponderosa Ranch, a 272-unit, value-add multifamily community in Tempe, AZ, traded to a new owner in a $68.5 mil ($251.8k/unit) transaction. The asset was sold by KKR.
Ponderosa Ranch is a 272-unit, garden-style multifamily c...
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Community Preservation Partners Picks Up Housing Communities in CA, NM and AZ 9/20/22 Community Preservation Partners (CPP) has acquired three multifamily housing communities located in California, New Mexico and Arizona. The assets have a combined purchase price of $48.75 mil.
One of the properties is Park V...
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Next Wave Investors Close on $34 Mil Portland Area Apartment Buy 9/20/22 Next Wave Investors LLC has purchased The Nash, a 180-unit multifamily community in the Portland metro submarket of Gresham, OR, located in Multnomah County. The property, located at 224 SE 188th Ave, traded for $34 mil, or $...
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Two-Property San Jose Res Portfolio Goes for $350k/Unit 9/20/22 A two-property, 118-unit senior affordable housing portfolio in San Jose traded hands in a recent $41.25 mil ($349.7k/unit) transaction. The assets -- Monte Vista Gardens Senior 1 and 2 -- were sold by ROEM Development, who b...
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Continental Realty Assets Ltd and MLG Capital Buy 112-Unit Res Property in Colorado 9/19/22 Continental Realty Group, through its subsidiary Continental Realty Assets, Ltd. ("CRA"), a Denver-based multifamily owner and operator, in partnership with Milwaukee-based MLG Capital, is pleased to announce the purchase of ...
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University of Washington is Looking for a Student Housing Developer/Operator to Manage Four-Property Portfolio 9/19/22 The University of Washington (UW) has issued a request for qualifications for a student housing developer and operator of a rare four-property university housing and development site portfolio in Seattle. The portfolio includ...
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Legacy Partners and Pacific Life to Start Work on 236-Unit Denver Multifamily Development 9/16/22 Legacy Partners and Pacific Life have broken ground on Araceli, a 236-unit, Class A, NGBS Green-Certified Gold high-rise in Denver. The project was designed by KTGY with Catamount Constructors as the general contractor.
The ...
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