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• Pan American Lands in Hawthorne
6/12/03
Pan American Properties has purchased La Josetta Apartments, a one-building, 47-unit apartment complex located at 4829 West 120th St, between Inglewood Ave and the 405 Fwy in Hawthorne, for $3.525 mil.
Built in 1974 of woo...
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• NoCal Multifamily News
6/11/03
For any of you looking for an attractive NoCal apartment buy in the $25 mil range, we've got a recent listing to let you know about. Mark Mason and Brad Pennington of Marcus & Millichap are marketing the newly built Lofts at ...
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• San Diego Apartment Demand Remains Strong; Supply more Limited
6/10/03
Burnham Real Estate Services, the San Diego-based commercial real estate services firm, has just released their first quarter 2003 report on the apartment market in San Diego County. The company, which has offices in L.A. and...
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• Tustin Apartment Seller had to Hunt for a Buyer
6/09/03
Hunt Enterprises, a SoCal-based 1031 exchange investor, acquired the Tustin Gardens Apartments, a 78-unit complex at the intersection of McFadden and Pasadena Aves in Tustin. The garden-style property sold for $10.6 mil ($135...
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• Pair of Major SoCal Apartment Properties Sail Out of AvalonBay
6/06/03
AvalonBay Communities, the Alexandria, VA-based apartment REIT, has sold two of its 19 SoCal properties, generating over $100 mil from the combined sales. In one of the sales, an affiliate of Essex Property Trust paid $58.2 m...
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• Multifamily Briefs
6/05/03
MENIFEE (Riverside County) – Denver-based Richmond American Homes purchased 262 single-family detached lots located within the master-planned Menifee community that includes the Menifee Lakes Country club, as well as numerous...
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• Johnson Capital Completes SoCal Apartment Financings
6/03/03
The financing pros at Johnson Capital have closed out a number of newsworthy apartment transactions in the last few weeks, a few of which we'll review for you in this report. The first deal is for an acquisition that we just ...
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• CT Collects $36 Mil from Sale of San Dimas Portfolio
5/28/03
Newport Beach-based CT Realty Corp closed out the sale of three apartment communities in the eastern San Gabriel Valley community of San Dimas to Essex Property Trust of Palo Alto for $36.7 mil. The San Dimas apartment portf...
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• NoCal Investment Partnership Closes $66 Mil Apartment Buy in South Orange County
5/27/03
Walnut Creek-based Sequoia Equities and San Rafael-based Rutherford Investments recently purchased the Alicante at Aliso Viejo Apartments, a high-profile institutional apartment community in south Orange County. The 428-unit ...
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• Downtown LA is Next Version of CIM City
5/23/03
The transformation of downtown Los Angeles into a true live/work environment took a major step forward a week ago, as state and local government officials joined CIM Group on May 15 to mark the start of construction on South ...
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• Apartment Investors Hyde in Inglewood
5/22/03
Here's a quick review of some recent multifamily property sales in Southern California. We'll start in the Inland Empire, where the Casablanca Apartments, a 56-unit complex at 5207-5225 Francis, west of Central Ave and a few ...
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• Apartment Investors Hyde in Inglewood
5/22/03
Here's a quick review of some recent multifamily property sales in Southern California. We'll start in the Inland Empire, where the Casablanca Apartments, a 56-unit complex at 5207-5225 Francis, west of Central Ave and a few ...
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• Local Investors Looking to Be Pioneers in Glendale
5/21/03
LA-based Pemberton Partners bought Pioneer Place Apartments, a 36-unit complex at 433 Pioneer Dr, between Central and Pacific Aves, just one block south of the 134 Fwy in Glendale. The buyer, looking for a long-term hold, pai...
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• Madison does Multifamily
5/19/03
The multifamily division of West LA-based Madison Partners has been busy brokering some noteworthy apartment sales so far this year. As an example, in the first quarter of this year Madison's Darin Beebower wrapped up the sal...
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• San Diego Apartment Market Continues to Set Records
5/14/03
A recent report from Burnham Real Estate Services shows that the average per-unit selling prices of San Diego County apartments hit an all-time high of $101,544 in 2002, a 39.7 percent increase over $72,693 in 2001 and more t...
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• May 13, 2003 - Sares-Regis to Apply a Little Hollywood Magic to Hawthorn Apartment Complex
5/13/03
Irvine-based Sares-Regis Group closed on a substantial investment in Hollywood, after paying $15.86 mil for the Sunbelt Hawthorn Apartments, a 99-unit ($160k/unit) multifamily complex at 7320 Hawthorn Ave. Located within walk...
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• SoCal Apartment Sales
5/12/03
ALPINE (San Diego County) – United Development Inc paid $4.45 mil for Alpine View Apartments, a 33-unit ($134.8k/unit) complex on 226 acres at 2616 Alpine Blvd, west of South Grade Rd and south of the I-8. Boasting a park-lik...
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• Multifamily Notes
5/09/03
SACRAMENTO - LA-based Sonnenblick-Eichner has arranged $16.75 mil in long-term fixed-rate financing for The Grove at Sunrise Apartments, a 206-unit luxury apartment complex in Citrus Heights, a suburb of Sacramento. Construct...
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• New York Firm Pays $17 Mil for Summer View in Sherman Oaks
5/08/03
A San Fernando Valley apartment property just sold for $17 mil, as The Praedium Group LLC, out of New York, purchased the Summer View Apartments, a 169-unit ($100k/unit) property ay 15353 Weddington St in Sherman Oaks. The co...
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• May 5, 2003 - San Diego Apartment Investors Head to the Ballpark
5/05/03
Investors recently made a couple of $9 mil apartment buys in San Diego County, one in Chula Vista and the other in San Diego's downtown. In the downtown deal, Richard Jones and Lavonda Lee Jones, as trustees of a trust, paid...
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